Streetbeat News

Regulatory

MULN

Mullen Automotive's stock continues to decline despite updates from CEO David Michery. The company executed a 1-for-100 reverse stock split to comply with Nasdaq's minimum bid price rule, but shares have fallen nearly 50% since. Heavy trading volume is noted.

Portfolio Pulse from Erica Kollmann

September 24, 2024 | 6:01 pm

AIPI

CRWD

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares are trading slightly lower despite a Buy rating and increased price target from Jefferies. A senior executive is set to testify before Congress about a global IT outage caused by a software update. The incident affected Microsoft systems and highlighted the interconnected nature of the tech ecosystem. CrowdStrike has revised its revenue and profit projections downward.

Portfolio Pulse from Nabaparna Bhattacharya

September 24, 2024 | 5:57 pm

BIDU

Baidu Inc (NASDAQ:BIDU) shares rose 6.15% following the People's Bank of China's monetary stimulus, which included cutting the reserve requirement ratio and policy rates. This move is expected to boost China's economy and increase demand for Baidu's digital services.

Portfolio Pulse from Henry Khederian

September 24, 2024 | 5:49 pm

DJT

SPY

Donald Trump, the Republican Presidential Nominee, announced plans to establish special zones on federal land with ultra-low taxes and regulations to benefit American producers. This policy could impact various sectors by potentially boosting domestic production.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:43 pm

USO

Donald Trump, the Republican Presidential Nominee, announced plans to reinstate oil and gas leases in Alaska's ANWR, which had been previously canceled. This could impact energy markets and related stocks.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:41 pm

LVS

MGM

MLCO

WYNN

Macau-linked stocks are experiencing a rise in share prices following China's announcement of economic stimulus measures.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:40 pm

V

The US government has filed an antitrust lawsuit against Visa, as revealed by court records. This legal action could have significant implications for Visa's business operations and market position.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:39 pm

BTCUSD

Former Coinbase CTO Balaji Srinivasan compares Bitcoin's role in preserving wealth to healthcare's pursuit of longevity, both resisting state control. He criticizes the financial system's acceptance of inflation and draws parallels to healthcare's acceptance of gradual decline.

Portfolio Pulse from Murtuza Merchant

September 24, 2024 | 5:39 pm

USO

An OPEC event in Brazil was temporarily halted due to a climate protest. The event has now resumed.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:32 pm

AA

FCX

FXI

JD

LI

MP

NIO

NVDA

PDD

QQQ

SCCO

TME

XLB

XPEV

Tech stocks and materials sector rallied on Tuesday, driven by China's stimulus measures. The Nasdaq 100 outperformed, with Nvidia surging nearly 4%. Chinese equities and related ETFs saw significant gains, while the U.S. dollar weakened. Commodities like copper and silver also rose.

Portfolio Pulse from Piero Cingari

September 24, 2024 | 5:20 pm