Streetbeat News

Regulatory

TLS

Telos shares rose after the company resolved a protest with the Federal Government, securing an award worth up to $485 million.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:23 pm

BIOX

Bioeceres shares are rising after reports that the USDA approved the cultivation of their drought-tolerant HB4 wheat in the U.S.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:19 pm

COIN

HOOD

The SEC has issued a Wells notice to OpenSea, indicating a potential lawsuit over the classification of certain NFTs as securities. This move is part of a broader regulatory crackdown on the crypto industry, affecting companies like Robinhood and Coinbase.

Portfolio Pulse from Murtuza Merchant

August 28, 2024 | 3:23 pm

UTME

Utime has signed a non-disclosure agreement to acquire Bowen Therapeutics Inc, a company involved in making monkeypox vaccines. The acquisition aims to support the completion of FDA registration for these vaccines.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:58 pm

SPY

The U.S. SEC has approved rule changes requiring funds to report portfolio holdings monthly instead of quarterly. Additionally, guidance on fund liquidity risk management regulations was issued.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:57 pm

ETHUSD

SOLUSD

Bloomberg Intelligence ETF analyst James Seyffart suggests that political factors, including Donald Trump's pro-Bitcoin stance, influenced the SEC's approval of Ethereum ETFs. The approval was unexpected due to the lack of typical signals, and further crypto ETF products may emerge, though others like Solana face hurdles.

Portfolio Pulse from Khyathi Dalal

August 28, 2024 | 2:48 pm

SPY

The U.S. Labor Department experienced a technical glitch that delayed the release of key payroll data, leading to some individuals receiving the information before it was publicly available. The Bureau of Labor Statistics will implement new safeguards to ensure equal access to data in the future.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:18 pm

TGT

This week in investing, key topics include uranium production cuts by Kazatomprom, significant job data revisions in the U.S., political proposals for taxing unrealized capital gains, a rise in gold prices, and Target's earnings report. Kazatomprom's production cuts amidst rising demand suggest a potential increase in uranium prices. The U.S. job market saw a major downward revision, raising concerns about economic strength. Political proposals for taxing unrealized gains could disrupt investment strategies. Gold prices hit a new high as the Fed signals rate cuts. Target's earnings beat estimates, but future growth guidance is lowered.

Portfolio Pulse from Gary Brode

August 28, 2024 | 2:15 pm

SMCI

Super Micro Computer Inc (SMCI) shares dropped 23.7% after announcing a delay in filing its Form 10-K due to an assessment of internal controls. A short report by Hindenburg Research accused SMCI of accounting manipulation and other unethical practices, raising concerns about its growth in the AI sector. The semiconductor industry is also awaiting NVIDIA's earnings report, which could impact market sentiment.

Portfolio Pulse from Henry Khederian

August 28, 2024 | 2:10 pm