Streetbeat News

Regulatory

SPY

President Biden delivered remarks that could have implications for the stock market. The speech may influence investor sentiment and market movements.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:22 pm

Representative Rick Larsen has stated that House lawmakers are requesting a copy of Boeing's full Comprehensive Quality Plan to be delivered to the FAA.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:14 pm

BRK.A

CMG

XLE

XLF

A technical glitch at the NYSE caused Berkshire Hathaway's Class A shares and Chipotle Mexican Grill's stock to drop by over 99%. The NYSE has voided all trades made during the glitch. The issue was caused by a new software release from the Consolidated Tape Association, which has since been rolled back. Berkshire Hathaway's stock saw a real decline of around 3% on Tuesday due to weakness in the energy and financial sectors.

Portfolio Pulse from Aaron Bry

June 04, 2024 | 6:11 pm

USO

Lawmakers are urging the Department of Justice (DOJ) to investigate potential price fixing by OPEC in the oil and gas markets. This could have significant implications for oil prices and related financial instruments.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:04 pm

CELH

MNST

A recent article suggests that ingredients in popular energy drinks like Red Bull, Celsius, and Monster may be linked to gut bacteria that accelerate tumor growth, potentially contributing to a colon cancer crisis among young people.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:43 pm

GTBIF

Illinois' cannabis market saw $144.5M in adult-use sales in April, marking a 9.5% year-over-year growth. Despite a slight month-over-month decline, the market shows resilience. Medical cannabis sales declined by 3.3%. Legislative challenges persist, with Green Thumb Industries Inc. (OTCQX:GTBIF) facing criticism for lobbying against extending medical cannabis access.

Portfolio Pulse from Patricio Liddle

June 04, 2024 | 5:31 pm

GME

Massachusetts' top securities regulator is investigating Keith Gill, known as 'Roaring Kitty,' for potential manipulation in his recent GameStop trading activities. E-Trade is considering banning Gill from its platform. The U.S. SEC is also looking into recent options trading in GameStop. GameStop stock fell over 3% following the news.

Portfolio Pulse from Adam Eckert

June 04, 2024 | 5:29 pm

BBWI

CCL

DIA

IWM

QQQ

SAIA

SPY

TLT

XLB

XLRE

Stocks dipped on Tuesday amid growth concerns, with major indices trading in the red. The S&P 500 faced selling pressure, and small caps were hit hard, with the iShares Russell 2000 ETF (IWM) down 1.4%. Economic data showed a sharp decline in job openings, increasing bets on a Federal Reserve rate cut in September. This boosted bond prices, with the iShares 20+ Year Treasury Bond ETF (TLT) rising 1%. Commodities fell, with oil prices down for five straight days. Bitcoin surged 3%. Notable stock movers included Saia Inc. (SAIA) up 7%, Carnival Corp. (CCL) up 4%, and Bath & Body Works Inc. (BBWI) down 13%.

Portfolio Pulse from Piero Cingari

June 04, 2024 | 5:00 pm

GOOG

GOOGL

Google's Chief Privacy Officer, Keith Enright, and Director of Competition Law, Matthew Bye, are leaving the company as part of a restructuring of its privacy and compliance teams. Enright's departure, which shocked employees, comes amid ongoing scrutiny of Google's data handling practices. The company will not replace Enright or Bye but will increase the number of people working on regulatory compliance across the company.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:53 pm

AMR

ARCH

ARLP

BTU

CEIX

HCC

METC

TECK

Shares of coal companies are trading lower after the EU reportedly approved compensation for LEAG's coal exit.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:46 pm