Streetbeat News

Regulatory

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

NYCB

NYCB is conducting an equity capital raise transaction, issuing shares of common stock and convertible preferred stock at $2.00 per share, aiming to raise $1.05 billion. Investors will also receive 60% warrant coverage at $2.50 per share. The preferred stock, convertible into common stock, comes with quarterly dividends and specific conversion conditions, including regulatory approvals and charter amendments. Liberty has rights for an underwritten shelf take-down and block trades.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:15 pm

NVO

The FDA has announced updates on drug shortages, indicating that Wegovy injections at dosages of .25 mg/.5 ml and .5 mg/.5 ml are experiencing limited availability. The estimated duration of the shortage is yet to be determined.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:08 pm

SPY

The Fed's Beige Book reported stable to declining loan demand and generally healthy credit quality, despite some rising delinquencies. Businesses struggled to pass higher costs to customers, who showed increased price sensitivity. Shipping disruptions in the Red Sea and Panama Canal had minimal impact on businesses during the reporting period.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:05 pm

SPY

The Fed's Beige Book reported employment growth at a slight to modest pace across most districts, with a generally positive outlook for future economic growth. Expectations for stronger demand and less restrictive financial conditions were noted for the next 6 to 12 months. While price pressures persisted, some districts observed a moderation in inflation.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:03 pm

SPY

The Federal Reserve's Beige Book reported a slight increase in economic activity since early January. Eight districts observed slight to modest growth, three reported no change, and one experienced a slight softening.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:02 pm

PBM

Psyence Biomedical's stock is trading higher following the announcement that its subsidiary, Psyence Australia, has received approval from the Human Research Ethics Committee to begin its Phase IIb study.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:55 pm

SPY

USO

The U.S. State Department commented on the death of two sailors in a Houthi attack in the Red Sea, stating it was 'sadly inevitable' and reaffirmed the U.S. commitment to hold the Houthis accountable for their actions.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:28 pm