Streetbeat News

Regulatory

CHTR

CMCSA

AT&T Inc (T), Charter Communications, Inc (CHTR), Comcast Corp (CMCSA), and Verizon Communications Inc (VZ) face challenges as a federal program providing discounted internet to 23 million households faces cuts in May. The FCC will reduce the maximum subsidy to $14/month, impacting low-income families' access to internet services. The future of the Affordable Connectivity Program (ACP) depends on providers' willingness to extend discounts post-subsidy reduction. The White House seeks emergency funding for ACP, while some lawmakers question its value.

Portfolio Pulse from Anusuya Lahiri

April 10, 2024 | 3:31 pm

LLY

The FDA has approved Loxo Oncology at Eli Lilly's drug, Retevmo, for treatment, as reported by Reuters citing the FDA's website.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:31 pm

IWM

SPY

XLRE

The March Consumer Price Index report showed inflation rates higher than expected, affecting investor expectations for Federal Reserve rate cuts and impacting stock and bond markets. The SPDR S&P 500 ETF Trust (SPY), iShares Russell 2000 ETF (IWM), and Real Estate Select Sector SPDR Fund (XLRE) experienced declines in response. Economists and market experts provided varied reactions, highlighting the challenges for the Fed and potential impacts on the economy and financial markets.

Portfolio Pulse from Piero Cingari

April 10, 2024 | 3:26 pm

GBTC

IBIT

Bitcoin ETF outflows decreased to $19.48 million, with Grayscale's GBTC experiencing a $154 million outflow and BlackRock's IBIT seeing a $128 million inflow. Hong Kong is preparing to launch Bitcoin spot ETFs, with an announcement expected on April 15. Meanwhile, VanEck expressed concerns over the uncertain approval timeline for a US-based Ethereum ETF, highlighting the lack of response from the SEC.

Portfolio Pulse from Murtuza Merchant

April 10, 2024 | 3:22 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 10th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula. It offers detailed analysis and price levels for each, suggesting potential breakouts or reversals. The memo also highlights the importance of the upcoming CPI data release and Federal Reserve officials' remarks, which could significantly impact market volatility and trading strategies.

Portfolio Pulse from RIPS

April 10, 2024 | 3:11 pm

LTRY

Lottery.com received a notice from Nasdaq on April 9, indicating that the company has regained compliance with Nasdaq's Rule 5450(B)(1)(C), according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:06 pm

PCLOF

PharmaCielo Ltd. (OTCQX:PCLOF) announced its intention to acquire Siam Ventures Corporation, aiming to expand its cannabis operations into Thailand amidst regulatory changes. The deal involves issuing PharmaCielo shares worth CA$3 million ($2.2 million) to Siam Ventures' shareholders. This acquisition is seen as a strategic move to access large Asian markets as they open to cannabinoids. Concurrently, PharmaCielo is undertaking a non-brokered private placement of units to raise CA$2 million, potentially increasing to CA$3 million, to support its expansion and operational needs.

Portfolio Pulse from Jelena Martinovic

April 10, 2024 | 2:49 pm

DAL

Delta Air Lines is actively collaborating with the FAA to address air traffic control staffing shortages and is engaged in efforts in Washington to tackle structural challenges related to infrastructure, as revealed in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:46 pm

EWC

Bank of Canada Governor Tiff Macklem has indicated that a rate cut in June is a possibility, according to Reuters. This statement could have implications for the financial markets, particularly in sectors sensitive to interest rate changes.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:40 pm

DAL

During a conference call, a Delta Air Lines executive commented on the U.S. Department of Transportation's (DoT) action on Aeromexico, labeling it as 'regulatory overreach'. The executive mentioned that Delta is currently in discussions with the administration to explore less punitive solutions.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:32 pm