Streetbeat News

Regulatory

SOND

Sonder Holdings has received a notification of deficiency due to a delayed filing of its quarterly report on Form 10-Q.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 8:06 pm

MESA

Mesa Air Group has announced that it received a delisting notice from Nasdaq. This development could have significant implications for the company's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 8:06 pm

ALPP

Alpine 4 Holdings, Inc. (NASDAQ: ALPP) has received a Staff Delisting Determination letter from Nasdaq due to non-compliance with Nasdaq Listing Rule 5250(c)(1). The company intends to appeal the decision and seek a stay of any suspension or delisting action.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 8:05 pm

AXP

C

COF

JPM

MA

V

The New York Fed's latest report highlights rising credit card delinquency rates, particularly among Gen Z consumers. High utilization rates and enduring inflation are contributing factors. This trend poses challenges for credit card companies like American Express, Visa, Capital One, and Mastercard, as well as financial institutions such as J.P. Morgan Chase and Citigroup.

Portfolio Pulse from Hayden Buckfire

May 17, 2024 | 7:20 pm

GOOG

GOOGL

META

MSFT

OpenAI has disbanded its superalignment team after key members, including co-founder Ilya Sutskever, departed. The team’s responsibilities have been integrated into broader research efforts. The departures have sparked debates over the company's focus on safety versus speed in AI development. The Biden Administration and tech giants like Meta, Microsoft, and Alphabet are actively addressing AI safety concerns.

Portfolio Pulse from Anusuya Lahiri

May 17, 2024 | 6:59 pm

KBE

KRE

SPY

XLF

The Federal Reserve has denied a request from a bank industry trade group to revise its confidential bank rating system. This decision could impact the banking sector and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 6:34 pm

RYDE

Ryde Group Ltd has filed a prospectus with the SEC for the resale of up to 1.1 million Class A ordinary shares by selling shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 6:31 pm

COIN

FXI

GME

HOOD

GameStop's stock fell due to preliminary Q1 results and an open market share sale agreement. Robinhood and Coinbase received upgrades from Bank of America. China unveiled measures to support its property sector.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 6:12 pm

AMC

FFIE

GME

Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) has seen a significant surge in its stock price, rising 33% to $2.20 per share. This comes after a 134% increase the previous day and a 52.6% rise in pre-market trading. The rally is driven by retail investor interest and social media buzz, despite the company's financial challenges and risk of delisting. The stock is trading above its 5, 20, and 50-day moving averages, but analysts caution that it may soon become overbought.

Portfolio Pulse from Surbhi Jain

May 17, 2024 | 5:59 pm

PFE

Pfizer expressed disappointment over the European Patent Office's decision to maintain Moderna's European Patent EP3590949 B1. Pfizer is considering all legal options and may appeal the decision.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 5:40 pm