Streetbeat News

Regulatory

IRBT

iRobot shares are trading lower after news that Amazon declined a settlement offer from the European Commission regarding their acquisition deal.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:15 pm

UAL

United Airlines has announced the cancellation of 167 Max 9 flights today and anticipates significant cancellations on Thursday as well. The company is awaiting final approval on the full inspection process.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:13 pm

REBN

Reborn Coffee Inc received a notice from Nasdaq on January 4 regarding delisting or failure to satisfy continued listing rules, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:12 pm

AMZN

IRBT

Shares of iRobot (IRBT) experienced a sudden drop as traders shared a post indicating that Amazon (AMZN) may not proceed with a settlement offer with the European Commission regarding its acquisition of iRobot. This development could potentially affect the completion of the deal.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:04 pm

BYSI

BeyondSpring Inc. has received a delinquency notice from Nasdaq due to the late filing of its Form 6-K. The company is required to submit a plan to regain compliance within 60 calendar days. If Nasdaq accepts the plan, BeyondSpring may be granted up to 180 days from the Form 6-K's due date to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:01 pm

SPY

The SEC is investigating unauthorized access to its government account on Social Media Platform X, with plans to provide updates on the incident as appropriate, according to a Reuters report citing a spokesperson.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:36 pm

SPY

U.S. Senate Banking Committee Chairman Sherrod Brown has called for an Inspector General review of a compromise of the SEC's account on Social Platform X.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:30 pm

BTCUSD

The SEC's social media account was compromised, leading to a fake post about the approval of a spot Bitcoin ETF, which was later debunked by SEC chair Gary Gensler. Fundstrat's Tom Lee sees this as a reminder of Bitcoin's trustworthiness in a 'trustless world'. Despite the incident, Lee is optimistic about Bitcoin's future, predicting it could reach $150,000 within a year and $500,000 in five years. Bitcoin's price saw a 3% drop to $45,445 following the fake post.

Portfolio Pulse from Adam Eckert

January 10, 2024 | 7:25 pm

DIA

ISRG

META

PANW

QQQ

SPY

Wall Street sees modest gains with major indices in the green. The SEC's pending decision on Bitcoin ETFs keeps the market attentive, while Bitcoin's price stabilizes after a false tweet incident. Ethereum rises, anticipating potential ETF approval. Treasury yields are steady, the dollar is slightly down, and gold declines. Investors await the December inflation report. SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones (DIA), and Invesco QQQ Trust (QQQ) all see gains. Sector-wise, XLC and XLY are up, while XLE is down. Intuitive Surgical (ISRG) and Palo Alto Networks (PANW) stocks surge after positive reports, and Meta Platforms (META) hits a new high after a price target increase.

Portfolio Pulse from Piero Cingari

January 10, 2024 | 7:18 pm

BTCUSD

ETHUSD

Bitcoin futures experienced volatility amid traders circulating seemingly false headlines about a Bitcoin ETF trading on CBOE. No actual ETF was mentioned, and the rumors appear to be unfounded.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:13 pm