Streetbeat News

Security

COIN

Coinbase Global Inc. has acknowledged delays in sending and receiving transactions across multiple networks. This issue may affect users' ability to transfer cryptocurrencies in a timely manner.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 7:54 pm

SPY

U.S. Spy Chief Haines has reported an increasing number of foreign actors, including non-state entities, attempting to illicitly influence U.S. elections. Russia, China, and Iran are identified as the most significant foreign actors in this regard.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:59 pm

EIS

Hamas Chief states that Israeli amendments on a ceasefire proposal by mediators have led the negotiation into a deadlock.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:43 pm

SPY

VGK

President Biden has condemned the shooting of Slovak PM Fico, calling it a 'horrific act of violence.' The US Embassy is in close contact with the Slovak government and is ready to assist.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:24 pm

GOOG

GOOGL

MSFT

Alphabet Inc.'s CEO Sundar Pichai addressed allegations that OpenAI, backed by Microsoft, may have violated YouTube's terms of service by scraping over a million hours of videos to train its AI model, Sora. Pichai emphasized that OpenAI should answer these questions and mentioned that Google has processes to investigate such breaches.

Portfolio Pulse from Rounak Jain

May 15, 2024 | 9:50 am

SOLUSD

A core developer for the Solana-based decentralized exchange Cypher admitted to misappropriating $300 million meant for hack victims, leading to concerns over the integrity of the ecosystem. The developer, known as 'Hoak,' publicly confessed to gambling away the funds. This incident follows a previous hack on the platform, raising further questions about security and trust within the Solana ecosystem.

Portfolio Pulse from Aniket Verma

May 15, 2024 | 8:24 am

FXI

SPY

TikTok creators have filed a lawsuit to prevent the enforcement of a U.S. law that mandates the platform to be divested or face a ban. This legal action underscores the ongoing tension between TikTok, owned by ByteDance, a Chinese company, and U.S. regulatory authorities concerned about data privacy and national security. The outcome of this lawsuit could have significant implications for TikTok's operations in the U.S. and for U.S.-China relations.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 7:23 pm

AMC

GME

IWM

PLUG

SPWR

UUP

Wall Street trades flat amid mixed producer inflation data and anticipation for consumer inflation report. Fed Chair Powell sees prolonged current monetary policy, while President Biden imposes significant tariffs on Chinese imports. The U.S. dollar index and Treasury yields fell, while small caps and meme stocks like GameStop and AMC surged. Commodities saw mixed movements, and Bitcoin dropped. Key ETFs and stocks like Insulet, Plug Power, SunPower, and Delcath Systems reacted to various news, including earnings and significant financial developments.

Portfolio Pulse from Piero Cingari

May 14, 2024 | 5:59 pm

ABBV

AMRS

CRBP

CRDL

HRMY

JAZZ

NTEC

PFE

Roy Bingham, CEO of BDSA, projects the U.S. cannabis market to reach nearly $46 billion by 2028, driven by adult-use and medical market expansion. The DEA's reclassification of cannabis to Schedule III is expected to spur medical research and investment, with significant growth anticipated in pharmaceutical applications and medical cannabis products. This rescheduling may reduce financial pressures on cannabis businesses and attract investment from healthcare and pharmaceutical companies. Despite federal restrictions, the shift is seen as an opportunity for healthcare and pharmaceutical industries to invest in cannabinoid research, potentially impacting medication use and fostering innovation in the sector.

Portfolio Pulse from Nicolás Jose Rodriguez

May 14, 2024 | 5:32 pm

SPY

Fed Chair Powell emphasized the importance of credibility for central banks, stating it is achieved by fulfilling their mandate without engaging in politically charged issues. He highlighted progress on inflation and the importance of focusing on their core responsibilities.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:28 pm