Streetbeat News

Regulatory

SPY

Fed's Daly comments on inflation, describing it as a 'bumpy ride' and highlights 'considerable uncertainty' about future inflation trends based on the last three months' data.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:10 pm

PM

The FDA has initiated a scientific review process for the MRTP renewal applications submitted by Philip Morris Products S.A. for their IQOS 2.4 and 3.0 system holder and charger, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:09 pm

SPY

The U.S. House Committee is scheduled to hold a hearing on May 15 to discuss the federal response to the recent bridge collapse in Maryland. This event could potentially highlight infrastructure weaknesses and the need for increased federal funding or regulatory changes.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:50 pm

FXI

KBA

KWEB

MCHI

SPY

China's stock market has rebounded impressively after a sharp decline in January 2024, with key ETFs like KWEB, KBA, MCHI, and FXI outperforming major U.S. equity ETFs such as SPY. KraneShares CIO Brendan Ahern cites government support, changing global investor sentiments, policy reforms, economic recovery, and attractive valuations as drivers for this resurgence, suggesting a promising outlook for Chinese equities.

Portfolio Pulse from Surbhi Jain

May 09, 2024 | 4:50 pm

BGLC

BioNexus Gene Lab (BGLC) received a notice from Nasdaq granting an additional 180-day extension, until November 4, to regain compliance, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:43 pm

EIS

ISRA

SPY

USO

John Kirby, NSC Coordinator for Strategic Communication, stated the U.S. believes there are more effective methods than a major ground operation to target the remnants of Hamas in Gaza, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:20 pm

EIS

ISRA

SPY

USO

Negotiations for a hostage deal between Israel and Hamas have been paused due to ongoing fighting in Rafah. Despite the pause, Hamas remains open to negotiations, but has stepped back due to Israel's military operations. U.S. personnel in Doha continue to monitor the situation and maintain contact with all parties involved.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:06 pm

EIS

ISRA

SPY

USO

Israeli official announced that Israel will continue its operation in Rafah and other areas in the Gaza Strip as initially planned, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:02 pm

YTEN

Yield10 Bioscience shares surged after the company announced that its Registration Statement has not been declared effective by the SEC, confirming that no securities have been sold.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:54 pm

X

The White House has announced President Biden's commitment to ensuring that U.S. Steel remains under American ownership. This statement underscores the administration's focus on national security and economic stability by keeping critical industries domestically owned.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:53 pm