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RIO

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Rio Tinto (NYSE:RIO) is negotiating with workers at its Oyu Tolgoi copper mine in Mongolia to prevent another strike, following a previous strike in May due to significant wage reductions. Changes to Mongolia’s Labor Law led to recalculations of employee allowances, resulting in wage decreases of up to 80%. If key demands are not met, another strike is possible. Rio Tinto claims the previous strike did not materially impact mine production. Investors can gain exposure to Rio Tinto via VanEck Steel ETF (NYSE:SLX) and NEOS ETF Trust Mast Global Battery Recycling & Production ETF (NYSE:EV).

Portfolio Pulse from Lekha Gupta

July 02, 2024 | 9:50 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has extended the timeline for delivering its Foundation series Cybertrucks through late 2024 due to high demand, contrary to CEO Elon Musk's earlier prediction. The company aims to ramp up production to 2,500 units per week by the end of the year and deliver 250,000 Cybertrucks annually starting in 2025.

Portfolio Pulse from Anan Ashraf

July 02, 2024 | 9:24 am

BTCUSD

Arthur Hayes, co-founder of BitMEX, claims Bitcoin is a superior safe-haven asset compared to gold due to its technological advantages and rapid transaction speed. He argues that Bitcoin's cryptographic blockchain makes it more efficient than gold, which is limited by physical constraints.

Portfolio Pulse from Aniket Verma

July 02, 2024 | 8:59 am

AAPL

Apple Inc. (NASDAQ:AAPL) is developing two variants of its next-generation Vision Pro headset, with significant design and price changes. One version will be a premium model, while the other will be a more affordable consumer-grade edition. The company aims to reduce costs by cutting high-priced components and possibly requiring the headset to be tethered to a host device. This move follows feedback on the first-generation headset's high price and weight.

Portfolio Pulse from Ananya Gairola

July 02, 2024 | 8:38 am

CSCO

NVDA

The U.S. stock market is experiencing a surge driven by AI excitement, drawing comparisons to the dot-com bubble. Nvidia (NVDA) is leading the rally, with its shares soaring nearly 4,300% over the past five years. Experts are divided on whether this AI-driven surge will end in a crash similar to the dot-com era.

Portfolio Pulse from Benzinga Neuro

July 02, 2024 | 8:09 am

ZEPP

Zepp Health has launched Zepp OS 4, integrating OpenAI's GPT-4o into its Amazfit smartwatches. This new operating system aims to enhance user experience with advanced AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:06 am

RFAI

RFAIR

RFAIU

RF Acquisition Corp II (NASDAQ:RFAIU) announced that starting July 5, 2024, holders of its 11,500,000 units sold in the IPO can trade the ordinary shares and rights separately. The units will continue to trade under 'RFAIU,' while the separated shares and rights will trade under 'RFAI' and 'RFAIR,' respectively.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 7:16 am

CNGL

Liqueous LP is challenging the validity of Canna-Global Acquisition Corp.'s (NASDAQ:CNGL) issuance of Class A common stock. Liqueous acquired these shares in exchange for extinguishing certain debts of Canna-Global, which provided financial benefits to Canna-Global and its stockholders. Liqueous is working with Canna-Global to resolve the issue.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 7:15 am

LB

LandBridge Company LLC raised $270.9 million through its IPO and concurrent private placement, with shares now trading on the NYSE under the ticker symbol 'LB'.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 7:07 am

LWAY

Lifeway Foods, Inc. (NASDAQ:LWAY) has been included in the Russell 2000 and Russell 3000 Indexes, effective July 1, 2024. This inclusion is part of the annual reconstitution of the Russell stock indexes.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 7:01 am