Streetbeat News

Regulatory

BTCUSD

Kevin O'Leary, during a discussion at Benzinga's Crypto Unlocked event, emphasized the need for institutional investment in cryptocurrencies like Bitcoin (BTC) for their value to increase. He stated that the 'Wild West' era of crypto, characterized by lack of regulation and high speculative trading, needs to end for a more stable financial ecosystem to emerge. O'Leary also highlighted the need for a regulatory framework that mitigates risks associated with fraudulent activities in the crypto space.

Portfolio Pulse from Jose Rodrigo Safdiye

October 03, 2023 | 2:47 pm

VQS

VIQ Solutions Inc. (NASDAQ:VQS) shares are trading higher, despite the company's recent announcement of its stock delisting from the Nasdaq due to failure to meet the $1.00 minimum bid price listing requirement. The company also announced the resignation of its director. The stock remains more than 20% down over the last month.

Portfolio Pulse from Erica Kollmann

October 03, 2023 | 2:33 pm

SPY

U.S. House Speaker McCarthy has expressed concern over the potential removal of a Speaker who has managed to keep the government open, stating that such a move would indicate a 'really bad place'.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 2:14 pm

SPY

The USA JOLTs job openings for August were reported at 9.610 million, significantly higher than the estimated 8.800 million and the prior figure of 8.827 million.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 2:01 pm

SPY

U.S. House Speaker McCarthy has announced that he will hold a vote on a motion to vacate on Tuesday. He has also informed House Republicans that he will not be cutting a deal with Democrats, according to Republican Representative Hern.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:33 pm

AAL

DAL

GE

LUV

SAFRY

UAL

Delta Air Lines has discovered unauthorized components in less than 1% of its over 2,100 jet engines. Other airlines, including American Airlines, United Airlines, and Southwest Airlines, have also reported finding fake parts associated with AOG Technics Ltd. This London-based firm is under investigation over the spare parts it provided for a jet engine model produced by CFM International, a collaboration between General Electric and Safran SA. Delta confirmed that none of its aircraft are currently flying with unapproved parts.

Portfolio Pulse from Shivani Kumaresan

October 03, 2023 | 1:32 pm

AMGN

The U.S. FDA staff reviewers have expressed doubts about the effectiveness of Amgen's lung cancer drug, based on the company's late-stage trial results. This could potentially impact the approval of the drug.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:32 pm

AMZN

EWU

MSFT

Ofcom, the UK's communications regulator, is reportedly pushing for an investigation by the UK Competition and Markets Authority into the dominance of Amazon (AMZN) and Microsoft (MSFT) in the UK cloud market. A report on this matter is due on Thursday.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:25 pm

BTCUSD

ETHE

Grayscale, the world's leading crypto asset manager, is likely to be approved by the SEC for a Bitcoin ETF. Grayscale is also applying to convert the Grayscale Ethereum Trust (ETHE) to a spot Ethereum ETF. The ETHE trust represents 2.5% of all ETH in circulation and is the largest ETH investment vehicle globally. Shares of ETHE spiked 6.15% following the announcement. Prominent investor Tim Draper commented that the approval of a spot Bitcoin ETF seems to be a matter of time and will encourage more adoption and investments in BTC.

Portfolio Pulse from Justin Roberti

October 03, 2023 | 1:20 pm

GOGO

Skyservice Business Aviation has partnered with Gogo Business Aviation to receive Transport Canadian Certification for Gogo 5G on Bombardier Challenger 300 series. This partnership will allow Skyservice to install Gogo 5G systems on Bombardier Challenger 300 series aircraft.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:18 pm