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Regulatory

CCL

CUK

EIS

RCL

Israel's Ministry of Tourism has advised against tours, suggesting that those arriving on cruises should stay on their ships and tourists should remain in their hotels. This could impact cruise companies and the Israeli ETF.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 3:27 pm

SPY

Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, stated that the Federal Reserve is in the process of finding a new equilibrium on rates, according to Reuters.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 1:57 pm

SPY

Raphael Bostic, president of the Federal Reserve Bank of Atlanta, stated that there is no need to increase rates any further. However, he did not rule out the possibility of a rate increase if the economic outlook changes.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 1:56 pm

SPY

Federal Reserve Bank of Atlanta President Raphael Bostic stated that there is more to be done to achieve the 2% inflation target, but he believes that the current policy is in a good place to reach this goal. He also mentioned that he does not foresee a recession in his 'Dot Plot'.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 1:54 pm

SPY

Federal Reserve's Bostic has stated that inflation has improved considerably, but there is still a long way to go to reach the inflation target.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 1:52 pm

EIS

SPY

Federal Reserve's Bostic has stated that the ongoing war in Israel is creating uncertainty in the economy. The impact of this uncertainty on US-listed ETFs like EIS (iShares MSCI Israel ETF) and SPY (SPDR S&P 500 ETF Trust) is yet to be determined.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 1:49 pm

EIS

SPY

USO

Yemen's Houthi group has threatened to respond with drones, missiles, and other military options if the US intervenes in Gaza. This could potentially escalate geopolitical tensions in the Middle East.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 1:48 pm

VLRS

Volaris (NYSE: VLRS) has reported its September 2023 preliminary traffic results, showing a 3.1% YoY demand growth and an 84% load factor. The company has also updated its full-year 2023 guidance, raising its revenue guidance from ~$3.2B to $3.2B-$3.4B. The update comes in light of aircraft groundings and higher expected jet fuel prices. The company's CEO mentioned that the growth rate might slow down due to the accelerated inspections of GTF engines requested by RTX Corporation.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 1:40 pm

EIS

SPY

President Biden and Vice President Harris are scheduled to meet with their national security team on Tuesday to discuss the next steps in Israel. The meeting could potentially influence US foreign policy.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 1:35 pm

SRT

Trading of StarTek's shares was temporarily halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 1:34 pm