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Regulatory

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SPY

XLF

The Federal Reserve released the minutes for its discount rate meetings held between April 8 and May 1. All Reserve Banks voted to hold the discount rate steady in April.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:02 pm

FCEL

FuelCell Energy, Inc. (NASDAQ:FCEL) shares have surged over 25% in the past five days, driven by increased tariffs on Chinese goods announced by President Joe Biden. The company is set to report its Q2 financial results on June 10, with analysts expecting a loss of 8 cents per share and revenue of $21.351 million. The stock is trending on Yahoo Finance and trading on heavy volume.

Portfolio Pulse from Erica Kollmann

May 28, 2024 | 6:02 pm

SPY

Federal Reserve's Daly discusses the impact of new technologies on labor, highlighting that they often reallocate labor and create a 'painful gap' for some workers. She also mentions the uncertainty surrounding the impact of generative AI on labor and the economy.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 5:07 pm

SE

Sea Limited (NYSE:SE) shares are trading lower after its subsidiary, Shopee, was accused of anti-competition breaches in Indonesia. The Indonesian antitrust agency, KPPU, claims Shopee directed customers to specific delivery services, reducing options. Shopee is expected to present its defense next month.

Portfolio Pulse from Dylan Berman

May 28, 2024 | 4:48 pm

BTCUSD

ETHUSD

GBTC

A survey funded by Grayscale reveals that one-third of U.S. voters will consider a political candidate's stance on cryptocurrencies in the 2024 elections. The survey highlights the growing importance of crypto in political campaigns and investment portfolios, with significant awareness and investment in Bitcoin and Ethereum. The introduction of Ether ETFs and the desire for more regulation are also noted.

Portfolio Pulse from Murtuza Merchant

May 28, 2024 | 4:44 pm

PDD

PDD shares are trading lower due to concerns over election risks and US-China uncertainty.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 4:15 pm

NVO

Novo Nordisk (NYSE:NVO) is under scrutiny for the high prices of its diabetes and obesity drugs, Ozempic and Wegovy. The company retains about 60% of the list price after rebates and fees. Senator Bernie Sanders is urging price reductions, highlighting the disparity between production costs and market prices. Novo Nordisk defends its pricing, citing significant investment in drug development. The potential market for GLP-1 drugs could reach $150 billion by the early 2030s.

Portfolio Pulse from Vandana Singh

May 28, 2024 | 3:59 pm

BTCUSD

ETHUSD

SOLUSD

Bernstein's research report forecasts a significant growth in the market for Bitcoin and Ethereum ETFs, potentially reaching $450 billion. Bitcoin is expected to peak at $150,000 by 2025, driven by institutional adoption and regulatory advancements. The SEC's approval of spot Ether ETFs and classification of Ether as a commodity are key developments.

Portfolio Pulse from Murtuza Merchant

May 28, 2024 | 3:48 pm

NIVF

NewGenIvf Group shares are trading higher after the company announced it received two letters from the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 3:44 pm

PBR

Petrobras' stock rose following the appointment of Magda Chambriard as the new CEO. Chambriard emphasized the importance of exploring Brazil's Equatorial Margin for oil reserves, despite environmental challenges. Petrobras' recent Q1 FY24 sales and earnings missed expectations.

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 3:23 pm