Streetbeat News

Regulatory

YOSH

Yoshiharu has received a notification letter from Nasdaq for failing to comply with filing requirements. The company has 60 days to submit a compliance plan, and if accepted, it will have until December 16, 2024, to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 9:33 pm

SPY

The upcoming debate between President Joe Biden and former President Donald Trump is expected to focus on the economy and foreign policy. Both candidates have policies that could lead to increased inflation and fiscal spending. Market reactions, particularly long-term Treasury yields and the VIX, are anticipated to be volatile post-debate.

Portfolio Pulse from Piero Cingari

June 27, 2024 | 8:56 pm

MRK

PFE

Merck's pneumonia vaccine has been recommended for healthy adults aged 65 and older and as interchangeable with Pfizer's Prevnar, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:54 pm

CNGLW

Trading for CNGLW was halted at 4:45:36 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:45 pm

CNGL

Trading for CNGL was halted at 4:45:36 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:45 pm

CNGLU

Trading for CNGLU was halted at 4:45:36 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:45 pm

BAC

C

GS

KRE

USB

WFC

XLF

JPMorgan analyst Vivek Juneja reacted to the Federal Reserve’s annual stress test results for U.S. banks, highlighting a substantial increase in stress capital buffers (SCB) for large-cap banks. This increase may delay or reduce long-term capital return plans. Citigroup fared well, while Goldman Sachs and Wells Fargo faced significant SCB increases. U.S. Bancorp was downgraded from Overweight to Neutral. Bank ETFs like XLF fell, while regional banks outperformed.

Portfolio Pulse from Hayden Buckfire

June 27, 2024 | 8:38 pm

FFIE

Faraday Future Intelligent Electric (FFIE) has announced that Nasdaq has approved the continued listing of its stock, subject to certain compliance deadlines.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:32 pm

NUTX

Nutex Health Inc. (NASDAQ:NUTX) announced a 1-for-10 reverse stock split effective July 3, 2024, to regain compliance with Nasdaq's minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:30 pm

IBIT

Cryptocurrency markets are rallying ahead of the Trump-Biden U.S. Presidential election debate, with a Solana spot ETF application by VanEck as a key catalyst. Bitcoin, Ethereum, and Dogecoin are among the gainers. Notable developments include BlackRock's purchase of Bitcoin for its Global Allocation Fund and Coinbase suing the SEC and FDIC. Analysts caution about potential liquidations if Bitcoin drops to $60,700.

Portfolio Pulse from Khyathi Dalal

June 27, 2024 | 8:21 pm