Streetbeat News

Regulatory

USO

The U.S. Treasury Department has imposed new sanctions on Iran's petroleum and petrochemical sectors following Iran's attack on Israel. These sanctions aim to cut off revenue for Iran's destabilizing activities. Despite the sanctions, crude oil prices remained stable, with WTI light crude slightly down.

Portfolio Pulse from Piero Cingari

October 11, 2024 | 7:59 pm

FLUT

Flutter Entertainment shares are trading lower due to a report suggesting UK ministers are considering a significant tax increase on gambling firms, potentially impacting the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 7:42 pm

FE

FirstEnergy's subsidiary, Mon Power, has received $5 million in federal funding from the U.S. Department of Energy to improve electric service reliability in rural West Virginia. This funding is part of the ERA program under the Bipartisan Infrastructure Law.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 7:42 pm

TSLA

Former President Donald Trump has announced plans to ban autonomous vehicles, which could impact Tesla's growth strategy. This comes as Tesla unveils its new Cybercab, a self-driving vehicle. Trump's stance could pose challenges for Tesla, especially if he wins the 2024 election.

Portfolio Pulse from Chris Katje

October 11, 2024 | 7:41 pm

GSK

NVAX

NVS

SNY

The California Department of Public Health (CDPH) has confirmed six human cases of bird flu in California. This development may impact companies involved in vaccine production and public health response.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 7:37 pm

XRPUSD

Ripple co-founder Chris Larsen donated $1 million in XRP to Kamala Harris' campaign, amidst Ripple's ongoing legal issues with the SEC. This donation is part of Larsen's $1.9 million total support for Harris. The campaign is also exploring cryptocurrency donations.

Portfolio Pulse from Khyathi Dalal

October 11, 2024 | 7:22 pm

BA

Boeing shares are trading higher despite a critical report from the U.S. Transportation Department's Office of Inspector General on FAA's oversight of Boeing's production. Boeing is addressing safety concerns and facing a costly strike by the International Association of Machinists and Aerospace Workers.

Portfolio Pulse from Vaishali Prayag

October 11, 2024 | 7:14 pm

GOOGL

MSFT

Microsoft is set to launch game sales within the Xbox app for Android in November, following a U.S. court ruling that opens Google's mobile store to more competition. This move is part of Microsoft's strategy to enhance its mobile gaming presence.

Portfolio Pulse from Franca Quarneti

October 11, 2024 | 6:53 pm

CRLBF

CURLF

MSOS

VRNOF

The Benzinga Cannabis Capital Conference highlighted optimism in the cannabis industry, focusing on potential federal reforms like rescheduling and the SAFE Banking Act. Key industry leaders discussed the impact of these changes on taxation and banking access, with companies like Verano, Curaleaf, and Cresco Labs positioning for growth. The conference emphasized the importance of adaptability and technological innovation in the evolving market.

Portfolio Pulse from Javier Hasse

October 11, 2024 | 6:38 pm

SPY

USO

The U.S. Treasury Department has expanded targeted sanctions on Iran's petroleum and petrochemical sectors in response to an attack on Israel. This move could impact global oil supply and prices.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 6:35 pm