Streetbeat News

Regulatory

TRUP

Trupanion shares are trading higher after the company received approval for its requested rate increases in California and New York.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 10:28 am

AAPL

Apple Inc is in talks with Indian financial institutions and regulators, including HDFC Bank and the Reserve Bank of India (RBI), to launch its Apple Card in India. The discussions are in preliminary stages, and no decision has been made yet. Apple's focus on India has increased due to surging iPhone sales and the country's potential to account for a significant portion of Apple's total phone production.

Portfolio Pulse from Shomik Sen Bhattacharjee

June 23, 2023 | 10:20 am

AAPL

AMZN

The S&P 500 and Nasdaq 100 recorded gains following Federal Reserve Chair Jerome Powell's testimony, while the CBOE Volatility Index (VIX) fell 2.2%. Powell reiterated the possibility of two more interest rate hikes if the economy performs as expected. Apple Inc (AAPL) and Amazon.com, Inc. (AMZN) shares contributed to the Nasdaq 100's rise.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 9:45 am

SM

Smart Share Global (SM) has received a minimum bid price notice from Nasdaq, warning that it is not in compliance with the exchange's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 9:05 am

GILD

Gilead Sciences announced Week 96 results from the MYR301 Phase 3 clinical trial of Hepcludex (bulevirtide) for chronic hepatitis delta (HDV) infection treatment. The data presented at EASL Congress 2023 show clinical benefits and sustained viral decline in patients. Bulevirtide is the only approved treatment for HDV in the EU but not in the U.S.

Portfolio Pulse from Charles Gross

June 23, 2023 | 8:54 am

GOOG

GOOGL

MSFT

Two New York lawyers have been fined $5,000 for unknowingly incorporating fictitious case citations generated by OpenAI's chatGPT into their legal brief. The incident highlights the importance of attorney gatekeeping and accuracy in legal filings, as well as the potential risks of relying on AI-generated advice in fields like law and medicine.

Portfolio Pulse from Ananya Gairola

June 23, 2023 | 8:31 am

APOG

IONQ

KMX

MRNA

SWBI

Smith & Wesson Brands reported better-than-expected Q4 results and raised its quarterly dividend. Apogee Enterprises is expected to report earnings of $0.90 per share on revenue of $354.77 million. CarMax is expected to have earned $0.79 per share on revenue of $7.53 billion. IonQ lifted its booking expectations for the year by 25%. Moderna submitted an application to the FDA for the authorization of its updated vaccine.

Portfolio Pulse from Lisa Levin

June 23, 2023 | 8:00 am

META

Meta Platforms faces legal action from Malaysian authorities due to its failure to remove undesirable content from Facebook. The Malaysian Communications and Multimedia Commission (MCMC) claims that Meta has not taken sufficient action despite repeated requests, and legal action is necessary for cybersecurity and consumer protection.

Portfolio Pulse from Benzinga Newsbot

June 23, 2023 | 4:38 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies slightly tumbled on Thursday evening following BitGo’s decision to halt the acquisition of rival Prime Trust. The price of Bitcoin seems to have hit a standstill after rallying for two days on news of spot Bitcoin ETFs. Analysts predict a 420% surge for Bitcoin by 2025.

Portfolio Pulse from Mehab Qureshi

June 23, 2023 | 2:33 am

BTCUSD

QQQ

SPY

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', shares his perspective on determining if the economy is in a recession. His comments come as the Federal Reserve plans to raise rates by 50 basis points this year, and market participants weigh the possibilities of extended rate hikes.

Portfolio Pulse from Bhavik Nair

June 23, 2023 | 2:20 am