Streetbeat News

Regulatory

FXI

The People's Bank of China has set the Loan Prime Rate at 3.10%, lower than the estimated 3.15% and down from the previous 3.35%. This decision could impact Chinese markets and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 4:57 am

BABA

BIDU

NVDA

Chinese AI companies, including Alibaba and ByteDance, are reducing AI costs despite US chip sanctions. They focus on smaller data sets, cheaper talent, and hardware optimization, cutting inference costs by over 90%. This challenges US firms like OpenAI and impacts Nvidia's chip sales.

Portfolio Pulse from Ananya Gairola

October 21, 2024 | 3:39 am

AAPL

AMD

META

MSFT

NVDA

TSM

The Biden administration is considering restrictions on chip sales from NVIDIA and AMD to the Middle East. Apple has a secret deal with BYD for EV batteries and is expanding its payment offerings. Microsoft settles an antitrust lawsuit and expands cloud gaming. Meta faces layoffs and legal challenges. TSMC starts manufacturing A16 chips for Apple in the US.

Portfolio Pulse from Lekha Gupta

October 20, 2024 | 5:45 pm

NYSE:GOLD

OTCPK:FQVLF

OTCQX:IVAPF

President Biden's upcoming visit to Angola highlights strategic motives, focusing on infrastructure development and critical mineral supply chains. The Lobito Corridor project, connecting Angola to the DRC and Zambia, is central to U.S. interests in countering China's influence and facilitating mineral exports crucial for EV and renewable energy technologies.

Portfolio Pulse from Stjepan Kalinic

October 19, 2024 | 9:33 pm

AAPL

TSM

The U.S. Commerce Department is investigating TSMC for potentially violating sanctions by supplying chips to Huawei, which could disrupt Apple's iPhone and Mac chip production. If TSMC is found guilty, it may face penalties affecting its access to U.S. technology, impacting its production capabilities.

Portfolio Pulse from Ananya Gairola

October 19, 2024 | 7:00 am

TSLA

Gene Munster from Deepwater Asset Management discussed Tesla's autonomous vehicle plans, highlighting potential cost savings and market impact. He revised his timeline for full autonomy, suggesting it will take longer than expected. Tesla's Robotaxi fleet could significantly contribute to its income by 2030.

Portfolio Pulse from Ananya Gairola

October 19, 2024 | 6:32 am

BTC-USD

The FBI has arrested Eric Council Jr. for allegedly hacking the SEC's social media account to falsely announce a Bitcoin ETF approval, causing a temporary surge in Bitcoin's price. The incident underscores vulnerabilities in social media security for high-profile organizations.

Portfolio Pulse from Rounak Jain

October 19, 2024 | 5:49 am

GOOG

GOOGL

A federal judge has granted Alphabet Inc. (Google) a temporary stay on a court order to revamp its Play Store, following an antitrust lawsuit by Epic Games. This allows the 9th U.S. Circuit Court of Appeals to review Google's appeal. Epic Games criticized the ruling as procedural.

Portfolio Pulse from Ananya Gairola

October 19, 2024 | 3:28 am

VFF

Village Farms International (NASDAQ:VFF) has been notified by Nasdaq for non-compliance with the minimum bid price requirement, as its shares have closed below $1.00. The company has until April 16, 2025, to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 10:52 pm

CELU

Celularity Inc. (NASDAQ:CELU) has received a delisting notice from Nasdaq due to delayed filing of its Forms 10-Q for Q1 and Q2 2024. The company plans to appeal and present a compliance plan. The stock continues to trade on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 10:51 pm