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SPY

Fed's Kashkari, in December, anticipated two rate cuts in 2024 but now finds it hard to expect more cuts, stating future decisions will rely on inflation data.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:27 pm

SPY

Fed's Kashkari has indicated that the base case scenario involves no further rate hikes. However, if inflation appears more entrenched than anticipated, the Fed's initial response would be to maintain current rates for an extended period. A resurgence in inflation could potentially justify a rate hike.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:26 pm

SPY

The US House of Representatives has passed a government funding bill, which is now being sent to the Senate for approval. This development is crucial for avoiding a government shutdown and ensuring continued funding for federal operations.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:24 pm

ZLAB

Zai Lab Limited (NASDAQ:ZLAB) announced it will present final overall survival data from the Phase 3 NORA study of ZEJULA in platinum-sensitive recurrent ovarian cancer at the 2024 ESGO and SGO conferences. The study showed a favorable overall survival trend for ZEJULA compared to placebo, regardless of BRCA-gene mutation status, with no new safety signals identified. ZEJULA is the only PARP inhibitor approved as maintenance monotherapy for ovarian cancer in various settings in China.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:12 pm

AAPL

Apple Inc (NASDAQ:AAPL) has terminated Epic Games Inc's developer account, blocking Epic Games Store and Fortnite on iOS in Europe, citing a violation of the Digital Markets Act. Epic Games criticizes Apple for undermining competition and hints at reintroducing Fortnite via a third-party app store in the EU. This escalates the legal battle initiated in 2020 over Apple's app store fees and in-app payment commissions.

Portfolio Pulse from Franca Quarneti

March 06, 2024 | 8:43 pm

NTRS

Northern Trust's indirect subsidiary, NTFS, was convicted by a French court on March 5, 2024, and fined €187,500. Additionally, NTFS and others convicted of complicity must jointly cover the unpaid estate taxes, penalties, and interest. This was disclosed in an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:35 pm

PFE

The FDA has approved Inotuzumab Ozogamicin for the treatment of pediatric patients with Acute Lymphoblastic Leukemia, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:21 pm

BA

SPR

Boeing has provided a complete list of its 737 Max door team members following concerns raised by the NTSB Chair during a Senate hearing on Wednesday, according to Reuters citing sources.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:56 pm

BTCUSD

ETHUSD

Bitcoin (BTC) soared past $69,000 before experiencing an 11% drop, yet remained above $65,000, indicating strong investor interest. Ethereum (ETH) also saw a surge but didn't reach a new high. Experts predict a positive outlook for Bitcoin, citing the upcoming halving event, increasing institutional and retail interest, and the approval of spot Bitcoin ETFs as key drivers. They recommend strategies like focusing on the long term, dollar-cost averaging, thorough research, diversification, and seeking professional guidance for investors.

Portfolio Pulse from Murtuza Merchant

March 06, 2024 | 7:27 pm

CRWD

GLD

IWM

JWN

NVDA

NYCB

PLTR

Markets rallied following Fed Chair Jerome Powell's reassurances about easing monetary policy in 2024 if inflation targets are met. The Nasdaq 100 led gains among major indices. The iShares Russell 2000 ETF, Nvidia, and the SPDR Gold Trust were among the notable performers. Other assets like Bitcoin also saw increases. Several companies reacted to earnings reports, with CrowdStrike and Palantir Technologies seeing significant gains, while New York Community Bancorp and Nordstrom faced steep declines.

Portfolio Pulse from Piero Cingari

March 06, 2024 | 7:24 pm