Streetbeat News

Regulatory

EWW

FXI

SPY

U.S. Treasury Secretary Janet Yellen stated that the cooperation with Mexico on cross-border payments is not aimed at countering China's influence. The collaboration is focused on improving the payment systems for the benefit of both countries. No specific U.S.-listed companies or ETFs were targeted in the cooperation, and the statement was not related to any competitive stance against China.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 7:03 pm

EWW

SPY

U.S. Treasury Secretary Janet Yellen discussed with Mexican financial teams the possibility of more deeply integrating cross-border payment systems between the U.S. and Mexico. This could enhance financial transactions and economic cooperation.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:06 pm

EWW

SPY

U.S. Treasury Secretary Janet Yellen has emphasized the significance of agreements that address national security risks stemming from foreign investments in key technologies, critical infrastructure, and sensitive data. The statement underscores the government's focus on safeguarding these areas from potential threats.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:05 pm

EWW

FXI

SPY

U.S. Treasury Secretary Janet Yellen stated that the U.S. is not attempting to prevent Chinese investment in Mexico, provided it does not raise national security concerns. An agreement acknowledges the significance of open investment regimes and the U.S.-Mexico relationship.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:04 pm

EWW

SPY

The U.S. Treasury and the Mexican Finance Ministry have signed an agreement to emphasize the significance of investment screening for national security. They have agreed to establish a working group to exchange technical information and share best practices regarding investment screening.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:02 pm

ETH-USD

On Wednesday, 12,104.92 Ether (ETH) valued at $28.25M was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5th, 2021, which introduced a variable base fee for transactions that is burned. The Ethereum network currently has a 4% annual issuance rate of new Ether, expected to drop to 0.5-1% with Ethereum 2.0, potentially making ETH deflationary. The net annualized issuance rate for Ether was -15.94% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 6:00 pm

AAPL

AMZN

FXY

GLD

GOOG

JPM

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The Bank of Japan's (BOJ) potential shift away from yield control is causing significant movement in the yen and impacting global stock markets, including the U.S. The yen's rise is affecting strategies that involve borrowing in yen to invest in U.S. markets. JPMorgan Chase CEO Jamie Dimon expressed a desire to shut down cryptocurrencies if possible. U.S. jobless claims came in slightly below consensus, which may influence the Fed's rate decisions. European GDP contraction supports the expectation of rate cuts. Positive early money flows are seen in major tech stocks, while mixed flows are observed in SPY and QQQ ETFs. Gold and oil are seeing buying interest due to the yen's move. Bitcoin experiences a pullback after recent retail investor enthusiasm. The Arora Report advises investors to maintain a protection band strategy to balance risk and opportunity.

Portfolio Pulse from The Arora Report

December 07, 2023 | 6:00 pm

DISH

SATS

EchoStar Corporation's stock is trading higher following the FCC's approval for the transfer of control of Dish Network and its subsidiaries to EchoStar. This regulatory approval is a significant step in the consolidation process between the two entities, potentially leading to operational synergies and a more streamlined corporate structure.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:47 pm

BMY

Bristol Myers Squibb (NYSE:BMY) shares rose after announcing positive Phase 3 trial results for Opdivo plus Yervoy in treating MSI-H/dMMR metastatic colorectal cancer. The trial met its primary endpoint of progression-free survival. The safety profile was consistent with prior data, with no new safety concerns. The study continues to assess other endpoints. Additionally, the FDA accepted a supplemental application for Opdivo with chemotherapy for urothelial carcinoma, granting Priority Review with a goal date of April 5, 2024.

Portfolio Pulse from Vandana Singh

December 07, 2023 | 5:37 pm

DISH

SATS

Dish Network's stock price has risen following the FCC's approval for the transfer of control of Dish and its subsidiaries to EchoStar.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:30 pm