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TMPO

Tempo Automation Holdings (NASDAQ: TMPO) has secured a $7 million unsecured subordinated convertible promissory note from Asia-IO Advanced Manufacturing Partners. The financing will strengthen Tempo's financial position and provide capital for the acquisition of Optimum Design Associates.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 8:04 pm

CRWD

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares are trading down following comments from Fed Chair Jerome Powell suggesting further rate hikes may be needed to curb inflation. CNBC's Joe Terranova sold his position in CrowdStrike.

Portfolio Pulse from Ryan Gustafson

June 21, 2023 | 6:41 pm

META

Meta Platforms Inc's stock is trading lower by 0.60% due to rate hike comments from Fed Chair Powell. Higher interest rates may lead to reduced consumer spending, impacting businesses' advertising budgets and potentially resulting in lower ad revenue for Meta Platforms.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 6:35 pm

RBLX

Roblox Corp (NYSE:RBLX) shares are trading lower by 7.88% to $38.48 during Wednesday's session due to rate hike comments from Fed Chair Powell. Higher interest rates can impact consumer spending patterns, potentially leading to a decrease in revenue for Roblox if its user base reduces spending.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 6:32 pm

SPY

Federal Reserve Bank of Atlanta President Raphael Bostic stated that the contagion feared from earlier bank failures has not materialized. This indicates a more stable financial environment.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 6:04 pm

NFLX

Netflix shares are trading lower by 2.44% to $424.08 as stocks across sectors pull back after a recent surge on AI optimism. The decline is also attributed to Fed Chair Powell's rate hike comments, which may lead investors to seek safer investment options, affecting high-growth stocks like Netflix.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 5:36 pm

SPY

Federal Reserve Chairman Jerome Powell warns of commercial real estate losses in the office and mall sectors, which may lead to a difficult time for banks with a high concentration of those loans.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 4:56 pm

SPY

Fed Chair Jerome Powell told Congress that the Federal Reserve remains focused on its 2% inflation goal despite pausing interest rate hikes in June. Investors now place a 79% probability on a 25-basis-point rate rise in July. Powell also discussed capital requirements, the dollar, climate change, and central bank digital currency.

Portfolio Pulse from Piero Cingari

June 21, 2023 | 4:28 pm

KBE

KRE

SPY

XLF

Federal Reserve Chair Jerome Powell stated that capital changes in the next year or two will not significantly impact the economy. He also mentioned that there is no conflict between reducing inflation and setting bank capital.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:37 pm

KBE

KRE

SPY

XLF

Federal Reserve Chair Jerome Powell stated that US banks are very strongly capitalized, but the Fed's ability to address inequality in the economy is fairly limited.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:39 pm