Streetbeat News

Regulatory

VGK

EU regulators group states they are not aware of structural interconnection problems related to growing traffic volumes from big tech companies and calls for a careful approach to determine if regulatory intervention is warranted.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 2:41 pm

VGK

EU Telecoms Regulators Group states that there is only a limited link between data growth and the level of investments required to meet increasing network costs. They also question whether mandatory payments from big tech to telecoms providers would help EU countries meet connectivity.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 2:40 pm

SPY

VGK

The U.S. Treasury has imposed sanctions on over 30 companies involved in importing, shipping, or manufacturing electronics components, semiconductors, and microelectronics to Russia.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 2:31 pm

EWC

VGK

President Biden informed G7 leaders that the U.S. will support a joint effort with allies to train Ukrainian pilots on F-16 fighter jets, according to a senior U.S. administration official.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 2:28 pm

PLTR

Palantir CEO Alex Karp suggests Denmark should oversee international AI standards, criticizing companies that avoid addressing ethical complexities of AI. He also urges Western countries to allocate a significant portion of their budgets to battlefield-tested software.

Portfolio Pulse from Michael Cohen

May 19, 2023 | 2:23 pm

EWC

EWG

EWI

EWJ

EWQ

EWU

SPY

VGK

G7 leaders express concern over China's accelerating build-up of its nuclear arsenal, stating it poses a threat to global and regional stability.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 2:17 pm

AMD

ARKK

GOOG

GOOGL

META

MSFT

NVDA

Bank of America's chief investment strategist Michael Hartnett warns that AI is a 'baby bubble' with inflationary effects for the economy. He compares the AI-stocks' surge to previous market bubbles like ARKK Innovation ETF after 2019, FAANGs after 2016, and dot-com stocks in the 2000s. Hartnett advises investors to expect regulation and higher taxes, and offers three lessons from previous bubbles.

Portfolio Pulse from Piero Cingari

May 19, 2023 | 1:40 pm

TM

Toyota has suspended sales and shipments of its RAIZE HEV vehicles supplied by Daihatsu Motor Co., Ltd. due to improper certification in the UN-R135 collision test. The issue was discovered during an internal inspection of Daihatsu's certification operations.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 1:36 pm

USO

Iraqi Oil Minister and Russian counterpart spoke on the phone and affirmed their commitment to OPEC+ voluntary production cuts, according to the Iraqi State News Agency.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 1:33 pm