Streetbeat News

Credit

SPY

Doubleline Capital's Gundlach warns that further Fed tightening could put regional banks at risk, and the stock market is showing signs of mania, similar to the lead-up to January 2022. He believes it's a stretch to call this a bull market.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:44 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed will consider credit conditions and individual banks' situations when determining interest rate adjustments, taking macroeconomic implications into account.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:20 pm

SPY

Federal Reserve Chairman Jerome Powell stated that housing may not be the primary driver of interest rates, but it plays a part. He also emphasized that the Fed's role is not to judge fiscal policy and will not finance U.S. debt.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:07 pm

SPY

Federal Reserve Chairman Jerome Powell stated that it is too early to determine the full extent of banking turmoil-related credit tightening. He added that if there is a significant effect from credit tightening, it will be factored into future rate decisions. Powell also mentioned that there is not much progress on core PCE.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 6:59 pm

SPY

Fed Chair Powell stated that most policymakers believe it is reasonable to adjust the pace of monetary policy tightening slower, as the full extent of banking turmoil consequences is unknown.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 6:48 pm

SPY

The Federal Reserve has decided to maintain the target range for the federal funds rate at 5 to 5-1/4 percent, citing modest economic expansion, robust job gains, and elevated inflation. The Committee remains highly attentive to inflation risks and is committed to returning inflation to its 2 percent objective.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 6:00 pm

VYGVQ

Bankrupt crypto broker Voyager Digital (OTC:VYGVQ) will initiate the return of funds to creditors next week, according to liquidation procedures filed with the U.S. Bankruptcy Court. The Voyager app will be updated on June 15, allowing creditors to access and view initial distribution amounts. The app will reopen between June 20, 2023, and July 5, 2023, for a 30-day period to facilitate cryptocurrency withdrawals.

Portfolio Pulse from Murtuza Merchant

June 14, 2023 | 4:57 pm

RBT

Rubicon Technologies has completed the highest priority components of its 'Bridge to Profitability' plan, including securing a new term loan, recapitalizing debt, attracting additional equity investment, and reducing material costs across the organization. The company remains confident in achieving positive adjusted EBITDA for Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 12:55 pm

SGBX

Safe & Green Holdings Corp. (NASDAQ:SGBX) has secured a commitment for a bridge loan of up to $2 million from a European entity for its subsidiary, Safe and Green Development Corporation (SG DevCo). The company has already secured $1 million, and the loan will bear a 14% interest rate per annum.

Portfolio Pulse from Happy Mohamed

June 14, 2023 | 12:33 pm

QQQ

SPY

Citadel founder Ken Griffin is increasing his focus on credit trading, particularly in the high-yield credit market, as he anticipates a potential recession in 2024. He expects the Federal Reserve to hike interest rates once more this year and then pause. Griffin is also optimistic about China's economic growth, expecting it to surpass government targets.

Portfolio Pulse from Bhavik Nair

June 14, 2023 | 7:50 am