Streetbeat News

Credit

JPM

SPY

JPMorgan CEO Jamie Dimon warns of a potential 'hard landing' for the U.S. economy, with stagflation being the worst outcome. He suggests that interest rates could still rise slightly and highlights concerns about inflation and consumer confidence.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:15 am

ST

Sensata Technologies has announced the pricing of $500 million in senior notes at par, with the closing expected on June 6, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 9:50 pm

ZBRA

Zebra Technologies has announced the pricing of a $500 million private offering of 6.500% senior unsecured notes due 2032. The proceeds will be used to repay outstanding debt and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 9:42 pm

BE

Bloom Energy has announced a private offering of $250 million in green convertible senior notes due 2029 to qualified institutional buyers. Additionally, the company has granted initial purchasers an option to buy an extra $37.5 million in notes.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:36 pm

DIA

QQQ

SPY

UUP

The minutes from the May FOMC meeting indicate a prolonged period of high interest rates, countering earlier dovish signals from Fed Chair Jerome Powell. Key points include the persistence of inflation, the effectiveness of current policy, and the potential for further tightening. Financial experts highlight the impact on market fluctuations and the challenges faced by the Fed. Major indices closed lower, and the dollar gained ground.

Portfolio Pulse from Piero Cingari

May 22, 2024 | 8:05 pm

SPY

The Federal Open Market Committee (FOMC) released the minutes of its April 30–May 1, 2024 meeting. The minutes provide insights into the committee's discussions on economic conditions, inflation, and potential future monetary policy actions.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:02 pm

SPY

The Federal Reserve staff's economic projection remains similar to the March outlook but highlights that deteriorating household financial positions, particularly for lower-income households, could be a larger drag on economic activity than previously anticipated.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:02 pm

SPY

The Federal Reserve's minutes reveal that more time is needed to gain confidence in inflation trends. The Fed is willing to tighten policy if risks materialize and is uncertain about the current policy's restrictiveness. Future policy paths will depend on data, and disinflation is slower than expected. Economic projections are similar to March, but household financial positions may drag on activity.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:01 pm

GS

SPY

Goldman Sachs CEO David Solomon stated that he does not expect any rate cuts by the Federal Reserve this year. He described the U.S. economy as being in a 'slightly more fragile place' than a soft landing. Solomon noted that government spending and AI investments have mitigated the impact of higher rates on the U.S. economy. He also characterized the global economic environment as 'slow and sluggish.'

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 5:33 pm

CCJ

On May 21, 2024, Cameco announced a $500 million debenture offering by private placement.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 1:33 pm