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META

Elon Musk has criticized the declining popularity of Meta Platforms Inc.'s social media platform, Threads, which is struggling to maintain its user base. Threads initially gained 100 million users within the first five days of its launch, but its popularity has been steadily declining. Analysts predict that Threads will remain at the bottom of the U.S. social network rankings through 2025 due to tough competition from established platforms like Facebook, Instagram, TikTok, and Musk's own platform, X.

Portfolio Pulse from Ananya Gairola

October 05, 2023 | 5:54 am

VCXB

10X Capital Venture Acquisition has transferred its listed securities to the NYSE American. The company's ticker symbol, VCXB, remains the same.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 5:50 am

STZ

Constellation Brands, Inc. (NYSE:STZ) is expected to report higher Q2 earnings of $3.36 per share, up from $3.17 per share a year ago. The company's revenue is projected to be $2.82 billion, compared to $2.51 billion in the year-ago period. Several analysts have recently updated their price targets for STZ, with the highest target being $305.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 5:06 am

EWA

Australia's trade balance for August was reported at 9.640B, higher than the estimated 8.725B and the prior figure of 8.039B.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:36 am

BTCUSD

Democratic Presidential candidate Robert F. Kennedy Jr. has expressed his support for Bitcoin and has vowed to review the case of Silk Road founder Ross Ulbricht if elected. Kennedy Jr. also proposed issuing treasury bills backed by hard assets, including Bitcoin, to provide greater stability and independence from government control. He opposes central bank digital currencies, fearing they would become instruments of power and control. He has publicly declared his support for Bitcoin, having bought two Bitcoin for each of his seven children.

Portfolio Pulse from Mehab Qureshi

October 05, 2023 | 4:01 am

AAPL

GOOG

GOOGL

Apple Inc. has released the iOS 17.0.3 update to address the overheating issue reported by several users of its iPhone 15 series. The update provides essential bug fixes and security updates. The overheating problem was attributed to improperly configured apps, bugs in the iOS operating system, and the initial setup period. Meanwhile, Alphabet Inc.’s Google launched its latest smartphones, Pixel 8 and Pixel 8 Pro, along with Pixel Watch 2. The Pixel 8 Pro has the second brightest smartphone display globally and Google has extended its software support for the Pixel 8 series to seven years.

Portfolio Pulse from Ananya Gairola

October 05, 2023 | 3:43 am

KIMTF

TSLA

Kia (OTC:KIMTF) is set to unveil three new electric vehicle models at their EV Day event in South Korea on October 12. The event will provide details on Kia’s EV lineup, including the EV5, an electric SUV aimed to rival Tesla Inc.’s (NASDAQ:TSLA) Model Y in China. Kia aims to sell 1.6 million EVs annually by 2030, with 15 new electric models by 2027.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 3:36 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin rose on Wednesday evening as traditional markets showed signs of recovery. The crypto market movements were influenced by the latest jobs data, which showed an addition of 89,000 private payrolls last month, significantly below the forecast of 160,000. The global crypto market capitalization stands at $1.08 trillion, a 0.98% decrease in the last day. Analysts emphasize the importance of key levels for Bitcoin, suggesting that maintaining a position above $27,200 would support further upward momentum.

Portfolio Pulse from Mehab Qureshi

October 05, 2023 | 2:58 am

ARKK

ARKQ

ARKW

CRSP

DNA

NVDA

PACB

TSLA

Ark Invest, led by Cathie Wood, sold over $25 million worth of Tesla Inc shares on October 4, 2023. The shares were sold through ARK Innovation ETF, ARK Autonomous Technology & Robotics ETF, and ARK Next Generation Internet ETF. This move is a significant shift from Ark's previous bullish stance on Tesla. Additionally, Ark Invest made other key trades, including the purchase of shares in Pacific Biosciences of California, CRISPR Therapeutics AG, and Ginkgo Bioworks Holdings Inc, and the sale of Nvidia Corporation shares.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 1:54 am

GOOGL

LAC

RIVN

TSLA

XOM

US stocks ended higher on Wednesday with Dow Jones, NASDAQ, and S&P 500 all experiencing gains. Five stocks that gained attention were Rivian Automotive, Lithium Americas Corp., Tesla, Alphabet, and Exxon Mobil. Rivian announced its intention to offer green convertible senior notes, Lithium Americas completed the separation into two independent public entities, Tesla's stock is bouncing back amidst ongoing United Auto Workers strikes, Alphabet launched the Pixel 8 and Pixel 8 Pro smartphones, and Exxon Mobil is navigating complex political landscapes.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 1:26 am