Streetbeat News

Regulatory

GM

HMC

HYMTF

VRSK

U.S. Senators Ron Wyden and Ed Markey have urged the FTC to investigate General Motors (GM), Honda, and Hyundai for allegedly sharing driver data with Verisk Analytics without full disclosure. The data, including acceleration, braking, and location information, was reportedly sold to insurance companies, potentially affecting insurance premiums. The senators claim that these automakers used manipulative design techniques to obtain consent from consumers.

Portfolio Pulse from Hayden Buckfire

July 29, 2024 | 6:23 pm

SPY

President Biden has endorsed Supreme Court reforms, proposing 18-year term limits, a binding ethics code, and a constitutional amendment to limit presidential immunity. Significant legislative hurdles are expected.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:08 pm

COIN

Former President Donald Trump has promised to remove SEC Chair Gary Gensler if reelected, a statement that has resonated with cryptocurrency enthusiasts. Gensler, known for his stringent crypto regulations, has been a controversial figure. However, the feasibility of Trump's promise is legally ambiguous. Gensler is expected to step down in 2025, potentially altering the regulatory landscape for cryptocurrencies. This debate has significant implications for the crypto industry, including companies like Coinbase.

Portfolio Pulse from Murtuza Merchant

July 29, 2024 | 5:41 pm

CNP

Texas is considering penalizing CenterPoint Energy for its inadequate response to recent storms. The potential penalties could impact the company's financial performance and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:36 pm

CSCO

HPE

JNPR

Hewlett Packard Enterprise (HPE) is set to receive EU antitrust approval for its $14 billion acquisition of Juniper Networks (JNPR). The deal, announced in January, aims to enhance HPE's product offerings amidst the rise in AI-driven services. The European Commission's decision is expected by August 1, and the U.K.'s antitrust authority will decide by August 14. HPE shares are currently trading lower by 1.49%.

Portfolio Pulse from Shivani Kumaresan

July 29, 2024 | 5:34 pm

AAPL

AMG

AMZN

ARLP

CNA

MCD

META

MSFT

ON

RVTY

SCHW

SPY

TLT

TSLA

XLE

XLY

Wall Street opened higher on Monday, driven by optimism ahead of major tech earnings and the Federal Reserve's meeting. Tesla rebounded 5% after a bullish note from Morgan Stanley, while oil prices dropped to 7-week lows. Key economic data and earnings reports from major companies like Microsoft, Apple, Meta, and Amazon are expected this week.

Portfolio Pulse from Piero Cingari

July 29, 2024 | 5:31 pm

EXAS

GH

The FDA has approved Guardant Health's Shield blood test for colorectal cancer screening in adults aged 45 and older. Despite the approval, analysts are cautious about its adoption due to several limitations highlighted in the product label. Guardant Health's Shield will compete with Exact Sciences' Cologuard. GH stock rose by 5.42% following the news.

Portfolio Pulse from Vandana Singh

July 29, 2024 | 5:21 pm

RVSN

Rail Vision shares are trading lower after the company received a notification from NASDAQ indicating it is not in compliance with its bid price rule.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:11 pm

ISRA

SPY

USO

Israeli Prime Minister Benjamin Netanyahu stated that Hamas is preventing a ceasefire and hostage deal in Gaza, and that Israel has not changed its conditions.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:08 pm

MU

QQQ

Micron Technology Inc (MU) shares have been volatile in July, influenced by potential US restrictions on China, geopolitical tensions, and mixed tech earnings. The semiconductor sector, including Micron, faces potential impacts from reduced AI and data center investments, economic uncertainties, and inventory pressures.

Portfolio Pulse from Henry Khederian

July 29, 2024 | 5:06 pm