Category: News

Endorsements or commentary by key business leaders can affect undecided voters’ choices in the 2024 presidential election. Here’s a look at which business leader could have the biggest influence on the 2024 election. What Happened: A new Benzinga reader poll shows that Tesla CEO Elon Musk’s endorsement of Donald Trump in the 2024 election might have had the biggest…

A potential Donald Trump win in the November election would be more bullish for Bitcoin, a new Standard Chartered report predicts. What Happened: In a report released on Thursday, the investment bank predicted that Bitcoin could hit new all-time highs by the end of 2024, regardless of the outcome of the U.S. presidential election in…

Electric vehicle (EV) sales continue to rise globally, but the limited infrastructure may slow further expansion, according to Stephanie Link, chief investment strategist at Hightower Advisors. Speaking at the Benzinga AutoRevolution: The Future of Mobility and EVs event, Link stressed that improving the U.S. power grid is crucial to supporting the ongoing growth in the…

Trade and geopolitical tensions are weighing on the global EV market. On Monday, Reuters reported that Canadian Prime Minister Justin Trudeau announced that Canada would impose a 100% tariff on Chinese electric vehicle imports. In addition, Ottawa will levy a 25% tariff on imported steel and aluminum from China. These moves align Canada with similar…

Advanced Micro Devices, Inc (NASDAQ:AMD) doled discounts to spur demand for its Ryzen desktop processors, leading to lackluster reviews. The Nvidia Corp (NASDAQ:NVDA) rival launched its Ryzen 9 9900X and 9950X in mid-August, offering improved versions of their predecessors with lower power consumption and competitive pricing, Forbes reports. The new 9000-series CPUs with their Zen…

Defiance ETFs has launched MSTX, the first single-stock leveraged ETF for MicroStrategy (NASDAQ:MSTR) in the United States. What Happened: The fund, which began trading on Aug. 15, aims to provide investors with 175% daily targeted exposure to MicroStrategy’s stock performance. MicroStrategy, a business intelligence firm, has gained prominence in recent years for its substantial Bitcoin…

Nvidia Corp (NASDAQ:NVDA) stock rebounded after weeks of volatility, making its valuation more attractive to the shareholders. The recent selloff brought Nvidia’s valuation down to attractive levels. The stock now trades at about 36 times forward earnings, compared to 44 times in June. Over the past four sessions, Nvidia’s shares have surged by 17%, adding…

Jeff Dorman, Chief Investment Officer at Arca, analyzed the actors he sees as drivers of the current market crash, suggesting there are more reasons to buy than sell. What Happened: Dorman lists six factors: Macroeconomic signals Crypto market maker Jump selling ETF flows Kamala Harris‘s rising poll numbers Middle East tensions Supply issues. What new…

As gold (NYSE:GOLD) prices trade near record heights fueled by expectations of a potential Federal Reserve rate cut, the precious metal’s performance could be a harbinger for Bitcoin (CRYPTO: BTC), often referred to as “digital gold.” What Happened: While the Federal Reserve maintained a cautious stance on interest rate adjustments in its latest statement, Chair…

Nancy Pelosi remains one of the most followed members of Congress when it comes to the disclosure of stock and options trades. The former House speaker disclosed the purchase of more NVIDIA Corporation (NASDAQ:NVDA) shares this week. What Happened: Pelosi disclosed two stock trading positions during the week, with the purchase of additional Nvidia shares…