Streetbeat News

Regulatory

DWAC

Trump Media & Technology Group has stated in an SEC filing that it does not have substantial doubt about its ability to continue as a going concern as of June 30.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:39 pm

HUN

Huntsman Corporation has filed a debt securities shelf registration with the SEC, allowing the company to issue debt securities in the future.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:36 pm

UNH

UnitedHealth Group announced that Change Healthcare reported a breach under the Health Insurance Portability and Accountability Act (HIPAA) in June. Change Healthcare began notifying affected customers in June and individuals in late July.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:23 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are trading marginally higher with Bitcoin, Ethereum, and Dogecoin showing gains. Notable developments include a new Trump-themed coin, a CBOE application for Bitcoin ETF options, and Putin's approval of crypto mining in Russia. Analysts predict Bitcoin could reach $100,000 by the end of 2024.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 8:17 pm

HUMA

Humacyte shares are trading lower after the company announced that the FDA will require additional time to complete its review of the BLA for ATEV in the treatment of vascular trauma.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:10 pm

HUMA

Humacyte announced that the FDA will require additional time to complete its review of the Biologics License Application (BLA) for ATEV in the treatment of vascular trauma.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:09 pm

CP

Canadian Pacific Kansas City (CPKC) has issued a notice to the Teamsters Canada Rail Conference (TCRC) divisions of its plan to lock out employees on Aug. 22 if a settlement or binding arbitration is not reached. This follows a decision by the Canada Industrial Relations Board (CIRB) that no services need to be maintained during a railway strike or lockout to protect public health and safety.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:03 pm

SPY

Wall Street experienced significant volatility this week due to mixed economic data and speculation about Federal Reserve rate cuts. The SPDR S&P 500 ETF Trust (SPY) saw a strong recovery after initial panic selling, driven by better-than-expected service sector data and dovish statements from the Bank of Japan. Mortgage rates dropped to their lowest levels in over a year, potentially boosting home prices.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 7:38 pm

NDAQ

TNA

TZA

Nasdaq has proposed stricter delisting processes for companies that fall out of compliance with listing standards, potentially impacting penny stocks. This could affect Direxion's leveraged ETFs, TNA and TZA, which track the Russell 2000 index. TNA and TZA have seen significant price fluctuations recently.

Portfolio Pulse from Joshenomoto@benzinga.com

August 09, 2024 | 6:34 pm

BTCUSD

USDCUSD

USDTUSD

Bitcoin has recovered above $60,000, but analysts from 10x Research urge caution and early profit-taking due to high volatility. Significant inflows have been observed, with Tether minting $1 billion, Circle minting $1.6 billion, and Binance reporting $2.4 billion in inflows. A US judge has approved FTX's repayment of $12.7 billion to creditors, potentially redirecting funds back into crypto. The market anticipates potential approval of Bitcoin ETF options by the SEC by Sep. 21.

Portfolio Pulse from Murtuza Merchant

August 09, 2024 | 6:08 pm