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AER

AL

BA

The aviation finance community is meeting in Dublin to discuss the impact of the Boeing 737 MAX 9 safety crisis on the $150 billion jet industry. This follows a recent in-flight incident with an Alaska Airlines 737 MAX 9, which led to an emergency landing due to a door plug blowout. The Federal Aviation Administration has halted any increase in 737 MAX production until Boeing addresses quality control issues. This could slow production, benefit leasing companies with increased returns, and raise lease rates for airlines. Key industry players like AerCap, SMBC Aviation Capital, Air Lease, and Avolon are in focus as the situation develops.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 4:55 am

TSLA

Tesla Inc (NASDAQ:TSLA) has launched a tour in China to showcase its Cybertruck, starting in eight major cities. The tour began over the weekend and features eight Cybertrucks displayed simultaneously. Although the Cybertruck is not yet on sale in China, Tesla is considering displaying prototypes despite potential regulatory challenges. Tesla has started U.S. deliveries and plans to ramp up production, aiming for 250,000 deliveries by 2025 with a current production capacity of 125,000 units.

Portfolio Pulse from Anan Ashraf

January 29, 2024 | 3:19 am

EGRNQ

EVGRF

China Evergrande (OTC:EGRNQ) shares were halted following a Hong Kong court's liquidation order due to the company's massive $300 billion debt. The liquidation marks a significant event for China's financial markets, already facing economic slowdowns and a struggling property sector. Earlier, Evergrande's EV unit, China Evergrande New Energy Vehicle Group Ltd (OTC:EVGRF), saw a 23% drop in shares after the arrest of an executive director.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 3:12 am

FBTC

IBIT

Bitcoin showed a steady upward trend over the weekend, with inflows into Bitcoin ETFs like BlackRock's iShares Bitcoin Trust (IBIT) surpassing $2 billion in AUM. Google is set to allow Bitcoin ETF ads, potentially increasing exposure. Analysts predict Bitcoin could reach $300,000-$500,000 in the future, while Ethereum may face a correction below $1,000. U.S. stock futures declined ahead of tech earnings reports and the Federal Reserve's rate policy decision.

Portfolio Pulse from Mehab Qureshi

January 29, 2024 | 3:03 am

AAPL

Apple Inc. (NASDAQ:AAPL) has released a TV spot for its new mixed-reality headset, Vision Pro, on YouTube, highlighting its features and versatility. The ad comes ahead of the product's release on Feb. 2. Pre-order numbers for the Vision Pro have exceeded expectations, with analysts noting strong initial sales but cautioning that demand may decrease post-launch. High-profile individuals, including Elon Musk, have shown interest in the headset.

Portfolio Pulse from Ananya Gairola

January 29, 2024 | 1:55 am

ADM

Archer-Daniels-Midland Co (ADM) has postponed executive performance bonuses due to an ongoing investigation into its accounting practices, particularly in the nutrition segment. The delay follows the sidelining of the CFO and a significant drop in ADM shares by 24%, the largest since 1929. The full-year 2023 financial results release has also been delayed, with the SEC requesting information on the Nutrition reporting segment and intersegment transactions.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 1:52 am

ADM

ADM (Archer Daniels Midland Co) has delayed certain executive bonuses due to an ongoing accounting investigation. The nature of the accounting issues and the potential financial impact have not been disclosed. This postponement reflects the company's commitment to financial integrity and could affect investor confidence until the investigation is resolved.

Portfolio Pulse from Charles Gross

January 29, 2024 | 1:09 am

BA

EADSY

UAL

United Airlines CEO Scott Kirby has initiated discussions with Airbus to potentially purchase more A321neo jets. This move comes as a result of delays in the delivery of Boeing's 737 Max 10 aircraft. Kirby's approach to Airbus indicates a possible shift in United's procurement strategy due to the uncertainty surrounding the Boeing 737 Max 10's certification and delivery timeline.

Portfolio Pulse from Charles Gross

January 28, 2024 | 8:35 pm

AMZN

TGT

VCR

WMT

XLY

A ProPublica investigation has revealed that Walmart Inc. (NYSE: WMT) is implicated in a fraud network involving gift cards and money laundering, with losses exceeding $1 billion from 2013 to 2022 according to the FTC. Despite Walmart's efforts to dismiss a lawsuit alleging negligence in preventing fraud, the company's financial services are under scrutiny for lack of effective anti-fraud measures. The case of Qinbin Chen, who laundered $7 million in Walmart gift cards, highlights the issue. Walmart's expansion into financial services, including the acquisition of One, raises concerns about its ability to manage these services amidst compliance issues. The situation may also impact related companies like Amazon.com Inc. (NASDAQ: AMZN) and Target Corporation (NYSE: TGT), as well as ETFs like XLY and VCR.

Portfolio Pulse from Bibhu Pattnaik

January 28, 2024 | 7:17 pm

AS

SUBL

Amer Sports, Inc (NYSE:AS) and BIOLINGUS (CAYMAN) LIMITED (NASDAQ:SUBL) are set to go public on Feb. 1, 2024, and Jan. 31, 2024, respectively. Amer Sports will offer 100 million shares at $17.00 each, while BIOLINGUS will offer 360,000 shares at $15.50 each. Both companies have a 180-day insider lock-up period post-IPO.

Portfolio Pulse from Benzinga Insights

January 28, 2024 | 5:03 pm