Streetbeat News

Regulatory

KXIN

Kaixin Auto Holdings (KXIN) received a letter from Nasdaq notifying them of non-compliance with the minimum bid price requirement. The company's stock has been trading below $1.00 for a period, which is against Nasdaq's listing rules. Kaixin Auto must regain compliance by a certain deadline to avoid delisting.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:01 pm

FCX

Freeport-McMoRan shares are trading lower following Donald Trump's statement on considering high tariffs on Chinese imports if elected president, pressuring metal stocks.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 8:47 pm

AA

Alcoa shares are trading lower following Donald Trump's statement on considering high tariffs on Chinese imports if elected president, pressuring metal stocks.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 8:43 pm

AAL

DAL

LUV

UAL

The U.S. Federal Aviation Administration (FAA) has recommended to Congress not to raise the mandatory retirement age for airline pilots from 65 to 67 until further research is conducted, according to a letter cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 8:15 pm

BITO

IBIT

XBTF

The SEC's approval of Bitcoin ETFs, including ProShares Bitcoin Strategy ETF (BITO) and VanEck Bitcoin Strategy ETF (XBTF), marks a significant milestone in integrating cryptocurrencies into the regulated financial ecosystem. Experts predict a bullish long-term outlook for these ETFs, anticipating broader acceptance and potential approval of Ethereum ETFs. The success of these ETFs could lead to increased allocations in investor portfolios and pave the way for further digital asset ETFs, transforming the investment landscape.

Portfolio Pulse from Murtuza Merchant

February 05, 2024 | 7:50 pm

SGMO

Sangamo Therapeutics has been granted the PRIME designation by the European Medicines Agency for Isaralgagene Civaparvovec, a treatment for Fabry Disease. This designation is aimed at enhancing support for the development of medicines that target unmet medical needs.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 7:33 pm

SPY

In his prepared speech, Fed's Bostic did not discuss the future outlook of interest rates, leaving investors speculating on the Federal Reserve's next moves.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 7:10 pm

AEY

ADDvantage Technologies, symbol AEY, will be delisted from Nasdaq. This decision follows the company's inability to meet Nasdaq's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 6:51 pm

SPH

ALPS Advisors and Alerian MLP ETF have disclosed a 16.78% ownership stake in Suburban Propane Partners, according to a recent SEC 13G filing.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 6:49 pm

NVO

The FDA has announced that Wegovy, an injection with a dosage of .25 mg/.5 ml, is currently experiencing limited availability. The estimated duration of this shortage is yet to be determined.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 6:12 pm