Streetbeat News

Regulatory

GOOG

GOOGL

Google plans to test a new 'Tracking Protection' feature in Chrome that limits the use of tracking cookies by advertisers starting January 2024. This feature will initially affect 1% of Chrome users globally. The move is part of Google's broader initiative to phase out third-party cookies by the second half of 2024, which has raised concerns among advertisers about data collection for ad personalization. BofA Global Research notes that media agencies with large-scale proprietary insights may benefit from this change.

Portfolio Pulse from Benzinga Neuro

December 15, 2023 | 7:02 am

BTCUSD

Bitcoin's price surged past $44,000, driven by optimism around potential Bitcoin spot ETFs and positive sentiment from politicians and institutions. Eli Taranto of EQITrade discussed the growing acceptance of Bitcoin, the role of CBDCs in finance, and reflected on Cathie Wood's prediction of BTC reaching $1 million, suggesting a $500,000 target is possible. Presidential candidates are increasingly discussing crypto, indicating its integration into the global economy. BTC was trading at $42,784 at the time of the article.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 5:52 am

SPY

Economist Mohamed El-Erian expressed concerns about the eroding leadership of the Western-led global economic order, attributing it to internal stress and policy missteps over the years. He warned of increased global fragmentation and disorder if the current international framework fails. El-Erian urged Western Powers to strengthen multilateral institutions to mitigate risks. Despite these concerns, the SPDR S&P 500 ETF Trust (SPY) has gained about 25% this year.

Portfolio Pulse from Shanthi Rexaline

December 15, 2023 | 5:49 am

BTCUSD

Bitcoin's price surged past $44,000, influenced by the Federal Reserve's decision to maintain interest rates and optimism for Bitcoin spot ETFs. Eli Taranto of EQITrade, parent company of EQI Bank, expressed confidence in Bitcoin's potential and the positive stance of politicians and institutions. He also discussed the benefits of CBDCs and the importance of public-private collaboration in finance. Taranto commented on Cathie Wood's prediction of Bitcoin reaching $1 million, suggesting a $500,000 target as possible due to the demand and access an ETF would provide.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 5:21 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) saw gains following the Federal Reserve's indication of potential interest rate cuts. JPMorgan analysts predict ETH will outperform BTC due to an upcoming upgrade, while expressing skepticism about the impact of a potential BTC ETF approval by the SEC. The global crypto market cap increased by 4.49%, and the S&P 500 and Nasdaq also rose slightly. Analysts note significant capital inflows into BTC and ETH, and a shift in support and resistance for ETH, suggesting a positive trend.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 2:56 am

META

Senator Elizabeth Warren wrote to Meta Platforms Inc. CEO Mark Zuckerberg, seeking transparency on how the company moderates Palestinian-related content on Instagram, especially after the Israel-Hamas conflict. Warren cited concerns over content suppression, filtering, mistranslation, and reports of shadowbanning. She referenced the BSR report's recommendations and demanded details on Meta's content policies and actions since the October 7 attack.

Portfolio Pulse from Ananya Gairola

December 15, 2023 | 2:22 am

CVX

SPY

XOM

Guyana and Venezuela have agreed to continue dialogue on pending matters related to their territorial dispute, with a mutual agreement to avoid conflict escalation, as reported by Reuters citing St Vincent Prime Minister.

Portfolio Pulse from Charles Gross

December 15, 2023 | 12:54 am

MRK

The FDA has approved Merck's WELIREG for treating advanced renal cell carcinoma in patients previously treated with a PD-1 or PD-L1 inhibitor and a VEGF-TKI. The approval is based on the LITESPARK-005 trial results, which showed WELIREG's superior progression-free survival and objective response rate compared to everolimus.

Portfolio Pulse from Charles Gross

December 15, 2023 | 12:34 am

VAPO

Vapotherm, Inc. has been suspended from trading on the NYSE due to its failure to maintain the required average global market capitalization of at least $15 million over a consecutive 30 trading day period. The company's common stock is expected to begin trading on the OTCQX market following the suspension.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:31 pm

TMUS

SpaceX has received FCC approval to test direct-to-cell technology using Starlink satellites and mobile phones, in partnership with T-Mobile US Inc (NASDAQ:TMUS). The trials will involve around 2,000 test devices and 840 satellites, aiming to provide connectivity in remote areas beyond the reach of cell towers.

Portfolio Pulse from Ryan Gustafson

December 14, 2023 | 10:40 pm