Streetbeat News

Regulatory

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Chinese hackers, known as Salt Typhoon, have breached major U.S. broadband providers, including AT&T, Verizon, and Lumen Technologies, potentially compromising systems used for court-authorized wiretapping. This poses a significant national security risk, with the extent of the breach still under investigation.

Portfolio Pulse from Ananya Gairola

October 07, 2024 | 3:17 am

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The UAE has exempted cryptocurrency transactions from VAT, earning praise from Shiba Inu's lead developer, Shytoshi Kusama, who called the UAE the 'cryptocurrency capital'. This move is part of the UAE's efforts to become a crypto-friendly destination, following regulatory approvals for Binance and Ripple Labs.

Portfolio Pulse from Aniket Verma

October 07, 2024 | 2:41 am

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Several large-cap stocks, including Humana, Stellantis, and Coinbase, experienced significant declines last week due to various factors such as performance updates, sales declines, and regulatory issues.

Portfolio Pulse from Lekha Gupta

October 06, 2024 | 5:13 pm

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Elon Musk, CEO of SpaceX, claims that human exploration of Mars depends on Trump's re-election and reduced regulations. Musk criticizes the FAA for delays in SpaceX's Starship launch and accuses it of favoritism towards Boeing.

Portfolio Pulse from Rounak Jain

October 05, 2024 | 6:22 am

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Digital Brands Group received a notice from Nasdaq regarding its failure to meet a continued listing rule or standard, which could lead to delisting from the exchange.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 8:35 pm

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Apollo Capital raises concerns over Highwire Capital's proposed take-private of SPAR Group, citing financing uncertainties, limited obligations, and lack of cash balance disclosure. Apollo's CEO plans to vote against the transaction, urging SPAR's board for full disclosure.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 8:31 pm

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Rivian is seeking a federal loan to restart construction of its $5 billion electric vehicle factory in Georgia, which has been paused since March. The loan application is with the U.S. Department of Energy, but details are limited. The plant is expected to create 7,500 jobs.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 8:19 pm

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D-Wave Quantum Inc. has received a notice of non-compliance from the NYSE due to its stock price falling below $1.00 over a 30-day period. The company plans to address this issue to meet NYSE standards.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 8:15 pm

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Trevena shares are declining following a Nasdaq delisting notification.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 8:15 pm

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Jamie Dimon, CEO of JPMorgan Chase, has not endorsed Donald Trump for the 2024 presidential election, casting doubt on rumors that he might be considered for the role of treasury secretary if Trump wins. Dimon's neutral stance conflicts with Trump's preference for loyalists in his cabinet.

Portfolio Pulse from Michael Cohen

October 04, 2024 | 8:14 pm