Streetbeat News

Regulatory

IVW

META

XLC

Meta's smart glasses, developed in partnership with Ray-Ban, have become the top-selling product in 60% of Ray-Ban stores across EMEA, despite lacking advanced AI features due to regulatory delays. The glasses' success has bolstered Meta's confidence in its hardware and XR roadmap, contributing to a stock price increase of over 83% in the last year.

Portfolio Pulse from Anusuya Lahiri

October 22, 2024 | 3:21 pm

EBS

INO

MRNA

A new mpox variant, clade 1b, has been detected in Germany, as reported by the Robert Koch Institute. This development could have implications for companies involved in vaccine development and public health response.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 3:08 pm

SPY

U.S. Treasury Secretary Janet Yellen criticized broad tariffs, stating they negatively impact consumers and export industries. She affirmed the U.S. dollar's status as the primary global reserve currency and emphasized the importance of controlling deficits to maintain demand for U.S. debt.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 3:02 pm

SPY

VGK

U.S. Treasury Secretary Janet Yellen expressed confidence that Russian assets will remain locked down, despite no assurances from the EU. She also mentioned that there are no significant issues remaining with the Ukraine loan.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:56 pm

FXI

SPY

U.S. Treasury Secretary Yellen announced that economic and finance working groups between the U.S. and China will meet next week. The Treasury emphasizes the importance of increasing consumer spending as a share of GDP and addressing property issues in China.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:54 pm

SPY

VGK

U.S. Treasury Secretary Janet Yellen announced an agreement with Ukraine that Russian funds will be used to repay loans even if a war truce is reached. The U.S. plans to contribute $20 billion to a $50 billion loan for Ukraine. Yellen emphasized the importance of ensuring well-supplied oil markets when considering further sanctions.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:51 pm

SPY

VGK

U.S. Treasury Secretary Janet Yellen announced new sanctions targeting entities supporting Russia's war efforts, with potential secondary sanctions on financial institutions. The U.S. is finalizing a $50 billion loan to Ukraine, funded by income on Russian assets, not U.S. taxpayers.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:48 pm

SPY

The IRS has announced higher capital gains tax brackets for 2025, allowing single filers to earn up to $48,350 and married couples up to $96,700 in taxable income while still paying 0% on long-term capital gains. The standard deduction will also increase to $15,000 for singles and $30,000 for couples.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:28 pm

ETHA

ETHE

FBTC

HODL

IBIT

Bitcoin spot ETFs have seen a significant inflow of $294 million, marking a seven-day streak of positive momentum. BlackRock's ETF led with $329 million in inflows, while Fidelity and VanEck had mixed results. The inflows indicate growing investor confidence in Bitcoin, supported by stable regulatory policies and declining interest rates. In contrast, Ethereum ETFs experienced a net outflow, reflecting weaker sentiment.

Portfolio Pulse from Murtuza Merchant

October 22, 2024 | 2:07 pm

UUP

Goldman Sachs predicts the US dollar will remain strong regardless of the 2024 election outcome. A Republican sweep could lead to higher tariffs, boosting the dollar, while a Harris victory might initially weaken it. Global growth could also impact the dollar's strength.

Portfolio Pulse from Piero Cingari

October 22, 2024 | 2:06 pm