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SPY

In a CBS' 60 Minutes interview, Federal Reserve Chair Jerome Powell stated that progress is being made on inflation control. He mentioned the possibility of the Federal Reserve acting sooner if there are signs of labor market weakness or a convincing reduction in inflation.

Portfolio Pulse from Charles Gross

February 05, 2024 | 12:12 am

SPY

In a 60 Minutes interview conducted on February 1, Fed Chair Powell stated that with the economy showing strength, the Federal Reserve can carefully approach the timing of rate cuts. He emphasized the need for increased confidence before commencing such significant steps.

Portfolio Pulse from Charles Gross

February 05, 2024 | 12:11 am

EYPT

EyePoint Pharmaceuticals announced successful results for its Phase 2 DAVIO 2 trial of EYP-1901, meeting its primary endpoint of statistical non-inferiority in BCVA compared to aflibercept, with no serious adverse events. The trial also met key secondary endpoints, including significant reduction in treatment burden and strong anatomical control.

Portfolio Pulse from Benzinga Newsdesk

February 04, 2024 | 6:39 pm

EYPT

EyePoint Pharmaceuticals, Inc. (NASDAQ:EYPT) announced positive results from Phase 2 DAVIO 2 clinical trial of EYP-1901 for wet AMD, showing superiority in visual acuity and anatomic stability compared to aflibercept. The trial met all primary and secondary endpoints, with plans to initiate Phase 3 trials in H2 2024. Results were presented at the Angiogenesis, Exudation, and Degeneration 2024 Virtual Meeting.

Portfolio Pulse from Benzinga Newsdesk

February 04, 2024 | 6:37 pm

EIS

SPY

USO

In an interview on NBC's Meet The Press, White House National Security Adviser Sullivan declined to comment on whether the U.S. has ruled out conducting strikes inside Iran. This statement has implications for geopolitical tensions and could impact financial markets.

Portfolio Pulse from Charles Gross

February 04, 2024 | 3:24 pm

BLK

JPM

Financial experts including Bill Gross, BlackRock, and Jamie Dimon provided insights on the U.S. economy, discussing a looming debt crisis, bullish views on U.S. stocks, and potential unemployment rate increases. Gross compared the U.S.'s $34 trillion debt to climate change impacts, predicting inflation due to annual deficits. BlackRock upgraded U.S. stocks to 'overweight', anticipating an economic soft landing and interest rate cuts. Mizuho's Dominic Konstam projected unemployment could double by year-end. Peter Schiff criticized the Federal Reserve's inflation policy, and Dimon warned of a global market 'rebellion' due to U.S. debt levels.

Portfolio Pulse from Benzinga Neuro

February 04, 2024 | 11:08 am

DOGEUSD

SHIBUSD

This week in cryptocurrency saw the debut of a GameStop memecoin on Solana, a surge in Optimus AI's market cap following an Elon Musk tweet, predictions of a Dogecoin price jump, a significant increase in Shiba Inu's burn rate, and Donald Trump's criticism of CBDCs. The GameStop memecoin quickly reached a market cap of over $14 million, while Optimus AI's price soared after Musk's tweet. Analyst Muro predicts a 6% increase in Dogecoin's value, and Shiba Inu's burn rate skyrocketed by over 1,500% in a day. Trump expressed concerns over the freedom-threatening potential of CBDCs.

Portfolio Pulse from Benzinga Neuro

February 03, 2024 | 1:26 pm

TSLA

Elon Musk criticized the term 'recall' for Tesla's OTA software updates, following a recall of 2.2 million vehicles, including the Cybertruck, for a minor issue with warning light font sizes. The National Highway Traffic Safety Administration (NHTSA) noted the fix is an OTA update, some of which have already been deployed. Musk and Tesla argue that using 'recall' for such updates is outdated, suggesting 'Software Recall' as a more accurate term.

Portfolio Pulse from Anan Ashraf

February 03, 2024 | 2:22 am

BETS

Bit Brother has received a delisting notice from Nasdaq, indicating potential compliance issues or failure to meet the exchange's listing requirements. This development could significantly impact Bit Brother's stock visibility and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 9:07 pm

AAPL

AMD

AMZN

GOOGL

META

TSLA

Tech giants experienced mixed earnings, with Alphabet, AMD, and Apple slightly missing expectations, while Meta and Amazon exceeded them. The Fed's Jerome Powell ruled out a March interest rate cut, and the U.S. saw a strong January jobs report. Meta announced its first dividend, Amazon reported significant Q4 revenue growth, and Apple faced challenges in China. Tesla recalled the Cybertruck due to a software issue.

Portfolio Pulse from Piero Cingari

February 02, 2024 | 9:07 pm