Streetbeat News

Regulatory

TSLA

Tesla Inc. (NASDAQ: TSLA) is urging its suppliers to diversify production away from China and Taiwan due to escalating geopolitical tensions and recent U.S. tariff hikes on Chinese imports. The company aims to prevent supply chain disruptions by building alternative supply sources.

Portfolio Pulse from Anan Ashraf

May 23, 2024 | 9:03 am

BLK

ETHE

10x Research has increased the probability of the SEC approving an Ethereum spot ETF to 90%. The approval is expected to be a 'sell the news' event, with Ethereum co-founder Jeffrey Wilcke transferring 10,000 ETH to Kraken. Grayscale Ethereum Trust has narrowed its discount to NAV to 8%, indicating high confidence in approval. VanEck's spot Ether ETF has been listed by DTCC, and BlackRock has amended its filings for a spot Ether ETF.

Portfolio Pulse from Aniket Verma

May 23, 2024 | 7:44 am

MSFT

Microsoft's deal with UAE-backed AI firm G42 may involve transferring advanced AI technology, raising national security concerns. The deal requires U.S. Department of Commerce approval and includes measures to prevent misuse by Chinese entities. Microsoft is investing $1.5 billion in G42, with President Brad Smith joining its board.

Portfolio Pulse from Benzinga Neuro

May 23, 2024 | 7:37 am

TSLA

Tesla released its vehicle safety data report after over a year, showing a significantly lower crash rate for vehicles using Autopilot compared to manual driving. The report highlights a crash every 7.63 million miles for Autopilot versus every 955,000 miles for manual driving. Tesla also reported a lower vehicle fire rate compared to the national average. The company is focused on improving its full self-driving (FSD) software, though regulatory and safety concerns remain.

Portfolio Pulse from Anan Ashraf

May 23, 2024 | 6:57 am

SPY

A new Harris Poll commissioned by the Guardian reveals that a majority of Americans believe the U.S. economy is in a recession, despite data showing positive growth and low unemployment rates. The poll highlights a significant gap between economic data and public perception, with many blaming President Joe Biden for economic woes. The SPDR S&P 500 ETF Trust (SPY) fell 0.29% on Wednesday but has gained 47% since Biden's inauguration.

Portfolio Pulse from Shanthi Rexaline

May 23, 2024 | 5:19 am

NVDA

QQQ

SOXX

SPY

A CNBC discussion highlighted the differing impacts of Nvidia and the Federal Reserve on the macro-market. Nvidia has seen a significant stock surge, outperforming major ETFs, while the Fed's monetary policy remains crucial for economic stability. Nvidia's recent success includes a beat-and-raise Q1, a 150% dividend hike, and a 10-for-1 stock split.

Portfolio Pulse from Kaustubh Bagalkote

May 23, 2024 | 4:59 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, saw declines as investors reacted to the Federal Reserve's inflation concerns. Bitcoin hovered below $70,000, Ethereum remained choppy, and Dogecoin fell significantly. Despite the drop, market sentiment remains 'Extremely Greedy.' The House passed a bill for regulatory clarity in the crypto industry.

Portfolio Pulse from Aniket Verma

May 23, 2024 | 2:17 am

JAGX

Trading for JAGX was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:50 pm

AKAN

Trading for AKAN was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:50 pm

LYV

The Department of Justice (DOJ) is expected to announce an antitrust enforcement action against Live Nation, the parent company of Ticketmaster, as soon as Thursday. This action could significantly impact Live Nation's operations as a concert promoter, venue owner, and ticket seller.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 10:44 pm