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Boeing Co. (NYSE:BA) faces further delays in resuming 737 Max jet deliveries to China after an incident involving an Alaska Airlines aircraft, which led China Southern Airlines to conduct additional safety inspections. The delay adds to the challenges Boeing has been facing in China, where deliveries have been halted since two fatal crashes of the 737 MAX 8. The Chinese market is significant for Boeing, expected to account for 20% of global airplane deliveries over the next two decades. The recent incident with Alaska Airlines' MAX 9 has increased uncertainty around the timing of deliveries to China.

Portfolio Pulse from Benzinga Neuro

January 15, 2024 | 7:38 am

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A long-inactive Ethereum address transferred 2000 ETH after 8.5 years, coinciding with growing speculation about an ETH ETF. The reactivated wallet's ETH was originally purchased for $0.42 to $1.39, and with ETH's current price at $2,511, the value has soared. BlackRock CEO Larry Fink expressed support for an Ethereum ETF, and venture capitalist Vance Spencer predicted key blockchain milestones, including an ETH ETF and increased institutional adoption. However, TD Cowen anticipates SEC delays in Ethereum ETF decisions until at least May.

Portfolio Pulse from Mehab Qureshi

January 15, 2024 | 7:05 am

BIDU

Baidu Inc's (NASDAQ:BIDU) stock experienced its largest drop since 2022 following a report by the South China Morning Post that linked its AI platform, Ernie, to the People's Liberation Army's AI platform. The report has raised concerns about potential sanctions from the US, which could impact Baidu's business. Despite the popularity of Ernie, Baidu faces intense competition in the AI space, and the military allegations add to the company's challenges.

Portfolio Pulse from Benzinga Neuro

January 15, 2024 | 6:57 am

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The IMF warns that AI could influence 40% of global jobs, with advanced economies facing up to 60% of jobs affected. This could worsen income inequality and social tensions. Companies like Buzzfeed Inc are investing in AI, raising job security concerns. The EU is progressing with AI legislation, while the US is still deciding on regulations. Tech giants like Microsoft, Alphabet, and Meta are focusing on AI and cost control, despite business growth.

Portfolio Pulse from Benzinga Neuro

January 15, 2024 | 6:22 am

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ: TSLA), has tempered expectations regarding the Cybertruck's rollout in China, suggesting that while prototypes could be shipped for display, obtaining road legality for the stainless steel vehicle in China would be very difficult. This comes despite significant interest in the Cybertruck among Chinese consumers, with a group of nearly 500 members with preorders expressing excitement at the prospect of seeing the vehicle. The Cybertruck is currently only available in the U.S. market, with deliveries starting in late November. Additionally, Tesla's chief engineer has indicated that the Cybertruck would face challenges in getting approval in Europe due to safety rules aimed at pedestrian protection.

Portfolio Pulse from Anan Ashraf

January 15, 2024 | 4:17 am

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The Crypto Fear and Greed Index has shifted to 'neutral' for Bitcoin sentiment, scoring 52 out of 100, after a brief period of 'extreme greed' following the U.S. approval of spot Bitcoin ETFs. The index, which analyzes various market metrics, reflects a cooling of enthusiasm since October 2023. In the past 24 hours, $116.62 million in trader liquidations occurred, with significant losses in cryptocurrency long positions, including $19 million in Bitcoin and over $20 million in Ethereum. Bitcoin's price spiked to $49,000 post-ETF approval but has since retreated, trading at $42,544, down 0.41%.

Portfolio Pulse from Mehab Qureshi

January 15, 2024 | 4:08 am

Ford Motor Company (NYSE:F) is expected to excel in 2024 by focusing on profitable hybrids and improving quality control. Ford's hybrid sales grew significantly in Q4 2023, outpacing EV sales. Jim Cramer supports Ford's hybrid strategy, suggesting resource allocation to this area. Analysts from Morgan Stanley and Wells Fargo see potential for Ford amid a challenging auto industry by strategic capital allocation and product focus. Ford plans to reduce all-electric Lightning production and address high warranty costs due to recalls and inflation.

Portfolio Pulse from Benzinga Neuro

January 15, 2024 | 3:33 am

GBTC

Anthony Scaramucci, founder of SkyBridge Capital and former White House Communications Director, attributed the recent decline in Bitcoin's price to a sell-off in Grayscale Bitcoin Trust (GBTC) shares and the liquidation by the bankruptcy estate of FTX. Despite the launch of Bitcoin ETFs in the U.S., which initially drove Bitcoin's price up, GBTC shares fell by 5.2% on Friday. Scaramucci expects the excess supply to level out soon and anticipates increased marketing activities for Bitcoin ETFs after the end of a 'quiet period' on Wall Street.

Portfolio Pulse from Mehab Qureshi

January 15, 2024 | 3:16 am

TSLA

Tesla CEO Elon Musk has responded to concerns about the Cybertruck's performance in snow, stating 'Tesla is excellent in snow.' This comes after videos surfaced online showing the Cybertruck struggling in snowy conditions. Gene Munster from Deepwater Asset Management commented on CNBC that he believes Tesla will resolve the issue, suggesting that a software update or tire tweak might be necessary for the Cybertruck to succeed in snowy regions. Tesla aims to deliver 250,000 Cybertrucks annually.

Portfolio Pulse from Anan Ashraf

January 15, 2024 | 3:05 am

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Cryptocurrencies Bitcoin, Ethereum, and Dogecoin saw a decline after the initial excitement over Bitcoin ETFs faded. Bitcoin had spiked to $49,000 but later dropped, while Ethereum and Dogecoin also experienced decreases. The global cryptocurrency market cap increased slightly. U.S. stocks had a mixed performance, with the S&P 500 and Nasdaq Composite seeing marginal gains. The market is closed on Monday for Martin Luther King Day. Analysts suggest Bitcoin may consolidate, and altcoins could flourish, with Ethereum potentially becoming the next asset on a spot market ETF.

Portfolio Pulse from Mehab Qureshi

January 15, 2024 | 2:41 am