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ARKK

BTCUSD

SEC Chair Gary Gensler maintains that most cryptocurrencies and crypto firms should comply with federal securities laws. He acknowledges widespread noncompliance within the crypto industry. Gensler also mentions the SEC's recent rulemaking efforts, including a release that categorizes crypto platforms as part of the definition of an exchange. The SEC has delayed approval of Ark Invest and 21Shares’ Bitcoin ETF application on the Cboe BZX Exchange until January 10, 2024.

Portfolio Pulse from Mehab Qureshi

September 27, 2023 | 5:02 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a decline on Tuesday evening due to the growing acceptance of prolonged higher interest rates in financial markets. The Securities and Exchange Commission has postponed the ruling on the proposed ARK 21Shares Bitcoin ETF until next year. The S&P 500 and Nasdaq Composite also experienced a decline, while the U.S. Dollar index soared to a 10-month high. Analysts predict that Bitcoin may experience some weakness and may not break crucial levels, while Ethereum may return to being deflationary.

Portfolio Pulse from Mehab Qureshi

September 27, 2023 | 3:44 am

AAPL

TSM

Apple Inc.'s iPhone 15 Pro models are facing overheating issues, with some users reporting temperatures as high as 118ºF. Analyst Ming-Chi Kuo from TF International Securities has identified the root causes as compromises made in the thermal system design to reduce the device’s weight, including a smaller heat dissipation area and the use of a titanium frame. The issues are not related to the advanced 3nm node used by Apple’s chip supplier, Taiwan Semiconductor Manufacturing Company Ltd. If unresolved, these problems could potentially affect iPhone 15 Pro shipments over the product’s life cycle.

Portfolio Pulse from Ananya Gairola

September 27, 2023 | 3:14 am

RIVN

Jim Cramer, host of CNBC’s “Mad Money”, has recommended Rivian Automotive Inc. (NASDAQ:RIVN) as a potential investment opportunity in the electric vehicle sector. This follows a positive outlook from Baird, an independent investment bank, which expects Rivian to surpass third-quarter delivery estimates due to improved margins and increasing demand. Baird maintained an outperform (buy) rating on Rivian’s stock with a price target of $30 per share, a 42% premium to its current price of approximately $21.

Portfolio Pulse from Benzinga Neuro

September 27, 2023 | 3:04 am

STLA

TSLA

Tesla CEO Elon Musk criticized President Joe Biden's support for the United Auto Workers (UAW) union's demands for a 40% pay hike and a 32-hour workweek. Musk argued that these demands could lead to the bankruptcy of Ford, General Motors, and Stellantis. Musk's comments contrast with his previous claim that Tesla pays more than the union's demands.

Portfolio Pulse from Anan Ashraf

September 27, 2023 | 2:35 am

STLA

United Auto Workers (UAW) president, Shawn Fain, criticizes former President Donald Trump ahead of his visit to Detroit amidst an ongoing strike against the 'Big Three' automakers - Ford Motor Company (F), General Motors Company (GM), and Stellantis NV (STLA). Fain accuses Trump of favoring the billionaire class over the working class and criticizes his decision to host a rally at a non-union plant in Michigan.

Portfolio Pulse from Benzinga Neuro

September 27, 2023 | 12:20 am

ADBE

ETHUSD

GOOGL

MSFT

Ethereum has reached a revenue milestone of $10 billion, surpassing tech giants like Microsoft Corp, Adobe Inc, and Alphabet Inc. The platform's diverse revenue sources and strong network activities were key factors. However, the revenue levels were seen as 77% below the prior year's levels amid uncertainties in the broader crypto market.

Portfolio Pulse from Khyathi Dalal

September 26, 2023 | 11:42 pm

FOX

FOXA

RUM

Despite facing multiple indictments and federal charges, former President Donald Trump continues to lead in national election polls among Republican voters for the 2024 presidential election. However, the latest Morning Consult poll shows Trump's lead slightly shrinking. Ron DeSantis, Nikki Haley, and Vivek Ramaswamy gained in the polls. The second Republican primary debate will be aired on Fox Corporation's Fox Business and livestreamed on Rumble Inc.

Portfolio Pulse from Chris Katje

September 26, 2023 | 11:07 pm

FOX

FOXA

President Biden is currently leading in the polls for the 2024 presidential election, with a potential rematch against Donald Trump or a face-off against Florida Gov. Ron DeSantis. Biden's lead over Trump is narrow, with a one-point advantage. The momentum shift for Biden came after his son, Hunter Biden, was indicted and faced federal charges. Trump has announced he will skip the second Republican primary debate that airs on Fox Business, a unit of Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA). Biden has increased spending on political advertising recently.

Portfolio Pulse from Chris Katje

September 26, 2023 | 10:36 pm

CIVI

HAYW

Hayward Holdings (HAYW) is set to replace Civitas Resources (CIVI) in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 9:45 pm