Streetbeat News

Regulatory

FXI

SPY

X

U.S. Steel has expressed support for the Biden Administration's trade enforcement actions against China, which may include an increase in the tariff rate on Chinese steel companies. This move is aimed at protecting the domestic steel industry from unfair competition.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:08 pm

ALK

Alaska Airlines experienced a ground stop due to an IT issue, as reported by CNBC. This temporary halt in operations could impact the airline's schedule, potentially affecting customer satisfaction and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:07 pm

BSFC

Blue Star Foods Corp. (BSFC) has secured additional non-dilutive funding to support expansion in its soft shell crab operations and to meet increased demand under its Master Service Agreement. The company issued a promissory note and shares to an accredited investor, and a convertible promissory note to an institutional investor. CEO John Keeler expressed confidence in the company's growth and its efforts to remain NASDAQ-listed, following NASDAQ's conditional approval for continued listing.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:01 pm

IZM

ICZOOM Group Inc. (NASDAQ:IZM) has cancelled its proposed public offering due to unfavorable market pricing conditions. The company believes that proceeding with the offering under current market conditions would not be in the best interests of ICZOOM or its shareholders. The decision was made following a voluntary withdrawal of a registration statement filed with the U.S. Securities and Exchange Commission.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:56 pm

BTCUSD

Pavel Durov, co-founder of Telegram, revealed holding 'a few hundred million dollars' in Bitcoin and fiat, emphasizing the importance of secure communication tools amid increasing government surveillance. Durov highlighted the challenges faced by privacy-focused services, including attempts by the FBI to infiltrate Telegram. He advocates for the UAE as a base for such enterprises due to its geopolitical neutrality and discussed the financial independence of his company from venture capital. The context includes warnings about expanded NSA surveillance capabilities.

Portfolio Pulse from Murtuza Merchant

April 17, 2024 | 2:56 pm

FXI

SPY

President Biden's proposed higher tariffs would impact over $1B worth of steel and aluminum products from China, according to a senior administration official.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:53 pm

MSOS

Kristi Palmer discussed the challenges faced when entering the Nevada market, including a lack of supply which led to higher costs or the need to switch methods. The Cannabis Capital Conference offers live access for subscribers and new users.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:46 pm

FXI

SPY

U.S. Trade Representative Tai announced the need for 'decisive' action against China's state support for electric vehicles and solar products, indicating potential trade policy shifts.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:46 pm

ALK

SPY

The U.S. FAA has issued an advisory indicating that all Alaska Airlines mainline and subcarrier flights are currently ground stopped. This development could impact flight schedules and operations.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:42 pm

AA

BNO

SMH

STLD

USO

X

Oil prices and semiconductor stocks fell, with the latter influenced by ASML's earnings report. Meanwhile, steel and aluminum stocks rose amid reports that President Biden is considering tripling tariffs on China.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:42 pm