Streetbeat News

Regulatory

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The U.S. has initiated a trade investigation into solar imports from Asia, which could impact several companies in the solar industry. This investigation may lead to tariffs or other trade restrictions, affecting the supply chain and costs for solar companies.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:50 pm

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Shares of semiconductor and chip stocks are trading higher amid tech strength following April CPI. Biden also recently hiked tariffs on Chinese chips.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:45 pm

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Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, reiterated his view that Bitcoin has little practical use and is neither an investment vehicle nor a currency. This statement was made during a fireside chat at the Williston Basin Conference.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:37 pm

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Fed's Kashkari emphasized the Federal Reserve's commitment to achieving its 2% inflation goal. He noted that higher U.S. government debt might necessitate higher borrowing costs in the near term to reach this target.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:30 pm

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Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, stated that the Fed's balance sheet runoff is proceeding smoothly. This indicates a controlled reduction in the Fed's asset holdings, which could impact market liquidity and interest rates.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:29 pm

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Federal Reserve's Neel Kashkari stated that the key question is how restrictive the current monetary policy is. He suggested that the Fed might need to maintain the current stance for a while longer to assess the direction of inflation.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:22 pm

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Federal Reserve's Neel Kashkari emphasized his focus on the housing market during a fireside chat at the Williston Basin Conference. This focus could signal potential policy actions that may impact the broader market.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:19 pm

SPY

Federal Reserve's Neel Kashkari emphasized the Fed's focus on underlying demand in the economy to reduce inflation. He noted that Americans have been spending more than expected.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:18 pm

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House Republicans have proposed legislation to increase tariffs on Chinese-made drones by 30%, according to a statement.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:15 pm

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Novo Nordisk confirms no anticipated shortage of its weight-loss drug Wegovy in Denmark despite high demand, countering earlier warnings from the Danish Medicines Agency. The company also notes that all doses are available in Denmark. Additionally, online pharmacies and slimming clinics in Britain are reducing prices for Wegovy and Eli Lilly's Mounjaro as initial supply shortages ease.

Portfolio Pulse from Vandana Singh

May 15, 2024 | 3:59 pm