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SPY

Dallas Fed's Logan suggests a gradual approach to rate cuts, citing risks of inflation remaining above the 2% target. This cautious stance implies that the Fed should not rush to reduce rates, allowing time to assess the impact of monetary policy.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:19 pm

SPY

Dallas Fed's Logan suggests a gradual approach to rate cuts due to inflation risks. The Fed should not rush to reduce rates as inflation may remain above the 2% target. A gradual policy allows for better assessment of monetary policy's restrictiveness and balances labor market risks.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:17 pm

MORT

REZ

A sharp increase in mortgage rates has led to a significant drop in U.S. mortgage applications, as the market reacts to a strong jobs report and rising Treasury yields. Mortgage-linked stocks, including the VanEck Mortgage REIT Income ETF (MORT) and iShares Residential and Multisector Real Estate ETF (REZ), have declined as a result.

Portfolio Pulse from Piero Cingari

October 09, 2024 | 12:59 pm

BA

Boeing Co. (NYSE:BA) is facing significant challenges as a strike by over 33,000 workers halts operations in Washington. The breakdown in negotiations with the International Association of Machinists and Aerospace Workers has led to potential financial strain, with Boeing considering selling $10 billion in new stock. Additionally, S&P Global and Moody's are reviewing Boeing's credit rating, with a downgrade to junk status possible. The stock has dropped significantly this year, and technical indicators suggest a bearish trend.

Portfolio Pulse from Surbhi Jain

October 09, 2024 | 12:36 pm

BNZI

Banzai has announced strategic initiatives aimed at improving its net income by up to $13.5 million annually. This will be achieved through a $9.9 million reduction in operational expenses and a $3.6 million reduction in other expenses. The plan includes workforce adjustments, vendor cost-savings, and debt restructuring to extend the company's cash runway and support growth. Banzai will continue investing in its software platform and marketing while enhancing efficiency and scalability.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:34 pm

TRP

TC Energy has increased the maximum purchase amount for its offers to buy outstanding notes from $1.75 billion to $1.809 billion. This move is part of its strategy to manage its debt effectively.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 11:42 am

TRP

TC Energy announced the expiration of its offers to purchase up to C$350 million of TransCanada Pipelines' outstanding notes. This move is part of their financial strategy to manage debt.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 11:40 am

BA

Boeing Co. (NYSE:BA) has halted negotiations with striking workers after failed attempts to reach an agreement, leading to a negative watch on its credit rating by S&P Global Ratings. The strike, now in its fourth week, could result in $10 billion cash outflows in 2024. Additionally, Boeing faces safety concerns with the FAA issuing an alert on potential rudder system jams on Boeing 737 airplanes.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 10:40 am

HTGC

Hercules Capital has received a reaffirmation of its investment-grade credit and corporate rating of Baa3 from Moody's Investors Service, with an improved outlook to positive.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:08 am

BA

Boeing's credit rating has been placed on negative watch by S&P due to a machinist strike, which is causing significant financial strain. The strike is delaying production goals and may lead Boeing to issue new stock to raise $10 billion. Safety issues and labor disputes add to Boeing's challenges.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 8:35 am