Streetbeat News

Regulatory

MATIC-USD

CFTC Chair Rostin Behnam has called on Congress to regulate cryptocurrency and election betting, highlighting the challenges faced by the CFTC in managing election-related event contracts. Platforms like Polymarket and Kalshi are at the center of this issue, with Kalshi resuming operations after a court ruling and Polymarket facing penalties and restrictions.

Portfolio Pulse from Aniket Verma

October 22, 2024 | 4:04 am

XRPUSD

Ripple's CEO, Brad Garlinghouse, defends co-founder Chris Larsen's $10 million XRP donation to Kamala Harris, emphasizing the importance of bipartisan support for pro-crypto policies. The donation has sparked comments from crypto analyst Ali Martinez, highlighting the ongoing legal battle over XRP's security status.

Portfolio Pulse from Aniket Verma

October 22, 2024 | 3:03 am

AMZN

MSFT

NVDA

ORCL

SAP

SAP SE is emerging as a key player in the AI sector, alongside NVIDIA and Microsoft, as it transitions to cloud-based services. Despite exceeding earnings expectations, SAP faces a DOJ investigation over alleged overcharging. The stock saw a 3.54% rise in after-hours trading.

Portfolio Pulse from Kaustubh Bagalkote

October 22, 2024 | 2:50 am

ZCAR

Trading has been halted for an unspecified security at 7:50:00 p.m. ET due to pending news. The halt indicates that significant information is expected to be released, which could impact the security's price.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:50 pm

SPY

The Federal Reserve, represented by Daly, stated that it does not currently use AI in its policy work. Instead, the Fed is focusing on understanding how AI is being used by others and its potential impact on the economy.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:25 pm

SIVBQ

San Francisco Fed President Mary Daly highlighted the oversight of concentration risk in Silicon Valley Bank's client network at the 2024 WSJ Tech Live event.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:24 pm

DEM

WisdomTree Asset Management Inc. has been fined $4 million by the SEC for compliance failures related to ESG funds. The firm invested in fossil fuels and tobacco, contradicting its ESG-marketed ETFs' prospectuses. WisdomTree has since liquidated the funds.

Portfolio Pulse from Erica Kollmann

October 21, 2024 | 10:57 pm

LLAP

LMT

Lockheed Martin is set to report its Q3 financial results, with expectations of $6.50 EPS and $17.351 billion in revenue. Investors are keen on updates regarding the acquisition of Terran Orbital and recent contracts. The company may benefit from relaxed export restrictions on space items. Analyst Charles Minervino raised the price target for Lockheed Martin to $705.

Portfolio Pulse from Erica Kollmann

October 21, 2024 | 10:14 pm

VSAC

Trading for VSAC was halted and has now resumed. The halt was updated at 5:05 PM ET, indicating a temporary pause in trading activities. This could be due to pending news or other significant events related to the company.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 9:05 pm

JBDI

JBDI Holdings shares rose after the company announced it regained compliance with Nasdaq listing rules.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:35 pm