Streetbeat News

Regulatory

SAIH

SAIHEAT Limited has received a non-compliance notification from Nasdaq due to its stock price falling below the $1.00 minimum bid requirement for 30 consecutive business days. This notification currently does not affect the trading of its securities.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:05 pm

ALTM

RIO

The Serbian parliament did not pass a ban on lithium mining, allowing Rio Tinto's Jadar project to continue. Despite environmental concerns, the project is crucial for Serbia's economy and geopolitical stance. Rio Tinto's acquisition of Arcadium enhances its global lithium operations.

Portfolio Pulse from Stjepan Kalinic

October 11, 2024 | 11:55 am

TSLA

Tesla plans to deploy autonomous full self-driving technology on its Model 3 and Model Y vehicles in Texas and California by 2025. However, regulatory hurdles and technological advancements are necessary for the rollout of Tesla's robotaxis. Analysts are optimistic about Tesla's Cybercab design but concerned about production timelines and regulatory challenges.

Portfolio Pulse from Anan Ashraf

October 11, 2024 | 10:28 am

CNC

Centene has significantly improved its Medicare Advantage membership ratings, with 46% now in plans rated 3.5 stars or higher, compared to 23% the previous year. This progress aligns with internal expectations despite challenging industry conditions.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 10:09 am

AAPL

Four Taiwanese employees of Foxconn, Apple's key supplier, have been detained in China over breach of trust allegations. Taiwan's Mainland Affairs Council claims the incident did not harm Foxconn's interests, suggesting possible overreach by local police. This is part of a broader pattern of aggressive actions by Beijing against foreign firms amid rising China-Taiwan tensions.

Portfolio Pulse from Navdeep Yadav

October 11, 2024 | 10:01 am

CVS

Aetna, a CVS Health company, announced that 88% of its Medicare Advantage members are in 2025 plans rated 4 stars or higher by the Centers for Medicare & Medicaid Services. Additionally, 68% of members are in a 4.5-star plan for 2025.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 9:59 am

LUMN

T

VZ

U.S. officials are investigating the severity of cyberattacks linked to China targeting broadband providers. Lawmakers have sent letters to Verizon, AT&T, and Lumen seeking information on these hacks and their responses.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 9:33 am

FXI

China's Premier Li has called on countries to respect China's peace efforts in the South China Sea, as reported by Reuters citing Chinese state media.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 9:18 am

COIN

The SEC is facing internal discord over its cryptocurrency policy, with Commissioner Mark Uyeda criticizing it as a 'disaster' for assets like Bitcoin, Ethereum, and Dogecoin. Despite criticism, Chairman Gary Gensler remains firm on the policy, which has led to lawsuits against major crypto firms like Crypto.com.

Portfolio Pulse from Aniket Verma

October 11, 2024 | 9:08 am

TSLA

Tesla's recent 'We, Robot' event showcased the new Cybercab, a fully autonomous vehicle with a cost advantage, but its production timeline is a concern for investors. Analysts are optimistic about its potential impact on Tesla's growth, but regulatory and timing challenges remain.

Portfolio Pulse from Shanthi Rexaline

October 11, 2024 | 8:18 am