Streetbeat News

Regulatory

CYCC

Cyclacel Pharmaceuticals' stock is trading higher following the announcement that the company has regained compliance with Nasdaq listing requirements.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:56 pm

F

Ford's CFO has indicated that as the adoption of electric vehicles (EVs) slows down, hybrid vehicles will play a crucial role in meeting regulatory requirements. This statement was made during the Barclays Conference, suggesting that Ford is considering the importance of hybrid technology in its future strategy.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:40 pm

USO

OPEC+ has set production targets for Angola at 1.11 million barrels per day, Congo at 0.277 million barrels per day, and Nigeria at 1.5 million barrels per day, according to a draft statement reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:33 pm

EWZ

USO

Brazil is set to join the OPEC+ oil alliance next year, according to delegates. This move could potentially influence global oil production levels and impact oil prices.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:32 pm

USO

OPEC+ has revised the production targets for an African producer for the year 2024, according to a draft statement. The specific details of the revision and the impact on the global oil market were not disclosed in the article.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:31 pm

F

Ford's CFO, at the Barclays conference, indicated that the Inflation Reduction Act is generating significant demand from commercial customers. This suggests a positive outlook for Ford's commercial vehicle sales, potentially leading to increased revenue and profitability in the short term.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:22 pm

CRM

DJIA

QQQ

SNOW

SNPS

SPY

The Personal Consumption Expenditures (PCE) data, a key inflation gauge for the Fed, came in line with expectations, disappointing both market bulls and bears who were expecting a different outcome to influence market direction. Positive earnings from Salesforce, Snowflake, and Synopsys, all benefiting from AI, have lifted the stock market. Eurozone inflation fell more than expected, while China's PMI data suggests economic weakening. Early trade money flows are positive for several tech giants but negative for Amazon. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 are also seeing positive money flows. The Arora Report advises investors to maintain a balance between cash, hedges, and investments to protect and participate in market upside.

Portfolio Pulse from The Arora Report

November 30, 2023 | 3:21 pm

AAPL

DIS

FB

Meta Platforms Inc.'s (NASDAQ:FB) social media platform Threads is set to launch in the EU this December after a successful launch in other markets in July. The EU launch was delayed due to strict online service regulations, but Threads will comply by offering a consumption-only option without the need for a personal profile. Adam Mosseri, head of Instagram, announced a feature for users to delete or deactivate their Threads profile. Meta's CEO, Mark Zuckerberg, reported Threads has nearly 100 million monthly users. The EU expansion is timely as advertisers like Apple Inc. (NASDAQ:AAPL) and Disney (NYSE:DIS) have paused spending on rival platform X after Elon Musk's remarks.

Portfolio Pulse from Benzinga Neuro

November 30, 2023 | 3:13 pm

BAC

The Financial Industry Regulatory Authority (FINRA) has fined a Bank of America unit $24 million for engaging in Treasuries spoofing and for related supervisory failures.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:10 pm

USO

OPEC+ ministers have commenced a meeting to discuss the oil output levels for the year 2024. The outcome of this meeting is expected to influence global oil supply and potentially affect oil prices.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:03 pm