Streetbeat News

Regulatory

MSFT

Microsoft's President Brad Smith stated that the company expects to take additional steps to resolve the EU investigation into its Teams software. Smith mentioned that receiving a statement of objections from the EU would not be surprising and is not an irreversible step in resolving the issue.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:26 pm

Guardant Health has launched an upgraded version of its Guardant360 TissueNext test, which now includes 498 biomarkers to help identify more treatment options for patients with advanced cancer. The test is covered by Medicare and features operational improvements for faster results.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:09 pm

BTCUSD

ETHUSD

XRPUSD

In 2024, the cryptocurrency market saw a strong recovery, with Bitcoin and Ethereum surging over 60% year-to-date. However, XRP lagged behind, falling 16% due to ongoing legal issues with the SEC, selling pressure from Ripple Labs, and the approval of Bitcoin and Ethereum spot ETFs. Experts suggest that regulatory uncertainties and negative perceptions have dampened XRP's demand.

Portfolio Pulse from Aniket Verma

June 04, 2024 | 11:37 am

Toyota Motor Corp (NYSE:TM) is recalling over 100,000 vehicles in the U.S. due to concerns about engine debris that could cause stalling and loss of driving power. The recall affects 2022-2023 Tundra and Lexus LX600 models. This comes amid other quality control issues for Toyota, including suspensions of shipments and sales of certain models in Japan.

Portfolio Pulse from Anan Ashraf

June 04, 2024 | 10:58 am

INFY

MMYT

Shares of US-listed India stocks are trading lower amid early results from India's general election.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:57 am

BRK.A

GOLD

SPY

USO

On June 3rd, U.S. stock markets showed mixed results with the S&P 500 and Nasdaq gaining modestly, while the Dow Jones declined. A technical glitch at the NYSE caused fluctuations in Berkshire Hathaway and Barrick Gold shares. U.S. construction spending and ISM manufacturing PMI data were disappointing. Asian and European markets mostly declined, with significant drops in Indian stocks due to election uncertainties. Crude oil prices fell due to OPEC+ production signals and economic concerns.

Portfolio Pulse from Akanksha Bakshi

June 04, 2024 | 10:47 am

FSRN

Former employees of Fisker Inc. (OTC: FSRN) have accused the EV startup of launching products without a proper repair plan, relying on disassembled cars for parts. The company is also facing financial difficulties, potential bankruptcy, and a probe by the National Highway Traffic Safety Administration.

Portfolio Pulse from Anan Ashraf

June 04, 2024 | 10:46 am

APIE

AVIV

HMC

Japanese transportation ministry officials are investigating Toyota Motor Corporation (NYSE:TM) and other automakers over certification irregularities. Toyota has halted shipments and sales of three models in Japan. The scandal involves inaccurate or altered data in vehicle certification processes, affecting multiple companies.

Portfolio Pulse from Lekha Gupta

June 04, 2024 | 10:31 am

ADAUSD

AVAXUSD

DOGEUSD

DOTUSD

ETHUSD

SHIBUSD

SOLUSD

The launch of a spot Ethereum ETF has analysts divided on its impact on altcoins, meme coins, and Layer-1 blockchains. Established altcoins like Cardano and Polkadot could see price increases, while meme coins like Dogecoin and Shiba Inu might experience short-term spikes. Ethereum's rivalry with Solana continues, with the ETF potentially boosting ETH prices. Layer-1 blockchains like Avalanche and Cardano may benefit from a broader market surge.

Portfolio Pulse from Murtuza Merchant

June 04, 2024 | 10:15 am

NIO

TSLA

Tesla's stock has been struggling below $200, but Future Fund's Gary Black identifies four key catalysts that could impact the stock in the next two months: the June 13 shareholder meeting, Q2 deliveries update in early July, Q2 earnings on July 17, and the Aug. 8 Robotaxi event. Tesla faces challenges in the EV market, particularly in China, and must address issues related to FSD and margins.

Portfolio Pulse from Shanthi Rexaline

June 04, 2024 | 10:03 am