Streetbeat News

Regulatory

SPR

Spirit Aerosystems has announced its commitment to continuous improvement in processes, working closely with Boeing and regulators, following a report by the National Transportation Safety Board (NTSB).

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:06 pm

Boeing has expressed appreciation for the U.S. National Transportation Safety Board's (NTSB) efforts and has committed to reviewing their findings quickly. The company acknowledges its accountability for the events in question, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:04 pm

SPY

U.S. Senate Majority Leader Schumer announced that the Senate will vote on a bipartisan border deal on Wednesday, despite opposition from Republicans. This move is seen as a significant step towards addressing border security and immigration issues.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:54 pm

EIS

SPY

USO

The White House has announced that the U.S. will review Hamas' response to a proposed hostage deal. This development could have implications for U.S. foreign policy and security measures.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:48 pm

EIS

USO

Israel is currently evaluating Hamas's response to a potential truce in Gaza, with all parties involved in the negotiations studying the response thoroughly, according to a statement cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:47 pm

COIN

PYPL

A new service, OnlyFake, using AI, has created fake IDs that passed KYC checks on crypto exchanges including OKX, raising security concerns. The IDs, costing $15, were used to bypass verifications on platforms like Kraken, Bybit, Bitget, Huobi, and PayPal. OKX and other exchanges are investigating, highlighting the challenge of AI-generated fraud in the industry.

Portfolio Pulse from Murtuza Merchant

February 06, 2024 | 7:47 pm

SPR

The NTSB reported that a door panel manufactured by Spirit Aerosystems in Malaysia in March 2023 was received in Wichita, Kansas in May 2023. This information is part of an ongoing investigation.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:29 pm

FXI

NYCB

PLTR

SOXX

TLT

XLB

XLK

Wall Street's major indices showed mixed performance as investors awaited Federal Reserve officials' speeches. The Nasdaq 100 and iShares Semiconductor ETF (SOXX) fell, while the iShares 20+ Year Treasury Bond ETF (TLT) and iShares China Large-Cap ETF (FXI) rose. New York Community Bancorp (NYCB) plummeted after concerns over commercial real estate loans. Sector-wise, the Materials SPDR Select Sector Fund (XLB) led gains, while the Technology SPDR Select Sector Fund (XLK) lagged. Notable stock movements included Palantir Technologies (PLTR) surging on strong earnings.

Portfolio Pulse from Piero Cingari

February 06, 2024 | 7:24 pm

ALK

The U.S. National Transportation Safety Board released a preliminary report on the 737 Max Alaska Air panel blowout incident, revealing that four bolts meant to prevent the door plug from moving upwards were missing prior to the incident.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:19 pm

PDD

PDD Holdings Inc – ADR (NASDAQ:PDD) shares increased by 3.5% to $125.33, likely due to potential Chinese government stimulus measures. This comes as Chinese equities, including major companies like JD.com and Alibaba, saw significant gains following government support pledges. The broader Chinese market has faced substantial losses over the past three years, but recent government actions have sparked a rebound.

Portfolio Pulse from Henry Khederian

February 06, 2024 | 7:13 pm