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Regulatory

BTCUSD

The FBI has warned that North Korean hackers are planning to cash out over $40 million in Bitcoin (BTC). The hackers, operating under pseudonyms including TraderTraitor, Lazarus Group, and APT38, have been linked to several significant international cryptocurrency thefts. The FBI is urging businesses in the cryptocurrency sector to inspect blockchain data associated with the listed addresses and to remain vigilant for transactions involving these addresses.

Portfolio Pulse from Murtuza Merchant

August 23, 2023 | 3:15 pm

AAP

ABNB

ADI

ANF

APLS

GRAB

KSS

META

MNK

NFLX

NVO

PTON

New York City's stricter short-term rental regulations have led to a decline in Airbnb listings. Meta Platforms faces scrutiny for allegedly allowing the sale of recalled items on Facebook Marketplace. Mallinckrodt is filing for bankruptcy for the second time due to business declines and lawsuits related to the U.S. opioid epidemic. Apellis Pharmaceuticals released an update on its Syfovre treatment for geographic atrophy. Netflix has seen an increase in U.S. users following a crackdown on password sharing. AT&T has entered the wireless home internet space with Internet Air. Novo Nordisk has enlisted Thermo Fisher Scientific to help with production of its weight-loss drug, Wegovy. Peloton, Analog Devices, Grab Holdings, Abercrombie & Fitch, Advance Auto Parts, Foot Locker, and Kohl's have all released their latest earnings reports.

Portfolio Pulse from Vandana Singh

August 23, 2023 | 2:46 pm

TIVC

Tivic Health Systems (NASDAQ:TIVC) shares dropped by 25.89% after the company announced a 1-for-100 reverse stock split. The move is aimed at complying with Nasdaq listing requirements, as the company faced delisting due to low stock price. The reverse split is expected to restore compliance and maintain the company's Nasdaq listing.

Portfolio Pulse from Henry Khederian

August 23, 2023 | 2:39 pm

BTCUSD

ETHUSD

A study by the Bank for International Settlements (BIS) warns that cryptocurrencies like Bitcoin and Ether could heighten financial risks in emerging economies. The report suggests that crypto assets have not reduced, but amplified the financial risks in less developed economies. It advises caution, stating that authorities have a range of policy options to address risks in crypto assets, from outright bans to containment to regulation.

Portfolio Pulse from Murtuza Merchant

August 23, 2023 | 2:21 pm

SPY

The U.S. Labor Department has announced a preliminary estimate of nonfarm payrolls benchmark revision that would reduce the March 2023 level of employment by 306,000 or 0.2%.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 2:07 pm

BRK-B

The US Securities and Exchange Commission (SEC) has introduced new cybersecurity regulations requiring public companies, including Berkshire Hathaway Inc. (BRK-B), to report significant cybersecurity incidents within four business days. Additionally, the People's Bank of China's (PBOC) decision to maintain the benchmark rate for home mortgages while reducing shorter duration rates could have economic implications for BRK-B.

Portfolio Pulse from Mohit Manghnani

August 23, 2023 | 2:03 pm

META

Meta Platforms Inc (NASDAQ:META) is under scrutiny from bipartisan lawmakers for allegedly allowing the sale of recalled items on its digital marketplace, Facebook Marketplace. The items include products linked to infant fatalities. Lawmakers have communicated their concerns directly to Meta Platforms CEO, Mark Zuckerberg. The issue has been raised with 16 different online marketplace operators, including TikTok.

Portfolio Pulse from Anusuya Lahiri

August 23, 2023 | 1:49 pm

DLTR

The U.S. Department of Labor has announced a corporate-wide settlement agreement with Dollar Tree and Family Dollar to address safety and health hazards at their stores across the U.S. The companies have agreed to conduct a comprehensive assessment of the root causes of the violations and make operational changes to correct them within a two-year period. They have also agreed to pay $1.35 million in penalties. The agreement covers all Dollar Tree and Family Dollar stores within federal OSHA jurisdiction and may last up to two years.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:42 pm

GOOGL

General Motors (GM) and Google (GOOGL) have been approved to introduce self-driving taxis in the Bay Area via Waymo, a self-driving technology firm. The service, Waymo One, has expanded from Phoenix to San Francisco and soon Los Angeles. Waymo reports no recorded injuries and only two collisions in one million miles of rider-only operations on public highways, mostly caused by other drivers. However, a recent malfunction of an autonomous vehicle caused a traffic jam in San Francisco.

Portfolio Pulse from Thrash Capital

August 23, 2023 | 1:35 pm

OTSKF

OTSKY

The FDA's Circulatory Systems Devices Panel has backed Recor Medical Inc and its parent company, Otsuka Medical Devices Co Ltd's (OTC:OTSKF) (OTC:OTSKY) hypertension treatment device, the Paradise Ultrasound RDN system. The panel voted unanimously in favor of the device's safety and majority in favor of its efficacy. If approved by the FDA, the device would be the first FDA-approved renal denervation device in the U.S. intended to reduce blood pressure in patients with uncontrolled hypertension.

Portfolio Pulse from Vandana Singh

August 23, 2023 | 1:34 pm