Streetbeat News

Regulatory

BLMN

Starboard Value has reported a 9.9% stake in Bloomin' Brands, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:20 pm

SPY

According to a Reuters poll, 79 out of 95 economists predict that the Federal Reserve will cut the Fed Funds Rate at least once by the end of Q2 2024. The median probability of the U.S. economy entering a recession within a year has fallen to 40%, the lowest in over a year.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:12 pm

SPY

According to a Reuters poll, 99 out of 110 economists predict that the U.S. Federal Reserve will maintain the Fed Funds Rate in the 5.25%-5.50% range in September. Over half of the economists, 48 out of 95, believe that the Fed will not cut rates until at least the end of March.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:11 pm

MA

V

XRPUSD

Mastercard has launched its CBDC Partner Program, with Ripple and Consensys among the key participants. Other partners include Fluency, Idemia, Consult Hyperion, Fireblocks, and Giesecke+Devrient. The initiative aims to promote payment interoperability in the digital economy. However, Mastercard acknowledges that CBDC adoption faces challenges such as public unfamiliarity and recent controversies in the crypto sector.

Portfolio Pulse from Murtuza Merchant

August 18, 2023 | 1:05 pm

CAN

Canaan Inc. has temporarily shut down approximately 2.0 Exahash/s of its Bitcoin mining computing power in Kazakhstan due to regulatory changes. The company is working to obtain a Type II license for mining hardware owners but must wait for a local partner to obtain a Type I license for mining infrastructure possessors. The shutdown represents about 50% of the company's total installed computing power in Central Asia and North America. The company anticipates a continued suspension of its mining operations in Kazakhstan into the third quarter of 2023, resulting in an expected reduction in Bitcoin generation.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 12:46 pm

AHI

DLO

HE

KVUE

NU

Benzinga's Stock Whisper Index highlights five stocks that are underfollowed and warrant attention. This week's index includes Nu Holdings, Advanced Health Intelligence, DLocal Limited, Kenvue Inc, and Hawaiian Electric Industries. Nu Holdings reported a 60% YoY increase in Q2 revenue, reaching a company record of $1.9 billion. Advanced Health Intelligence is eligible for a partial reimbursement from the Australian government for R&D costs. DLocal Limited reported Q2 revenue of $161.1 million, up 59% YoY. Kenvue Inc, spun out from Johnson & Johnson, has received mostly positive ratings since the spinoff. Hawaiian Electric Industries has faced criticism and potential lawsuits over wildfires in Maui.

Portfolio Pulse from Chris Katje

August 18, 2023 | 12:45 pm

CEI

Camber Energy, Inc. (NYSE:CEI) has released additional information to help identify and combat potential short selling of the company's stock. Independent reports suggest that Merrill Lynch, TD Ameritrade, Charles Schwab, E-Trade, Apex, Wedbush, and National Financial Services have the largest trade imbalances regarding the trading of Camber's stock. The company has provided contact information for the Chief Compliance Officer of each organization and encourages shareholders to demand an internal investigation.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 12:34 pm

GRRR

Gorilla Technology Group Inc. (NASDAQ:GRRR) has filed a universal shelf registration statement on Form F-3 with the U.S. SEC. This move enhances the company's financial flexibility, allowing it to access capital markets to fund its growth. The company has around $300 million of won business, indicating near-term revenue growth.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 12:10 pm

BNTX

MRNA

PFE

Moderna and Pfizer have announced that their updated COVID-19 vaccines show effectiveness against the 'Eris' variant in early human and preclinical studies. Moderna's vaccine showed a significant boost in neutralizing antibodies against EG.5 and FL.1.5.1 variants, suggesting it may effectively target the expected circulating variants of COVID-19 in the upcoming vaccination season. Pfizer's updated COVID-19 shot also showed neutralizing activity against the 'Eris' subvariant in a study conducted on mice. Both companies have submitted their updated vaccines to the FDA and other regulators.

Portfolio Pulse from Vandana Singh

August 18, 2023 | 11:59 am

FXI

SPY

Citron Research has reaffirmed its warning about Evergrande's looming insolvency, despite being penalized in a Hong Kong court 6 years ago for the same warning. The penalty included fines, a tainted reputation, and a 5-year trading ban.

Portfolio Pulse from Charles Gross

August 18, 2023 | 11:56 am