Streetbeat News

Regulatory

FXI

The China Loan Prime Rate (LPR) for 5 years remains unchanged at 3.95% for April, indicating stability in the country's lending rate.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 4:13 am

AAPL

AMZN

GOOG

META

MSFT

SONY

SPOT

Last week in consumer tech saw Alphabet's Google employees protest a cloud contract, SpaceX's Elon Musk accepting a challenge from Roscosmos, and a Texas judge halting an investigation into Media Matters. Sony is releasing a new PS5 version, a Star Wars-Fortnite crossover is announced, and Nintendo showcased indie games. EA plans a Black Panther game, and Apple faces a decline in iPhone shipments but explores manufacturing in Indonesia. Huawei launches new smartphones, Meta's Llama 3 AI model excels in tests, and Spotify's AI DJ personalizes music streaming. Amazon's Twitch to launch a TikTok-style feed, and Microsoft's investment in OpenAI won't face EU investigation.

Portfolio Pulse from Lekha Gupta

April 21, 2024 | 3:01 pm

AVGO

CGC

DKNG

TSLA

Wall Street faced a downturn with the S&P 500 and Nasdaq Composite experiencing significant drops, attributed to inflation fears and monetary policy concerns. Despite this, bullish and bearish perspectives emerged on stocks like Tesla, DraftKings, Broadcom, and Canopy Growth, alongside discussions on Dogecoin's potential. The Federal Reserve's stance on interest rates and geopolitical risks also influenced market sentiment.

Portfolio Pulse from Michael Cohen

April 20, 2024 | 1:42 pm

BUG

CIBR

HACK

IHAK

MSFT

WCBR

FBI Director Christopher Wray warns of Chinese state-sponsored hackers targeting U.S. critical infrastructure, highlighting the importance of operational technology (OT) security. Three OT startups, Dragos Inc., Claroty, and Nozomi Networks, are noted for their significant venture capital funding in response to these threats. The article also mentions Microsoft's identification of the Chinese hacking group 'Volt Typhoon' as a major threat and lists five cybersecurity ETFs as investment considerations.

Portfolio Pulse from Anthony Noto

April 20, 2024 | 12:50 pm

AAPL

Steven Sinofsky, former Windows head, criticized Sen. Elizabeth Warren's claim that Apple Inc. has a 'smartphone monopoly', citing Apple's market share does not meet monopoly criteria. This comes amid increased scrutiny of Apple by lawmakers and regulators, especially after Warren supported a DOJ antitrust case against Apple, focusing on its smartphone market share and the discontinuation of the 'iMessage for Android' app, Beeper Mini. Apple's stock closed down 1.22% at $165.

Portfolio Pulse from Rounak Jain

April 20, 2024 | 7:48 am

AAPL

Sen. Elizabeth Warren criticized Apple Inc (NASDAQ:AAPL) for its smartphone market 'monopoly', particularly highlighting how the green text bubbles for non-iPhone users can ruin relationships and lead to social exclusion. Warren's comments support a Department of Justice antitrust case against Apple, focusing on the company's control over the smartphone market and its practices that lock users into its services. The DOJ's lawsuit includes claims of social stigmatization due to the blue vs. green text bubble issue, with Apple holding a 57% market share in North America as of January 2024.

Portfolio Pulse from Chris Katje

April 19, 2024 | 8:57 pm

COSM

Cosmos Health received a Nasdaq notice for the late filing of its Form 10-K. On April 17, the company was notified of non-compliance with Nasdaq Listing Rule 5250(c)(1). Cosmos Health intends to resolve this deficiency and regain compliance with Nasdaq listing rules, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:48 pm

GILD

LPTX

Gilead Sciences, Inc. has reported a 13.9% stake in Leap Therapeutics as of April 10, 2024, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:43 pm

KZIA

Kazia Therapeutics Ltd has entered into a purchase agreement with Alumni Capital LP, allowing for the sale of up to $15M of American Depositary Shares at various times, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:42 pm

MNTS

Momentus Inc has received a deficiency notification from Nasdaq due to the delayed filing of its Form 10-K, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:42 pm