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CIFR

Cipher Mining Inc (NASDAQ:CIFR) shares rose after the company reported mining 433 bitcoin in November, selling 391 and holding 558. With 70,000 rigs and a 7.2 EH/s hash rate, CEO Tyler Page highlighted operational improvements. The stock's rise also correlates with Bitcoin's price increase, up over 5% in the last 24 hours.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 2:27 pm

SSNT

SilverSun Technologies Inc (NASDAQ:SSNT) stock surged over 100% after the announcement that Jacobs Private Equity II will invest $1 billion in the company. Jacobs will take over as CEO and majority stockholder, with plans to spin off the current business and create a new platform for acquisitions in an undisclosed industry, as well as rebrand the company. The investment and leadership change signal a strategic shift, leveraging Jacobs' experience in building large companies through mergers and acquisitions.

Portfolio Pulse from Henry Khederian

December 04, 2023 | 2:21 pm

SSNT

SilverSun Technologies' stock price is on the rise following the announcement that Jacobs Private Equity II and minority co-investors will invest $1 billion in the company.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:20 pm

MCD

McDonald's Corp (NYSE:MCD) is taking a bold step by acquiring Carlyle Group Inc's (NASDAQ:CG) minority stake in its China business, aiming for aggressive expansion despite a consumer slowdown and geopolitical tensions. This move goes against the trend of multinationals scaling back in China. The market for limited-service restaurants in China is expected to grow 4% annually through 2025, with McDonald's holding a 70% share in the burger segment.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 2:19 pm

TWLO

Twilio Inc. has announced a new workforce restructuring plan to streamline operations, which includes the elimination of approximately 5% of its current workforce. The company expects to incur charges of about $25M-$35M in connection with the workforce reduction, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:18 pm

TMTCU

TMT Acquisition Corp has entered into a merger agreement with eLong Power, a provider of specialty battery technologies. Upon the closing of the deal, eLong Power's shareholders are set to receive 45 million ordinary shares of eLong Power Inc., with an implied value of $10 per share. This transaction will likely result in eLong Power becoming a publicly traded entity through a reverse merger with TMT Acquisition Corp.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:18 pm

MCOM

Micromobility.com Inc. (NASDAQ:MCOM) CEO Salvatore Palella addresses shareholders, outlining strategic initiatives for profitability and market expansion. The company is pivoting to branded retail and profitable sharing services, with significant cost reductions in Q2. They are introducing Long-Term Rentals (LTR) in key cities and integrating fintech payment solutions, with plans to expand retail outlets in various U.S. cities. MCOM is negotiating a loan leveraging IP and pursuing M&A activities, focusing on profitable growth. The CEO acknowledges past challenges, particularly in the media business segment, and emphasizes a commitment to financial sustainability and shareholder value.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:17 pm

COIN

MARA

RIOT

Shares of Coinbase Global Inc (COIN), Marathon Digital Holdings Inc (MARA), and Riot Platforms Inc (RIOT) are rising due to an increase in Bitcoin's price over the weekend, surpassing $40,000. The crypto rally is driven by optimism for a potential spot Bitcoin ETF and expectations of a Federal Reserve rate cut in 2024. Coinbase shares are up nearly 9%, Marathon Digital's stock rose 13.6%, and Riot Blockchain's shares increased by 11.7%.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 2:15 pm

ALK

COIN

QQQ

SAIC

SPOT

SPY

UBER

U.S. stock futures indicate a weak opening as investors react to Fed Chair Powell's comments on potential policy tightening. Gold prices hit record highs amid geopolitical tensions, while Bitcoin soars past $40,000. Crude oil prices drop due to OPEC+ output cuts and demand concerns. Premarket trading sees SPY and QQQ ETFs down, while individual stocks like COIN, UBER, SPOT, SAIC, and ALK show significant movements. ALK's planned acquisition of HA causes a surge in HA's stock.

Portfolio Pulse from Piero Cingari

December 04, 2023 | 2:14 pm

WISA

WiSA Technologies, Inc. shares surged following the announcement of a 5-year licensing agreement with an HDTV brand for WiSA E technology.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:12 pm