Streetbeat News

Regulatory

MU

Micron Technology Inc (NASDAQ:MU) shares fell more than 5% due to China's ban on sales of its chips to key domestic industries, impacting its global revenue. Despite the setback, some investors are taking advantage of the dip in Micron’s share price, with analysts’ price targets varying between $65 to $100. Micron offers a dividend yield of 0.68%, which could be appealing for income-focused investors.

Portfolio Pulse from AJ Fabino

June 16, 2023 | 4:04 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) has launched a 4% rewards program for USD Coin (CRYPTO: USDC) despite ongoing scrutiny from the U.S. Securities and Exchange Commission (SEC). The program aims to encourage users to expand their funds and explore the cryptocurrency ecosystem.

Portfolio Pulse from Murtuza Merchant

June 16, 2023 | 3:54 pm

TCNNF

The Georgia State Board of Pharmacy has released regulations allowing independent pharmacies to sell cannabis oil to registered patients. Over 100 pharmacies have expressed interest in selling the product. The state's licensed producers, Botanical Sciences LLC and Trulieve Cannabis Corp. (OTCQX:TCNNF), will supply the pharmacies.

Portfolio Pulse from Jelena Martinovic

June 16, 2023 | 3:47 pm

SPY

VGK

The Kremlin announced that Russia is ready for further arms control talks, according to Reuters citing IFX.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 3:35 pm

TSLA

Elon Musk, at VivaTech, reiterated his call for AI regulation, emphasizing the potential negative consequences of digital superintelligence. He urged governments to take action before it's too late.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 2:52 pm

STXS

Stereotaxis announced its intention to initiate a trial for CE Mark submission for its MAGiC catheter. The European Notified Body requested clinical data to support the submission, causing STXS shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 2:43 pm

SPY

VGK

Russian President Vladimir Putin stated that the use of nuclear weapons is theoretically possible in case of danger to Russia's territory, but there is no current need. He also mentioned that Russia has more nuclear weapons than NATO.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 2:39 pm

SPY

VGK

Russian President Vladimir Putin stated that Russia could destroy parts of central Kyiv in response to 'provocations' but has chosen not to do so for various reasons.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 2:35 pm

SPY

The University of Michigan consumer sentiment reading increased by 8% in June, surpassing forecasts, as concerns about the debt ceiling crisis faded and optimism grew due to a strong labor market and elevated stock market gains. Inflation expectations for the next year dropped to 3.2%, the lowest since March 2021.

Portfolio Pulse from Piero Cingari

June 16, 2023 | 2:27 pm

BLK

BlackRock has filed an application with the SEC to launch a publicly traded Bitcoin ETF, the iShares Bitcoin Trust, with Coinbase Custody Trust Co. as its custodian partner. This comes after BlackRock CEO Larry Fink's 2017 comment calling Bitcoin an 'index of money laundering'.

Portfolio Pulse from Mehab Qureshi

June 16, 2023 | 2:25 pm