Streetbeat News

Regulatory

CRWD

MSFT

CrowdStrike CEO George Kurtz is set to testify before Congress regarding a recent global tech outage caused by a faulty update to CrowdStrike's security software. The incident affected millions of devices running on Microsoft's Windows OS, leading to significant disruptions across various industries. CrowdStrike's stock has dropped sharply, and analysts have downgraded the stock due to concerns over the company's handling of the situation.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 3:00 am

BTCUSD

DOGEUSD

ETHUSD

NVDA

Leading cryptocurrencies traded flat as the SEC approved spot ETFs for Ethereum. Bitcoin remained stable, while Ethereum saw selling pressure and a whale transferred $30 million in Ether to Binance. The market saw significant liquidations, and analysts suggest buying the dip in Ethereum.

Portfolio Pulse from Aniket Verma

July 23, 2024 | 2:50 am

BLK

COIN

The SEC has approved the trading of spot Ethereum ETFs, marking a significant milestone for cryptocurrency investments. The approved ETFs include those from 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco Galaxy. Coinbase Global Inc. will act as the custodian for 8 of the 9 newly approved ETFs. Analysts project significant inflows and increased activity in the Ethereum ecosystem.

Portfolio Pulse from Aniket Verma

July 23, 2024 | 1:52 am

KITTW

Trading for KITTW was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:50 pm

KITT

Trading for the stock symbol KITT was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:50 pm

ACB

CGC

CRON

IIPR

MSOS

OGI

SNDL

TLRY

VFF

YOLO

Cannabis stocks and ETFs saw significant movement following President Joe Biden's announcement that he will not seek re-election. Key stocks like Aurora Cannabis, Village Farms International, Tilray Brands, and SNDL experienced notable gains. Multi-state operators and cannabis ETFs also saw positive performance.

Portfolio Pulse from Nicolás Jose Rodriguez

July 22, 2024 | 10:12 pm

UPBD

Upbound Business Acima Leasing has filed a lawsuit against the US Consumer Financial Protection Bureau (CFPB) in the District Court for the Eastern District of Texas. Acima aims to stop what it claims is the CFPB's illegal attempt to expand its authority beyond federal law and override state regulations governing the lease-to-own industry.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:02 pm

GOOG

GOOGL

Google has reversed its decision to eliminate cookies in its Chrome browser, citing industry and regulatory pressure. This move comes after objections from digital-advertising companies and regulators. Google will now allow Chrome users to decide whether to enable or disable cookies.

Portfolio Pulse from Michael Cohen

July 22, 2024 | 9:46 pm

TSLA

A Tesla vehicle caught fire at a Supercharger station in Pennsylvania, raising concerns about battery fires and hazardous materials. This incident adds to previous reports of Tesla-related fires, highlighting potential safety issues with EV batteries.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 9:02 pm

EIS

ISRA

ITEQ

IZRL

TAN

Israel has ordered residents in southern Gaza to evacuate as it plans military action against Hamas. This follows a Houthi drone attack on Tel Aviv and subsequent Israeli strikes on Houthi installations in Yemen. ETFs with Israel exposure saw gains in late-afternoon trading.

Portfolio Pulse from Michael Juliano

July 22, 2024 | 9:01 pm