Streetbeat News

Regulatory

COIN

Bankrupt Bittrex's U.S. subsidiary has been granted permission by a Delaware bankruptcy court to enable customer withdrawals starting June 15. The exchange still owes a substantial amount due to sanctions violations. Bittrex, like Binance and Coinbase, has faced accusations from U.S. regulatory authorities for operating as an unregistered securities exchange.

Portfolio Pulse from Murtuza Merchant

June 14, 2023 | 4:14 pm

MANU

Premier League clubs have unanimously agreed to prohibit fully-leveraged buyouts, 18 years after the Glazers' leveraged buyout of Manchester United.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 4:12 pm

DIA

IWM

QQQ

SPY

Major indices show mixed performance ahead of the FOMC decision, with stocks gaining after positive May PPI data, while the Dow falls due to weakness in UnitedHealth.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:59 pm

AAL

ALK

BA

DAL

JBLU

LUV

SAVE

UAL

The U.S. House Committee has voted to raise the mandatory commercial pilot retirement age from 65 to 67, potentially affecting airlines such as AAL, ALK, BA, DAL, JBLU, LUV, SAVE, and UAL.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:53 pm

FTTUSD

FTX founder Sam Bankman-Fried has been granted permission by the Bahamas Supreme Court to legally review the terms of his extradition from the Caribbean nation. This development may result in further delays of the additional charges laid against him, including wire fraud, money laundering, bank fraud, and bribery.

Portfolio Pulse from Murtuza Merchant

June 14, 2023 | 3:26 pm

SPY

The US Labor Department reported a two-year low inflation rate for May 2023, with the annual inflation rate at 4%. The S&P 500 has experienced an upward trend, with the information technology sector growing by 37% this year. The index is progressing towards breaking its all-time high of $4818.

Portfolio Pulse from Zaheer Anwari

June 14, 2023 | 3:09 pm

GOOG

GOOGL

VGK

The European Commission has issued a statement of objections against Google, claiming that the company's advertising practices are anti-competitive. Google argues that the claims are not new and relate to a narrow part of their advertising business, and they look forward to demonstrating how their practices have enabled higher-quality, more effective digital ads.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:05 pm

SPY

USO

Iraq's Deputy Minister announced that the country expects to hold talks on the Ceyhan pipeline on June 19. This may affect the SPY and USO ETFs.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 2:50 pm

TSVT

2seventy Bio's Phase 1 trial of SC-DARIC33 in Acute Myeloid Leukemia (AML) has been paused by Seattle Children's after a fatal serious adverse event (SAE). The root cause of the SAE and its potential relationship to the study drug is under investigation. TSVT shares are down 11.90%.

Portfolio Pulse from Vandana Singh

June 14, 2023 | 2:37 pm

AAPL

Apple's stock edges higher ahead of the Federal Reserve's interest rate decision, with the stock trading in a rising channel pattern since March 22. The Fed's decision could impact whether Apple breaks above the upper trend line or falls.

Portfolio Pulse from Melanie Schaffer

June 14, 2023 | 2:36 pm