Streetbeat News

Regulatory

SPY

Ray Dalio, billionaire and hedge-fund veteran, shared his perspective on LinkedIn about the pivotal nature of the year 2024. He highlighted five major interconnected influences: debt-money-markets-economy, internal conflict, external conflict, climate change, and human inventiveness. Dalio sees internal conflict as the biggest risk, potentially leading to pre-civil war conditions. He also discussed the implications of the U.S. elections, technological advancements, and climate change. The SPDR S&P 500 ETF Trust (SPY) was mentioned in relation to market performance.

Portfolio Pulse from Shanthi Rexaline

January 17, 2024 | 8:07 am

ARKW

BITW

GBTC

Peter Schiff predicts a sharp decline in Bitcoin's price due to anticipated stringent regulations from the SEC, following the approval of spot Bitcoin ETFs. Schiff believes these regulations will increase Bitcoin transaction costs and undermine its utility. The recent trading of new Bitcoin Spot ETFs saw about $10 billion in volume in just three days. SEC-approved Spot ETFs include those from Grayscale, Bitwise, Hashdex, iShares, Valkyrie, ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity Wise Origin, and Franklin.

Portfolio Pulse from Mehab Qureshi

January 17, 2024 | 7:23 am

EWU

The U.K. Producer Price Index (PPI) Input for December showed a decrease of 1.2%, which is more than the estimated decline of 0.7%. This figure also represents a larger decrease compared to the revised prior month's figure of -0.4%.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:02 am

EWU

The U.K. Consumer Price Index (CPI) for December showed an increase of 0.4%, which was higher than the estimated 0.2% and a reversal from the previous month's decline of 0.2%.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:01 am

EUDA

EUDA Health has regained compliance with Nasdaq's listing requirements, ensuring its continued listing on the exchange. This follows a period where EUDA may have been at risk of delisting due to non-compliance with Nasdaq's standards.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 6:06 am

FXI

China's GDP growth for Q4 came in at 5.2%, slightly below the estimated 5.3% but higher than the previous 4.9%. This may indicate a slower than expected economic expansion.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 5:23 am

FXI

China's Q4 GDP growth matched estimates at 1.0%, maintaining the same level as the forecast and showing no increase from the revised 1.5% growth in the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 5:23 am

NKLA

TSLA

Tesla Inc's executive Rohan Patel criticized government incentives for hydrogen use, aligning with CEO Elon Musk's skepticism. Patel called it an 'illogical government addiction' influenced by industry lobbying, despite investments in clean hydrogen production. Musk has previously dismissed hydrogen as an energy storage method, while competitors like Nikola Corp. see it as a viable energy source.

Portfolio Pulse from Anan Ashraf

January 17, 2024 | 4:45 am

BTCUSD

XRPUSD

Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler's approach to crypto regulation at the World Economic Forum in Davos. Garlinghouse called Gensler a 'political liability' and expressed concerns about the U.S. falling behind in crypto regulation. He mentioned the possibility of an IPO for Ripple but stated it is not an immediate priority. Garlinghouse also commented on the approval of Bitcoin ETFs and the potential for other crypto-based ETFs.

Portfolio Pulse from Mehab Qureshi

January 17, 2024 | 3:54 am

INTC

JPM

Chinese Premier Li Qiang met with business leaders, including JPMorgan's Jamie Dimon, at the World Economic Forum in Davos to attract foreign investment. Li emphasized China's stability and potential for high returns, promising a fair business environment despite recent economic challenges and a significant drop in foreign investment in China's stock market.

Portfolio Pulse from Benzinga Neuro

January 17, 2024 | 3:04 am