Streetbeat News

Regulatory

DBO

UCO

USO

China is urging Israel and Iran to de-escalate tensions to avoid further conflict, amid falling oil prices due to weak demand from China and geopolitical instability in the Middle East. This has impacted oil-related ETFs, with USO, DBO, and UCO experiencing significant declines.

Portfolio Pulse from Benzinga Neuro

October 15, 2024 | 9:23 am

LIPO

Lipella Pharmaceuticals Inc. (NASDAQ:LIPO) has received a notice of allowance from the USPTO for its liposomal drug delivery platform, marking a significant milestone in its development of therapies for serious diseases.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:09 am

VSAT

Viasat, Inc. (NASDAQ:VSAT) has successfully demonstrated direct-to-device satellite connectivity in India, showcasing two-way messaging services at the India Mobile Congress. This breakthrough, in partnership with BSNL, highlights the feasibility of satellite services for consumer and IoT devices, aligning with new global mobile standards.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:47 am

BABA

BIDU

FXI

MCHI

NIO

PGJ

TCHI

XPEV

China is considering issuing $850 billion in special treasury bonds to stimulate its economy and manage local debt. This news comes as U.S.-listed Chinese stocks, including Alibaba, Baidu, and JD.com, have seen declines due to unmet expectations for economic measures. ETFs like Invesco Golden Dragon China and iShares MSCI China Tech ETF have shown mixed performance.

Portfolio Pulse from Pooja Rajkumari

October 15, 2024 | 7:47 am

AMD

NVDA

The Biden administration is considering restricting the export of advanced AI chips from Nvidia and AMD to certain countries, including those in the Persian Gulf, due to national security concerns. This move follows existing restrictions aimed at China and could impact Nvidia's GPU sales.

Portfolio Pulse from Ananya Gairola

October 15, 2024 | 4:09 am

BTCUSD

Mark Cuban defends Kamala Harris' understanding of cryptocurrency, contrasting her approach with Donald Trump's token sales. Cuban supports Harris' regulatory framework and criticizes Trump's DeFi project. He also discusses the legal constraints on transferring state-owned Bitcoin.

Portfolio Pulse from Aniket Verma

October 15, 2024 | 1:37 am

TSLA

XPEV

Chinese carmakers, including Xpeng and GAC, have downplayed fears of challenging European legacy manufacturers with cheaper EVs, emphasizing their long-term commitment to the European market. This comes amid EU tariffs on Chinese EVs and potential trade tensions.

Portfolio Pulse from Benzinga Neuro

October 15, 2024 | 1:17 am

CVX

DINO

MPC

XOM

California Governor Gavin Newsom has signed a new law to regulate oil refineries and control gas prices, reducing the influence of Big Oil in the state. The law mandates oil companies to prevent price surges and requires refiners to store more gas and share resupply plans. This move is part of California's transition from fossil fuels to renewable energy.

Portfolio Pulse from Benzinga Neuro

October 15, 2024 | 12:22 am

UCO

USO

Oil prices fell after Israeli PM Netanyahu indicated military targets in Iran would be struck, avoiding oil or nuclear sites. This decision aims to prevent political interference in U.S. elections and avoid raising energy prices. The United States Oil Fund (USO) and ProShares Ultra Bloomberg Crude Oil (UCO) both saw declines following the news and OPEC's reduced oil demand forecasts.

Portfolio Pulse from Erica Kollmann

October 14, 2024 | 10:40 pm

SPY

UUP

Federal Reserve Governor Christopher J. Waller expressed caution over interest rate cuts due to disappointing inflation data, despite strong economic growth. The U.S. dollar index rose, and the S&P 500 index extended its record highs.

Portfolio Pulse from Piero Cingari

October 14, 2024 | 9:58 pm