Streetbeat News

Regulatory

CRKN

Trading for Crown Electrokinetics Corp. (CRKN) was halted at 7:50:00 p.m. ET pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:50 pm

NKLA

Trading for Nikola Corporation (NKLA) 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

June 24, 2024 | 11:50 pm

BAC

DFS

PFSI

UWMC

Shares of U.S.-listed mortgage lenders have risen after U.S. regulators allowed Freddie Mac to buy second mortgages, potentially lowering borrowing costs against home equity. The Federal Housing Finance Authority (FHFA) approved a pilot program for Freddie Mac to buy up to $2.5 billion of second mortgages over 18 months.

Portfolio Pulse from Michael Juliano

June 24, 2024 | 11:06 pm

BAC

C

JPM

WFC

Shares of major U.S. banks rose modestly as the Federal Reserve indicated potential changes to its bank-capital overhaul, which could ease the burden on Wall Street lenders. The revisions may reduce the required capital increase from 16% to as low as 5%.

Portfolio Pulse from Michael Juliano

June 24, 2024 | 10:22 pm

FFIE

Faraday Future plans to regain Nasdaq compliance by proposing a reverse stock split with a ratio of up to 40:1. The final ratio will be determined by the Board after stockholder approval, with the option to abandon, delay, or postpone the split.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 10:01 pm

AMAT

AVGO

INTC

MA

MCD

META

NFLX

PM

QCOM

V

Goldman Sachs warns that the upcoming U.S. presidential election could significantly impact U.S. stocks, particularly those with international exposure. A Trump victory may lead to a stronger U.S. dollar and potential tariffs, which could negatively affect internationally-exposed stocks. Historical trends show domestically-focused stocks outperforming immediately after Trump's election but underperforming in the long term.

Portfolio Pulse from Piero Cingari

June 24, 2024 | 9:15 pm

SWAG

Stran & Company received a notification from Nasdaq about non-compliance for continued listing. The company has engaged Marcum LLP as its new independent registered public accounting firm and plans to file Form 10-Q by August 20, 2024, to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 9:07 pm

MMLP

Martin Midstream Partners reported a spill of approximately 2,000 barrels of crude oil from its transfer pipeline on June 15, 2024. The company is collaborating with the EPA and other agencies for clean-up, having recovered 1,250 barrels as of June 23, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 9:02 pm

LNT

Alliant Energy and its subsidiary, Interstate Power and Light Company (IPL), will incur a one-time charge of approximately $60 million pre-tax ($45 million after-tax) for Q2 and H1 ending June 30, 2024, due to a non-unanimous settlement agreement over IPL's retail electric rate review. This charge is related to the retired coal-fired Lansing Generating Station. The settlement is pending approval by the Iowa Utilities Board.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:57 pm

ALLR

Allarity Therapeutics Inc (NASDAQ:ALLR) shares dropped by 28.40% to $0.32 after receiving a noncompliance letter from Nasdaq for failing to maintain a minimum bid price of $1 per share for 30 consecutive business days. The company plans to appeal the decision, temporarily preventing suspension and delisting.

Portfolio Pulse from Henry Khederian

June 24, 2024 | 8:28 pm