Streetbeat News

Regulatory

SPY

U.S. Treasury Secretary Janet Yellen stated that the Q2 GDP and inflation data affirm the U.S. is on a path to steady growth and declining inflation. The strong growth is attributed to the Biden-Harris administration's economic plan, which has created 15.7 million jobs since taking office. However, prices remain high for many Americans, and the administration is working to address cost pressures in housing, healthcare, and energy.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:48 pm

META

VGK

Meta is expected to face its first EU antitrust fine for linking its Marketplace service with Facebook. The decision from the EU antitrust authorities is anticipated after the August holiday break, according to Reuters sources.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:33 pm

MSTR

Anthony Scaramucci and Michael Saylor are co-authoring a book on Bitcoin, emphasizing its future importance. The book, part of the 'little book of investing' series, will be released on Dec. 5 and aims to educate a broad audience on Bitcoin and its potential. Scaramucci remains bullish on Bitcoin, predicting significant price increases.

Portfolio Pulse from Chris Katje

July 25, 2024 | 2:24 pm

ADBE

Adobe has issued a response to the Federal Trade Commission's (FTC) updated complaint. The company is addressing the concerns raised by the FTC and is committed to resolving the issues. This development could have implications for Adobe's stock in the short term.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:21 pm

DAVE

Bleeker Street Research has issued a report on Dave, Inc. (DAVE) titled 'Dave, Inc (DAVE): 100% Downside Possible As The Regulatory Heat Turns Up The Heat On This Lender'. The report suggests that the company could face significant downside due to increasing regulatory pressures.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:18 pm

AMD

GOOG

INTC

NVDA

TSLA

AMD has delayed the launch of its Zen 5 desktop processors due to quality checks, with new dates set for August. The delay comes amid Intel's stability issues with its processors and a broader semiconductor sector selloff due to U.S.-China tensions. AMD's stock fell 2.32% following the news.

Portfolio Pulse from Anusuya Lahiri

July 25, 2024 | 1:59 pm

ALK

BA

ITA

PPA

Boeing Co (NYSE:BA) is trading lower in premarket after agreeing to finalize a guilty plea to a criminal fraud conspiracy charge, paying at least $243.6 million for breaching a 2021 agreement with the U.S. Justice Department. Boeing will invest $455 million over three years to enhance safety and compliance programs. An independent monitor will oversee compliance, with annual progress reports and a three-year probation period. Boeing acknowledged allowing risky work at its factories and failing to ensure accurate airplane record keeping. The Justice Department highlighted ongoing safety and quality issues, including a January incident with an Alaska Air Group Inc (NYSE:ALK) 737 MAX. Boeing stock has lost more than 15% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

July 25, 2024 | 1:46 pm

TWOU

Shares of 2U Inc. (TWOU) have resumed trading after a temporary halt. The company has not provided specific reasons for the halt, but such pauses are often due to pending news or significant events.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:41 pm

META

Meta's Oversight Board has called for clearer regulations against AI-generated pornographic content on Meta's platforms, citing inadequacies in current rules. The Board reviewed two deepfake cases and criticized Meta's response. Meta will review the recommendations.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 1:29 pm

TOPS

Trading of TOP Ships Inc. (TOPS) has been halted pending news. Investors are awaiting further information that could significantly impact the stock price.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:25 pm