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LIZI

LIZHI Inc. has announced that it will change its NASDAQ ticker symbol from 'LIZI' to 'SOGP', effective January 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 10:55 am

Daqo New Energy, a leading manufacturer of high-purity polysilicon for the global solar PV industry, has announced its intention to repurchase approximately 14.55 million of its American Depositary Shares (ADSs) for about $491 million by the end of 2023. This buyback plan reflects the company's confidence in its financial strength and commitment to delivering value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 10:53 am

INFY

Infosys (NYSE:INFY) reported Q3 earnings per share (EPS) of $0.18, which was in line with analyst estimates, but marked a 5.26% decrease from the $0.19 EPS reported in the same quarter last year. The company's quarterly sales reached $4.66 billion, slightly surpassing the consensus estimate of $4.63 billion by 0.71% and representing a marginal increase of 0.09% from the previous year's sales.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 10:50 am

BLK

BTCUSD

Cathie Wood, CEO of ARK Investment Management, disclosed that at least 25% of her personal net worth is invested in Bitcoin, excluding her holdings in ARK and real estate. This revelation aligns with ARK Invest's recent SEC approval for the Ark21Shares Bitcoin ETF and their collaboration with BlackRock Inc. to reduce management fees for their spot Bitcoin ETFs to attract investors. Bitcoin was trading at $46,050.65, up 0.38% at the time of the article.

Portfolio Pulse from Mehab Qureshi

January 11, 2024 | 10:32 am

BITF

BTBT

BTDR

CAN

HIVE

HUT

IRBT

NUKK

TGAN

WULF

In Thursday's pre-market session, U.S. stock futures were up, with Nasdaq futures gaining about 50 points. Transphorm, Inc. (TGAN) saw a significant rise after Renesas Electronics announced plans to acquire the company at $5.10 per share in cash, causing TGAN shares to surge 30.6% to $4.95. Other stocks experiencing gains included Canaan Inc. (CAN), TeraWulf Inc. (WULF), Bitdeer Technologies Group (BTDR), Nukkleus Inc (NUKK), Bitfarms Ltd (BITF), Bit Digital, Inc. (BTBT), Hut 8 Corp. (HUT), iRobot Corporation (IRBT), and HIVE Digital Technologies Ltd. (HIVE), largely due to strength in Bitcoin prices and regulatory developments.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 10:00 am

AMZN

Amazon's recent layoffs have been more extensive than previously reported, impacting Amazon Pay and marketing departments. The company informed employees of job cuts in Prime Video and MGM Studios, with Twitch planning to lay off 35% of its workforce. Affected Amazon Pay employees were offered 60 days of pay and additional severance. The layoffs have occurred despite Amazon's stock trading higher, indicating investor optimism about the company's future.

Portfolio Pulse from Benzinga Neuro

January 11, 2024 | 9:50 am

HPE

JNPR

Hewlett Packard Enterprise Co's CEO Antonio Neri is confident that the company's $14 billion acquisition of Juniper Networks Inc will face no significant regulatory hurdles in China. Despite Juniper's undisclosed revenue from China, Neri believes the small footprint will avoid complications. The deal is expected to enhance HPE's AI computing offerings and is anticipated to close within 9-12 months. Juniper's stock has risen about 20% after a 52-week low in October, benefiting from technological advancements and new deployments in Asia.

Portfolio Pulse from Benzinga Neuro

January 11, 2024 | 9:35 am

CMI

Cummins Inc. (NYSE:CMI) is ordered to recall 600,000 Ram Trucks and pay a $2 billion penalty due to an emissions cheating scandal. The DOJ announced the details of a December settlement where Cummins is accused of using devices to evade emissions testing. The penalty includes a $1.67 billion civil fine and $325 million for remedial actions, marking the highest penalty under the Clean Air Act. Cummins stated the settlement involves no new financial commitments beyond those previously announced.

Portfolio Pulse from Benzinga Neuro

January 11, 2024 | 9:31 am

AAPL

MASI

The U.S. International Trade Commission (ITC) has opposed Apple Inc.'s request to delay an import ban on certain Apple Watch models, despite a temporary relief granted by a U.S. appeals court. The ITC found Apple's arguments weak and speculative, maintaining there was no legal error in its October 2023 decision. Apple, accused of infringing Masimo Corporation's patents, has been selling the affected models since December 27 and is working on non-infringing software versions while appealing the ITC decision.

Portfolio Pulse from Rounak Jain

January 11, 2024 | 8:43 am

AAPL

A report by Consumer Intelligence Research Partners (CIRP) indicates that despite a decline in iPhone sales, consumers are increasingly opting for models with higher storage capacities. This trend is contributing to a higher average sales price for Apple Inc. (NASDAQ:AAPL). Although iPhone revenue fell by 2% YoY in 2023, the preference for more storage could help maintain Apple's average sales price. KeyBanc Capital Markets analyst Brandon Nispel is concerned about the impact of weak iPhone sales on Apple's stock, especially after a challenging December quarter. However, Apple's iPhone production in India has hit $13.5 billion, potentially mitigating some sales decline. Sales in China are predicted to fall, which could further affect Apple's revenue in 2024.

Portfolio Pulse from Benzinga Neuro

January 11, 2024 | 8:30 am