Streetbeat News

Regulatory

SPY

Kamala Harris plans to propose a less drastic increase in the capital-gains tax rate than President Biden's original plan. This move aims to balance taxing wealthy households and encouraging investment.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 5:38 pm

EWC

Canadian Prime Minister Justin Trudeau expressed his hope that the opposition New Democrats will prioritize delivering results for Canadians over political maneuvering. This statement may have implications for Canadian politics and policies.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 5:37 pm

AXSM

Axsome Therapeutics' shares are reacting to the FDA's acknowledgment of a resubmission for AXS-07, a drug for treating migraines.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 5:32 pm

VWAGY

Volkswagen's CUPRA brand faces a crisis as the European Commission considers a 21.3% import tariff on its Chinese-manufactured electric SUV, the Tavascan. This could jeopardize CUPRA's financial future, EU carbon targets, and lead to job cuts in Spain.

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2024 | 5:23 pm

EIS

ISRA

SPY

USO

Israeli Prime Minister Netanyahu has indicated a potential for a ceasefire deal in Gaza if the current strategy is maintained. This development could impact geopolitical stability and related financial markets.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 5:04 pm

AVIV

DFIV

HSBC

HSBC is under renewed regulatory scrutiny by UK regulators, who have instructed the bank to reassess its data collection and monitoring practices. This follows a previous warning about deficiencies in risk management. HSBC shares are trading higher despite the scrutiny.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 4:44 pm

EHang Holdings Limited (NASDAQ:EH) has refuted rumors linking it to a U.S. government investigation involving Chris Hu. The company denies any personal connections or involvement in the incident, emphasizing its commitment to transparency and compliance. EHang warns against misinformation affecting its stock and may pursue legal action to protect its reputation.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 4:43 pm

META

Mark Zuckerberg's 2010 email demanding a Facebook employee's resignation for leaking information has resurfaced, highlighting ongoing challenges Meta Platforms faces with censorship and employee relations. The company has recently faced backlash over job cuts and return-to-office policies.

Portfolio Pulse from Chris Katje

September 04, 2024 | 4:42 pm

BHC

CCJ

EWC

FLCA

The Bank of Canada cut its key policy rate by 25 basis points to 4.25%, marking the third consecutive rate cut. This decision was anticipated due to cooling inflation and a slowing labor market. Canadian stocks and the Loonie strengthened, with notable gains in ETFs like iShares MSCI Canada ETF (EWC) and Franklin FTSE Canada ETF (FLCA).

Portfolio Pulse from Piero Cingari

September 04, 2024 | 3:51 pm

DIS

MSFT

President Biden is set to accuse Russia of attempting to interfere in the 2024 U.S. election through disinformation campaigns. The U.S. government, including the Justice Department, plans to take action against Russian media outlets like RT and companies like the Social Design Agency. The U.S. is confident in the security of its election infrastructure, with 97% of voters using verified paper records. Microsoft had previously warned of Russian influence operations targeting the election. The issue of election interference is expected to be a significant topic in the upcoming presidential debates hosted by ABC, a unit of Walt Disney Company.

Portfolio Pulse from Chris Katje

September 04, 2024 | 3:48 pm