Streetbeat News

Regulatory

SPY

White House spokesperson John Kirby has called for the unconditional release of a ship and its crew by the Houthis in the Red Sea. The situation could potentially escalate tensions in the region, which may affect global markets and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 5:44 pm

BNBUSD

Binance CEO Changpeng Zhao is reportedly resigning and admitting guilt to U.S. anti-money laundering charges, with Binance agreeing to a $4.3 billion penalty. This settlement could secure the company's future operations. Zhao will keep his majority stake but step down from any executive role. The DOJ is expected to announce details in a briefing.

Portfolio Pulse from Murtuza Merchant

November 21, 2023 | 5:44 pm

EWJ

EWY

SPY

The White House has issued a strong condemnation of North Korea's use of ballistic missile technology in the launch of a space launch vehicle, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 5:23 pm

BNBUSD

BTCUSD

ETHUSD

Changpeng Zhao, CEO of Binance, is set to plead guilty to U.S. anti-money laundering charges. Binance will also plead guilty and pay a $4.3 billion fine. Zhao will retain majority ownership of Binance despite the charges.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 5:20 pm

BTCUSD

Bloomberg Intelligence analyst Jamie Coutts has linked central bank liquidity and global money supply to Bitcoin's dynamics, noting a structural uptrend in cryptocurrency adoption despite volatility. Bitcoin is increasingly seen as a reserve asset by energy-rich nations investing in mining, indicating its growing financial significance. A Bitfinex report also points to a substantial increase in Bitcoin's value, cautioning investors ahead of the 2024 Bitcoin halving event.

Portfolio Pulse from Murtuza Merchant

November 21, 2023 | 5:11 pm

BNBUSD

BTCUSD

ETHUSD

SPY

Binance CEO Changpeng Zhao is reportedly in talks to step down amid a potential $4 billion settlement with the U.S. Department of Justice (DOJ) and Commodities Futures Trading Commission (CFTC) to conclude a criminal investigation. The Securities and Exchange Commission (SEC) is not involved in the settlement. No comments from Binance, DOJ, CFTC, or SEC were available at the time of publication.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:56 pm

ATUS

CHTR

CMCSA

DISH

The FCC Chair has proposed a ban on early termination fees charged by cable and satellite TV providers. This move could affect companies like ATUS, CHTR, CMCSA, DISH, T, and VZ by potentially reducing their revenue from such fees.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:39 pm

VTVT

vTv Therapeutics Inc. implemented a 1-for-40 reverse stock split on November 20, 2023, to regain compliance with Nasdaq's minimum share price requirement. The reverse split affected both Class A and Class B common stock, with fractional shares rounded up. The post-split trading of Class A common stock under the symbol 'VTVT' with a new CUSIP number began on November 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:31 pm

EWJ

EWY

North Korea launched what it claims to be a military spy satellite, detected by South Korea's military and confirmed by Japan. The launch violates UN resolutions and comes after North Korea's previous failed attempts in May and August. South Korea and the US have warned against such actions, and South Korea hinted at suspending a military agreement with the North. The launch was unexpected, as it occurred before the notified window. Experts believe North Korea's satellite capabilities could enhance its military intelligence. South Korea plans to launch its own spy satellite with SpaceX later this month. The US has increased defense cooperation with South Korea and Japan, with the USS Carl Vinson arriving at South Korea's Busan Naval Base.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:20 pm

MRNA

A spokesperson from Moderna has expressed disagreement with the European Patent Office's decision regarding the '565 patent. Moderna maintains confidence in the strength and validity of the patent and plans to appeal the decision.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:58 pm