Streetbeat News

Regulatory

VBIV

VBI Vaccines (VBIV) has been notified that its common shares will be delisted from Nasdaq effective August 8, 2024. The company does not intend to appeal the delisting decision.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 8:08 pm

JDZG

Jiade Limited has received a non-compliance notice from Nasdaq for failing to meet the minimum bid price requirement. The company specializes in comprehensive education support services for adult education institutions.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 8:06 pm

META

The DOJ and FTC have filed a lawsuit against ByteDance's TikTok for repeatedly violating the Children's Online Privacy Protection Act (COPPA). The lawsuit alleges that TikTok collected personal information from children under 13 without parental consent. This legal action could benefit Meta Platforms Inc (NASDAQ:META), a competitor of ByteDance.

Portfolio Pulse from Hayden Buckfire

August 02, 2024 | 7:59 pm

ETCUSD

Ethereum Classic (ETC) is trading lower by 5.18% due to weaker-than-expected U.S. employment data, which has raised concerns about the U.S. economy and led to a shift in investment strategies towards safer assets.

Portfolio Pulse from Henry Khederian

August 02, 2024 | 7:00 pm

DOGEUSD

Dogecoin (DOGE) is trading lower by 5.6% to $0.11 amid overall global market weakness driven by weaker-than-expected U.S. jobs data. The report revealed a slowdown in job creation and a rise in the unemployment rate, leading to speculation of a larger rate cut by the Federal Reserve. This economic uncertainty has caused investors to move away from speculative investments like Dogecoin.

Portfolio Pulse from Henry Khederian

August 02, 2024 | 7:00 pm

LLY

The FDA has announced the availability of Mounjaro injections in 2.5mg, 5mg, and 10mg doses, and Zepbound injections in 2.5mg, 5mg, and 12.5mg doses.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:46 pm

BTCUSD

ETHUSD

July was highlighted as one of the most eventful months in crypto history, with significant events such as Donald Trump's keynote speech at a Bitcoin conference, the launch of Spot Ethereum ETFs, and various government actions involving Bitcoin. These events have set the stage for a potentially bullish August and September for the crypto market.

Portfolio Pulse from Khyathi Dalal

August 02, 2024 | 6:36 pm

CMCSA

DIS

Major US indexes fell after a weak jobs report, with some economists attributing the rise in unemployment to Hurricane Beryl. The Bureau of Labor Statistics denied the hurricane's impact, but economists remain skeptical. Extreme weather, exacerbated by climate change, could harm the economy. Governor Ron DeSantis declared a state of emergency in Florida, potentially disrupting travel to Walt Disney Co's Disney World and Comcast Corp's Universal Studios.

Portfolio Pulse from Hayden Buckfire

August 02, 2024 | 6:36 pm

EIS

ISRA

SPY

Israel is set to send negotiators to Cairo to discuss a Gaza ceasefire and hostage deal, according to Prime Minister Netanyahu's office.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:23 pm

AAPL

AMZN

FXY

IWM

NVDA

QQQ

SMH

SPY

TLT

XLK

XLP

Wall Street experienced a sharp decline on Friday, driven by a cooler-than-expected July jobs report and concerns over the Federal Reserve's rate cut timing. The Magnificent Seven tech giants lost over $300 billion in market value, with Apple being the only exception due to positive earnings. The Nasdaq 100 entered a correction phase, and the CBOE Volatility Index surged over 30%. Small caps and semiconductors were hit hard, with the iShares Semiconductor ETF (SMH) down over 5%. Nvidia fell 3.4% amid a DOJ investigation. Treasuries and the Japanese yen saw gains, while gold and oil prices fell.

Portfolio Pulse from Piero Cingari

August 02, 2024 | 5:49 pm