Streetbeat News

Regulatory

ALK

BA

NTSB Chair Homendy has stated that Boeing has significant improvements to make in its safety culture. Additionally, the NTSB and Boeing have been unable to determine who removed a door plug from an Alaska Airlines 737 MAX 9.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:13 pm

DUK

U.S. Secretary of Energy Jennifer Granholm announced a $57 million DOE funding for a transmission rebuild project in North Carolina. The project, in partnership with Duke Energy and state agencies, aims to enhance power grid reliability and meet growing demand. The 40-mile transmission line rebuild in Wake, Johnston, and Wayne counties will benefit 14,000 customers.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:10 pm

EIS

SPY

The White House has stated that there is no belief of an imminent response against Israel from Iran or Hezbollah, according to the WH Press Secretary.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:04 pm

SPY

The White House has acknowledged economic volatility but asserts that the broader economy remains resilient. The economic team will continue to monitor the ongoing situation.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:57 pm

DIA

The recent sharp decline in global markets, including the Dow Jones Industrial Average and the S&P 500, is attributed to the Bank of Japan's unexpected interest rate hike, which led to the unwinding of the yen carry trade. This has caused significant market volatility and poses a dilemma for the Federal Reserve's upcoming rate decisions.

Portfolio Pulse from Michael Juliano

August 06, 2024 | 6:55 pm

AAPL

GOOG

GOOGL

A U.S. federal judge ruled that Alphabet Inc. (GOOG, GOOGL) illegally maintained monopolies in search and text advertising. This ruling could lead to a breakup of Alphabet, which analysts believe would boost its stock value. Needham analyst Laura Martin reiterated a Buy rating for Alphabet with a price target of $210, citing the potential benefits of a breakup, including higher investor appeal for pure-play assets, increased transparency, and reduced regulatory risks.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 6:23 pm

SYK

Stryker shares are trading higher after the company announced it received FDA clearance and launched its Pangea plating system to enhance trauma care.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:01 pm

BIDU

MU

NVDA

Chinese tech giants Huawei and Baidu are increasing their purchases of Samsung's high bandwidth memory (HBM) semiconductors in anticipation of new U.S. export restrictions. This move comes as the U.S. plans to introduce an export control package targeting China's semiconductor industry. Baidu's stock has seen a 44% decline over the past year, while Micron Technology has already ceased selling HBM products to China due to previous sanctions. Nvidia continues to develop AI chips compliant with U.S. regulations.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 5:39 pm

BTCUSD

Crypto trader Eugene Ng Ah Sio expressed concerns about the future of cryptocurrencies, citing a broken market structure and potential deep recession. He advises capital preservation as the crypto market faces significant downturns.

Portfolio Pulse from Khyathi Dalal

August 06, 2024 | 4:55 pm

BA

SPR

Boeing is working on design changes to the door plug to ensure it cannot be closed until it is fully secured, as discussed in an NTSB hearing.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:43 pm