Streetbeat News

Regulatory

TC

Trading on TC has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material information.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 12:50 am

NXU

Nxu has applied for grant funding from the California Energy Commission's National Electric Vehicle Infrastructure Formula Program, aiming to secure a portion of the over $40 million allocated for the deployment of high-powered, direct-current fast charger electric vehicle charging infrastructure.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:58 pm

GM

General Motors Co (NYSE:GM) stock traded slightly lower after-hours following the release of a 105-page report by Quinn Emanuel on Cruise, GM's autonomous vehicle unit. The report, stemming from an investigation into a robotaxi accident involving a pedestrian, highlighted failures in leadership and an adversarial attitude towards regulators within Cruise. Although it did not accuse Cruise leadership of intentional deception, it criticized the company's handling of the incident. GM, which owns 80% of Cruise, acknowledged the shortcomings. Cruise's robotaxis are currently grounded, with investigations ongoing.

Portfolio Pulse from Erica Kollmann

January 25, 2024 | 10:56 pm

BA

SPR

SPY

Senator Duckworth met with Boeing CEO Dave Calhoun, urging Boeing to prioritize passenger safety over profit and to withdraw its petition for an FAA exemption to bypass safety standards.

Portfolio Pulse from Charles Gross

January 25, 2024 | 10:49 pm

AOSL

Alpha and Omega Semiconductor (AOSL) has been informed by the DOJ that the investigation into the company's compliance with export control regulations, specifically regarding transactions with Huawei and its affiliates, has been closed without any charges. The company had been cooperating with the investigation since late 2019.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:20 pm

UTZ

Utz Quality Foods has issued a voluntary recall of 88 cases of its 2.75 oz. Wavy Original Potato Chips due to the presence of an undeclared milk allergen. This recall is a precautionary measure to prevent potential allergic reactions in consumers with milk allergies.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:13 pm

BLK

The SEC has approved a Bitcoin ETF, signaling a shift towards mainstream acceptance of cryptocurrencies and potentially increasing institutional investment. Brock Pierce of The Bitcoin Foundation mentioned BlackRock (NYSE:BLK) as one of the institutions providing credibility to this move. The approval is seen as a balance between innovation and investor protection, important for the crypto industry's growth.

Portfolio Pulse from Abbey Higginbotham

January 25, 2024 | 10:06 pm

JEWL

Adamas One Corp has been notified of non-compliance with Nasdaq Listing Rule requirements. This could affect the company's stock listing status and investor confidence. The specific rules violated were not detailed in the news provided.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:04 pm

RCFA

RCF Acquisition (RCFA) has received a non-compliance notice from the NYSE for not meeting continued listing standards. The company must address the deficiencies to maintain its listing.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:01 pm

FXE

IEV

ECB President Christine Lagarde has dismissed the notion that Europe is entering a recession despite potential negative growth, contrasting with the robust U.S. economy. She stated that rate cuts are premature, focusing on the disinflation process. Markets are skeptical, pricing in significant rate cuts by December 2024. The euro fell against the dollar, and the Invesco CurrencyShares Euro Currency Trust (FXE) dropped slightly, while the iShares Europe ETF (IEV) rose marginally.

Portfolio Pulse from Piero Cingari

January 25, 2024 | 9:58 pm