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The Federal Reserve's preferred measure of inflation for September was in line with Wall Street economist expectations, leading to increased confidence that the Fed will not raise rates again in the near future. This news has led to a rebound in U.S. stocks, with the tech-heavy Invesco QQQ Trust (NASDAQ:QQQ) rallying 1%, the broader S&P 500 ETF Trust (NYSE:SPY) 0.1% higher, and the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) down 0.2%.

Portfolio Pulse from Piero Cingari

October 27, 2023 | 3:20 pm

AMZN

The article discusses the use of FHA loans as a means to enter real estate investing with as little as $5,000. FHA loans are government-backed mortgages that assist people in less than ideal financial situations to buy a home. The article provides examples of individuals who have successfully used FHA loans to start their real estate careers, including Ludomir Wanot, who left a six-figure position at Amazon.com Inc (NASDAQ:AMZN) to pursue real estate full-time.

Portfolio Pulse from Adam Eckert

October 27, 2023 | 1:18 pm

CL

Colgate-Palmolive's CEO has stated that some markets remain unstable, and factors such as foreign exchange and higher interest rates will continue to affect the company.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:39 pm

GTLS

Chart Industries has sold its American Fan business to Fairbanks Morse Defense for $111M in an all-cash deal. The proceeds have been used to pay down debt. The business operates in Fairfield, Ohio, and all employees will be offered the opportunity to continue employment with FMD.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 10:27 am

CHPT

ChargePoint Holdings Inc's stock hit a new all-time low, falling 4.6% to $2.50, amid broader weakness in the EV sector and a rise in Treasury yields. The stock has plunged by 50% in the last month, primarily due to the company's announcement about commitments from institutional investors, including the lead investor of their $300 million convertible notes issued in April 2022. The company also plans to modify the terms of their notes with the lead investor, which could be viewed as a sign of financial pressure.

Portfolio Pulse from Henry Khederian

October 26, 2023 | 8:19 pm

TLT

U.S. Treasury Secretary Janet Yellen has dismissed the expanding fiscal deficit as the cause of the recent surge in long-term bond yields, attributing it instead to the strength of the U.S. economy. The rise in yields could potentially slow economic growth and increase the U.S. government's borrowing costs. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), a barometer for the long-term Treasury market, has fallen by 15% in 2023 and is trading at levels last seen in July 2007.

Portfolio Pulse from Piero Cingari

October 26, 2023 | 7:33 pm

CMCSA

DIS

Comcast has amended its agreements with The Walt Disney Company and its subsidiaries regarding its ownership interest in Hulu and the related put and call provisions. The put/call provisions may now be exercised in November 2023. Comcast borrowed $5.2 billion under a term loan facility in 2019, which is fully collateralized by the minimum guaranteed proceeds of the put/call option related to its investment in Hulu.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:13 pm

SPY

White House's Lael Brainard stated that consumers and businesses are considering the cost of credit, which is creating a headwind for the economy.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 5:46 pm

SPY

US Treasury Secretary Janet Yellen stated that it is possible for longer-term yields to decrease, but there is no certainty. She emphasized the importance of fiscal sustainability and mentioned that President Biden is committed to presenting a sustainable fiscal plan.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 5:42 pm

SPY

Janet Yellen, the U.S. Treasury Secretary, has stated that the recent surge in bond yields is occurring in most advanced countries and is not an indicator of a recession. She also mentioned that part of the increase in yields is a reflection of expectations that interest rates will be higher for longer.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 5:41 pm