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MCD

McDonald's has closed its stores in Sri Lanka following the termination of its partnership with a local partner, as reported by Reuters. The closure was confirmed by a lawyer representing the U.S. company.

Portfolio Pulse from Charles Gross

March 24, 2024 | 1:49 pm

DWAC

Former President Donald Trump is considering selling his stock in Digital World Acquisition Corp. (NASDAQ:DWAC) to pay over $450 million in legal bills. DWAC's stock plummeted nearly 14% after news of a merger to take Truth Social's parent company, Trump Media & Technology Group (TMTG), public. Trump, holding a 58% stake in TMTG, faces restrictions on selling his shares for six months, though this may change with the new board, including his son. TMTG's co-founders are suing Trump, adding to the company's challenges as it prepares to trade under the ticker DJT.

Portfolio Pulse from Bibhu Pattnaik

March 24, 2024 | 1:46 pm

TSLA

This week in politics and business saw significant events including Stephanie Grisham's prediction on Trump's reaction to potential property seizures by Letitia James, Mark Cuban's support for Joe Biden, Elon Musk's critique of Jimmy Kimmel, Musk's disapproval of a fine against Trump, and Jared Kushner's $500M Serbian real estate venture. Notably, Elon Musk took a stand against Jimmy Kimmel's humor and voiced his disapproval of a fine imposed on Donald Trump.

Portfolio Pulse from Benzinga Neuro

March 24, 2024 | 7:48 am

AAPL

GOOG

GOOGL

MSFT

NVDA

This week in AI saw Nvidia unveiling a new superchip, Elon Musk criticizing the Microsoft-OpenAI alliance, Apple making strides in AI research, and speculation about a potential Nvidia stock split. Additionally, a potential collaboration between Apple and Google on the Gemini AI model was discussed.

Portfolio Pulse from Benzinga Neuro

March 24, 2024 | 6:58 am

BTCUSD

SHIBUSD

This week in cryptocurrency saw meme coins like Book Of Meme outperform Shiba Inu, major cryptocurrencies including Bitcoin experience significant price drops, and notable figures like Robert Kiyosaki advising investment in Bitcoin and gold over stocks and bonds due to China's economic instability. Binance's announcement to list Book Of Meme boosted its performance, while over $650 million in cryptocurrencies were liquidated following a sharp market sell-off. Predictions from 10x Research about a Bitcoin dip came true, and Peter Schiff criticized CNBC for biased reporting on Bitcoin's performance.

Portfolio Pulse from Benzinga Neuro

March 24, 2024 | 6:53 am

ASHR

BABA

FXI

TCEHY

Treasury Secretary Janet Yellen is scheduled for a second visit to China to engage on key economic issues amid ongoing tensions. The visit aims to address trade relations, currency policies, and intellectual property rights. Meetings with Chinese President Xi Jinping and Vice Premier Liu He are expected. This diplomatic effort highlights the importance of U.S.-China relations, with potential impacts on China-related stocks and ETFs like Alibaba (BABA), Tencent (TCEHY), iShares China Large-Cap ETF (FXI), and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR).

Portfolio Pulse from Bibhu Pattnaik

March 23, 2024 | 9:07 pm

INTC

NVDA

TSLA

TSM

Benzinga's analysis highlights market optimism due to the Federal Reserve's interest rate stance and features bullish and bearish perspectives on stocks like Tesla, Nvidia, and companies like Taiwan Semiconductor and Intel. It also notes a surge in Shiba Inu interest and critiques on Bitcoin's promotion and future.

Portfolio Pulse from Michael Cohen

March 23, 2024 | 8:12 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a 103.45% increase in token burns, with 34,681,610 SHIB tokens removed from circulation, indicating a community-driven effort to enhance its value. Despite market downturns, SHIB's price is recovering, with optimism for a new all-time high around the Bitcoin halving event.

Portfolio Pulse from Bibhu Pattnaik

March 23, 2024 | 6:10 pm

BNGE

DIS

Walt Disney Company (NYSE:DIS) has responded to activist investor Nelson Peltz's criticism of its focus on diversity in films, stating his views make him unfit for Disney's board. Peltz, in a battle for board seats via his Trian Partners fund, criticized Disney's emphasis on films with female and Black leads, specifically mentioning 'The Marvels' and 'Black Panther'. Disney defended its creative direction, highlighting the success of Marvel Studios. The dispute comes as Disney's annual meeting approaches, with Peltz seeking board seats. Disney stock has risen over 20% in the past year, with exposure available through ETFs like AdvisorShares Gerber Kawasaki ETF (NYSE:GK) and First Trust S-Network Streaming And Gaming ETF (NYSE:BNGE).

Portfolio Pulse from Nabaparna Bhattacharya

March 23, 2024 | 5:46 pm

GDX

NEM

RING

Newmont Corporation (NYSE:NEM) is selling its Akyem gold mine in Ghana, targeting $2 billion, with interest from Chinese companies and others. Citigroup, Inc. (NYSE:C) is managing the sale. The move is part of Newmont's strategy to generate cash through divestitures following its acquisition of Newcrest Mining Ltd., aiming to offload six non-core assets to reduce debt and improve financials. NEM stock has declined over the past year, but investors can also gain exposure through ETFs like iShares MSCI Global Gold Miners ETF (NASDAQ:RING) and VanEck Gold Miners ETF (NYSE:GDX).

Portfolio Pulse from Nabaparna Bhattacharya

March 23, 2024 | 4:50 pm