Streetbeat News

Regulatory

BABA

JD

TCEHY

WMT

Alibaba Group Holding Ltd. (NYSE:BABA) is changing its listing status in Hong Kong to allow mainland Chinese investors to trade its shares through the Stock Connect program. This move is expected to increase liquidity and trading volume for Alibaba's shares. The decision comes amid a challenging environment for Chinese tech companies, with Alibaba's recent earnings showing mixed results. Alibaba's ADR in the U.S. saw a slight decline, while its Hong Kong shares have risen this year.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 2:53 am

IBIT

Anthony Scaramucci, CEO of SkyBridge Capital, expressed optimism about Bitcoin's future, predicting it could reach $100,000. He highlighted the role of ETFs, particularly BlackRock's iShares Bitcoin Trust, in boosting Bitcoin's demand. Despite recent price declines, Scaramucci views Bitcoin as a future store of value.

Portfolio Pulse from Aniket Verma

August 23, 2024 | 2:07 am

AIXI

Trading for a certain asset has been halted at 7:50:00 p.m. ET due to pending news. This could indicate significant upcoming information that may impact the asset's price.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:50 pm

QUBT

Quantum Computing Inc. has received a non-compliance notice from Nasdaq due to filing deficiencies. The company has until December 16, 2024, to regain compliance by submitting the required Form 10-Qs. Failure to do so may result in delisting from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:02 pm

CNI

CP

EWC

SPY

Canada has ordered final binding arbitration to resolve a rail stoppage, ending the labor disruption. Freight rail operations are set to resume immediately, as stated by the Canadian Labor Minister.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:54 pm

MTEX

Mannatech received a notification from Nasdaq about non-compliance with a listing rule. The company's stock will continue trading under the symbol MTEX. Mannatech has until February 15, 2025, to comply by achieving stockholders' equity of at least $10 million.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:53 pm

NKGN

NKGen Biotech has received a non-compliance notification from Nasdaq due to a delay in filing its quarterly report. This could impact the company's stock price and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:42 pm

AMZN

AVGO

INTC

MDB

MRNA

MSFT

NVDA

QQQ

SOXX

TSLA

The Nasdaq 100 fell 1.6% as investors turned cautious ahead of Fed Chair Powell's speech at the Jackson Hole Symposium. Strong private sector data reduced expectations for a significant rate cut, leading to a market pullback. Semiconductor stocks and major tech companies like NVIDIA, Microsoft, Tesla, and Amazon contributed to the decline.

Portfolio Pulse from Piero Cingari

August 22, 2024 | 8:41 pm

QQQ

SPY

Federal Reserve officials, including Boston Fed President Susan Collins and Philadelphia Fed President Patrick Harker, have signaled a potential shift towards lowering interest rates, possibly starting in September. This comes ahead of Fed Chairman Jerome Powell's speech at the Jackson Hole Symposium. The U.S. dollar index rose, and Treasury yields increased, while the Nasdaq 100 and SPDR S&P 500 ETFs declined.

Portfolio Pulse from Piero Cingari

August 22, 2024 | 8:22 pm