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Following the removal of Sam Altman as CEO of OpenAI, competitors like Google (Alphabet Inc), Anthropic, Nvidia, and Salesforce have reported increased interest from customers and potential employees. Google has seen a surge in activity, Cohere has experienced a rise in inquiries, and over 100 customers have reached out to Anthropic. Salesforce's CEO Marc Benioff has invited OpenAI researchers to join his company. This comes after an internal revolt at OpenAI, with reports of employees willing to leave for Microsoft, where Altman is now employed.

Portfolio Pulse from Ananya Gairola

November 22, 2023 | 5:49 am

BNB-USD

BTC-USD

DOGE-USD

ETH-USD

Over $225 million in crypto positions were liquidated following Binance CEO Changpeng Zhao's resignation. The liquidations were predominantly in long positions, with Binance seeing $98 million in trades. Bitcoin, Ethereum, Binance Coin, and Dogecoin were notably affected, with Bitcoin and Ethereum taking the largest hits. Zhao's departure and the subsequent withdrawal surge of $566.8 million from Binance have contributed to market instability.

Portfolio Pulse from Mehab Qureshi

November 22, 2023 | 5:30 am

BTCUSD

ETHUSD

Binance CEO Changpeng Zhao (CZ) resigned following a $4.3 billion DOJ settlement over legal infractions. Despite a spike in withdrawals, Binance's financial standing remains stable with $65-$68.4 billion in assets. The crypto market experienced a downturn, with Bitcoin and Ethereum dropping 3% and 2% respectively after the news. November has historically been a challenging month for crypto, with significant market cap declines and the FTX collapse in the previous year.

Portfolio Pulse from Mehab Qureshi

November 22, 2023 | 5:23 am

Block Inc. (NYSE:SQ) CEO Jack Dorsey is changing the company's performance management by eliminating annual performance reviews and PIPs, aiming to foster a 'culture of excellence'. Dhanji Prasanna has been appointed as the new CTO. Regular evaluations will replace annual reviews, with immediate dismissal for underperforming employees. Despite these changes, Block has seen a 37.5% increase in Bitcoin revenue and a gross profit of $44 million from Bitcoin in Q3, leading to a rise in its share price.

Portfolio Pulse from Benzinga Neuro

November 22, 2023 | 4:48 am

BOTZ

IWO

MEME

ETFs tracking meme stocks, such as the Roundhill MEME ETF (MEME), the Robotics & AI ETF (BOTZ), and iShares Russell 2000 Growth (IWO), have experienced significant gains, outperforming the S&P 500 over the past five trading days. DataTrek Research highlights this trend as a sign of investors' 'animal spirits' running hot again, with these ETFs showing better average returns than the S&P not only in the past week but also over the last month and year-to-date. The resurgence of interest in meme stocks is seen as part of a broader bullish market condition, with predictions that the November stock rally could continue through year-end.

Portfolio Pulse from Benzinga Neuro

November 22, 2023 | 4:02 am

TSLA

Tesla Inc (NASDAQ:TSLA) is offering up to $3,000 discounts on Model Y inventory vehicles in the US. This comes alongside a $7,500 tax credit available for these vehicles. The discounts are likely in response to concerns about falling demand due to rising interest rates, as mentioned by CEO Elon Musk during the Q3 earnings call. Despite price cuts, monthly payments remain similar due to the higher interest rates. Tesla's stock closed 2.38% higher at $241.20 on Tuesday.

Portfolio Pulse from Anan Ashraf

November 22, 2023 | 2:44 am

BTCUSD

ETHUSD

ChangPeng Zhao, former CEO of Binance, has been released on a $175 million bail bond after pleading guilty to money laundering violations. Binance is set to pay a $4.3 billion penalty. Richard Teng is the new CEO. Major cryptocurrencies Bitcoin and Ethereum fell by 3.7% following the news.

Portfolio Pulse from Shivdeep Dhaliwal

November 22, 2023 | 12:43 am

TSLA

Dogecoin (DOGE) recently surpassed 8 cents, reaching highs not seen since April. Tesla Inc (TSLA) and Dogecoin are linked due to Elon Musk's support. Although DOGE can't currently be used to buy Tesla vehicles, it can be used for merchandise purchases. An investment in DOGE today could potentially allow an investor to afford a Tesla Model Y if DOGE reaches $0.25. To buy a Model Y priced at $43,990, an investor would need 175,960 DOGE, which would require an investment of $13,114.77 at the current DOGE price of $0.07452.

Portfolio Pulse from Chris Katje

November 22, 2023 | 12:40 am

BTCUSD

The article discusses the potential market impact if Satoshi Nakamoto, the pseudonymous creator of Bitcoin, were to move his estimated 750,000 to 1,100,000 Bitcoin holdings. The untouched fortune has remained static for over a decade, and any movement could either cause a drastic drop in Bitcoin's value due to increased supply and panic selling, or it could trigger a bull run if perceived as a sign of confidence. Regulatory implications are also considered, with the event possibly accelerating the evolution of cryptocurrency regulations.

Portfolio Pulse from Murtuza Merchant

November 21, 2023 | 11:40 pm

URBN

Urban Outfitters, Inc. (NASDAQ:URBN) reported Q3 earnings of 88 cents per share, beating estimates of 82 cents and marking a 120% increase from the previous year. Sales reached a record $1.28 billion, surpassing expectations of $1.26 billion and growing 8.94% year-over-year. Despite the positive results, URBN shares dropped 7.05% in after-hours trading to $33.75.

Portfolio Pulse from Ryan Gustafson

November 21, 2023 | 11:37 pm