Streetbeat News

Regulatory

CVX

Chevron's CEO announced during a conference call that the company has no plans to make new investments in California. This decision could signal a strategic shift or response to the state's regulatory environment.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:52 pm

SPY

In an interview with Howard Stern, President Biden stated his intention to make Roe v. Wade the law of the land again if re-elected. He also expressed willingness to debate Trump, though the timing is uncertain.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:50 pm

GM

General Motors plans to shut down its manufacturing operations in Colombia and Ecuador, according to Reuters. This move could have implications for the company's South American strategy and overall operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:38 pm

WSM

Williams-Sonoma has agreed to pay a record civil penalty of $3.175 million for violating a previous order regarding its 'Made in USA' advertising claims, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:35 pm

TLRY

Europe sees significant cannabis developments: the UK's Release campaign aims to protect medical marijuana patients, a WHO survey reveals high cannabis use among Scottish youth, Sweden makes a major cocaine bust, and Portugal exports vastly more marijuana than it sells domestically. Tilray (NASDAQ:TLRY) is noted for its exclusive sale of medical marijuana in Portugal, despite high costs and limited patient eligibility.

Portfolio Pulse from Nina Zdinjak

April 26, 2024 | 3:34 pm

BTCUSD

Veteran cryptocurrency influencer Lark Davis suggests Bitcoin's current consolidation phase is a precursor to significant growth, citing growing institutional interest and the upcoming launch of Bitcoin ETFs in Hong Kong. Morgan Stanley's decision to allow brokers to recommend Bitcoin ETFs to clients is highlighted as a key factor that could bring substantial institutional capital into the crypto market. Despite a bearish short-term market sentiment, Davis points to the resilience and confidence in Bitcoin's future, supported by data showing most holders remain in profit.

Portfolio Pulse from Khyathi Dalal

April 26, 2024 | 3:33 pm

CVX

Chevron has stated that its operations have not been affected by recent sanctions, but it will not be investing new capital in Venezuela, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:28 pm

ETH-USD

The FBI has issued a warning against using unregistered cryptocurrency services, emphasizing the importance of compliance with KYC and AML regulations. This comes amid actions against non-compliant services and concerns over the regulatory treatment of cryptocurrencies, including a lawsuit by Consensys against the SEC over the classification of Ether as a security. The situation underscores the need for clear crypto regulations.

Portfolio Pulse from Murtuza Merchant

April 26, 2024 | 2:24 pm

TSLA

A report from The Verge highlights that Tesla's Autopilot and Full Self-Driving (FSD) features have been linked to hundreds of crashes and dozens of deaths, according to an investigation by the National Highway Traffic Safety Administration (NHTSA).

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 2:19 pm

TTNP

Titan Pharmaceuticals has decided not to pursue a previously planned public offering of securities, citing current market conditions. The company has filed a Form RW, indicating that no securities covered by the registration statement have been issued or sold.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:43 pm