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The Biden administration is attempting to block a $14.1 billion acquisition of U.S. Steel by Nippon Steel, citing national security concerns. The Committee on Foreign Investment has delayed its recommendation, and the deal faces mixed views from stakeholders. U.S. Steel's stock has seen a recent surge despite being down for the year.

Portfolio Pulse from Kaustubh Bagalkote

September 12, 2024 | 4:16 am

MSTR

Anthony Scaramucci, founder of SkyBridge Capital, expressed gratitude to MicroStrategy's Michael Saylor for writing the foreword to his new book on Bitcoin. Scaramucci recently predicted Bitcoin could reach $150,000-$200,000. MicroStrategy, led by Saylor, holds over $13 billion in Bitcoin, with a strategy that has outperformed the S&P 500.

Portfolio Pulse from Aniket Verma

September 12, 2024 | 3:58 am

COIN

PLTR

Cathie Wood's Ark Invest made significant trades, buying $8.4M worth of Coinbase shares and selling $6.4M worth of Palantir shares. The Coinbase purchase follows a partial legal victory, while the Palantir sale comes despite its S&P 500 inclusion.

Portfolio Pulse from Benzinga Neuro

September 12, 2024 | 3:42 am

BTCUSD

Argentina's President Javier Milei successfully blocked a pension spending increase, maintaining his fiscal surplus strategy. His pro-Bitcoin stance aligns with his libertarian policies, despite facing protests over austerity measures.

Portfolio Pulse from Aniket Verma

September 12, 2024 | 3:33 am

AAPL

MSFT

NVDA

OpenAI is reportedly in talks to raise $6.5 billion in equity financing, potentially increasing its valuation to $150 billion. Thrive Capital is expected to lead the round, with potential investments from Microsoft, Apple, and Nvidia. Microsoft has already invested $13 billion in OpenAI, facing EU antitrust scrutiny. OpenAI is also negotiating a $5 billion credit line to support computing power and operational expenses.

Portfolio Pulse from Ananya Gairola

September 12, 2024 | 3:33 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, showed little change as higher-than-expected inflation data dampened hopes for aggressive rate cuts. Bitcoin briefly fell below $56,000 but recovered to nearly $58,000. Analysts suggest it's a good time to accumulate Bitcoin.

Portfolio Pulse from Aniket Verma

September 12, 2024 | 2:10 am

AAPL

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FRGE

GOOG

GOOGL

META

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TSLA

The article discusses the 'Private Magnificent 7,' a group of U.S. unicorn startups identified by Forge Global Holdings, which have shown significant growth and resilience. These companies include SpaceX, OpenAI, Stripe, Databricks, Fanatics, Scale AI, and Rippling, collectively valued at $382 billion. Despite being smaller in valuation compared to the public Magnificent 7, these private companies have outperformed them in price performance over the past year.

Portfolio Pulse from Michael Juliano

September 11, 2024 | 11:07 pm

AEP

CEG

NEE

NRG

PEG

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XLK

XLU

The utilities sector has become the top-performing sector within the S&P 500 in 2024, with the Utilities Select Sector SPDR Fund (XLU) surging 22% year-to-date. This outperformance is driven by rising demand for AI-driven data centers and a shift towards defensive assets amid macroeconomic volatility. Top-performing utility stocks include Vistra Corp., Constellation Energy, and NRG Energy.

Portfolio Pulse from Piero Cingari

September 11, 2024 | 10:33 pm

MGM

The presidential debate between Kamala Harris and Donald Trump has shifted betting odds for the 2024 election. Harris is now favored at -125 odds, boosted by Taylor Swift's endorsement, while Trump is at +100. BetMGM lists Trump as the favorite at -135. Prediction market Polymarket shows a close race with Trump at 50% and Harris at 48.5%.

Portfolio Pulse from Chris Katje

September 11, 2024 | 10:26 pm

AAPL

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XIACY

Apple Inc. (NASDAQ:AAPL) is losing market share in China, dropping to sixth place in the smartphone market as local brands like Vivo, OPPO, HONOR, Huawei, and Xiaomi gain ground. The lack of AI integration and inventory issues are challenges for Apple, while local brands benefit from strong supply chains and AI advancements.

Portfolio Pulse from Anusuya Lahiri

September 11, 2024 | 9:37 pm