Streetbeat News

Regulatory

BLK

TSLA

The past week in the cryptocurrency market saw Anthony Scaramucci expressing bullishness on Bitcoin ETFs, the SEC's Twitter account being hacked with false Bitcoin ETF approvals, Elon Musk discussing Bitcoin use on X, Cathie Wood revealing her Bitcoin holdings, a surge in crypto prices following Bitcoin ETF approval, and a significant increase in the Shiba Inu token burn rate. BlackRock and Tesla were mentioned in relation to Bitcoin ETF applications and potential Bitcoin use, respectively.

Portfolio Pulse from Benzinga Neuro

January 13, 2024 | 10:17 am

GOOGL

MSFT

NYT

SSNLF

This week in AI, Microsoft's AI helped discover a new battery material, Samsung teased its Galaxy AI feature, Google faces a $7B patent infringement trial, Microsoft's Notepad gets an AI feature, and OpenAI responds to a lawsuit from The New York Times. Microsoft's AI screened 32 million materials for batteries, Samsung partnered with Marvel for an ad, Google's AI processors are under legal scrutiny, Microsoft's Notepad will charge for AI co-writing, and OpenAI blames a bug for ChatGPT's content issues.

Portfolio Pulse from Benzinga Neuro

January 13, 2024 | 9:55 am

Sharmin Mossavar-Rahmani, CIO of Goldman Sachs' private wealth management group, expressed skepticism about Bitcoin ETFs, stating that Bitcoin is not a legitimate investment but rather 'total speculation'. Despite a false announcement of a Bitcoin ETF approval, which led to market volatility, Goldman Sachs has not applied for a Bitcoin ETF and advises clients against investing in cryptocurrencies. Bitcoin's price experienced a pullback, trading under $43,000 after previously crossing $49,000.

Portfolio Pulse from Rounak Jain

January 13, 2024 | 5:35 am

UXIN

Trading on the stock of Uxin Limited (UXIN) 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 13, 2024 | 12:50 am

SFE

Trading on the stock SFE 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 13, 2024 | 12:50 am

RNAZ

Trading on the stock RNAZ 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 news.

Portfolio Pulse from Benzinga Newsdesk

January 13, 2024 | 12:50 am

ATAI

CMND

CMPS

GHRS

PSIL

MAPS Public Benefit Corporation, a subsidiary of MAPS, has raised over $100M in Series A funding to support FDA approval of MDMA for PTSD treatment. The U.S. Department of Veterans Affairs is funding psychedelic research for veterans with PTSD and depression. A list of 30 influential figures in psychedelics for 2024 was highlighted. Psychedelics policy reform is advancing in 13 states. Psychedelics stocks and ETFs showed varied performance, with some like GH Research and Atai Life Sciences closing higher, while others like Clearmind Medicine saw a decline.

Portfolio Pulse from Lara Goldstein

January 12, 2024 | 9:55 pm

AAPL

BAC

GBTC

GOOGL

IBIT

JPM

MSFT

TSLA

WFC

The SEC approved spot Bitcoin ETFs, with significant inflows on their debut. Inflation rose to 3.4%, potentially affecting Fed policies. JPMorgan, Bank of America, Wells Fargo, and Citigroup reported mixed financial results. A study predicts a $1-trillion boost from generative AI, while Google's layoffs cause concern. Microsoft briefly overtook Apple as the most valuable company, and Tesla cut prices in China to boost competitiveness.

Portfolio Pulse from Piero Cingari

January 12, 2024 | 9:36 pm

NLSP

NLS Pharmaceutics has received a letter from Nasdaq regarding non-compliance with continued listing requirements. The company must submit a plan to regain compliance and may face delisting if it fails to meet the requirements or if the plan is not accepted.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 9:33 pm

ETAO

ETAO International has received a Nasdaq Staff Determination letter indicating that the company is not in compliance with Nasdaq's listing requirements due to delinquency in filing required periodic financial reports.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 9:31 pm