Streetbeat News

Regulatory

AAPL

GLD

NVDA

SPY

TSLA

U.S. stocks closed higher as Fed Chair Jerome Powell hinted at a potential rate cut in September, boosting major indexes like the S&P 500, Dow Jones, and Nasdaq. Financial stocks reached an all-time high, and all 11 major sectors of the S&P 500 ended in positive territory. Oil prices rose due to geopolitical tensions, while gold hit a record high as the dollar weakened.

Portfolio Pulse from Akanksha Bakshi

August 26, 2024 | 11:05 am

JBT

JBT Corporation has received an extension for its takeover offer for Marel, pending regulatory approvals. The offer, initially set to expire on September 2, 2024, will now expire on November 11, 2024, or three weeks after all regulatory clearances are obtained.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 10:59 am

MRK

The European Commission has approved Merck's Winrevair (Sotatercept) for use in combination with other therapies to treat pulmonary arterial hypertension (PAH) in adult patients. This approval is aimed at improving exercise capacity in patients with WHO Functional Class II to III PAH.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 10:49 am

HEI

NVDA

PDD

QQQ

SPY

XPEV

U.S. stock futures are climbing as traders anticipate positive earnings from Nvidia and potential rate cuts by the Federal Reserve. Nvidia's upcoming earnings report is a key focus, with expectations of strong guidance. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF are seeing premarket gains. Analysts suggest multiple catalysts could sustain the market rally, including economic data releases and Fed actions.

Portfolio Pulse from Shanthi Rexaline

August 26, 2024 | 10:47 am

AAPL

CRWD

GOOG

MSFT

TTWO

The article covers various developments in the consumer tech sector, including Microsoft's expansion of its Xbox lineup, Take-Two's announcement of Borderlands 4, and Apple's upcoming iPhone 16 launch. It also mentions regulatory challenges for AI development in California and legal issues faced by Google and Anthropic.

Portfolio Pulse from Lekha Gupta

August 26, 2024 | 10:17 am

TONN

The arrest of Telegram CEO Pavel Durov led to a 14% drop in the 21Shares Toncoin Staking ETP (TONN) on the SIX Swiss Exchange. This decline was triggered by a 19% fall in Toncoin prices. The TON network, backed by Telegram, showed support for Durov by updating its logo to a symbol of digital resistance. Elon Musk also voiced support for Durov's release.

Portfolio Pulse from Benzinga Neuro

August 26, 2024 | 10:11 am

LLAP

Terran Orbital has been notified by the NYSE for failing to meet a continued listing rule or standard, which could impact its stock listing status.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 10:10 am

BGNE

BeiGene announced that the FDA has granted Fast Track Designation to its investigational drug BGB-16673 for treating relapsed or refractory chronic lymphocytic leukemia or small lymphocytic lymphoma. This designation aims to expedite the drug's development and review process.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 10:02 am

EWJ

FXI

SPY

A Chinese military plane reportedly violated Japan's airspace, according to Japan's Kyodo News Agency, citing the Defense Ministry. This incident could heighten geopolitical tensions between China and Japan.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 9:19 am

BTCUSD

Authorities in Thailand uncovered an illegal Bitcoin mining operation linked to power outages. The operation consumed electricity without full payment, causing blackouts. This highlights the challenges of power-intensive Bitcoin mining, especially after the recent halving reduced miners' revenue.

Portfolio Pulse from Aniket Verma

August 26, 2024 | 9:00 am