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Regulatory

AMC

GME

AMC Entertainment Holdings Inc (NYSE:AMC) announced the return of its Summer Movie Camp program, offering family-friendly movies at a low cost. This follows a court ruling upholding AMC's APE stock conversion and increased volatility due to meme stock interest. AMC shares have risen over 50% in the last month.

Portfolio Pulse from Adam Eckert

May 23, 2024 | 2:40 pm

BTCUSD

DOGEUSD

ETHUSD

GOOGL

NVDA

TSLA

The article covers a range of topics including the drop in Bitcoin, Ethereum, and Dogecoin due to inflation concerns, Ethereum's significant market cap gains, and the reactivation of dormant crypto wallets. It also discusses the potential approval of an Ethereum spot ETF, Nancy Pelosi's vote for a crypto bill, and various political and economic updates. Additionally, it highlights Nvidia's positive market impact, Tesla's hiring and production strategies, and Google's acquisition of HubSpot.

Portfolio Pulse from Akanksha Bakshi

May 23, 2024 | 2:33 pm

LYV

SPY

The U.S. Department of Justice and a group of states have filed a lawsuit against Live Nation Entertainment, according to a court document cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:29 pm

NSC

Norfolk Southern has agreed to pay a $15 million civil penalty and $57.1 million to reimburse the EPA for past response costs related to the 2023 East Palestine derailment.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:27 pm

BCG

Binah Capital Group (BCG) shares have resumed trading after a temporary halt. The resumption of trade could indicate a resolution of underlying issues or new developments within the company.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:25 pm

ETHUSD

VAN

The SEC faces a crucial deadline today regarding the approval of Ethereum ETFs, with VanEck's application being a focal point. Analysts are optimistic about approval, but trading will not commence immediately due to additional regulatory steps. VanEck advocates for a 'first-come, first-served' approach, criticizing the SEC's simultaneous approval strategy for Bitcoin ETFs.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 2:07 pm

RCON

Recon Technology, Ltd. (NASDAQ:RCON) has regained compliance with Nasdaq listing standards, curing its bid price deficiency. The scheduled hearing has been cancelled, and the company's shares will continue to be listed and traded on The Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:02 pm

DOGEUSD

ETHUSD

SOLUSD

The financial markets are anticipating the approval of the Ethereum (ETH) ETF, sparking discussions about potential future crypto ETFs for Solana (SOL) and Dogecoin (DOGE). Regulatory hurdles and market sentiment suggest a challenging path for a SOL ETF, while political pressure may favor a DOGE ETF. The upcoming Benzinga Future of Digital Assets event will provide insights into these developments.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 1:41 pm

DIS

Reliance and Disney have filed confidential antitrust papers for a merger of their media assets in India. They have assured the Indian antitrust body that the merger will not affect competition or advertisers, even with combined cricket rights.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:30 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) has started constructing its first Megapack energy storage battery factory outside the USA in Shanghai. The $200 million plant is expected to begin mass production in early 2025 with an initial capacity of 10,000 units annually. The project has received regulatory approval and already secured its first customer, Shanghai Lingang Economic Development Group.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 1:29 pm