Streetbeat News

Regulatory

UEC

Uranium Energy Corp (UEC) shares rose following approval from the Wyoming Department of Environmental Quality to boost production at the Irigaray plant to 4 million pounds of U3O8 annually.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:16 pm

BTCUSD

Eric Council Jr. was arrested for hacking the SEC's X account, falsely announcing Bitcoin ETF approval, causing Bitcoin's price to spike. The ETFs were approved the next day. The hack involved SIM swapping and led to charges of identity theft and fraud.

Portfolio Pulse from Ivan Crnogatić

October 17, 2024 | 4:27 pm

COIN

Coinbase and Glassnode's Q4 Guide to Crypto Markets report highlights the growth and maturity of the crypto market, driven by Bitcoin ETFs, Ethereum staking, and stablecoins. Despite Bitcoin's stagnant price, the market shows sophistication with increased on-chain activity and trading volumes. Ethereum's market share in fees has risen significantly, and the stablecoin market cap reached a new high. The report suggests potential for future Bitcoin price appreciation following historical patterns.

Portfolio Pulse from Ivan Crnogatić

October 17, 2024 | 4:11 pm

AMZN

BBY

NFLX

NYT

PLNT

WMT

The FTC has finalized the 'click-to-cancel' rule to simplify subscription cancellations, impacting companies like Netflix, Amazon, and Planet Fitness. The rule aims to protect consumers from difficult cancellation processes and will take effect in six months.

Portfolio Pulse from Erica Kollmann

October 17, 2024 | 3:53 pm

NIO

NIO Inc's stock is falling due to investor concerns over China's vague stimulus measures, which lack specific support for the EV sector. NIO faces challenges from U.S.-China tensions and economic uncertainties, impacting demand for high-end EVs.

Portfolio Pulse from Henry Khederian

October 17, 2024 | 3:51 pm

SONN

Sonnet BioTherapeutics shares rose after the company announced it regained compliance with Nasdaq listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 3:44 pm

AGR

Senator Richard Blumenthal's office in Connecticut is investigating the acquisition of Avangrid (AGR) by Iberdrola. This scrutiny could impact the acquisition process and Avangrid's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 3:34 pm

ABBV

The FDA has approved AbbVie's Vyalev, a 24-hour subcutaneous infusion treatment for advanced Parkinson's disease, marking a significant advancement in PD therapy. Medicare coverage is expected by 2025. AbbVie's stock is currently trading above its 200-day moving average, indicating a bullish trend.

Portfolio Pulse from Vandana Singh

October 17, 2024 | 3:31 pm

BABA

Alibaba's stock is down 2.27% as investors are uncertain about China's economic stimulus measures, which lack specifics for the tech sector. Alibaba faces challenges from a weak domestic economy, regulatory crackdowns, and geopolitical tensions affecting its tech access.

Portfolio Pulse from Henry Khederian

October 17, 2024 | 3:27 pm