Streetbeat News

Regulatory

PCG

A new S&P Global report reveals that household energy bills have risen significantly in several U.S. states over the past five years, with Maine experiencing the highest increase at 65.6%. California's PG&E Corp (NYSE:PCG) has also seen substantial rate hikes due to wildfire mitigation costs. Meanwhile, energy prices remained stable or declined in some Middle American states.

Portfolio Pulse from Hayden Buckfire

July 30, 2024 | 3:42 pm

AMZN

The FDA issued a warning letter to Amazon.com on July 25 regarding the distribution of products that violate the FD&C Act. The letter specifically concerns potent chemical peel products available for purchase and use by consumers on Amazon.com.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:39 pm

GME

NVDA

Short seller Andrew Left, known for his stance against GameStop during its 2021 short squeeze, faces federal securities fraud charges. Prominent investors Edwin Dorsey and Whitney Tilson defend Left, highlighting his role in exposing market frauds. The case could impact the future of short reports.

Portfolio Pulse from Chris Katje

July 30, 2024 | 3:38 pm

WMT

The FDA issued a warning letter to Walmart on July 25 regarding the distribution of 'Skin Beauty Solutions Lactic Acid Skin Peel 90%' which violates the FD&C Act.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:37 pm

SAVE

Spirit Airlines (NYSE:SAVE) shares are trading higher after the company introduced new premium offerings and a U.S. appeals court blocked a rule requiring airlines to disclose fees upfront. The new travel packages include various options such as snacks, reduced baggage fees, and Wi-Fi service. Spirit's stock is currently trading below its 50-day moving average, and 19.11% of shares are being sold short.

Portfolio Pulse from Erica Kollmann

July 30, 2024 | 3:35 pm

BA

SPR

Spirit AeroSystems announced that it expects the completion of its transactions with Boeing to occur by mid-2025, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:27 pm

SPY

Governor of Pennsylvania, Josh Shapiro, stated that the Biden-Harris infrastructure spending law is positively impacting Pennsylvania. The state has also cut taxes for businesses to enhance competitiveness.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:25 pm

SPY

U.S. Treasury Secretary Janet Yellen stated that Vice President Kamala Harris supports not raising taxes on middle-income taxpayers. Harris has also been supportive of President Biden's initiatives to make child care more affordable and to make the expanded Child Tax Credit permanent.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:25 pm

EWJ

SPY

X

Pennsylvania Governor Shapiro has expressed serious concerns about Nippon Steel's acquisition of U.S. Steel, stating that the deal would not meet his approval in its current form.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:14 pm

SPY

U.S. Treasury Secretary Janet Yellen stated that President Biden aims to ensure that households earning under $400,000 do not see a tax increase. Biden also seeks tax fairness with higher taxes on the wealthy and corporations.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:10 pm