Streetbeat News

Regulatory

EFAS

GXC

KWEB

MCHI

Kyle Bass, CIO of Hayman Capital Management, expressed concerns about the changing business climate in China under Xi Jinping. Bass highlighted the shift towards a party-centric approach, legal uncertainties for Western companies, and aggressive police actions as deterrents for foreign investments. He also noted the potential for a Chinese invasion of Taiwan. The article suggests monitoring ETFs with exposure to Chinese equities, including iShares MSCI China ETF (MCHI), SPDR S&P China ETF (GXC), Global X MSCI SuperDividend EAFE ETF (EFAS), and KraneShares CSI China Internet ETF (KWEB).

Portfolio Pulse from AJ Fabino

August 23, 2023 | 5:49 pm

EWT

EWY

FXI

SPY

TSM

The U.S. has decided to extend its one-year exemption allowing South Korean and Taiwanese chipmakers to continue exporting advanced semiconductor technology and related equipment into China. This move could potentially undermine U.S. efforts to curb China's tech ambitions but is expected to prevent disruption in the global semiconductor supply chain.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 5:43 pm

PBR

Petroleo Brasileiro's shares are trading higher after a Bloomberg report suggested that Brazil's attorney general may have removed a barrier for the company to explore the Amazon.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 5:23 pm

NIR

Near Intelligence has been granted a U.S. patent for a method for adaptive location assignment to IP-indexed data streams from partially observable data using machine learning.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 5:12 pm

PBR

Brazil's Attorney General's office has supported Petrobras in its bid to explore a promising offshore oil region in the Amazon, stating that a major impact study demanded by the Ibama environmental agency is not necessary. The case has been sent to a mediation chamber to start a reconciliation process between the federal agencies involved.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 5:04 pm

AUMN

Golden Minerals Company (AUMN) shares are trading higher after the company announced that the NYSE has accepted its business plan to regain listing compliance.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 4:54 pm

AMZN

WMT

John and Roman Cresto, who claimed to be successful e-commerce consultants, are under scrutiny for alleged deceit and misrepresentation. Their company, Empire Ecommerce, charged clients hefty amounts to manage their online stores on Amazon and Walmart, but most of these stores hardly made any sales and were eventually suspended or terminated due to policy violations. The Cresto brothers allegedly pocketed over $22 million from their clients. The Federal Trade Commission has launched a lawsuit to halt their operations.

Portfolio Pulse from Anusuya Lahiri

August 23, 2023 | 4:53 pm

AUMN

Golden Minerals Company (AUMN) has received acceptance from the NYSE American for its business plan to regain compliance with the listing standards. The company was previously non-compliant due to insufficient stockholders' equity. The NYSE has granted an 18-month cure period, during which the company's progress will be reviewed. Failure to comply by December 6, 2024, could result in delisting.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 4:51 pm

OIG

Orbital Infrastructure has received a Nasdaq delinquency letter due to the late filing of its quarterly report, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 4:48 pm

DLTR

The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has reached a settlement with Dollar Tree Inc (NASDAQ:DLTR) to improve workplace safety in stores nationwide. The agreement requires Dollar Tree and its Family Dollar to conduct a comprehensive assessment of the root causes of the violations OSHA repeatedly cited at multiple stores. Dollar Tree has agreed to pay $1.35 million in penalties to settle existing issues.

Portfolio Pulse from Shivani Kumaresan

August 23, 2023 | 4:41 pm