Streetbeat News

Regulatory

BNTX

PFE

Pfizer is monitoring emerging variants of COVID-19 and conducting tests of the Pfizer-BioNTech vaccine with an updated XBB.1.5 monovalent composition against these variants.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 5:37 pm

ADAUSD

BNBUSD

BONEUSD

BTCUSD

DOGEUSD

ETHUSD

LEASHUSD

SHIBUSD

SOLUSD

XRPUSD

Cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Solana (SOL), Dogecoin (DOGE), Shiba Unu (SHIB), and Shibarium governance tokens (BONE, LEASH) experienced a downturn following the Federal Reserve's signal of a potential rate hike. The Fed's July meeting minutes indicated concerns about 'upside risks' to inflation, leading to the steepest rise in the primary interest rate in over two decades.

Portfolio Pulse from Murtuza Merchant

August 17, 2023 | 5:21 pm

SPKY

UVXY

Stock market volatility increased on Thursday due to major stock indices breaking down through the 50-day moving average. The Convexity Daily 1.5x SPIKES Futures ETF (SPKY) rose slightly in response to the bearish movement across stocks. SPKY is a 1.5x leveraged fund that follows the SPIKES Futures Short-Term Index, similar to the ProShares Ultra VIX Short Term Futures ETF (UVXY). The Federal Reserve’s monthly minutes revealed further monetary tightening could be on the horizon, which could add further downside pressure to the stock market.

Portfolio Pulse from Melanie Schaffer

August 17, 2023 | 4:56 pm

TSLA

Ford Motor Company (NYSE:F) has filed a patent for a 'Roadway Charging Coil Alignment' system, which would allow electric vehicles (EVs) to charge while driving. The patent was filed in January 2022 and published by the U.S. Patent and Trademark Office in July. Ford is also partnering with Tesla Inc (NASDAQ:TSLA) to access over 12,000 Tesla Superchargers in the U.S. and Canada from 2024. From 2025, Ford will offer next-generation EVs with the North American Charging Standard connector built-in, eliminating the need for an adapter to access Tesla Superchargers.

Portfolio Pulse from Chris Katje

August 17, 2023 | 4:46 pm

BCHUSD

BTCUSD

KSMUSD

USDTUSD

Tether has announced it will discontinue support for its stablecoin USDT on the Bitcoin, Kusama, and Bitcoin Cash blockchains. The decision was made after evaluating the current transport layers and their relevance in the blockchain ecosystem. Users can swap the affected USDT tokens for other chains on supporting platforms, including Bitfinex.

Portfolio Pulse from Murtuza Merchant

August 17, 2023 | 4:28 pm

SPY

VGK

Belarus' President Lukashenko has stated that Russia is not pressuring Belarus to enter the war with Ukraine. He also mentioned that Belarus would resort to using tactical nuclear weapons if faced with aggression. Lukashenko added that Russia would never give up Crimea.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 4:21 pm

AIG

ELV

LLY

LQD

TLT

Fitch Ratings has highlighted major credit risks due to persistently high inflation and interest rates. The agency's report points to vulnerabilities in the commercial real estate sector and challenges to China's recovery. Fitch predicts a shallow recession in the US, limited growth in the eurozone, and risks to China's recovery. The bond market continues to face volatility, with ETFs tracking longer-term Treasury bonds and corporate bonds issued by US companies experiencing challenges.

Portfolio Pulse from Piero Cingari

August 17, 2023 | 4:19 pm

ADTX

Aditxt, Inc. (NASDAQ:ADTX) has announced a 1-for-40 reverse stock split effective at the open of trading on August 18, 2023. The move is primarily intended to bring the company into compliance with Nasdaq's minimum bid price requirement. Post-split, the company will have approximately 190,319 shares of common stock issued and outstanding.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 4:01 pm

PYPL

WMT

China's internet regulator is reaching out to foreign companies, including Walmart and PayPal, to ease concerns about its new data law regulations. The new rules give the Chinese government the power to fine or shut down companies that mishandle sensitive data. This has led to operational changes in foreign companies, with Morgan Stanley reportedly moving about 200 of its tech developers out of mainland China.

Portfolio Pulse from Shivani Kumaresan

August 17, 2023 | 3:51 pm