Streetbeat News

Regulatory

TSLA

The U.S. National Transportation Safety Board (NTSB) has opened an investigation into a crash involving a Tesla Semi truck in California. The incident, which occurred on August 19, involved the truck running off the road and its battery catching fire, causing a traffic standstill. Tesla is currently in pilot production of the Semi, with plans to start full production by the end of 2025.

Portfolio Pulse from Anan Ashraf

August 22, 2024 | 7:09 am

BTCUSD

El Salvador plans to educate 80,000 public servants on Bitcoin as part of its initiative to integrate cryptocurrency into governance. This move follows the country's adoption of Bitcoin as legal tender and its ongoing efforts to incorporate it into public administration and economic infrastructure.

Portfolio Pulse from Aniket Verma

August 22, 2024 | 6:29 am

SCHW

TD

Charles Schwab shares dropped over 4% after-hours as TD Bank reduced its stake in the company following a $2.6 billion provision for potential anti-money laundering fines. TD Bank's stake in Schwab decreased from 12.3% to 10.1%.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 6:26 am

HMC

TM

TSLA

Alicia Garcia-Herrero from Bruegel and Natixis suggests that China's EV industry may not replicate the success of Japanese automakers like Toyota and Honda in the 1980s due to factors like protectionism and economic conditions. The EU's recent tariffs on Chinese EVs and reduced tariffs on Tesla's Chinese-made cars highlight the challenges and opportunities in the market.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 5:15 am

BTCUSD

Senator Cynthia Lummis criticized Kamala Harris for lacking support for the crypto industry, contrasting with the Republican stance. Despite this, Harris' campaign shows signs of supporting digital assets. Trump leads Harris in crypto prediction markets.

Portfolio Pulse from Aniket Verma

August 22, 2024 | 4:52 am

AZLAF

A federal judge has temporarily halted a lithium drilling project in Arizona due to its potential threat to the Hualapai Tribe's sacred lands. The project, approved by the U.S. Bureau of Land Management and carried out by Arizona Lithium Ltd., faces legal challenges from the tribe and environmental groups. The case highlights the conflict between green energy projects and indigenous cultural sites.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 3:42 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, saw a rise as the Federal Reserve signaled a potential rate cut, boosting investor confidence in riskier assets. Bitcoin's open interest and Ethereum's derivatives market investments increased, indicating heightened speculative interest. Analysts suggest Bitcoin needs to close above $61,600 to break out, while Ethereum should hold above $2,500 to target $3,150.

Portfolio Pulse from Aniket Verma

August 22, 2024 | 2:03 am

AAPL

Apple Inc. is undergoing a major restructuring of its App Store division as Matt Fischer, the head of the App Store, departs after 21 years. The division will be split into two teams in response to regulatory pressures, with new leaders appointed to manage the changes.

Portfolio Pulse from Ananya Gairola

August 22, 2024 | 1:32 am

VMAR

Trading for VMAR has been halted as of 7:50:00 p.m. ET due to pending news. This indicates that significant information regarding the company is expected to be released soon.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:50 pm

SPCB

Trading for SPCB was halted at 7:50:00 p.m. ET due to pending news. This indicates that significant information regarding the company is expected to be released, which could impact its stock price.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:50 pm