Streetbeat News

Regulatory

SPY

Fed's Goolsbee highlights a potential trade-off between inflation and unemployment, emphasizing the importance of maintaining a 2% inflation target. This comes amid a strong post-COVID job market recovery, although some industries and regions are still struggling.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:52 pm

TSLA

TSLL

TSLS

Tesla is seeking final approval from the Chinese government to deploy Full Self-Driving (FSD) cars in China. The rollout will start with employee vehicles and, if successful, expand to customers. This move could boost Tesla's sales and pressure other EV startups. Tesla's FSD software will be available for a one-time purchase or a monthly subscription. The company aims to collect more data to develop true FSD and eventually launch a global robotaxi service. Direxion offers ETFs for both bullish and bearish investors on Tesla.

Portfolio Pulse from Johnny Rice

May 30, 2024 | 5:51 pm

BA

UAL

The FAA has granted United Airlines permission to take new aircraft deliveries. This announcement was made by FAA Administrator Mike Whitaker during a press conference.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:47 pm

CPRX

Catalyst Pharmaceuticals has received FDA approval to increase the maximum daily dose of FIRDAPSE for the treatment of Lambert-Eaton Myasthenic Syndrome (LEMS) from 80 mg to 100 mg.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:42 pm

SPY

Federal Reserve's Goolsbee highlights the potential trade-off between inflation and unemployment, while expecting further improvements in supply chains.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:41 pm

SMMT

Summit Therapeutics shares have been halted pending news. Investors are awaiting further information that could significantly impact the stock price.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:40 pm

SMMT

Trading for SMMT was halted at 1:38:50 p.m. ET due to pending news. Investors should stay alert for further updates.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:38 pm

BA

FAA Administrator Mike Whitaker announced that the production of Boeing 737 Max will remain limited until the FAA is satisfied with the aircraft's safety. This decision could impact Boeing's production schedule and financial performance.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:36 pm

BA

The FAA Administrator held a news conference after meeting with Boeing's CEO. The discussion likely focused on regulatory and safety issues concerning Boeing's aircraft.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:34 pm

HRB

INTU

The IRS is launching a free online tax filing program available to all states, which could impact companies like H&R Block and Intuit that offer paid tax filing services.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:31 pm