Streetbeat News

Regulatory

PEP

The World Health Organization (WHO) has announced that aspartame, a key ingredient in Diet Coke, could potentially cause cancer. Despite this, another WHO committee maintains its assessment of a safe level of aspartame consumption. The American Beverage Association, representing Coca-Cola (NYSE:KO) and PepsiCo (NASDAQ:PEP), and the U.S. Food and Drug Administration (FDA) have disputed the WHO's findings.

Portfolio Pulse from Navdeep Yadav

July 14, 2023 | 9:27 am

ATVI

MSFT

The UK Competition and Markets Authority (CMA) has extended the statutory period to make an order on the merger between Microsoft and Activision Blizzard by six weeks.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 9:17 am

VGK

The Eurozone trade balance for May was reported at -0.3B, significantly better than the estimated -7.6B and the prior figure of -12.0B.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 9:12 am

AHI

Advanced Health Intelligence Ltd (NASDAQ:AHI) has received clearance from Nasdaq, stating that the company has met all applicable listing standards. The bid price deficiency of AHI has been cured, and the scheduled hearing before the Nasdaq Hearings Panel has been cancelled. AHI's stock will continue to be listed and traded on the Nasdaq Stock Market.

Portfolio Pulse from Charles Gross

July 14, 2023 | 9:10 am

FXI

China's central bank plans to use tools such as the Reserve Requirement Ratio (RRR) to address economic challenges. This move could impact the financial sector and the overall economy.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 7:14 am

INDA

India's Wholesale Price Index Inflation for June was reported at -4.12%, lower than the estimated -3.60% and the prior -3.48%.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 6:37 am

NVDA

President Joe Biden is intensifying diplomatic outreach to China to mitigate the impact of impending restrictions on hi-tech exports. The restrictions could affect areas like quantum computing, AI, cloud computing, and aerospace. Despite these efforts, military communication between the U.S. and China remains closed due to tensions around Taiwan and the South China Sea. Biden aims to boost the American economy by stemming China's dumping of U.S. Treasury bonds.

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 5:55 am

BTCUSD

ETHUSD

XLMUSD

Stellar (XLM) and Ripple's XRP experienced significant surges of 51% and 60% respectively, outperforming Bitcoin and Ethereum. This follows a court ruling that determined XRP to be an investment contract when sold to institutional investors, which has been perceived positively by investors. Major US exchanges including Coinbase, Kraken, iTrustCapital, and possibly Gemini, are relisting XRP on their trading platforms.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 4:06 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies surged after a court ruling partially favored Ripple Inc, stating that the XRP token is not a security in relation to programmatic sales on digital asset exchanges. However, the institutional sale of XRP can be categorized as a security when sold to institutional investors. Following the ruling, XRP's value increased by 96% to $0.93. Analysts believe that this victory for XRP is more bullish than any ETF filings. The global crypto market capitalization increased by 6.52% to $1.26 trillion.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 2:37 am

COIN

JPM

LUNR

NKLA

TSLA

Five US stocks that gained attention from retail traders and investors are Coinbase Global, Inc. (COIN), Intuitive Machines, Inc. (LUNR), Tesla Inc. (TSLA), JPMorgan Chase & Co. (JPM), and Nikola Corp. (NKLA). COIN shares rose after a US judge ruled that Ripple sales do not constitute an offer of investment contracts. LUNR shares fell despite a successful test run of its Nova-C lunar lander. TSLA shares rose amid reports of a new production plant in India. JPM shares rose ahead of its Q2 financial results. NKLA shares rose after announcing an agreement with BayoTech.

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 1:48 am