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GM

General Motors (GM) aims to resume driverless operations of its Cruise vehicles by the end of the year, following a suspension due to a regulatory issue. CEO Mary Barra emphasized the focus on safety and efficient investment in autonomy. GM's Cruise unit reported a reduced operating loss and is shifting focus to the Chevrolet Bolt for autonomous operations.

Portfolio Pulse from Anan Ashraf

October 23, 2024 | 7:47 am

SNYR

Synergy CHC has announced a $10.35 million initial public offering, pricing 1.15 million common shares at $9 each. The company expects net proceeds of $8.4 million, or $9.9 million if underwriters fully exercise their option. Funds will be used to repay related party promissory notes and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 6:19 am

ROLR

High Roller Technologies is set to launch a $10M IPO, offering 1.25M shares at $8 each, trading under the ticker 'ROLR' on NYSE American starting October 23, 2024. The proceeds will fund user acquisition, market expansion, new brand launches, and working capital.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 6:13 am

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PRQR

ProQR has successfully raised $75 million through a public offering and a private placement with strategic partner Eli Lilly. This funding is expected to support ProQR's ongoing research and development efforts.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 6:09 am

TSLA

Elon Musk revealed that Tesla and SpaceX began manufacturing in California due to his residence there, despite higher costs and not because of state support. Musk criticized California's policies, leading to Tesla's headquarters moving to Texas. Competitors like Boeing and Lockheed Martin have relocated manufacturing to lower-cost states.

Portfolio Pulse from Anan Ashraf

October 23, 2024 | 6:07 am

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VZ

U.S. stocks had a mixed performance as investors focused on earnings reports. General Motors and Philip Morris reported strong results, while Verizon's shares fell after its earnings report. The Fear & Greed Index remains in the 'Greed' zone. Investors are awaiting earnings from AT&T, Boeing, and Tesla.

Portfolio Pulse from Avi Kapoor

October 23, 2024 | 5:42 am

MSTR

Popcat (POPCAT), a Solana-based meme coin, defied the declining trend in the meme coin market, achieving a 5.63% rise in 24 hours and a year-to-date gain of 15344%. This contrasts with Dogecoin and Shiba Inu, which saw declines. Popcat's success highlights significant demand and interest in Solana-based meme coins.

Portfolio Pulse from Aniket Verma

October 23, 2024 | 5:36 am

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TXN

U.S. stock futures are trading lower, with key stocks to watch including AT&T, Texas Instruments, Boeing, Starbucks, and Tesla. AT&T is expected to report earnings, Texas Instruments reported strong Q3 results but weak Q4 guidance, Boeing is expected to post a loss, Starbucks reported weak preliminary results, and Tesla is set to report earnings.

Portfolio Pulse from Avi Kapoor

October 23, 2024 | 5:33 am

TSLA

Tesla's recent Bitcoin wallet activity is a reallocation rather than a sell-off, according to Arkham Intelligence. The company moved 11,509 BTC, worth $771.8 million, across several wallets, sparking speculation about potential custodial movements.

Portfolio Pulse from Aniket Verma

October 23, 2024 | 4:59 am

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ULCC

Spirit Airlines' stock surged over 16% in after-hours trading following reports of renewed merger interest from Frontier Group Holdings. The potential merger discussions are in early stages and may coincide with Spirit's bankruptcy restructuring. Spirit has been under financial strain, especially after a failed merger with JetBlue.

Portfolio Pulse from Benzinga Neuro

October 23, 2024 | 3:11 am