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TCEHY

ByteDance, the parent company of TikTok, is in discussions to sell its gaming assets, including its gaming unit Nuverse and games 'Crystal of Atland' and 'Earth: Revival', to Tencent Holdings Ltd (OTC:TCEHY). The talks follow ByteDance's decision to exit the gaming market and focus on other strategic areas. Tencent has previously advertised its game 'DreamStar' through ByteDance's ad network, indicating a warming relationship between the two companies.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 6:26 am

LMT

The residence of the late former Prime Minister Kakuei Tanaka in Tokyo was damaged by fire. No injuries were reported. The fire started while his daughter, former Foreign Minister Makiko Tanaka, was lighting incense sticks. The residence is known for the Lockheed bribery scandal from the 1970s, where Lockheed Aircraft Corp. paid bribes to Japanese officials, including Tanaka. Lockheed Corporation, now Lockheed Martin Corp (NYSE:LMT), was involved in the scandal.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 6:19 am

AAPL

Apple Inc. (AAPL) is set to release its Vision Pro mixed-reality headset on February 2, with pre-orders starting January 19. Analyst Ming-Chi Kuo suggests that while initial sales are expected to be strong due to Apple's core fanbase, the long-term success of the product will depend on clear product positioning and key applications. Kuo warns that a slow start could negatively impact Apple's short-term stock price but also notes the product's superior specifications and software. The market's response to Vision Pro will be critical for Apple's future model decisions.

Portfolio Pulse from Ananya Gairola

January 09, 2024 | 5:38 am

BBJP

DXJ

EWJ

Japan's Tokyo Core Consumer Price Index (CPI) for November came in at 2.1%, aligning with estimates and showing a slight decrease from the previous 2.3%. This data is a key indicator of inflation in Tokyo and can influence investor sentiment regarding Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:17 am

ETH

SOL

The Solana-based meme cryptocurrency Bonk (BONK) has surged 30% in the past 24 hours, outperforming other meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE). The market is optimistic about a potential Bitcoin ETF approval, which has contributed to a broader market recovery. Solana (SOL) has seen increased on-chain trading volumes and network fees, surpassing Ethereum (ETH). Crypto exchange OKX plans to list BONK and Jito (JTO) on January 8, 2024.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 4:39 am

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ: TSLA), refuted claims that former director Linda Johnson Rice left the company due to his drug use. Musk stated that Johnson simply completed her term. The allegations of Musk's drug use, including substances like ketamine, LSD, cocaine, and ecstasy, were not investigated by the board. Musk also mentioned that he had undergone three years of random drug testing for NASA with no issues. He criticized the media outlet reporting these allegations.

Portfolio Pulse from Anan Ashraf

January 09, 2024 | 4:37 am

BTCUSD

ETHUSD

Bitcoin's surge past $46,000 led to over $160M in short position liquidations, with the Fear & Greed Index indicating 'Extreme Greed'. Ethereum shorts also faced significant losses. Analyst Jamie Coutts suggests Bitcoin's fundamentals, including network activity, support its value despite being below peak levels. The SEC warns against FOMO-driven investments ahead of an anticipated ETF approval.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 4:29 am

AKR

Acadia Realty Trust (NYSE:AKR) has priced an underwritten offering of 6.9 million shares at $16.75 each, including an option for underwriters to purchase an additional 900,000 shares. The offering is set to close on January 11, 2024. The proceeds will be used for general corporate purposes such as funding acquisitions, repaying debt, and working capital. J.P. Morgan and BofA Securities are the underwriters for the offering.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:02 am

BLK

FNF

Former SEC Chair Jay Clayton believes that the approval of a spot Bitcoin ETF by the SEC is inevitable, citing improved market dynamics and satisfactory disclosures from companies like BlackRock and Fidelity. Bloomberg ETF analyst James Seyffart predicts a 90% chance of approval by Jan. 10, which could significantly impact the cryptocurrency industry by allowing traditional investors to gain Bitcoin exposure.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 3:25 am

CSCO

HPE

JNPR

Hewlett Packard Enterprise Co (NYSE:HPE) is in advanced talks to acquire Juniper Networks, Inc. (NYSE:JNPR) for about $13 billion, which has led to a surge in Juniper's stock price. The acquisition could strengthen HPE's position against Cisco Systems Inc (NASDAQ:CSCO) in the networking equipment market. Juniper's stock had fallen by about 8% in 2023, but saw a 20% increase in November and December after reaching a 52-week low in October.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 3:17 am