Streetbeat News

Regulatory

AFIB

Acutus Medical announced that Nasdaq has notified the company it has not regained compliance with Listing Rule 5550(a)(2), putting its stock listing at risk.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:14 pm

QMCO

Quantum Corporation (NASDAQ:QMCO) has updated its plan to regain compliance with Nasdaq's listing criteria, including timelines for filing its Q2, Q3, and Q4/FY24 financial reports by June 27, 2024. This comes after Nasdaq granted a stay on Quantum's stock delisting pending a hearing on May 14, 2024. The company's efforts include coordination with advisors and auditors, particularly on the application of ASC Topic 606.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:10 pm

BHP

GLCNF

GORO

NEXA

Anglo American rejected BHP Group's $39B bid, potentially starting a bidding war with Glencore. Gold Resource reported Q1 results with a net loss and detailed production figures. The U.S. Department of Commerce is acting against aluminum dumping, affecting several countries and benefiting Tredegar. Nexa Resources reported a significant quarterly loss but exceeded sales expectations.

Portfolio Pulse from austin@walkonholdings.com

May 03, 2024 | 8:05 pm

PMGM

Priveterra Acquisition Corp II received an additional notice from Nasdaq on April 29, indicating that the company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1), according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:04 pm

NBSE

NeuBase Therapeutics anticipates that trading of its common stock will be suspended at the start of business on May 13, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:03 pm

NBSE

NeuBase Therapeutics Inc was notified by Nasdaq on May 2 that it has not regained compliance with the minimum bid price requirement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:02 pm

EIS

ISRA

SPY

USO

Hamas has expressed a strong determination to reach a truce agreement that meets the demands of the Palestinians. The group highlighted its positive spirit in considering the ceasefire proposal and plans to continue with the same spirit in Cairo to reach an agreement, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 7:58 pm

CCJ

CEG

DUK

MMTLF

NXE

The U.S. Senate approved a ban on Russian enriched uranium, aiming to reduce reliance on Russian nuclear fuel and boost North American uranium miners. President Biden is expected to sign the bill, which could lead to higher uranium prices and increased domestic production. Cameco Corp. (CCJ) and other miners like NexGen Energy Ltd. (NXE) and Madison Metals Inc. (MMTLF) view this as positive for the industry. Utilities like Constellation Energy Corp. (CEG) and Duke Energy Corp. (DUK) have prepared by securing diverse uranium supplies. The ban, effective 90 days post-law enactment, includes waivers until 2028 for certain situations.

Portfolio Pulse from Matt Whittaker

May 03, 2024 | 7:54 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets rallied with Bitcoin surpassing $60,000, driven by positive macro data and market sentiment. Major cryptos like Ethereum, Dogecoin, and others saw gains. Liquidations totaled $139.22 million, with significant exchange inflows and outflows reported. Spot Bitcoin ETFs experienced a net outflow, while Bitcoin whales accumulated 47,000 BTC. Developments include potential benefits of Hong Kong's Spot Bitcoin ETFs and delayed decisions on Bitcoin-related ETFs by the SEC. Analysts predict further gains if Bitcoin surpasses $67,000.

Portfolio Pulse from Khyathi Dalal

May 03, 2024 | 7:47 pm

BTCUSD

10x Research identifies a crucial level for Bitcoin at $62,000, suggesting a failure to surpass this could confirm a 'fake dip'. The firm highlights Bitcoin's relative strength retracing to 40% and notes the importance of bullish events like Yellen's deposit insurance proposal, Blackrock and Franklin Templeton's Bitcoin ETF filings, and a drop in U.S. Core PCE. Despite these, the current trend is bearish, resembling a top pattern rather than sideways movement, with a potential further drop to the low $50,000s.

Portfolio Pulse from Ivan Crnogatić

May 03, 2024 | 7:34 pm