Streetbeat News

Regulatory

SPY

Fed Chair Powell emphasized that executives of failed banks should not profit from their failures, advocating for claw backs. He also acknowledged the reality of climate change, highlighting its long-term risks.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:23 pm

FXI

SPY

US House Republican lawmaker Gallagher urges American investors in ByteDance to push the Chinese government to permit the sale of TikTok, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:23 pm

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Canada is increasing scrutiny on Chinese investments in its mining sector, with concerns over national security and resource access. Recent deals under review include Yintai Gold's attempt to buy Osino Resources and Zijin Mining Group's plan to acquire a stake in Solaris Resources. SRG Mining scrapped a deal with China's Carbon ONE due to regulatory attention. This heightened scrutiny could impact small mining firms' ability to raise capital. The Macdonald-Laurier Institute warns of security risks without oversight on foreign investments, especially in the Arctic, where Chinese firms have acquired stakes in companies like Vital Metals.

Portfolio Pulse from Stjepan Kalinic

March 06, 2024 | 4:13 pm

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

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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

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