Streetbeat News

Regulatory

J-Long Group Limited (NASDAQ:JL) has received a deficiency notice from Nasdaq for not meeting the $1.00 minimum bid price requirement. The company has until November 11, 2024, to regain compliance by having its closing bid price meet or exceed $1.00 for at least ten consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:26 am

AMAT

BIDU

CSCO

NVDA

QQQ

SPY

TTWO

WMT

ZTO

Wall Street may take a breather after a record run, with focus on Walmart's earnings and Federal Reserve speeches. Analysts predict potential rate cuts and high expectations for Nvidia's upcoming earnings. Key stocks in focus include Cisco, ZTO Express, Baidu, JD.com, Deere, Applied Materials, and Take-Two Interactive.

Portfolio Pulse from Shanthi Rexaline

May 16, 2024 | 10:53 am

AIG

CRBG

AIG has agreed to sell 120 million shares of its Corebridge common stock to Nippon Life Insurance for $31.47 per share, totaling $3.8 billion. The shares represent 20% of Corebridge's outstanding shares. AIG will retain a 9.9% stake in Corebridge for two years post-closing, expected by Q1 2025, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 10:20 am

EWD

TSLA

A Swedish appeals court has rejected Tesla's appeal against a decision to dismiss the company's case against Sweden's Transport Agency. This legal setback could have implications for Tesla's operations and regulatory compliance in Sweden.

Portfolio Pulse from Charles Gross

May 16, 2024 | 9:42 am

BTCUSD

Oklahoma has become the first U.S. state to declare self-custody of Bitcoin and other cryptocurrencies a fundamental right. The new law, effective from Nov. 1, allows citizens to use, self-custody, and mine digital assets without additional taxes. This comes amid national debates on cryptocurrency regulations.

Portfolio Pulse from Aniket Verma

May 16, 2024 | 7:34 am

RHHBY

Roche's Genentech reports positive Phase Ib results for its dual GLP-1/GIP receptor agonist CT-388 in people with obesity, showing significant weight loss and glycemia normalization with no new safety concerns.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 6:13 am

HOOD

SOLUSD

Robinhood Markets Inc. (NASDAQ:HOOD) has launched its first cryptocurrency staking product for Solana (CRYPTO: SOL), limited to the European market. This move is part of Robinhood's strategy to enter the growing crypto staking industry, despite regulatory challenges in the U.S. The announcement led to a 9% increase in Solana's total value locked and a 13.22% rise in its price.

Portfolio Pulse from Aniket Verma

May 16, 2024 | 5:11 am

MSFT

Microsoft Corp (NASDAQ:MSFT) has asked 700-800 China-based employees, mainly engineers, to consider relocating to other countries amid escalating tech tensions between the U.S. and China. This move aligns with the Biden administration's efforts to restrict China's access to advanced AI technology.

Portfolio Pulse from Benzinga Neuro

May 16, 2024 | 4:55 am

BTCUSD

DOGEUSD

ETHUSD

The cryptocurrency market experienced a significant rally following lower-than-expected retail inflation data. Bitcoin surged past $66,000, Ethereum broke $3,000, and Dogecoin saw a 7.91% increase. The stock market also reached record highs, with the S&P 500, Dow Jones, and Nasdaq Composite all posting gains. Analysts predict Bitcoin's next target to be $68,000-$69,000.

Portfolio Pulse from Aniket Verma

May 16, 2024 | 1:45 am

DRMA

Trading for a specific asset has been halted at 7:50:00 p.m. ET due to pending news. This halt indicates that significant information is expected to be released soon, which could impact the asset's price.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:50 pm