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Berkshire Hathaway reported a 15.50% decline in Q2 net earnings year-over-year, despite a 15.48% increase in operating earnings. The company continued to offload its stake in Apple, leading to a significant reduction in its core holdings. Berkshire's cash reserves swelled to $277 billion, while its Class A shares have gained 18.21% year-to-date.

Portfolio Pulse from Shanthi Rexaline

August 03, 2024 | 1:14 pm

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Benzinga reviewed the prospects of popular stocks, highlighting both bullish and bearish outlooks. Key points include a potential bottom for CrowdStrike, a predicted bull run for Dogecoin, and a possible end to the tech selloff. Conversely, Tesla's Bitcoin investment is criticized, Intel faces downgrades, and NuScale Power is reportedly under SEC investigation.

Portfolio Pulse from Michael Cohen

August 03, 2024 | 12:57 pm

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A market slump on Friday led to a $134 billion loss for the world's 500 richest individuals, with Amazon and its founder Jeff Bezos taking significant hits. Amazon's shares fell nearly 9% due to lower-than-expected net sales and a disappointing outlook. Other tech billionaires, including Elon Musk, Larry Ellison, Mark Zuckerberg, Sergey Brin, and Larry Page, also saw substantial losses.

Portfolio Pulse from Anan Ashraf

August 03, 2024 | 9:01 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced that it can produce one Powerwall 3 unit every 25 seconds, amounting to over 700,000 units annually. The Powerwall 3, a home battery for storing solar energy, has contributed to a 100% year-on-year revenue increase in Tesla's energy generation and storage segment. Tesla expects its energy business revenue growth to outpace its automotive segment for 2024.

Portfolio Pulse from Anan Ashraf

August 03, 2024 | 6:56 am

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Donald Trump stated that Meta Platforms Inc. CEO Mark Zuckerberg called him after an assassination attempt and said he would not support a Democrat in the 2024 election. Trump also accused Alphabet Inc.'s Google of censoring content about him and suggested that Congress might shut down Google.

Portfolio Pulse from Ananya Gairola

August 03, 2024 | 6:18 am

TSLA

Tesla's use of dry cathode 4680 cells in the Cybertruck is seen as a major breakthrough by CEO Elon Musk and investor Sawyer Merritt. This technology could reduce costs by 15%-30% and result in higher-density batteries if scaled successfully. Tesla aims to start production of Cybertrucks with these cells in Q4, potentially achieving profitability by year-end.

Portfolio Pulse from Anan Ashraf

August 03, 2024 | 5:24 am

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TSLA

Ford Motor Co (NYSE:F) reported a 31% increase in EV sales in July, driven by the F-150 Lightning pickup truck. The company sold 8,242 electric vehicles, with the F-150 Lightning seeing an 82% jump in sales. The Mustang Mach-E and E-transit also saw growth. Despite competition from Tesla's Cybertruck, Ford's EV sales continue to rise.

Portfolio Pulse from Anan Ashraf

August 03, 2024 | 3:24 am

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Crypto industry executives are set to meet with White House officials to discuss potential policy changes around digital assets. This follows a previous roundtable in July and comes amid political promises and criticisms regarding cryptocurrency regulation.

Portfolio Pulse from Rounak Jain

August 03, 2024 | 3:06 am

GNLN

Trading for GNLN was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:50 pm

XYLO

Trading for XYLO has been halted as of 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:50 pm