Streetbeat News

Regulatory

CITADEL

SPY

The U.S. Securities and Exchange Commission (SEC) has charged Citadel Securities for violating order marking requirements of short sale regulations.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 2:05 pm

SPY

The S&P Global U.S. Manufacturing PMI for September was reported at 48.9, slightly higher than the estimated 48.0 and the prior figure of 47.9.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:54 pm

JD

JD.Com Inc (NASDAQ:JD) shares are trading higher by 3.7% amid renewed hopes of economic growth in China. This is due to China's new property policy aimed at stabilizing the housing market and revitalizing the real estate sector. JD.Com has a 52-week high of $67.10 and a 52-week low of $29.51.

Portfolio Pulse from Henry Khederian

September 22, 2023 | 1:31 pm

GE

The U.S. Federal Aviation Administration (FAA) has raised concerns over the potential presence of unauthorized components in General Electric Company's (NYSE:GE) model CF6 jet engines. The FAA has advised aircraft owners to perform inspections to identify these components. The unauthorized parts were allegedly sold by U.K.-based company, AOG Technics, without the requisite FAA approvals. CFM International, a jet engine manufacturer, reported that AOG Technics might have distributed thousands of engine components with forged documentation. GE shares closed lower by 1.62% at $112.99 on Thursday.

Portfolio Pulse from Shivani Kumaresan

September 22, 2023 | 1:06 pm

GS

The Securities and Exchange Commission (SEC) has announced that Goldman Sachs (GS) will pay $6 million in penalties for providing deficient blue sheet data.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:06 pm

FATH/W

The New York Stock Exchange (NYSE) has announced that it will begin delisting proceedings for the warrants of Fathom Digital Manufacturing.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:03 pm

JAZZ

LGND

Ligand Pharmaceuticals (NASDAQ:LGND) announced that its partner Jazz Pharmaceuticals (NASDAQ:JAZZ) has received approval from the European Commission for Enrylaze, a treatment for acute lymphoblastic leukemia and lymphoblastic lymphoma. The approval expands the market for one of Ligand's key commercial-stage products. Ligand is eligible to receive milestone payments and tiered royalties based on worldwide net sales of any products resulting from its collaboration with Jazz, including Rylaze.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:01 pm

AAPL

NVDA

QCOM

SWKS

Huawei has unveiled its 5G Kirin 9000s processor, which has been used in its Mate 60 smartphone series. The series has seen impressive sales in China, with over 300,000 units sold within the first two weeks. This marks Huawei's first venture into the 5G realm since U.S. sanctions disrupted its business three years ago. The company has also started shipping surveillance camera chips, showcasing its resilience in navigating U.S. export controls.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 12:58 pm

SPY

Federal Reserve's Cook did not comment on monetary policy or economic outlook in his prepared remarks to an AI conference, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:51 pm

INTC

QCOM

SSNLF

TSM

The Biden administration has set guidelines restricting the growth of semiconductor companies in China that receive federal funds for establishing facilities in the U.S. The Chips Program Office will restrict companies from significantly increasing their production or expanding their manufacturing footprint in China. The growth limits are set at 5% for advanced chips and 10% for older technologies. Companies like Intel Corp, Taiwan Semiconductor Manufacturing Co, and Samsung Electronics Co will likely receive federal incentives for new U.S.-based facilities.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 12:43 pm