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DIS

Disney's streaming platform in India, Disney+ Hotstar, has lost 12.5 million subscribers in the recent quarter, marking its third consecutive dip. The platform has lost around 21 million subscribers since October 2022. This is largely due to the loss of cricket content, particularly the IPL, to Viacom18, supported by Mukesh Ambani's Reliance Industries. There are rumors that Disney is considering a sale or a potential joint venture in India.

Portfolio Pulse from Shomik Sen Bhattacharjee

August 10, 2023 | 5:35 am

DOGEUSD

An unknown wallet transferred 67.81 million Dogecoin (CRYPTO: DOGE) worth over $5 million to the cryptocurrency exchange, Coinbase. The intentions behind this transfer are unknown, but it raises the possibility of a whale dump, which could lead to market fluctuations. This development occurs amidst a legal battle between Elon Musk, the CEO of Tesla, and a group of disgruntled Dogecoin investors.

Portfolio Pulse from Mehab Qureshi

August 10, 2023 | 5:26 am

BTC-USD

In a recent podcast, Joe Rogan and musician Post Malone expressed strong opposition to central bank digital currencies (CBDCs), voicing concerns about potential implementation of a social credit score system linked to CBDCs. This comes amid growing opposition to CBDCs, with Republican presidential candidate and Florida Governor Ron DeSantis criticizing the Biden Administration's approach to cryptocurrencies. At the time of writing, Bitcoin was trading at $29,568.83, down 2.50% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 10, 2023 | 4:38 am

META

NVDA

TSLA

Short sellers have faced over $175 billion in losses due to a surge in tech stocks, driven by investor enthusiasm for AI. Only 30% of shorted stocks were profitable trades in 2023. Factors like the release of OpenAI’s ChatGPT and hopes of a lenient Federal Reserve monetary policy have boosted tech stocks. Nvidia (NASDAQ:NVDA), Meta (NASDAQ:META), and Tesla (NASDAQ:TSLA) have been the least profitable shorts.

Portfolio Pulse from Benzinga Neuro

August 10, 2023 | 4:25 am

TSLA

Tesla CEO Elon Musk stated that the auto industry has yet to catch up with Tesla's achievements from over ten years ago. In Q3 2012, Tesla delivered over 250 Model S vehicles and launched its supercharger network. Currently, Tesla has delivered a total of 466,140 vehicles in Q2 2023 and has over 45,000 superchargers globally. Several automakers, including Ford, General Motors, and Volvo, are collaborating with Tesla to access its supercharger network.

Portfolio Pulse from Anan Ashraf

August 10, 2023 | 3:59 am

NVDA

PLTR

RBLX

ROKU

Ark Invest, led by Cathie Wood, purchased shares of Roblox Corp (RBLX) following its recent quarterly earnings report. The purchase was made through ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF). Despite a 22% YoY growth in Q2 FY23 Bookings, Roblox's revenue missed the consensus by over $100 million. Ark Invest also bought shares of Palantir Technologies (PLTR) and sold shares of NVIDIA Corp (NVDA) and ROKU Inc (ROKU).

Portfolio Pulse from Benzinga Neuro

August 10, 2023 | 3:11 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies experienced mixed trading on Wednesday evening as investors awaited the release of July's Consumer Price Index (CPI) in the United States. The Securities and Exchange Commission (SEC) is planning to appeal a recent court decision related to Ripple Labs. The global crypto market capitalization stands at $1.18 trillion, a 0.38% decrease in the last day. Stocks experienced a decline on Wednesday as investors eagerly anticipated upcoming inflation data. The S&P 500 saw a decline of 0.7%, while the Nasdaq Composite slipped 1.17%.

Portfolio Pulse from Mehab Qureshi

August 10, 2023 | 2:40 am

DIS

NFLX

WBD

The Walt Disney Company (NYSE:DIS) has announced a 27% increase in its ad-free Disney+ subscription cost, from $10.99 to $13.99 per month, starting Oct. 12. The ad-supported version will retain its current price of $7.99 per month. Disney also plans to introduce ad-supported Disney+ subscription options in Canada and select European markets from Nov. 1. The company is adjusting its bundle options and prices for Hulu as well. The revised pricing brings Disney+ closer to the rates of other streaming giants like Netflix Inc. (NASDAQ:NFLX) and Warner Bros. Discovery Inc.'s (NASDAQ:WBD) Max.

Portfolio Pulse from Ananya Gairola

August 10, 2023 | 2:27 am

BABA

DIS

PLUG

RBLX

TSLA

U.S. stocks ended the day in the red, with the Dow Jones, NASDAQ, and S&P 500 all experiencing declines. The stocks that gained the attention of retail traders and investors throughout the day were The Walt Disney Company, Plug Power Inc, Alibaba Group Holding Limited, Tesla Inc, and Roblox Corp. Disney's stock declined by 0.73%, Plug Power's stock decreased by 1.47%, Alibaba's stock rose by 0.67%, Tesla's stock dropped by 3.01%, and Roblox's stock plummeted by 21.90%.

Portfolio Pulse from Benzinga Neuro

August 10, 2023 | 2:19 am

JAZZ

Jazz Pharmaceuticals reported Q2 2023 financial results, with GAAP net income of $104.4 million, up from $34.7 million in Q2 2022. Non-GAAP adjusted net income reached $325.1 million, up from $305.5 million in Q2 2022. Total revenues increased by 3% compared to Q2 2022. Neuroscience revenue was steady at $696.9 million, while oncology net product sales increased by 10% to $252.2 million. The company's financial position as of June 30, 2023, included $1.4 billion in cash and investments, and $5.8 billion in long-term debt. The company also repurchased approximately $100 million of shares.

Portfolio Pulse from Joana Scopel

August 09, 2023 | 11:37 pm