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Regulatory

HYZN

Hyzon Motors Inc. announced it will halt operations in the Netherlands and Australia, incurring $17M in charges. The company is refocusing on North American markets and the refuse industry. Hyzon is also exploring strategic alternatives, including potential bankruptcy, and is working to regain Nasdaq compliance.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:32 am

CMS

Consumers Energy plans to install 1,500 new EV charging stations in Michigan by the end of the decade, as part of its Transportation Electrification Plan. The initiative aims to support the growth of electric vehicles and clean transportation in the state.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:03 am

FUTU

Futu Holdings Limited (NASDAQ:FUTU) has announced that its subsidiary, Futu Securities International (Hong Kong) Limited, has upgraded its Type 1 license to include virtual asset dealing services. This will allow Futu Securities to offer virtual asset services to both retail and professional investors in Hong Kong.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:02 am

Boeing has agreed to plead guilty to criminal conspiracy for misleading the FAA about the safety of its 737 MAX aircraft. The company will pay up to $487.2 million in fines and spend $455 million on compliance and safety programs. This deal, subject to court approval, includes three years of court-supervised probation. The plea deal has been criticized by victims' families as insufficient.

Portfolio Pulse from Shanthi Rexaline

July 08, 2024 | 6:25 am

ETHUSD

Nate Geraci, president of The ETF Institute, predicts that Ethereum-based spot ETFs could launch within the next two weeks, contingent on SEC approval of modified S-1 filings. The SEC had previously approved 19b-4 forms for Ether ETFs in May. The launch could significantly impact the cryptocurrency market, with Gemini estimating up to $5 billion in net inflows within the first six months.

Portfolio Pulse from Aniket Verma

July 08, 2024 | 3:52 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant declines, with Bitcoin falling below $56,000. The market downturn is partly due to planned sell-offs by Mt.Gox and the German government. The Cryptocurrency Fear & Greed Index is at its lowest since January 2023. Stock futures also traded lower, and investors are looking to key inflation data for cues on the Federal Reserve's next steps.

Portfolio Pulse from Aniket Verma

July 08, 2024 | 2:05 am

AMZN

COST

Sen. Bernie Sanders praised the French Left for their victory over right-wing extremism, attributing their success to popular policies like lowering the retirement age and raising the minimum wage. The French left coalition won the most seats but fell short of a majority, leading to a hung parliament. Sanders' support for similar policies in the U.S. aligns with growing public sentiment for higher wages and better working conditions.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 1:20 am

AAPL

GOOGL

META

MSFT

NVDA

TSLA

The Biden administration announced a $504 million funding package for 12 regional tech hubs. California lawmakers are voting on a bill for AI safety regulations, opposed by Meta and Alphabet. Epic Games plans to relaunch 'Fortnite' on its own iPhone app store in the EU. Sega Sammy and Capcom announced new developments in their gaming franchises. Microsoft’s Xbox Game Pass has an exciting new lineup. Apple extended the deadline for iPhone 7 users to claim a settlement and declined Meta's AI chatbot proposal. Samsung introduced a new chipset for its Galaxy Watch. The EU may charge Meta with digital regulation breaches. SK Group plans significant investments in AI and semiconductors. Elon Musk shared updates on his AI chatbot, Grok.

Portfolio Pulse from Lekha Gupta

July 07, 2024 | 11:40 pm

BTCUSD

ETHUSD

SHIBUSD

This past week saw significant events in the world of cryptocurrencies and finance, including Robert Kiyosaki's prediction of a historic market crash, a surge in Kamala Harris' odds as a 2024 presidential candidate, a downturn in the cryptocurrency market, potential impacts of a Trump election win on crypto, and a skyrocketing burn rate for Shiba Inu.

Portfolio Pulse from Benzinga Neuro

July 07, 2024 | 12:20 pm

AAPL

GOOG

GOOGL

MSFT

Apple Inc. (NASDAQ:AAPL) has made significant moves this week, including a strategic shift towards AI, an observer role at OpenAI, an extended iPhone settlement deadline, rumors of major changes for the next-gen Vision Pro, and a potential AI partnership with Google.

Portfolio Pulse from Benzinga Neuro

July 07, 2024 | 11:29 am