Streetbeat News

Regulatory

SMX

Security Matters has announced that it has received a decision to grant a European patent (EP3516380) for its X-ray fluorescence system and method for detecting materials carried by a sample. This development could enhance the company's intellectual property portfolio and potentially open up new market opportunities in Europe.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:58 pm

ABEV

AZUL

BBD

BRF

GGB

ITUB

US-listed Brazilian stocks are trading lower due to Brazil's Central Bank decision, affecting companies like ABEV, AZUL, BBD, BRF, GGB, and ITUB.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:44 pm

BA

The SEC is investigating Boeing's safety claims following a panel's dismissal of concerns regarding one of its planes, as reported by Bloomberg. This probe highlights regulatory scrutiny on Boeing's practices and raises questions about the transparency and reliability of its safety assertions.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:44 pm

COIN

ETHUSD

Joseph Lubin, co-founder of Ethereum and CEO of Consensys, criticized the SEC for stifling innovation in the U.S. financial sector by reclassifying Ethereum as a security and initiating enforcement actions. This comes as Consensys received a Wells notice from the SEC, leading to legal action against the regulator. Lubin suggests these actions aim to justify the likely denial of Ether spot ETFs and could drive crypto businesses overseas, impacting the broader technology landscape and questioning the SEC's stance on digital assets.

Portfolio Pulse from Murtuza Merchant

May 09, 2024 | 6:51 pm

SPY

Fed's Daly mentioned that a fundamental falter in the labor market would necessitate policy action, according to Reuters. This statement implies a readiness to adjust monetary policies in response to significant changes in employment levels.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:46 pm

PCG

Regulators have rejected Pacific Gas & Electric's proposal to sell a stake in its power unit. This decision could impact the company's financial and strategic plans.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:46 pm

SPY

Fed's Daly commented on the labor market cooling, indicating it as an expected and positive development. This perspective aligns with the Federal Reserve's efforts to manage economic growth and inflation.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:44 pm

SPY

Fed's Daly commented on the labor market, distinguishing between it being 'softer' versus 'getting weak.' A softening labor market is seen as a return to normal growth, while a weakening market could prompt a change in policy rate.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:44 pm

SPY

Fed's Daly emphasized that the Federal Reserve cannot incorporate politics or political changes into its policy discussions, stating that their job is already challenging without these considerations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:41 pm

SPY

Fed's Daly emphasized that the Federal Reserve's inflation target remains at 2% and reassured that the goalpost will not be moved during the process of achieving this target, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:39 pm