Streetbeat News

Regulatory

PSNY

Polestar has announced a delay in the publication of its annual report due to accounting errors, according to an SEC filing. This delay could impact investor confidence and potentially affect the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:45 pm

JFBR

Jeffs' Brands Ltd (JFBR), an e-commerce company on the Amazon Marketplace, received a notice from Nasdaq for not meeting the minimum bid price requirement of $1.00 per share. The company has a 180-day grace period to regain compliance, with the possibility of an extension. Trading of JFBR's ordinary shares and warrants will continue on Nasdaq under symbols 'JFBR' and 'JFBRW'. The company aims to resolve the issue within the given timeframe, considering options like a reverse share split if necessary.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:45 pm

MSOS

Senate Majority Leader Chuck Schumer described the DEA's decision to propose rescheduling marijuana as a 'historic step forward' but emphasized his commitment to passing the SAFER Banking Act and the Cannabis Administration and Opportunity Act (CAOA) for further cannabis reform. The DEA's move to reclassify cannabis from Schedule I to Schedule III under the Controlled Substances Act is seen as a significant but limited step, allowing for more research and some federal tax deductions for state-licensed cannabis businesses. However, Schumer and other advocates stress the need for comprehensive legislation to end federal prohibition and address the harms of the War on Drugs.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:43 pm

PCG

PG&E is close to selling a significant stake in its power generation business to KKR, aiming to fund wildfire prevention measures. The deal involves creating a new subsidiary, Pacific Generation, to house its hydroelectric, natural gas, solar, and battery facilities, of which 49.9% will be sold to KKR, pending regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:41 pm

NTRA

Neutra Corp. has filed to delay its 10-K annual report, according to Bloomberg. This filing indicates a postponement in the release of the company's annual financial results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:41 pm

ALL

Allstate has filed a mixed-securities shelf according to an SEC filing, indicating potential future fundraising activities through the issuance of various types of securities.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:15 pm

INQD

MRMD

The DEA's decision to move cannabis from Schedule I to Schedule III under the Controlled Substances Act has been met with widespread approval from industry leaders. MariMed and Indoor Harvest Corp specifically expressed positive outlooks, highlighting the decision's potential to benefit consumers, patients, and the industry at large. The move is seen as a significant shift in drug policy, with implications for medical recognition, business operations, and global cannabis markets.

Portfolio Pulse from Rolando García

April 30, 2024 | 7:58 pm

BNO

DIA

QQQ

SPY

USO

Stocks declined after the release of upbeat wage data, suggesting potential inflationary pressures that could influence the Federal Reserve's policy decisions. The dollar strengthened, while oil prices fell due to optimism about peace in the Middle East, impacting commodities and currency markets.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:55 pm

BABA

BILI

NTES

US-listed Chinese stocks, including BABA, BILI, JD, and NTES, are trading lower due to market uncertainty ahead of the Fed decision and potential US-China tensions from the TikTok bill.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:46 pm

BNO

USO

Oil prices are declining due to concerns over the US economy and optimism for a ceasefire between Israel and Gaza.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:18 pm