Streetbeat News

Regulatory

STLA

Stellantis NV (NYSE:STLA) owned Chrysler is recalling over 4000 plug-in hybrid vehicles due to fire risks. The recall affects the 2023-24 Alfa Romeo Tonale and Dodge Hornet models. The issue is due to certain cables not being tightened properly, which may cause the electrical connections to overheat and potentially cause a fire.

Portfolio Pulse from Anan Ashraf

September 14, 2023 | 9:06 am

GOOG

GOOGL

META

TSLA

Tesla Inc. (NASDAQ:TSLA), Meta Platforms Inc. (NASDAQ:META), and Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) CEOs met with over 60 senators on Capitol Hill to discuss the need for AI regulation in the U.S. The meeting aimed to address the growing consensus on the necessity of government intervention in the rapidly advancing field of AI. The CEOs stressed the need for a regulatory body to ensure that AI companies prioritize public safety and that American companies should lead in shaping AI models on critical issues.

Portfolio Pulse from Ananya Gairola

September 14, 2023 | 8:47 am

BTCUSD

Former Goldman Sachs executive Raoul Pal commented on the SEC's ongoing battles with the crypto industry, stating that the SEC is 'fighting a cultural movement'. This comes in response to a parody song criticizing the SEC's stance on categorizing NFTs and cryptocurrencies as securities. Meanwhile, the SEC has delayed decisions on spot bitcoin ETF applications filed by several companies, including BlackRock and WisdomTree, until October.

Portfolio Pulse from Mehab Qureshi

September 14, 2023 | 6:54 am

INDA

India's Wholesale Price Index (WPI) inflation for August was reported at -0.52%, slightly better than the estimated -0.60% and significantly improved from the prior -1.36%.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 6:31 am

NKLA

Nikola Corp's CEO, Steve Girsky, has termed the recent fires in its battery electric trucks as a 'setback', but assured that it won't affect the deliveries of its hydrogen-powered trucks. The company issued a recall for all the vehicles in the market between dealers and customers in August, following several incidents of fire since June. The cause of the fires was identified as a coolant leak within the battery packs. Nikola has halted deliveries of its battery electric vehicles until the recall is complete, but is preparing to deliver its hydrogen fuel cell trucks, which use different battery packs from a different supplier.

Portfolio Pulse from Anan Ashraf

September 14, 2023 | 5:20 am

EWA

Australia's full employment change for August was 2.8K, a significant improvement from the revised prior figure of -18.7K.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:41 am

EWA

Australia's employment change for August was 64.9K, significantly higher than the estimated 23.0K. The prior figure was revised to -1.4K.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:40 am

BTCUSD

ETHUSD

PYPL

Crypto infrastructure provider Paxos has admitted to overpaying a Bitcoin network fee by $510,000 due to a bug affecting a single transfer. The error was initially speculated to involve PayPal Holdings Inc, but Paxos clarified that PayPal was not responsible. Paxos is in discussions with the miner who received the excess fee to recover the funds. PayPal uses Paxos to manage its crypto custody services.

Portfolio Pulse from Mehab Qureshi

September 14, 2023 | 4:02 am

AAPL

The White House has accused China of implementing a ban on Apple Inc.’s iPhones as a retaliatory measure amid ongoing trade tensions. China's foreign ministry spokeswoman denied the existence of specific laws targeting Apple or foreign phone brands. The uncertainty regarding Apple’s status in China, a crucial production base and market for the company, has left investors on edge.

Portfolio Pulse from Ananya Gairola

September 14, 2023 | 3:19 am

AAWH

CURLF

GTBIF

TSNDF

VRNOF

Maryland's cannabis market has seen a significant increase in sales since transitioning from medical to recreational use, with August sales reaching $91.7 million, up from $42.7 million in June. The top cannabis stores in the state are reportedly making $25-30 million each in sales. Maryland's regulator has issued 101 dispensary licenses and plans to release an additional 75. Publicly traded multi-state operators in the market include Ascend (OTC:AAWH), Curaleaf (OTC:CURLF), Green Thumb (OTC:GTBIF), TerrAscend (OTC:TSNDF), and Verano (OTC:VRNOF).

Portfolio Pulse from Nicolás Jose Rodriguez

September 13, 2023 | 9:52 pm