Streetbeat News

Regulatory

AMZN

GOOGL

MSFT

Google has filed an antitrust complaint against Microsoft in the EU, accusing it of unfair practices in the cloud market. This move highlights ongoing tensions between major tech companies over market dominance and regulatory scrutiny.

Portfolio Pulse from Anusuya Lahiri

September 25, 2024 | 6:25 pm

BILI

Bilibili Inc (NASDAQ:BILI) shares are experiencing volatility, trading lower by 1.69% after a significant surge of over 15% the previous day. This fluctuation follows China's Central Bank's announcement of a new stimulus package, which initially boosted Chinese tech stocks. The market is seeing profit-taking as investors reassess positions amid broader economic concerns in China.

Portfolio Pulse from Henry Khederian

September 25, 2024 | 6:23 pm

MSFT

VGK

OpenAI has signed the core commitments of the EU AI Pact, aligning with European Union regulations on artificial intelligence. This move is part of a broader effort to ensure AI technologies are developed responsibly and ethically.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:10 pm

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading lower amid a broader selloff of U.S.-listed Chinese companies following a new stimulus package by China's Central Bank. The package includes various rate cuts to combat market slowdown. XPeng also launched a new version of its MPV, the X9, to expand its customer base.

Portfolio Pulse from Nabaparna Bhattacharya

September 25, 2024 | 6:08 pm

BTCUSD

Standard Chartered's head of digital assets research predicts a potential boost in Bitcoin's price due to factors like the U.S. Federal Reserve's rate cut, positive derivatives market indicators, and supportive comments from Vice President Kamala Harris.

Portfolio Pulse from Khyathi Dalal

September 25, 2024 | 5:37 pm

LEU

Centrus Energy shares are rising following a special briefing where the company urged Congress to focus on domestic nuclear fuel production, backed by a $3.4 billion funding initiative.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 5:33 pm

BABA

HNNMY

IDEXY

Shein faces challenges in its overseas IPO plans due to political and regulatory scrutiny in the UK and US. A proposed US tax change could increase Shein's prices by 20%, affecting its competitive edge. The company also faces scrutiny from Chinese regulators.

Portfolio Pulse from The Bamboo Works

September 25, 2024 | 5:15 pm

FI

FIS

MA

V

Visa Inc (NYSE:V) faces a DOJ antitrust lawsuit alleging monopolistic practices in the U.S. debit market, potentially impacting its stock negatively in the short term. Analysts suggest Mastercard, Fiserv, and Fidelity National Information Services could benefit from the situation.

Portfolio Pulse from Chris Katje

September 25, 2024 | 5:02 pm

SPY

Russian President Vladimir Putin has stated that any aggression against Russia by a non-nuclear state, supported by a nuclear state, will be considered a joint attack on Russia. He emphasized Russia's right to use nuclear weapons in response to aggression against Russia and Belarus, including threats to sovereignty with conventional weapons.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 4:51 pm

SPY

Russian President Vladimir Putin has proposed clarifications regarding the conditions for the use of nuclear weapons, citing a dynamically changing military-political situation and new military threats. The category of states and alliances subject to nuclear deterrence has been expanded.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 4:50 pm