Streetbeat News

Regulatory

ALK

HA

Shares of Hawaiian Holdings experienced a decline as market participants reacted to a blog suggesting the Department of Justice (DoJ) might block the proposed merger between Alaska Air and Hawaiian Airlines. This speculation has introduced uncertainty around the deal's completion, impacting investor sentiment towards Hawaiian Holdings.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:34 pm

SPY

UNG

USO

White House Economic Adviser Brainard stated that the Biden Administration aims to maintain gas prices within their current ranges, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:29 pm

BLK

MSCI

SPY

A House Committee investigation has revealed that Wall Street firms, including BlackRock and MSCI, have directed billions of dollars into Chinese companies that are on U.S. blacklists. The probe's findings highlight concerns over American investment flows into firms that may be involved in activities contrary to U.S. interests.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:27 pm

TLT

UTEN

Treasury yields on the 10-year note have reached 4.70%, the highest since early November 2023, amid inflation and strong economic data, challenging expectations of Federal Reserve rate cuts. Fed Chair Jerome Powell's recent comments added to market concerns, not supporting a quick return to the Fed's 2% inflation target. This situation has negatively impacted Treasury-related ETFs, with UTEN and TLT experiencing significant declines in April. Vanguard's Ales Koutny warned that yields surpassing 4.75% could lead to a severe market sell-off, potentially pushing rates to or beyond 5%. Despite this, some investors have shown optimism, as indicated by a successful 20-year Treasury auction and a shift towards net long positions in Treasuries for the first time since March.

Portfolio Pulse from Piero Cingari

April 18, 2024 | 4:26 pm

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading higher, following an exchange filing explaining how shareholders can prevent their shares from being loaned for short-interest positions. The company, behind Truth Social, updated its FAQ to address concerns about share lending for short selling, amid a 15% share price decline over the past month. Additionally, Trump Media announced the completion of its live TV streaming platform's R&D phase, planning to roll out new streaming content in three phases.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 4:24 pm

PKX

POSCO shares are trading higher due to a recent gain in steel stocks, influenced by US President Biden's call for increased tariffs on China steel.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:21 pm

SNAP

Snap shares are trading higher following recent reports of the TikTok divest-or-ban bill moving on a fast track through Congress.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:19 pm

ALRN

Aileron Therapeutics' stock price increased following an upgrade by Ladenburg Thalmann, which maintained a Buy rating and raised the price target from $9 to $19. Additionally, the company filed a U.S. Patent Application for 'Methods For Preparing Purified Polypeptide Compositions'.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:18 pm

X

The White House, through Brainard, has announced that the U.S. national security review concerning U.S. Steel will continue as planned, without any deviations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:16 pm

X

White House's Lael Brainard commented on the significance of the steel industry to national security, economic security, and supply chain considerations, highlighting its critical role in the U.S. economy.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:16 pm