Streetbeat News

Regulatory

FTEC

IXN

MSFT

Microsoft Corp (NASDAQ:MSFT) is facing increased scrutiny from U.S. Senators, including Marco Rubio and Mark Warner, over Bing's censorship practices in China, as revealed by a Bloomberg Businessweek investigation. The criticism centers on Bing's compliance with Chinese government censorship demands, filtering content related to human rights, democracy, and more. Human Rights Watch has called for Microsoft to disclose its content removal practices. Additionally, Microsoft executives have been involved in discussions about AI and trade with China, amidst warnings from U.S. lawmakers about technological collaborations. Microsoft stock has seen a 55% increase over the last 12 months, with exposure available through IShares Global Tech ETF (NYSE:IXN) and Fidelity MSCI Information Technology Index ETF (NYSE:FTEC).

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 11:12 am

TELA

TELA Bio announced the U.S. commercial launch of LIQUIFIX, the only FDA-approved liquid adhesive for internal use in hernia surgery. This product is expected to revolutionize the way hernia surgeries are performed by providing a new, innovative solution for surgeons.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:12 am

GLD

SPY

USO

UUP

Global markets saw gains with the S&P 500, Dow Jones, and Nasdaq all closing higher after the Federal Reserve announced it would keep borrowing costs stable and hinted at possible rate cuts. Gold surged to a record high, crossing $2,200. Asian and European markets also experienced gains, with notable increases in Japan's Nikkei 225 and Australia's S&P/ASX 200. U.S. crude oil stocks fell unexpectedly, and the U.S. Dollar Index dropped.

Portfolio Pulse from Akanksha Bakshi

March 21, 2024 | 10:54 am

LEG

WEN

Wall Street's most accurate analysts have provided their views on three consumer discretionary stocks with high dividend yields: Leggett & Platt, Ford Motor Company, and The Wendy's Company. These stocks offer dividend yields ranging from 4.65% to 9.75%. The analysis includes recent ratings, price target adjustments, and significant news impacting each company, such as financial results and regulatory probes.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 10:52 am

AAPL

TCEHY

Epic Games, owned by Tencent (OTC:TCEHY), announced its expansion to iOS and Android platforms, aiming to offer equitable terms for all developers and a multi-platform experience. This move challenges the dominant app stores and follows a significant victory in Europe where Apple (NASDAQ:AAPL) reversed its ban on Epic Games, aligning with the Digital Markets Act.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 9:50 am

USDT

The 'overnight effect' observed in traditional stock markets, where significant price movements occur outside regular trading hours, is being scrutinized for its relevance in the cryptocurrency market. Unlike the stock market, the crypto market operates 24/7, making it susceptible to news-driven fluctuations at any time. Studies, including one from the Federal Reserve Bank of New York, suggest that crypto might still be influenced by traditional market movements, particularly during the opening hours of other global markets. Factors such as global interdependence, investor sentiment, and the role of Tether (USDT) in the crypto market are crucial in understanding this dynamic. However, crypto's inherent features like decentralization, a continuous news cycle, and high volatility could mitigate the 'overnight effect'.

Portfolio Pulse from Murtuza Merchant

March 21, 2024 | 9:39 am

EWU

The S&P Global/CIPS U.K. Composite Purchasing Managers' Index (PMI) for the preliminary report came in at 52.9, slightly below the estimated 53.1 and the previous 53.0. This indicates a marginal slowdown in the U.K.'s economic activity.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 9:33 am

EWG

NVO

Germany's Health Ministry has confirmed that no large volumes of Novo Nordisk's diabetes drug Ozempic are being exported out of the country, according to Reuters.

Portfolio Pulse from Charles Gross

March 21, 2024 | 9:21 am

ACN

FDX

GIS

NKE

SIG

Following the Federal Reserve's decision to keep interest rates unchanged, U.S. stocks closed higher, with the Dow Jones jumping 400 points. The CNN Money Fear and Greed index indicated improved market sentiment, remaining in the 'Greed' zone. Signet Jewelers reported disappointing Q4 sales and weak FY25 guidance, causing a 12% drop in its shares. General Mills posted better-than-expected Q4 results. Crude oil inventories fell, contrary to expectations. Sectors like communication services, consumer discretionary, and financials led gains in the S&P 500, while healthcare and energy lagged. Investors are looking forward to earnings from Accenture, FedEx, and NIKE.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 8:09 am

Baader Bank AG has selected Broadridge Financial Solutions, Inc. (NYSE:BR) for its regulatory trade and transaction reporting needs. This decision strengthens the existing strategic relationship between Baader Bank and Broadridge, as the bank already utilizes Broadridge's suite of solutions for order management, trading, and market connectivity.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 7:02 am