Streetbeat News

Regulatory

GOOG

GOOGL

MSFT

AI pioneer Yoshua Bengio expressed concerns about granting AI power to militaries and called for registration and oversight of companies developing powerful AI products. Alphabet Inc.'s CEO Sundar Pichai and Microsoft Corporation's president Brad Smith also support AI regulation.

Portfolio Pulse from Ananya Gairola

May 31, 2023 | 6:15 am

TSLA

The National Highway Traffic Safety Administration (NHTSA) has closed its investigation into Tesla's Passenger Play feature, which allowed occupants to play games while the vehicle was in motion. Tesla removed the feature in December 2022, resolving ongoing concerns. The closing of the investigation does not constitute a finding of no safety-related defect, and the agency can still take action if necessary.

Portfolio Pulse from Anan Ashraf

May 31, 2023 | 3:04 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced slight declines as investors closely monitored the debt ceiling deal progress. The global crypto market capitalization stood at $1.16 trillion, with the US stock market also experiencing minor upticks. Analysts and traders are cautious about the crypto market's reaction to the debt deal and the issuance of $1 trillion in Treasury bills.

Portfolio Pulse from Mehab Qureshi

May 31, 2023 | 2:43 am

TSLA

Tesla CEO Elon Musk met with China's Foreign Minister in Beijing, expressing opposition to the decoupling of the US and Chinese economies and cutting off supply chains. Tesla is ready to expand its business in China and participate in its development opportunities.

Portfolio Pulse from Anan Ashraf

May 31, 2023 | 1:43 am

EWY

SPY

Seoul City has issued a warning to its citizens, advising them to prepare for a possible evacuation due to an unspecified threat. This news may cause uncertainty in the market, potentially affecting the South Korea-focused ETF, EWY, and the broader US market ETF, SPY.

Portfolio Pulse from Charles Gross

May 30, 2023 | 9:44 pm

EWY

SPY

South Korea reports the launch of a North Korean satellite, causing sirens to be heard across Seoul. This event may impact the South Korean ETF (EWY) and the S&P 500 ETF (SPY).

Portfolio Pulse from Charles Gross

May 30, 2023 | 9:43 pm

SPY

President Biden has withdrawn the nomination of Ann Elizabeth Carlson as National Highway Traffic Safety Administration (NHTSA) Administrator.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 9:14 pm

ALPP

Alpine 4 Holdings has received a Nasdaq notice of additional staff determination and has 60 calendar days from May 24, 2023, to submit a plan outlining steps to regain compliance with the Listing Rule.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 9:10 pm

BTCUSD

ETHUSD

XRPUSD

XRP's value has surged past the 50-cent threshold amid the ongoing legal dispute between Ripple and the SEC, nearing its conclusion. CoinShares' report shows investment products' allocations to XRP rose by $100,000 and have increased by $3 million since the start of the year.

Portfolio Pulse from Murtuza Merchant

May 30, 2023 | 9:08 pm

BTCUSD

ETHUSD

Japan's cryptocurrency exchange BitFlyer is implementing stringent measures against money laundering in compliance with the Financial Action Task Force's (FATF) Travel Rule. The measures include transfer restrictions from BitFlyer to non-TRUST compliant platforms and notification requirements for sending and receiving cryptocurrency to TRUST-compliant platforms.

Portfolio Pulse from Murtuza Merchant

May 30, 2023 | 8:50 pm