Streetbeat News

Regulatory

TSLA

Tesla Inc (NASDAQ:TSLA) defended its Autopilot system against a critical Washington Post article, emphasizing the system's safety and the moral imperative to expand its user base. Tesla refuted the article's claims by stating that Autopilot reduces crash incidence and that drivers maintain control even when using the system. The Washington Post reported on serious crashes involving Autopilot, suggesting Tesla has not taken steps to limit its use geographically, despite having the technical capability.

Portfolio Pulse from Anan Ashraf

December 12, 2023 | 6:29 am

GOOG

GOOGL

Google has updated its ad policies to allow advertising for cryptocurrency coin trusts targeting the U.S. market, effective December 6. This change could benefit potential Bitcoin spot ETFs, as companies like BlackRock, ARK Invest, and Grayscale may be able to advertise their products if approved by the SEC. The SEC's decision on 13 ETF applications is expected by January 10. Bitcoin's price was at $41,472, down 1.51% at the time of the report.

Portfolio Pulse from Mehab Qureshi

December 12, 2023 | 5:38 am

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc., is set to shut down its Google Play Movies & TV service in January. Users are being transitioned to the Google TV app and YouTube for accessing their purchased content. This move follows a federal jury ruling against Google's Android app store in an antitrust lawsuit by Epic Games, which highlighted misuse of antitrust barriers affecting consumers and developers.

Portfolio Pulse from Ananya Gairola

December 12, 2023 | 4:10 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin experienced its sharpest daily decline in nearly four months, leading to $236.04 million in liquidations across the crypto market. Ethereum and Dogecoin showed mixed performance. Analysts suggest Bitcoin could bounce back from the $39,500-40,000 level to above $42,000, potentially establishing a new range before year-end. The S&P 500 and Nasdaq Composite rose, with investors awaiting key inflation data that could influence Federal Reserve rate policy decisions.

Portfolio Pulse from Mehab Qureshi

December 12, 2023 | 3:12 am

NVDA

U.S. Commerce Secretary Gina Raimondo announced scrutiny of Nvidia Corp's (NASDAQ:NVDA) new AI accelerators for China to ensure compliance with U.S. export controls. Nvidia is developing these chips in accordance with strict guidelines, aiming to provide compliant data center solutions globally. The Commerce Department is committed to updating rules to address threats but has not indicated plans to restrict Nvidia's new chips. This follows chip industry concerns that tighter restrictions could harm U.S. businesses and aid China's chip industry.

Portfolio Pulse from Benzinga Neuro

December 12, 2023 | 3:05 am

GOOG

GOOGL

MSFT

Elon Musk's AI chatbot Grok is accused of copying OpenAI's ChatGPT responses and codebase. A user highlighted that Grok's disclaimer matched ChatGPT's, raising suspicions of codebase plagiarism. OpenAI, backed by Microsoft, responded with a snarky comment, to which Musk replied, hinting at OpenAI's use of data from social platforms. The incident reflects ongoing tensions between Musk and OpenAI's Sam Altman, and has led to Musk restricting access to X (formerly Twitter) and Reddit implementing strategies to monetize data access for companies like OpenAI and Google.

Portfolio Pulse from Rounak Jain

December 12, 2023 | 2:20 am

GOOG

GOOGL

A federal jury ruled that Google's Android app store, operated by Alphabet Inc, has unfairly maintained antitrust barriers, negatively impacting consumers and developers. The lawsuit, initiated by Epic Games, concluded with a unanimous verdict against Google after a four-week trial. U.S. District Judge James Donato will decide on remedial actions for Google's Play Store practices. The case highlights Google's control over app distribution and commission fees, contrasting with a previous loss by Epic against Apple.

Portfolio Pulse from Benzinga Neuro

December 12, 2023 | 1:10 am

GOOG

GOOGL

A San Francisco jury has ruled against Google in an antitrust case brought by Epic Games, finding that Google has created an antitrust market with its app store.

Portfolio Pulse from Charles Gross

December 12, 2023 | 12:40 am

SPY

The U.S. House of Representatives is set to vote on Thursday on an impeachment inquiry into President Biden, according to Reuters citing Representative McClain.

Portfolio Pulse from Charles Gross

December 11, 2023 | 10:27 pm

CMND

Clearmind Medicine Inc has filed an F-3 form with the SEC for a mixed shelf offering, allowing the company to issue various types of securities up to a total of $50 million.

Portfolio Pulse from Charles Gross

December 11, 2023 | 10:26 pm