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SPY

Federal Reserve's Gooslbee expressed concerns about the economic outlook for 2024, highlighting crosscurrents in the economy. He noted that the current interest rate level was set over a year ago, and both inflation and the labor market are cooling faster than expected. Gooslbee suggested that the Fed should reassess its stance.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:28 pm

BA

GCAD

ITA

Moody's and S&P have expressed doubts about Boeing's ability to meet its 737 MAX production target of 38 jets per month by 2024, citing risks such as labor disruptions. Analysts predict Boeing will reach this target by the second half of 2025. Despite these concerns, no immediate credit downgrade is expected. Boeing's stock is trading nearly flat, with a slight decrease of 0.58%. Investors can gain exposure to Boeing through the Gabelli Commercial Aerospace And Defense ETF (GCAD) and iShares U.S. Aerospace & Defense ETF (ITA).

Portfolio Pulse from Lekha Gupta

August 13, 2024 | 3:30 pm

EC

Ecopetrol S.A. announced a $250 million partial redemption of its 2026 notes as part of its debt strategy, aiming to proactively manage refinancing of maturities in 2026.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:49 am

JPM

Economic concerns are driving debt investors to seek insurance against corporate bond defaults, with significant increases in the cost of insuring high-grade credits. The credit default swap index saw its highest trading volumes in months, reflecting fears of a market downturn due to weak labor market data and disappointing tech earnings. JPMorgan Chase & Co. and BNP Paribas SA recommend hedging against potential risks.

Portfolio Pulse from Bibhu Pattnaik

August 04, 2024 | 2:58 pm

SPY

Federal Reserve's Goolsbee suggests that current data indicates a 'golden path' for the economy, emphasizing the need to balance policy with economic conditions quickly. If inflation and the job market continue to cool, the Fed should consider cutting rates. Recent jobs data shows a cooling labor market.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:49 pm

SPY

Federal Reserve's Goolsbee stated that inflation is trending down and the labor market is cooling. The Fed aims for a balanced labor market and has not committed to a future rate path. Policymakers expect multiple rate cuts next year.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:10 pm

JUSHF

Jushi Holdings Inc. refinanced its $53 million loan with a new $48.5 million senior secured term loan and $7.4 million in cash, reducing its short-term debt to less than $1 million. The new loan has a 12.25% interest rate and includes five-year warrants for investors. Jushi will report its Q2 2024 financial results on August 7, 2024.

Portfolio Pulse from Nina Zdinjak

August 01, 2024 | 5:48 pm

SAVE

Spirit Airlines is in active discussions with advisors to noteholders to address upcoming debt maturities. The company expects to end 2024 with over $1.0 billion in liquidity, assuming successful closure of current liquidity initiatives.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:57 am

SPY

Fed Chair Powell stated that there is no specific guidance on the pace of rate cuts, emphasizing that decisions will depend on economic data. He noted broader disinflation and better inflation data compared to last year, but stressed the need for more data to confirm trends. Powell expressed growing confidence with positive data, mentioning that the economy is not overheating and the labor market is softening.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:53 pm

SPY

Fed Chair Jerome Powell indicated that a rate cut in September is possible if inflation trends down as expected, growth remains strong, and the labor market stays stable. However, disappointing inflation data could weigh against a rate cut. Recent inflation readings have increased confidence, but more good data is needed.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:41 pm