Streetbeat News

Regulatory

AULT

Ault Alliance has reached a settlement with the SEC, agreeing to pay a civil penalty of $700,000. This penalty was fully accrued in Q4 2022, and the announcement has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 5:28 pm

XPEV

Shares of XPeng Inc (XPEV) are trading lower due to weak industrial production and retail sales data for July in China. The People's Bank of China's rate cut, indicating potential economic slowdown, has also impacted the stock. The automotive industry, including XPeng, could face repercussions on sales and growth due to these economic uncertainties.

Portfolio Pulse from Henry Khederian

August 15, 2023 | 4:49 pm

EDBL

Edible Garden has received a grant from the U.S. Department of Agriculture Certification Program, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 4:26 pm

BTCUSD

Bitcoin (BTC) has reached a record value in Argentina, surpassing 10 million Argentinian pesos. This milestone comes amid Argentina's ongoing economic challenges and rapid devaluation of the peso. Experts highlight Bitcoin's resilience and potential in this context. The political landscape in Argentina may also be shifting towards Bitcoin adoption, especially with pro-Bitcoin figures like Javier Milei gaining prominence. Argentina's extreme inflation rates, which have surged from 63% to 116% in the past year, are contributing to Bitcoin's attractiveness as a hedge against inflation.

Portfolio Pulse from Murtuza Merchant

August 15, 2023 | 4:17 pm

SPY

VGK

Russia is testing a digital version of its currency, the ruble, in an attempt to bypass international sanctions. This move could potentially impact global financial markets.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 4:10 pm

CMCSA

Former Secretary of State Hillary Clinton reacted to the news of the fourth indictment against former President Donald Trump during her appearance on Comcast Corporation’s (NASDAQ:CMCSA) MSNBC channel. The charges against Trump are related to the 2020 election and violations of the Racketeer Influenced and Corrupt Organizations (RICO) Act. Fulton County District Attorney Fani Willis is expected to try Trump and 18 other co-defendants in the case and get the trial completed in six months.

Portfolio Pulse from Chris Katje

August 15, 2023 | 4:00 pm

FXI

SPY

Federal Reserve's Neel Kashkari has stated that he is not seeing any evidence of China's economic issues spilling over to the U.S. This statement comes amidst concerns about China's slowing economy and its potential impact on global markets.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 3:58 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) announced a voluntary recall of 209 of its Class 8 Tre battery-electric vehicles due to a coolant leak, which was also the probable cause of a fire near the Nikola headquarters in July. The company is filing this recall with the National Highway Traffic Safety Administration (NHTSA) and has put a temporary hold on new BEV sales. Despite a recent slide, Nikola shares are trading 2% higher at $1.85.

Portfolio Pulse from Erica Kollmann

August 15, 2023 | 3:57 pm

SPY

The White House has announced that it does not foresee any reason for a government shutdown next month. This statement could potentially alleviate concerns over economic instability.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 3:57 pm

SPY

Federal Reserve's Neel Kashkari stated that he does not see evidence of an impending recession. He also mentioned that monetary policy can impact the economy with a lag and there could be more slowdown still in the pipeline.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 3:56 pm