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Regulatory

INTC

Intel's stock price increased following the announcement of a non-binding preliminary memorandum for up to $8.5B in direct funding under the CHIPS and Science Act.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 10:07 am

GOOG

GOOGL

The French Competition Authority has imposed a €250 million fine on Google for failing to comply with commitments it made in June 2022. This action underscores the regulatory challenges Google faces in Europe and could have implications for its operations and financial performance in the region.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:27 am

INTC

Intel and the Biden-Harris administration have announced preliminary terms for up to $8.5 billion in direct funding from the CHIPS and Science Act. This funding aims to bolster semiconductor manufacturing in the U.S., aligning with national efforts to strengthen the domestic supply chain and reduce dependency on foreign semiconductor production.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:09 am

HTOO

Fusion Fuel has received provisional grant approval for its 25 MW HEVO-Aveiro Green Hydrogen Project, marking a significant step forward in its green hydrogen production initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:01 am

BTCUSD

Sam Bankman-Fried's defense team criticizes the DOJ's portrayal of him as a 'super-villain' in their sentencing memorandum, arguing it distorts reality. They suggest a 'just sentence' of 63-78 months, countering the DOJ's recommendation of 40-50 years. Meanwhile, a photo reveals Bankman-Fried's current appearance in detention, and reports discuss his involvement in the 'mackerel economy' at the Metropolitan Detention Center.

Portfolio Pulse from Mehab Qureshi

March 20, 2024 | 7:14 am

BLK

BlackRock Inc (NYSE:BLK) has filed with the SEC to create a new fund focused on tokenized assets, named the BlackRock USD Institutional Digital Liquidity Fund, in partnership with Securitize. The fund, based in the British Virgin Islands and founded in 2023, aims to attract capital with a minimum investment threshold of $100,000, allowing investments up to $100 million. This development aligns with the market's optimism for Ethereum-based ETFs, following the SEC's approval of Bitcoin ETFs. BlackRock's move into tokenization reflects a broader industry trend towards digital financial assets.

Portfolio Pulse from Mehab Qureshi

March 20, 2024 | 7:13 am

EWU

The U.K. Consumer Prices Index Including Owner Occupiers' Housing Costs (CPIH) year-over-year has decreased to 3.8% from the previous 4.2%.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:03 am

EPOW

Sunrise New Energy received a Nasdaq notice for not meeting the minimum bid price requirement. The company's operations remain unaffected, and it plans to monitor its Class A ordinary shares' price to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:44 am

KGEI

Kolibri Global Energy has announced a delay in filing its financial statements, attributing the delay to auditing issues. The company now targets a May deadline for the submission of its financial statements.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:58 am

FXI

The People's Bank of China has decided to keep its Loan Prime Rate unchanged at 3.45%. This decision could influence market perceptions and potentially impact related US-listed assets, notably FXI, which tracks large-cap Chinese stocks.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 4:03 am