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Regulatory

SPY

Fed Chair Powell emphasized the Federal Reserve's strong focus on Artificial Intelligence (AI), acknowledging the challenges it presents.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:10 pm

KBE

KRE

SPY

XLF

Fed Chair Powell announced that Fed supervisors are actively working with small and medium-sized banks to assess and manage their exposure risks. This move is aimed at ensuring the stability and health of the banking sector.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:06 pm

SPY

Fed Chair Powell stated that the risk associated with Commercial Real Estate (CRE) is manageable but will present challenges that need to be addressed over several years.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:05 pm

ALK

BA

National Transportation Safety Board Chair Homendy emphasized the need for more cooperation from Boeing in the investigation of an Alaska Airlines Max 9 incident during a Senate hearing. This call for increased collaboration highlights ongoing safety and regulatory scrutiny for Boeing and its aircraft.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:59 pm

SPY

Fed Chair Powell stated that the U.S. is experiencing continued solid growth with no evidence or reason to believe the economy is at risk of entering a recession in the short term. He emphasized that the possibility of a recession is not elevated at the moment.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:50 pm

SPY

Fed Chair Powell discussed the need to evaluate the implications of Basel 3 regulations on other financial rules, suggesting that the pandemic might have permanently altered the approach to targeting inflation. This indicates a potential shift in regulatory and monetary policy that could affect financial markets.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:40 pm

PHIO

Phio Pharmaceuticals Corp. (NASDAQ:PHIO) announced the USPTO granted a patent for two INTASYL Compounds, RXI-185 and RXI-231, targeting aging skin and skin disorders. This strengthens Phio's intellectual property, with the portfolio now including 81 issued patents, 77 of which cover the INTASYL siRNA gene silencing technology. The compounds aim to treat conditions like photo-aging and dermal hyperpigmentation by silencing specific proteins, potentially improving skin conditions.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:31 pm

SPY

Fed Chair Powell announced expectations for broad material changes to the Basel 3 proposal, emphasizing the importance of accuracy over speed due to its significant implications for the economy. The focus is on ensuring the rules are correctly established.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:28 pm

SPY

Fed Chair Powell emphasized the strength of the economy and labor market, suggesting a careful and thoughtful approach to future economic policies. This statement indicates a potential for continued interest rate adjustments to manage economic growth and inflation.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:25 pm

SPY

Fed Chair Powell emphasized that future rate cuts will be contingent on the economic trajectory, highlighting the importance of incoming data for determining when rate cuts will commence. Powell expressed a desire for greater confidence in inflation trends, indicating a cautious approach to monetary policy adjustments.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:25 pm