Streetbeat News

Regulatory

SPY

Federal Reserve's Christopher Waller stated that there is still one rate hike penciled in, but its implementation will be entirely data-driven. The timing of the rate hike is uncertain.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 4:34 pm

SPY

Federal Reserve's Christopher Waller stated that the Fed needs to observe inflation progression over the next 6-12 months before considering rate cuts. He also mentioned that no one expects any immediate rate cuts.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 4:30 pm

SPY

Federal Reserve's Christopher Waller stated that if inflation were to decrease to 2.5%, the Taylor Rule would suggest a cut in interest rates. This could potentially impact the broader market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 4:28 pm

LEXX

Lexaria Bioscience Corp received a Nasdaq Bid Price Deficiency Notice on October 17, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 4:28 pm

SPY

Rep. Jordan does not have the votes for the Speaker position. A third vote is expected.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 4:27 pm

SPY

Federal Reserve Governor Christopher Waller stated that the Fed could reduce its balance sheet by $2 trillion to $2.5 trillion while still maintaining ample reserves. This statement may have implications for the overall market, including the SPDR S&P 500 ETF (SPY).

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 4:24 pm

PARA

PARAA

The ongoing conflict between Israel and Hamas could potentially involve the U.S. militarily, despite President Joe Biden's earlier statement that U.S. troops wouldn't be needed. The possibility of Hezbollah joining the conflict against Israel has prompted discussions of U.S. military involvement. The news comes as Biden administration has warned Hezbollah and Iran against getting involved. The U.S. has sent several warships and aircraft carriers to the region and put other military forces on alert for possible deployment. Biden expressed his support for Israel during a recent appearance on “60 Minutes,” a news program on Paramount Global owned CBS.

Portfolio Pulse from Chris Katje

October 18, 2023 | 4:22 pm

SPY

Five Republican lawmakers have voted against Jim Jordan for the position of U.S. House Speaker. The voting process is still ongoing.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 4:22 pm

GME

GameStop Corporation (NYSE:GME) shares hit a new 52-week low of $13.81 and are down more than 20% over the last month. 20.11% of GME shares are being sold short. The stock is trading well below its 50-day moving average of $17.37. The SEC has adopted new rules requiring hedge funds to disclose their short positions each month.

Portfolio Pulse from Erica Kollmann

October 18, 2023 | 4:12 pm

SPY

USO

The U.S. Treasury has issued new sanctions related to Iran, according to its website. This could potentially impact the global oil market and subsequently, ETFs like SPY and USO.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:46 pm