Streetbeat News

Regulatory

TSLA

Tesla's Autopilot system has been involved in 736 accidents and 17 fatalities in the US since 2019, according to a Washington Post analysis of National Highway Traffic Safety Administration data. The recent data shows a significant increase in fatalities compared to a June 2022 report. The NHTSA is currently investigating Tesla Autopilot and its full-self driving features.

Portfolio Pulse from Shanthi Rexaline

June 11, 2023 | 5:46 pm

BAC

Soros Fund Management CEO Dawn Fitzpatrick warns of more bank failures, particularly among small banks, due to ongoing concerns in the troubled banking sector. She believes that banks must prepare for incoming regulatory measures, which she calls 'pretty punitive.' The Federal Reserve is expected to introduce regulations requiring banks to report unrealized losses on assets such as government bond holdings.

Portfolio Pulse from Bibhu Pattnaik

June 11, 2023 | 5:21 pm

EWG

INTC

Germany has reportedly refused Intel's additional demand for subsidies for its chip plant, according to the Financial Times.

Portfolio Pulse from Charles Gross

June 11, 2023 | 2:12 pm

ACHR

SPY

VGK

Archer Aviation CEO stated in an interview with Financial Times that European regulation is not good for business, potentially affecting the company's expansion plans.

Portfolio Pulse from Charles Gross

June 11, 2023 | 1:24 pm

NTLA

Intellia Therapeutics announced updated interim results from the Phase 1 portion of the ongoing Phase 1/2 study of NTLA-2002, a CRISPR-based therapy for hereditary angioedema (HAE). The data showed durable elimination of HAE attacks after a single dose, with a favorable safety profile.

Portfolio Pulse from Charles Gross

June 11, 2023 | 1:15 pm

BAC

Gold bug Peter Schiff warns that the US banking system is insolvent and would collapse without government backstops. He highlights Bank of America's low interest rates on savings and checking accounts compared to the fed funds rate. Schiff's warning comes as the Federal Reserve is set to meet for a two-day monetary policy meeting.

Portfolio Pulse from Shanthi Rexaline

June 11, 2023 | 12:29 pm

AMZN

Twitch, owned by Amazon (NASDAQ:AMZN), has revised its branding policy, now prohibiting the promotion of marijuana businesses and products. The platform has retracted its ad guideline changes after facing criticism but maintains the ban on cannabis promotion. Twitch allows streamers to promote alcoholic beverages, labeling them as 'mature content'.

Portfolio Pulse from Franca Quarneti

June 10, 2023 | 9:21 pm

AAPL

FRPT

FSR

TAP

TSLA

Barron's weekend stock picks include Molson Coors, Tesla, and Apple's position in the AI space. Molson Coors gains from Bud Light's controversial partnership could be sustainable. JANA Partners wins proxy battle with Freshpet. Tesla's partnership with Ford and GM for EV charging is misinterpreted as negative for ChargePoint and EVgo. Fisker enters China despite intense competition, and Apple's AI strategy remains unclear.

Portfolio Pulse from Justin Chan

June 10, 2023 | 8:52 pm

COIN

Former SEC official John Reed Stark warns investors to exit crypto platforms due to escalating regulatory pressure. He highlights the lack of oversight and investor protections on these platforms. The SEC has initiated legal proceedings against Binance and sued Coinbase Global, Inc. (NASDAQ: COIN) for allegedly enabling illegal transactions.

Portfolio Pulse from Bibhu Pattnaik

June 10, 2023 | 5:25 pm

COIN

Cryptocurrencies experienced a sharp pullback on Saturday, with altcoins such as Polygon, Solana, Dogecoin, and Shiba Inu tumbling. The decline is attributed to the SEC's lawsuits against Binance and Coinbase Global, Inc. (NASDAQ:COIN) and the decision to label 13 tokens as securities, potentially subjecting them to stricter regulations.

Portfolio Pulse from Shanthi Rexaline

June 10, 2023 | 3:50 pm