Streetbeat News

Regulatory

MSFT

Microsoft has responded to the FTC's criticism regarding changes to Xbox Game Pass, including price hikes and the discontinuation of the console-only tier. Microsoft argues that the FTC's claims are misleading and that the new Standard tier offers more value than the previous console-only option.

Portfolio Pulse from Franca Quarneti

July 22, 2024 | 4:12 pm

GOOG

GOOGL

Google announced that starting August 7th, 2024, it will update its Google Ads Gambling & Games Policy for Peru. The update will allow ads from operators licensed by the Ministry of Foreign Trade & Tourism.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 4:00 pm

UMAC

Shares of Unusual Machines (UMAC) have been halted pending news. Investors are awaiting further information to understand the reason behind the halt and its potential impact on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 4:00 pm

HYTN

HYTN Innovations Inc (CSE:HYTN) has acquired Prism Scientific Labs Inc to enhance its psychedelic drug manufacturing capabilities. The acquisition includes exclusive access to Prism's intellectual property and specialized equipment, aimed at increasing the yield and potency of psilocybin-containing mushrooms. HYTN issued 12,100,100 common shares to former Prism shareholders as part of the deal. The integration is expected to advance HYTN's development of psychoactive compounds for clinical applications.

Portfolio Pulse from Juan Spínelli

July 22, 2024 | 3:53 pm

COP

CVX

EOG

GRID

ICLN

IYE

MRO

VDE

XLE

XOM

Oil stocks fell amid concerns that Vice President Kamala Harris could take a tougher stance on the oil and gas industry if she becomes the Democratic presidential nominee and wins the race for the White House. Chevron, Marathon Oil, Exxon Mobil, ConocoPhillips, and EOG Resources saw declines. ETFs tied to the oil sector also mirrored this downward trend, while renewable energy ETFs traded in the green, reflecting optimism about a potential shift towards clean energy under a Harris administration.

Portfolio Pulse from Surbhi Jain

July 22, 2024 | 3:51 pm

INAQ

Alpha Modus, Corp. has been awarded two new patents focused on enhancing customer shopping experiences and personalized marketing in retail stores. These patents could significantly impact their technological offerings in the retail sector.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:42 pm

TAL

TAL Education Group (NYSE:TAL) shares are up 7.48% to $10.85 due to China's reduction of key interest rates, which is expected to boost spending and investment, including in education. The sector's resilience during economic fluctuations makes TAL an attractive investment.

Portfolio Pulse from Henry Khederian

July 22, 2024 | 3:22 pm

BABA

BIDU

NIO

NTES

PDD

Shares of US-listed Chinese stocks are trading higher after the People's Bank of China announced a cut in benchmark lending rates.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:14 pm

AAL

DAL

UAL

Delta Air Lines (NYSE:DAL) shares are trading lower after canceling over 600 flights on Monday due to a global cyber outage. The airline continues to face significant disruptions, with 16% of its flights canceled by 7:00 a.m. EST. Secretary of Transportation Pete Buttigieg criticized Delta for inadequate customer service and demanded proper assistance and refunds for affected passengers. Comparatively, American Airlines (NASDAQ:AAL) and United Airlines (NASDAQ:UAL) have mostly recovered, canceling only 1% and fewer than 1% of their flights, respectively.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 3:10 pm

AAPL

AMZN

GLD

GOOG