Streetbeat News

Credit

VGK

The European Central Bank (ECB) has raised the interest rate on its marginal lending facility to 4.25%, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 12:17 pm

FINV

FinVolution's subsidiary AdaKami has signed a strategic cooperation with Bank OCBC NISP to drive innovation in the digital financial ecosystem and facilitate credit access in Indonesia. The partnership will expand the company's financing facility by 100 billion Rupiah.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 9:06 am

MCHI

Jim Cramer, CNBC's Mad Money host, commented on China's economy after the People's Bank of China cut the rate on one-year medium-term lending facility loans by 10 basis points to 2.65%. Cramer suggested that any stimulus plan would need help from the West and that China needs more factories to absorb its young demographic.

Portfolio Pulse from Shanthi Rexaline

June 15, 2023 | 8:58 am

MTB

M&T Bank has announced its plan to transition outstanding U.S. Dollar LIBOR-linked securities to CME Term SOFR as the replacement reference rate.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:07 pm

SPY

Jeffrey Gundlach, CEO of DoubleLine Capital, suggests that it's the perfect time to upgrade fixed income portfolios, recommending a 60% allocation to bonds.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:45 pm

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