Streetbeat News

Regulatory

NKGN

NKGen Biotech has announced that its Safety Review Committee has cleared the company's SNK01 to progress into Phase 2 development for Alzheimer's disease.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 12:07 pm

GLD

Gold prices are rising due to Middle East uncertainty following the death of Iranian President Raisi, US Fed policy outlook, and recent buying from China.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:58 am

SPY

Federal Reserve Bank of Atlanta President Raphael Bostic stated that the new steady state for interest rates is likely to be higher than what people have been accustomed to over the past decade.

Portfolio Pulse from Charles Gross

May 20, 2024 | 11:51 am

FBTC

GBTC

IBIT

Spot Bitcoin ETFs saw a net inflow of $948 million last week, marking a positive trend compared to the past eight weeks. Despite this, Bitcoin remains in a correction phase. The SEC is expected to make a decision on Ethereum spot ETF applications this week, which could significantly impact Ethereum's mainstream adoption. Notable inflows were seen in Grayscale Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, and iShares Bitcoin Trust.

Portfolio Pulse from Murtuza Merchant

May 20, 2024 | 11:50 am

SPY

Atlanta Federal Reserve President Raphael Bostic stated that pricing power is weakening and he expects inflation to continue falling this year and into 2025.

Portfolio Pulse from Charles Gross

May 20, 2024 | 11:46 am

SPY

Atlanta Fed's Bostic stated that inflation data for the first part of the year has been very volatile, and it will take some time before there is certainty that inflation is returning to 2%.

Portfolio Pulse from Charles Gross

May 20, 2024 | 11:45 am

SPY

Federal Reserve's Raphael Bostic stated that the new steady state for interest rates is likely to be higher than what people have been accustomed to over the past decade.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:44 am

SPY

Federal Reserve's Raphael Bostic stated that it will take some time before inflation returns to the 2% target. He also mentioned that business leaders are reporting a slow down in economic activity, but at a very gradual pace.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:44 am

PTCT

PTC Therapeutics has paused its 2024 revenue guidance due to uncertainties in forecasting the impact of the continued authorization of Translarna in Europe. The company will update its guidance at a future date.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:07 am

TSLA

The NHTSA has closed its year-long investigation into Tesla's Model X seat belt issues after the company issued a recall for nearly 16,000 vehicles. The probe was initiated due to complaints about front seat belts detaching while driving. Tesla's recall included inspections and potential replacements of seat belt components. The NHTSA reserves the right to take future action if necessary.

Portfolio Pulse from Anan Ashraf

May 20, 2024 | 11:04 am