Streetbeat News

Regulatory

AAPL

This week, Apple Inc. (NASDAQ:AAPL) announced a significant discount on the 16-inch 2021 MacBook Pro, rumors of a major overhaul for the iPhone 15, and the introduction of a new color for the Apple Watch Series 9. The company also removed hundreds of ChatGPT-like apps from the Chinese App Store due to illegal content. Additionally, Apple reported a record-breaking quarter in India, despite the global drop in iPhone sales.

Portfolio Pulse from Benzinga Neuro

August 06, 2023 | 12:01 pm

BAC

BRK

JPM

This week's economic highlights include Warren Buffett's indifference to Fitch's U.S. rating downgrade, JPMorgan CEO Jamie Dimon's concerns about fiscal spending and the Ukraine crisis, Bank of America's withdrawal of its recession forecast due to a strong job market, Paul Krugman's praise for Bidenomics, and Jim Cramer's skepticism about China's economic strategy.

Portfolio Pulse from Benzinga Neuro

August 06, 2023 | 8:48 am

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

The past week in the crypto sector saw significant developments including a SEC lawsuit against internet marketer Richard Heart, which led to a decline in major cryptocurrencies. X, formerly known as Twitter, is considering adding Bitcoin and Dogecoin trading. Dogecoin showed signs of a possible bull flag, while Shiba Inu unveiled a security enhancement. Florida Governor Ron DeSantis made a statement about the future of Bitcoin under his potential presidency.

Portfolio Pulse from Benzinga Neuro

August 06, 2023 | 1:19 am

DOGEUSD

TWTR

Elon Musk has debunked claims that Twitter, now rebranded as 'X', has plans to launch any crypto tokens. Musk responded to a post by DogeDesigner, addressing the issue of scam tokens like X (X) and TwitterDAO (TWITTER) fraudulently asserting connections to the social media platform. Musk emphasized that neither he nor X had ever initiated a crypto token and they never will.

Portfolio Pulse from Bibhu Pattnaik

August 05, 2023 | 5:41 pm

BLK

HOOD

JPM

MSCI

TSLA

UBER

The major stock indexes experienced a down week, with the Nasdaq, S&P, and Dow falling by roughly 2.9%, 2.3%, and 1.1% respectively. Fitch Ratings lowered the U.S. government's credit rating from AAA to AA+. Despite this, the job market remained robust with the unemployment rate dropping to 3.5%. Tesla, Inc. (TSLA) was suggested to buy Uber Technologies, Inc. (UBER) to capitalize on autonomous ride-hailing. Robinhood Markets, Inc. (HOOD), Uber, and Wayfair Inc. (W) achieved unexpected profitability in Q2. X, formerly Twitter, is exploring the possibility of building a trading hub for cryptocurrencies. Ford Motor Co's (F) Q2 revenue surge overshadowed a $4.5 billion loss in EV. BlackRock Inc (BLK) and MSCI Inc (MSCI) are under scrutiny for allegedly channeling investments into Chinese companies accused of human rights violations. JPMorgan Chase & Co (JPM) CEO Jamie Dimon expressed heightened concern over fiscal spending, quantitative tightening, and the Ukraine crisis.

Portfolio Pulse from Michael Cohen

August 05, 2023 | 1:20 pm

GOOG

GOOGL

MSFT

A US judge has upheld key claims made by the federal government in its antitrust lawsuit against Alphabet Inc.'s Google. The lawsuit, filed in 2020, alleges that Google used its market dominance to hinder competitors in the internet search market. The judge partially granted Google's request for a summary judgment, allowing some grounds while letting the remaining claims proceed to trial next month. This marks the most significant challenge to big tech's power since Microsoft's antitrust case in 1998.

Portfolio Pulse from Ananya Gairola

August 05, 2023 | 10:20 am

DIS

This week in politics, former National Security Advisor John Bolton warned of potential U.S. withdrawal from NATO if Donald Trump returns to the White House. The Walt Disney Co. (NYSE:DIS) pulled out a $1 billion investment from Florida due to Governor Ron DeSantis's controversial policies. Investigations into the Biden family's alleged corruption continue.

Portfolio Pulse from Benzinga Neuro

August 05, 2023 | 8:21 am

ACGN

Aceragen, Inc. (NASDAQ:ACGN) has announced its intention to voluntarily delist from the Nasdaq Capital Market by filing a Form 25 with the SEC around August 15, 2023. This follows a special meeting on August 14, 2023, where the company will seek stockholder approval to transfer and assign most of its assets to an assignee for the benefit of creditors.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:31 pm

RDHL

Redhill Biopharma Ltd has filed for a stock shelf of up to about 2 million American Depositary Shares (ADS) by selling shareholders, according to a SEC filing.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:13 pm

IMCC

IM Cannabis Corp. (NASDAQ:IMCC) has received a notification from Nasdaq for not complying with the minimum bid price requirement. The company's shares have not maintained a minimum bid price of $1.00 per share for 30 consecutive business days. IMCC has until January 29, 2024, to regain compliance or it may face delisting. The notification does not affect the company's listing on the Canadian Securities Exchange.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:03 pm