Streetbeat News

Regulatory

RYVYL

RYVYL shares are trading higher following the announcement that the company has regained compliance with Nasdaq listing requirements.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 6:06 pm

COIN

Coinbase has filed a petition in a federal appeals court to review the SEC's decision to deny the crypto exchange's request for new digital asset sector rules. The SEC, with a 3-2 vote, declined to propose new rules, stating disagreement with Coinbase's claim that current regulations are 'unworkable' for the crypto industry.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 6:05 pm

EBIX

LNTH

Lantheus Holdings, Inc. (LNTH) shares fell by over 22% after announcing topline results from a phase 3 study with POINT Biopharma. Other stocks moved in Monday's mid-day session with notable gainers and losers across various sectors. United States Steel Corporation (X) rose after an acquisition announcement by Nippon Steel, while Ebix, Inc. (EBIX) shares plummeted following a Chapter 11 filing and asset sale agreement.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 6:05 pm

MASI

Masimo (NASDAQ:MASI) announced FDA clearance for its Stork baby monitoring system, designed for home use with babies 0-18 months. Stork uses Masimo's sensor technology to monitor oxygen saturation, pulse rate, and skin temperature, and includes alarms and video surveillance. It is available for non-medical use and now for prescription use as a medical device. The technology, known as SET, has been used in NICUs and is recognized for its accuracy even during motion and low perfusion. Stork is available at retailers and online, with prescription features accessible through the Masimo Stork App.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 6:02 pm

ETHUSD

On Sunday, 8,517.60 Ether (ETH) valued at $18.4 million was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% per year, expected to drop to 0.5-1% with Ethereum 2.0, potentially making ETH deflationary. The net annualized issuance rate for Ether was -10.01% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 6:00 pm

GDHG

MSS

Hindenburg Research has taken a short position on Maison Solutions ($MSS), predicting it will face a downfall similar to $GDHG. $MSS, which went public in October at $4 per share and reached a market cap of over $265M, is described as overvalued and in financial distress. The company has a high P/S ratio compared to peers, and there are concerns about its financials, management's background, and potential undisclosed related-party transactions. The underwriter and auditor have questionable histories, and there's evidence of stock promotion via WhatsApp chat rooms.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:56 pm

HTZ

LYFT

TSLA

UBER

President Biden's administration announced new commitments to boost the electric vehicle sector, including guidelines for federal employees to prioritize electric vehicles for official travel. Hertz Global Holdings Inc (HTZ) plans to increase electric vehicle rentals, Lyft Inc (LYFT) offers a 'Green Mode' for eco-friendly rides, and Uber Technologies (UBER) expands its 'Green Curb at Airports' program. Tesla Inc (TSLA) could benefit from the push for electric vehicles and is working to improve charging infrastructure.

Portfolio Pulse from Chris Katje

December 18, 2023 | 5:44 pm

HODL

Jan van Eck, CEO of VanEck, predicts Bitcoin will surpass its $69,000 peak within 12 months, anticipating SEC approval for spot Bitcoin ETFs. VanEck, which filed for a Bitcoin-related ETF in 2017, has renamed its ETF proposal ticker to 'HODL'. Van Eck sees Bitcoin as a store-of-value investment, similar to gold, and expects the upcoming Bitcoin halving event to boost its value. He believes the SEC will approve all spot Bitcoin ETF applications simultaneously.

Portfolio Pulse from Murtuza Merchant

December 18, 2023 | 5:41 pm

SPY

VGK

The White House has announced that the U.S. is planning to send an additional aid package to Ukraine later this month. This move is part of the ongoing support the U.S. has provided to Ukraine amidst the conflict in the region.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:38 pm

EIS

SPY

USO

A Hamas official in Beirut stated that negotiations for a hostage exchange with Israel are not an option until Israel ceases its military actions in Gaza. However, Hamas is open to considering initiatives from Qatar and Egypt that aim to facilitate a hostage exchange and bring an end to the conflict in Gaza.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:37 pm