Streetbeat News

Regulatory

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Greg McBride, CFA, predicts that interest rates, which rose quickly, will decrease gradually. He advises savers to seek high-return opportunities and borrowers to reduce high-cost debt. The real estate market is expected to remain a seller's market with high prices and limited inventory, positively impacting real estate ETFs. Mortgage ETFs may see mixed effects due to rising home prices. Legislative acts like the CHIPS and Infrastructure Acts suggest building a diversified portfolio, with large ETFs providing a stable investment strategy.

Portfolio Pulse from Surbhi Jain

March 26, 2024 | 3:01 pm

FDX

FXI

China's Commerce Minister met with the CEO of FedEx in Beijing, signaling potential discussions on trade and logistics between China and the multinational courier delivery services company.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:57 pm

SPY

The Texas Services Sector Outlook for March has worsened to -5.5 from -3.9 in the previous month, indicating a decline in the sector's performance.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:30 pm

SPY

Baltimore Mayor Brandon M. Scott has declared a local state of emergency due to the collapse of a key bridge, mobilizing resources to address the crisis and ensure community safety.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:17 pm

United States Steel Corporation (NYSE:X) has received authorization for its Consent Decree from the U.S. EPA and DOJ, addressing incidents at its Clairton Plant. The Decree includes $4.5 million for public health and air quality projects, $19.5 million in facility upgrades, litigation cost coverage, a $500,000 payment to the Allegheny County Clean Air Fund, and the permanent idling of Battery #15 without job reductions. This follows a $17.5 million investment in process improvements post the 2018 accident.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:14 pm

BLK

In BlackRock Inc. (NYSE:BLK) CEO Larry Fink's annual letter, he highlights the urgent need to address the global retirement crisis, emphasizing the disparity between life expectancy and financial stability in retirement. Fink criticizes the U.S. retirement system's approach, suggesting reforms and learning from international models like the Netherlands. He also points out barriers to retirement investing in the U.S. and calls for efforts to restore hope and trust in future generations by investing in their long-term goals.

Portfolio Pulse from Piero Cingari

March 26, 2024 | 2:03 pm

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A recent report highlights the potential for Canadian cannabis companies' valuations to soar by up to 300% with proposed excise tax reforms. The Canadian government is considering revising the 2018 excise tax framework, which currently imposes a 30-40% tax rate on companies' domestic gross revenues, significantly higher than the intended 10%. Analyst Pablo Zuanic's report suggests that reducing the tax rate to 10% could alleviate financial strains on companies like Ayurcann, Decibel, and Village Farms, potentially doubling or even tripling their valuations. The report will be further discussed at the Benzinga Cannabis Capital Conference.

Portfolio Pulse from Nicolás Jose Rodriguez

March 26, 2024 | 1:36 pm

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U.S. Representative Earl Blumenauer has raised concerns about the FDA's oversight of Elon Musk's Neuralink, following a report revealing issues at the company's facilities. Despite these concerns, Neuralink has made significant progress in brain-chip technology, moving from animal testing to human trials. The FDA has responded to the inquiries, stating its commitment to ensuring the safety of human trials. Neuralink's technology, demonstrated through a live stream, shows a paralyzed patient playing chess, highlighting its potential to improve lives.

Portfolio Pulse from Vandana Singh

March 26, 2024 | 1:30 pm

VALE

Vale (NYSE:VALE) has partnered with the Department of Energy (DOE) to develop a new iron ore briquette plant in the U.S., with potential DOE financing of up to $282.9 million. This move aligns with the Biden administration's focus on reducing carbon emissions and promoting clean energy, with substantial funds allocated towards environmental programs. Iron ore briquettes, which can reduce emissions by up to 10% compared to traditional steelmaking, represent a significant step towards sustainable steel production. Vale's initiative, starting with a plant in Brazil and plans for expansion, aims to meet the demand for eco-friendly steel production methods and contribute to the decarbonization of the steel industry.

Portfolio Pulse from Stjepan Kalinic

March 26, 2024 | 1:29 pm

SPY

TSLA

The article covers a wide range of topics from the crypto market's recovery, with Bitcoin touching $70K and Ethereum and Dogecoin also bouncing upward, to various US and world political and economic news. It mentions Tesla's rollout of a free Full Self-Driving trial in the US, the London Stock Exchange's significant bet on Bitcoin and Ether, and predictions of stock market rallies by Goldman Sachs and Bank of America. Additionally, it touches on tech news including antitrust lawsuits against major companies, AI developments, and electric vehicle updates, including debates on Tesla's EVs versus hybrids.

Portfolio Pulse from Akanksha Bakshi

March 26, 2024 | 1:23 pm