Streetbeat News

Regulatory

EIS

ISRA

SPY

USO

Israeli official announced that Israel will continue its operation in Rafah and other areas in the Gaza Strip as initially planned, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:02 pm

YTEN

Yield10 Bioscience shares surged after the company announced that its Registration Statement has not been declared effective by the SEC, confirming that no securities have been sold.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:54 pm

The White House has announced President Biden's commitment to ensuring that U.S. Steel remains under American ownership. This statement underscores the administration's focus on national security and economic stability by keeping critical industries domestically owned.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:53 pm

YTEN

Yield10 Bioscience has filed a Form RW with the SEC, indicating that its registration statement is not yet effective, and confirms that no securities have been sold according to the filing.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:44 pm

MULN

Mullen Automotive Inc (NASDAQ:MULN) announced it has been granted Foreign Trade Zone status for its Mississippi manufacturing center by the U.S. Department of Commerce, offering significant financial benefits including duty deferments and exemptions. This approval is expected to enhance Mullen's competitive position by improving cash flow and reducing operational costs. The announcement follows a series of positive developments for Mullen, including a partnership with National Auto Fleet Group and a service agreement through its subsidiary Bollinger Motors, contributing to a 19% stock rally on Wednesday.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 3:07 pm

UAL

The U.S. Office of Inspector General for the Department of Transportation will audit the FAA's oversight of United Airlines' maintenance operations, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:46 pm

ABNB

ARM

NVDA

SFTBY

ARM Holdings PLC - ADR (NASDAQ:ARM) reported Q4 earnings with a significant year-over-year revenue increase but saw a stock price drop due to earnings not meeting the high whisper numbers. The article also discusses broader market trends, including jobless claims, Bank of England's interest rate decisions, and early trade money flows in major tech stocks and ETFs. It highlights the importance of protection bands for investors and mentions The Arora Report's successful AI and market trend predictions.

Portfolio Pulse from The Arora Report

May 09, 2024 | 2:41 pm

BTC-USD

ETH-USD

Analyst Benjamin Cowen has indicated that Ethereum's (ETH) future performance is closely tied to Bitcoin's (BTC) movements, suggesting that any potential rise in ETH's value would likely result from significant gains in BTC. Cowen also highlighted the ETH/BTC pair's historical tendency to decline in most scenarios and mentioned the potential negative impact of monetary policy on Ethereum, especially concerning the rejection of a spot ETF.

Portfolio Pulse from Benzinga Neuro

May 09, 2024 | 2:29 pm

BIDU

BYDDF

FDIS

TSLA

XLY

Tesla Inc (NASDAQ:TSLA) is undergoing further job cuts in China amid challenges to regain market share in the face of stiff competition and a global slump in EV demand. The layoffs, part of a global initiative to reduce headcount by over 10%, affect various departments at Tesla's Shanghai plant. This comes as Tesla's market share in China drops to 7.5% in Q1 2024 from 10.5% the previous year, despite securing preliminary approval for its driver-assistance system in China. Tesla's stock is trading lower by 0.4% at $173.93.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 2:03 pm

MSFT

OpenAI has introduced new AI tools for detecting images generated by its DALL-E AI image generator, including an advanced image detection classifier and watermarking techniques for audio content. These developments aim to authenticate AI-generated content amidst rising concerns over misinformation, especially with upcoming elections worldwide. Microsoft Corp. (NASDAQ:MSFT), a backer of OpenAI, is involved in these advancements. The tools are designed to trace AI-generated content accurately, even after modifications, although their effectiveness varies with content from other AI models.

Portfolio Pulse from Kaustubh Bagalkote

May 09, 2024 | 2:01 pm