Streetbeat News

Regulatory

ENSV

Enservco shares are trading lower after the company announced that the staff of NYSE Regulation has determined to commence proceedings to delist its common stock.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 3:31 pm

BTI

XXII

The U.S. FDA and the Justice Department have announced the formation of a federal multi-agency task force aimed at curbing the distribution and sale of illegal e-cigarettes.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 3:27 pm

GELYY

VLVCY

VLVOF

Volvo Car AB is shifting its electric vehicle production from China to Belgium due to potential EU tariffs on China-manufactured EVs. The move affects the EX30 and EX90 models and some U.K.-bound models. The EU is expected to announce provisional tariffs soon, which could increase import duties above the current 10% level.

Portfolio Pulse from Shivani Kumaresan

June 10, 2024 | 3:22 pm

SIFY

Sify Technologies Limited (NASDAQ:SIFY) shares dropped by 24% to $0.63 after announcing the voluntary delisting date of its ADS rights from Nasdaq. The ADS rights, trading under SIFYR, will be delisted on June 18, with the rights expiring on June 21. The company will not seek listing on another exchange and plans to file a Form 25 for the delisting.

Portfolio Pulse from Henry Khederian

June 10, 2024 | 3:22 pm

BRPHF

CORZ

ETHUSD

HOOD

A new research report highlights the growing mainstream adoption of digital assets, driven by regulatory advancements and strategic industry moves. Key players like Galaxy Digital Holdings and Core Scientific are well-positioned to benefit from this trend.

Portfolio Pulse from Murtuza Merchant

June 10, 2024 | 3:20 pm

AGRI

AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) shares surged 13.5% on Monday following the announcement of a new patent approval for its 'Automated Growing Systems' by the United States Patent Office. This patent covers innovative technology for moving production lines of plants or flowers within growing facilities.

Portfolio Pulse from Dylan Berman

June 10, 2024 | 3:17 pm

LUV

Elliott Investment Management criticizes Southwest Airlines' outdated strategies and poor execution, promising a 77% stock return potential if changes are made. Elliott's $1.9 billion stake and the letter to the Board of Directors have boosted investor confidence, sending the stock price higher. The letter calls for new leadership and a comprehensive business review.

Portfolio Pulse from Anusuya Lahiri

June 10, 2024 | 2:48 pm

SPY

TLT

The Federal Reserve is expected to maintain the federal funds rate at 5.25%-5.5% in June, with fewer rate cuts anticipated in the future. The market will focus on the Fed's updated economic projections. Recent economic data, including a strong May jobs report, has led to revised expectations for rate cuts. Analysts from Bank of America and Goldman Sachs have adjusted their forecasts, predicting fewer cuts in 2024 and 2025.

Portfolio Pulse from Piero Cingari

June 10, 2024 | 2:43 pm

AAPL

AMD

NVDA

VGK

NVIDIA begins trading on a split-adjusted basis, Apple WWDC event is set to start at 1:00 PM ET, and AMD falls after a ratings downgrade from Morgan Stanley. Additionally, the far-right makes gains in European Parliament elections.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 2:25 pm

ADAUSD

DOTUSD

ETHUSD

Economist Henrik Zeberg predicts a significant rise in the altcoin market, suggesting a euphoric bull run is imminent. This comes as central banks, including the ECB, cut rates to prevent a recession. The approval of Ethereum ETFs has intensified competition in the smart contract arena, potentially benefiting altcoins like Cardano and Polkadot.

Portfolio Pulse from Benzinga Neuro

June 10, 2024 | 2:18 pm