Streetbeat News

Regulatory

JD

JD.Com Inc's shares are trading lower due to concerns over China's property sector, particularly the ongoing investigation into China Evergrande's Hengda Real Estate subsidiary. Economic uncertainty and a shaky property market may lead to a slowdown in JD.com's sales growth as consumers cut back on discretionary spending and big-ticket purchases.

Portfolio Pulse from Henry Khederian

September 25, 2023 | 4:23 pm

BCS

BNPQY

GS

HSBC

Major global banks including Goldman Sachs Group, Inc. (GS), HSBC Holdings, Plc (HSBC), Barclays PLC (BCS), and BNP Paribas (BNPQY) are collaborating to develop a unified method of revealing clients' stock positions. The initiative, named Endoxa, aims to enhance transparency, reduce expenses, and mitigate the potential dangers of under-reporting. The banks are working with RegTech expert Droit to optimize their efforts.

Portfolio Pulse from Akanksha Bakshi

September 25, 2023 | 4:18 pm

MFG

MUFG

SMFG

Japanese stocks are trading lower following the Bank of Japan's decision to maintain short-term interest rates at -0.1% and continue with a loose monetary policy.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 4:12 pm

BCLI

Shares of Brainstorm Cell Therapeutics Inc (NASDAQ:BCLI) are plunging after the FDA raised concerns over the safety and efficacy of the company's ALS therapy, NurOwn. The FDA stated that there is insufficient evidence to support NurOwn's clinical benefit and identified a higher incidence of deaths in the treatment group. This news follows a refusal to file letter from the FDA regarding Brainstorm's marketing application for NurOwn last year.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 3:49 pm

LI

Shares of Li Auto, Inc. (NASDAQ:LI) are trading lower amid concerns over China's property sector and the broader Chinese economic recovery. The Chinese EV sector has been volatile due to reports of loosening restrictions on foreign investments. The broader EV sector is also being watched as the United Auto Workers (UAW) continue to strike against the Big Three automakers in the U.S. Shares of LI are down on heavy trading volume.

Portfolio Pulse from Erica Kollmann

September 25, 2023 | 3:31 pm

ALVO

Alvotech's shares are trading higher following the announcement of the approval of AVT04 in Japan.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:23 pm

MARA

Capital Ventures International has increased its stake in Marathon Digital Holdings to 6.1%, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:17 pm

BTCUSD

DOGEUSD

ETHUSD

SPY

The article discusses the performance of Bitcoin, Ethereum, and Dogecoin since President Joe Biden took office. It also highlights the impact of Biden's cryptocurrency regulation and the stance of various political figures on cryptocurrencies. The total $300 investment in Bitcoin, Ethereum, and Dogecoin on Jan. 20, 2021, would be worth $843.75 today, representing a return of 181.3% in around two years and eight months. In comparison, investing $300 in the SPDR S&P 500 ETF Trust would have netted a return of 11.5% over the same period.

Portfolio Pulse from Chris Katje

September 25, 2023 | 3:15 pm

MRK

Research has found that the Covid antiviral drug developed by Merck & Co (MRK) may be linked to 'transmissible' mutations. The implications of this finding are yet to be fully understood.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:10 pm

BABA

BEKE

BILI

JD

LI

Chinese stocks are trading lower due to concerns over the country's property sector. This follows reports that China Evergrande is unable to issue new debt due to an investigation into its Hengda Real Estate subsidiary.

Portfolio Pulse from Bill Haddad

September 25, 2023 | 3:06 pm