Streetbeat News

Regulatory

ICUI

Smiths Medical has issued a correction for its ParaPAC Plus P300 and P310 ventilators due to an issue with the tidal volume knob, as reported by the FDA. The recall involves correcting the devices without removing them from use or sale.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:24 pm

SPY

Federal Reserve Chair Jerome Powell announced that a framework review will begin later this year, focusing on key questions regarding monetary policy. This review could impact market expectations and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:21 pm

SPY

Federal Reserve Chair Jerome Powell noted that housing services inflation is starting to flatten, albeit slowly. He mentioned that low inflation in new leases will eventually reflect in headline inflation.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:20 pm

RVP

Retractable Technologies has filed a complaint in the U.S. Court of International Trade to challenge a 100% tariff on syringes and needles imported from China. The company is seeking injunctions and a reversal of the tariff.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:17 pm

BA

ITA

LMT

NOC

USO

Oil prices remain stable despite geopolitical tensions following the death of Hezbollah leader Hassan Nasrallah. Israel considers a ground incursion into Lebanon, while oil supply remains unaffected. Defense stocks show mixed performance amid rising tensions.

Portfolio Pulse from Anthony Noto

September 30, 2024 | 6:15 pm

SPY

Fed Chair Powell indicated that the current job creation rate may not sustain the unemployment rate due to rising supply. The Fed is not rushing to cut rates and will be guided by upcoming data, including two employment reports and an inflation report before the November meeting.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:12 pm

SPY

Federal Reserve Chair Jerome Powell stated that revisions in Gross Domestic Income (GDI) and personal income have removed potential downside risks that the Fed was considering. This could influence the Fed's monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:07 pm

SPY

Federal Reserve Chair Jerome Powell announced that the Fed is encouraging bankers to assist customers affected by the hurricane. The Fed is also ensuring that there is sufficient cash available for transactions in areas where power is out.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:04 pm

SPY

Federal Reserve Chair Jerome Powell stated that significant progress has been made towards stabilizing prices without causing a significant increase in unemployment. He mentioned that the risks of achieving employment and inflation goals are balanced.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:57 pm

SPY

Fed Chair Powell expressed confidence that inflation is on a sustainable path to 2%, with disinflation being broad-based. A 50 basis points rate cut reflects confidence in maintaining labor market strength and achieving inflation goals.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:57 pm