Streetbeat News

Regulatory

BIDU

NVDA

QQQ

SPY

Ahead of Nvidia's earnings, Nasdaq and S&P 500 futures indicate a modestly lower open. Analysts suggest a potential pause after recent gains but remain optimistic for a seasonal rally into year-end. Traders are watching the December Fed meeting minutes and bond yields. U.S. stocks had a strong performance on Monday, with technology stocks leading. Futures for SPDR S&P 500 ETF Trust and Invesco QQQ ETF are slightly down in premarket trading. Several companies, including Agilent Technologies and Baidu, reported earnings, with more companies scheduled to release their results.

Portfolio Pulse from Shanthi Rexaline

November 21, 2023 | 12:11 pm

AVGO

FXI

VMW

Shares of Broadcom (AVGO) and VMware (VMW) are experiencing volatility in premarket trading as traders react to a report that China's State Administration for Market Regulation has decided to approve Broadcom's acquisition of VMware with restrictive conditions.

Portfolio Pulse from Charles Gross

November 21, 2023 | 11:53 am

KODK

Eastman Kodak has been granted a new U.S. patent numbered 11822262, which pertains to a registration system for white toner using a sensing system with a colored reflector plate. This innovation could potentially enhance the precision and quality of printing processes involving white toner, a critical component in the printing industry.

Portfolio Pulse from Charles Gross

November 21, 2023 | 11:46 am

IMUX

Immunic, Inc. (NASDAQ:IMUX), a biotech company focused on therapies for chronic inflammatory and autoimmune diseases, announced the receipt of a Notice of Allowance from the USPTO for a patent application covering dosing regimens of Vidofludimus Calcium in treating Multiple Sclerosis.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:32 am

BBY

BIDU

HPQ

MSFT

NVDA

U.S. stocks closed higher on Monday, with the Dow Jones gaining over 200 points. Investor sentiment improved as the CNN Money Fear and Greed index remained in the 'Greed' zone. Microsoft shares rose over 2% after announcing new AI research team leaders. Investors are looking forward to FOMC minutes and earnings from Best Buy, HP, Baidu, and NVIDIA. The S&P 500 and Nasdaq also saw gains, while U.S. markets will be closed for Thanksgiving on Thursday.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 10:15 am

AAPL

GOOG

GOOGL

Apple Inc. (AAPL) and Alphabet Inc.'s Google (GOOG, GOOGL) leaders, Tim Cook and Sundar Pichai, expressed a desire for a 'deep, deep partnership' and to 'work as if we are one company' during a 2018 meeting. This aspiration for closer integration of services and overcoming information-sharing reluctance could attract antitrust scrutiny. The news comes amidst an ongoing Google antitrust trial by the US Department of Justice, where Apple's past privacy-focused stance against Google's Android was highlighted.

Portfolio Pulse from Rounak Jain

November 21, 2023 | 9:03 am

PGRU

PropertyGuru Group has revised its FY23 revenue forecast down to S$148M-S$152M from the previous S$160M-S$170M, citing a lack of recovery in Vietnam's property market and economic challenges in Malaysia. Despite the lower revenue outlook, the company maintains its 2023 Adjusted EBITDA outlook at S$11M-S$15M due to effective expense management.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:51 am

META

SNAP

The Senate Judiciary Committee has subpoenaed the CEOs of Discord and Snap Inc (SNAP), along with other tech leaders, to testify on Dec. 6 regarding children's online safety. The committee has expressed concerns over the mental health impact of social media on children and has noted the companies' failures in protecting children online. Meta Platforms Inc.'s (META) CEO, Mark Zuckerberg, and TikTok's CEO are also expected to voluntarily appear. Discord and another unnamed company, referred to as 'X', have shown reluctance to cooperate, prompting the use of the U.S. Marshals Service to serve subpoenas.

Portfolio Pulse from Benzinga Neuro

November 21, 2023 | 6:51 am

BTCUSD

DOGEUSD

Javier Milei, Argentina's next President, is gaining attention for his unconventional telepathic communications with his deceased dog, Conan, who he claims advised him on his political strategy. Milei's pro-Bitcoin stance has garnered support from prominent crypto figures like Balaji Srinivasan, Michael Saylor, Samson Mow, and Ryan Selkis, who are optimistic about potential Bitcoin-friendly reforms in Argentina. Elon Musk and Dogecoin co-founder Billy Markus also expressed positive sentiments about Argentina's future under Milei's leadership.

Portfolio Pulse from Mehab Qureshi

November 21, 2023 | 4:23 am

FSR

Fisker Inc's (NYSE:FSR) Chief Accounting Officer, Florus Beuting, resigned on November 14th, less than two weeks after his appointment on November 6th. The resignation follows Fisker's failure to file its Q3 10-Q report on time, receiving a notice from the NYSE. The company reported preliminary Q3 revenue of $71.8 million, which is below the consensus estimate of $109.029 million, and delivered less than 1,100 vehicles. Fisker has not explained the cause for the filing delay but plans to file the report within the next few days.

Portfolio Pulse from Anan Ashraf

November 21, 2023 | 3:50 am