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Regulatory

BLK

BTCUSD

ETHUSD

GBTC

SHIBUSD

Crypto expert DonAlt has expressed concerns over the current state of the cryptocurrency market, highlighting its apparent lack of strength. Cryptocurrencies including Bitcoin, Ether, Shiba Inu, and Toncoin are trading flat with losses, while Dogecoin is trading up. DonAlt mentioned the anticipated delay of the ETFs, stating that everyone saw it coming. The SEC last week postponed its decision on spot Bitcoin ETF applications from leading firms, including BlackRock, WisdomTree, and VanEck.

Portfolio Pulse from Murtuza Merchant

September 05, 2023 | 3:55 pm

META

Meta Platforms Inc. faces regulatory challenges in India, where it removed over 15.8 million pieces of content on Facebook and 5.9 million on Instagram in July. The company is also considering a paid version of its platforms in Europe in response to privacy legislation. Additionally, Meta will discontinue the Facebook News tab in the U.K., France, and Germany starting in early December.

Portfolio Pulse from Mohit Manghnani

September 05, 2023 | 3:35 pm

MGM

MGM Resorts International's shares are trading lower following reports of a delay in the opening of a planned casino resort in Osaka to late 2030. The Osaka government cited central government approval delays as the reason for the postponement. The initial investment in the resort is also set to increase due to rising construction material costs. In other news, Macau reopened multiple casinos over the weekend after a shutdown due to severe storms.

Portfolio Pulse from Adam Eckert

September 05, 2023 | 3:33 pm

AAPL

ARM

QQQ

SPY

The stock market is expected to experience weak seasonality in the coming months, with September being traditionally weak and October being the most volatile month. However, the S&P 500, represented by SPDR S&P 500 ETF Trust (SPY), tends to perform positively in September when it's up more than 10% going into the month. Market mechanics are currently positive but can change quickly. Factors such as AI trends, consumer spending, economic data, and the upcoming Fed meeting will influence the market. ARM's IPO is ahead, and it's positioning itself as an AI company. Negative money flows are observed in major tech stocks and ETFs. China is likely to miss its 5% growth target unless a major stimulus program is initiated.

Portfolio Pulse from The Arora Report

September 05, 2023 | 3:10 pm

DWAC

SPY

Trump aide, Meadows, has pleaded not guilty to charges of subverting the Georgia election. The news may have implications for DWAC and SPY.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 2:57 pm

HSDT

Helius Medical Technologies, Inc. (NASDAQ:HSDT) shares are trading higher after the company gained compliance with all applicable Nasdaq listing criteria. The company received formal notice from the Nasdaq Listing Qualifications that it has evidenced full compliance with the minimum bid price requirement. The stock has attracted the attention of short-sellers with 17.52% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

September 05, 2023 | 2:56 pm

EWU

NVO

Britain's National Health Service (NHS) has announced that Novo Nordisk's obesity drug, Wegovy, is now available within the NHS system.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 2:46 pm

JCSE

JE Cleantech Holdings Limited (NASDAQ:JCSE) has announced that its members have approved a potential consolidation of the company's ordinary shares, ranging from 1-for-1.5 to 1-for-10, at an Extraordinary General Meeting. The move is aimed at regaining full compliance with the Nasdaq's share price listing rule, which requires the bid price for the company's shares to close at $1.00 per share or more for a minimum of 10 consecutive business days.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 2:31 pm

AMD

BIDU

GOOG

GOOGL

NVDA

China's $40 billion state fund aims to boost the domestic chip industry, challenging US companies like Nvidia and AMD. The fund is a response to the US semiconductor embargo that barred China from acquiring Nvidia and AMD's AI chips. Meanwhile, Huawei and SMIC have built an advanced 7-nanometer processor, and Baidu has announced over ten new AI-based applications. US chipmakers warn of potential damage from the embargo.

Portfolio Pulse from Anusuya Lahiri

September 05, 2023 | 2:13 pm

CSX

NSC

SPY

UNP

The House Oversight Committee is investigating the Transportation Department's response to recent air and rail safety issues, according to Reuters. The probe may involve companies such as Canadian Pacific (CP), CSX Corporation (CSX), Norfolk Southern Corporation (NSC), SPDR S&P 500 ETF Trust (SPY), and Union Pacific Corporation (UNP).

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 2:05 pm