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EWU

The U.K. Gross Domestic Product (GDP) for April remained flat at 0.0%, matching the estimated value and showing no growth compared to the previous month's 0.4% increase.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:08 am

COIN

Ethereum co-creator Vitalik Buterin congratulated the layer-2 protocol Op Mainnet on a significant technological upgrade, marking its progress towards decentralization. This development is part of a broader trend in Ethereum scaling solutions, which have seen substantial growth and adoption.

Portfolio Pulse from Aniket Verma

June 12, 2024 | 5:28 am

GOOG

GOOGL

A Google engineer, François Chollet, criticized OpenAI for hindering AGI research progress by 5-10 years due to their focus on Large Language Models (LLMs) and the closing down of frontier research publishing. Chollet's comments were made during a conversation with podcaster Dwarkesh Patel.

Portfolio Pulse from Ananya Gairola

June 12, 2024 | 5:21 am

AMZN

FTXL

SSG

Amazon.com Inc. (NASDAQ:AMZN) plans to invest billions in Taiwan over the next 15 years to establish AWS data centers, expanding its cloud infrastructure in Asia. This move aligns with the growing demand for cloud services in the region and follows significant investments in Singapore and Japan. However, geopolitical tensions between Taiwan and China pose potential risks.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 5:16 am

FXI

China's Producer Price Index (PPI) for May decreased by 1.4% year-over-year, which is slightly better than the estimated -1.5% and an improvement from the previous -2.5%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:01 am

FXI

China's Consumer Price Index (CPI) for May came in at 0.3% year-over-year, below the estimated 0.4% and matching the prior month's 0.3%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:00 am

FXI

China's Consumer Price Index (CPI) for May decreased by 0.1% month-over-month, missing the estimated 0.0% and down from the previous 0.1%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:00 am

BTCUSD

ETHUSD

Economist Peter Schiff has raised concerns about Bitcoin's market stability due to the reliance on institutional ETF buyers. He argues that this could lead to increased market instability as ETF buyers are future sellers, unlike spot buyers who hold Bitcoin long-term. Schiff's views have been challenged by others who argue that ETF buyers are not typically day-traders.

Portfolio Pulse from Aniket Verma

June 12, 2024 | 4:16 am

LLY

NVDA

NVO

Jim Cramer has expressed strong confidence in Eli Lilly (NYSE: LLY), citing its diverse drug portfolio and recent FDA advisory panel endorsement of its Alzheimer's drug, donanemab. Cramer believes this could propel the company's valuation to a trillion dollars. The FDA panel's recommendation is seen as a positive step towards full approval, boosting investor sentiment.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 3:52 am

AAPL

Apple Inc (NASDAQ:AAPL) is expected to see a significant revenue surge driven by its AI capabilities, according to tech analyst Gene Munster. Munster predicts a 10% revenue growth by 2025, surpassing current estimates. Apple's AI advancements, highlighted at the Worldwide Developers Conference 2024, are anticipated to enhance device value and customer experience, potentially leading to further growth.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 3:32 am