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DOGEUSD

ETHUSD

SHIBUSD

SOLUSD

Memecoins such as Dogwifhat, Floki, and Bonk recorded significant gains despite a broader market sell-off. Dogecoin and Shiba Inu also traded positively. The surge in memecoins comes amid panicky market sentiment and defunct cryptocurrency exchange repayment plans.

Portfolio Pulse from Aniket Verma

June 25, 2024 | 4:08 am

SPR

Boeing Co. (NYSE:BA) has proposed to acquire Spirit AeroSystems Holdings Inc. (NYSE:SPR) in a deal valued at $35 per share, primarily funded by stock. This move aims to alleviate Boeing's financial pressure and regain control over the quality of its jetliner structures. The acquisition comes as Boeing faces potential criminal charges related to the 737 Max crashes.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 4:04 am

ORCL

Oracle Corp (NYSE:ORCL) has warned investors about the potential financial impact of a U.S. ban on TikTok. A new law signed by President Joe Biden could make it illegal to provide internet hosting services to TikTok, which could adversely affect Oracle's revenue and profit. Oracle's cloud infrastructure, used by TikTok to store and process U.S. user data, generates significant revenue for the company. Analysts estimate Oracle’s annual revenue from TikTok to be between $480 million and $800 million. The potential ban could lead to a substantial loss in revenue for Oracle.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 3:27 am

ABSI

COIN

ROKU

TDOC

VERV

Cathie Wood's Ark Invest sold 3,341 shares of Coinbase amidst a volatile cryptocurrency market, with Bitcoin dropping below $62,000. Other significant trades included selling shares of Teladoc Health and Verve Therapeutics, and buying shares of Absci Corp and Roku.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 3:17 am

AMZN

Amazon is developing a new AI chatbot named 'Metis' to compete with OpenAI's ChatGPT. The project, led by Amazon's AGI team, aims to provide real-time information and automate tasks using retrieval-augmented generation. Amazon plans to launch Metis in September, coinciding with a major Alexa event. CEO Andy Jassy highlighted the company's extensive AI efforts, which are expected to generate significant revenue.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 2:45 am

AFRM

ALNY

CCL

NVDA

TSLA

On Monday, major U.S. indices showed mixed performance. Nvidia's stock fell by 6.68% due to a heavy sell-off and CEO share sale. Affirm Holdings rose by 12.82% after a Goldman Sachs analyst's Buy rating. Carnival Corporation rose by 1.99% ahead of its earnings report. Alnylam Pharmaceuticals surged by 34.52% on positive Phase 3 study results. Tesla fell slightly by 0.23% amid criticism of judicial activism in a case involving Elon Musk's pay package.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 2:18 am

BTCUSD

DOGEUSD

ETHUSD

NVDA

The cryptocurrency market experienced a significant downturn due to Mt. Gox's repayment plan, causing Bitcoin to drop below $60,000. Ethereum and Dogecoin also saw declines. The market's fear index indicates potential continued downsides. Meanwhile, NVIDIA's slump impacted the Nasdaq 100.

Portfolio Pulse from Aniket Verma

June 25, 2024 | 1:59 am

CRKN

Trading for Crown Electrokinetics Corp. (CRKN) was halted at 7:50:00 p.m. ET pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:50 pm

NKLA

Trading for Nikola Corporation (NKLA) was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:50 pm

BAC

DFS

PFSI

UWMC

Shares of U.S.-listed mortgage lenders have risen after U.S. regulators allowed Freddie Mac to buy second mortgages, potentially lowering borrowing costs against home equity. The Federal Housing Finance Authority (FHFA) approved a pilot program for Freddie Mac to buy up to $2.5 billion of second mortgages over 18 months.

Portfolio Pulse from Michael Juliano

June 24, 2024 | 11:06 pm