Streetbeat News

Regulatory

MNTS

Momentus Inc. has announced the completion of all requirements under its National Security Agreement (NSA), leading to the termination of the NSA by the Committee on Foreign Investment in the United States (CFIUS). This marks a significant step for the company, potentially removing a major regulatory hurdle that could have impacted its operations and partnerships.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 4:28 pm

EBAY

eBay has reached a settlement with the U.S. Department of Justice, agreeing to pay $59 million and enhance its monitoring and reporting processes for listings that violate its terms of service. This settlement resolves an inquiry related to laws overseen by the Drug Enforcement Administration. eBay has denied any allegations of wrongdoing.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 4:15 pm

SPY

VGK

U.S. Treasury Secretary Janet Yellen has warned EU officials that a failure by the U.S. Congress to act on Ukraine funding could result in a victory for Russia's President Putin. She emphasized the importance of not allowing Ukraine to run out of money before it runs out of ammunition, highlighting the critical nature of continued financial support for Ukraine.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 4:12 pm

ETHUSD

GBTC

Standard Chartered predicts the SEC will approve Ethereum ETFs by May 23 and forecasts a $4k price target for Ether. The report suggests Ethereum will face less post-approval selling pressure than Bitcoin due to the Grayscale Ethereum Trust's smaller market cap proportion. The 'Dencun' upgrade, aimed at reducing transaction costs, is also expected to boost Ethereum's value.

Portfolio Pulse from Murtuza Merchant

January 31, 2024 | 4:07 pm

UBER

Uber Technologies, Inc. (NYSE:UBER) shares fell after being fined €10 million by the Dutch Data Protection Authority for privacy regulation violations. The fine was imposed due to Uber's failure to disclose data retention periods for European drivers and the non-European countries where this data is shared. The DPA also criticized Uber for making it difficult for drivers to access their data, leading to over 170 French drivers complaining to a human rights organization, which escalated the issue to the French data protection authority and then to the DPA.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 4:00 pm

FXI

SPY

The U.S. Department of Defense has added several Chinese companies to its list of entities believed to be affiliated with the Chinese military. The companies newly listed include YMTC, Megvii Technology, Hesai Technology, and NetPosa Technologies, according to a Reuters report citing a U.S. official.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:59 pm

BA

Boeing's CFO reported that the company has approximately 35 Max 7s and Max 10s awaiting FAA certification before delivery. Additionally, Boeing ended the quarter with around 60 787 airplanes in inventory, with about 50 needing rework. The rework process is progressing steadily, as stated during the conference call.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:50 pm

ALK

BA

Boeing's CEO acknowledged the company's accountability for the recent incident, regardless of the NTSB investigation's findings. He also praised the Alaska Airlines crew's response to the situation, admitting Boeing's responsibility for the problem.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:41 pm

UBER

The Dutch Data Protection Authority has imposed a fine of 10 million euros on Uber for violating privacy regulations. The fine relates to Uber's failure to report a significant data breach in a timely manner, as required by law. This breach involved unauthorized access to personal data of millions of customers and drivers.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 3:12 pm

SPY

Investors are focused on the Federal Open Market Committee (FOMC) meeting, with expectations that the Fed will maintain interest rates but may shift to a more neutral stance. Goldman Sachs predicts a rate cut in March and a total of five in 2024, while Bank of America expects a neutral guidance shift. Ed Yardeni warns against too many rate cuts, suggesting two or three would suffice. John Lynch believes a dovish Fed could lead the S&P 500 to new highs. The SPDR S&P 500 ETF Trust (SPY) is being watched closely as it trades near record levels.

Portfolio Pulse from Piero Cingari

January 31, 2024 | 2:33 pm