Streetbeat News

Regulatory

SPY

Federal Reserve's Barkin stated that he believes inflation is decreasing but will take more time to reach desired levels.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:11 pm

SPY

Fed's Barkin suggests that demand needs to decrease for inflation to return to target levels. He notes that the labor market is normalizing, with jobless claims still low by historic standards but potentially increasing.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:10 pm

SPY

Richmond Fed's Barkin comments on companies' pricing strategies, noting that services still feel they can raise prices. Retail sales numbers indicate 'good but not great' consumer spending, and CPI is still not at the Fed's target.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:08 pm

CVX

SPY

The U.S. government is expected to favor long-standing investors over newcomers for oil licenses in Venezuela, according to sources. This decision could benefit established companies with existing investments in the region.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:01 pm

EIS

ISRA

SPY

USO

The leader of Yemen's Houthis has declared that any ship heading to Israeli ports will be targeted, extending their operations beyond the Red Sea region.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:55 pm

IONM

Assure Holdings Corp. (NASDAQ:IONM) has received an extension from Nasdaq to regain compliance with the continued listing requirements for the Nasdaq Capital Market. The company has until July 22, 2024, to meet all applicable initial listing requirements, particularly in relation to its transaction with Danam Health Inc.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:46 pm

META

Elon Musk reacted humorously to a post about Meta Platforms Inc. (NASDAQ:META) facing numerous child safety investigations. Meta is currently under a fresh EU investigation and was recently fined $37.2 million by Turkey's competition board over data-sharing practices. The company has been criticized for prioritizing growth over child safety.

Portfolio Pulse from Rounak Jain

May 16, 2024 | 1:44 pm

ANSS

SNPS

Synopsys received a notice from the Chinese regulator stating that its acquisition of Ansys is below the Chinese merger notification thresholds but still requires notification. The transaction is expected to close in the first half of 2025, pending shareholder and regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:40 pm

AAUKF

BHP

BHP shareholders are anticipating a final bid for Anglo American as the regulatory deadline approaches. Anglo American has rejected two previous offers and is focusing on restructuring. Analysts expect BHP to enhance its offer by 5% before the May 22 deadline.

Portfolio Pulse from Stjepan Kalinic

May 16, 2024 | 1:32 pm

WLDS

Wearable Devices shares are trading higher after the company announced that the China National Intellectual Property Administration granted its patent application for a gesture-controlled interface for wearable devices.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:27 pm