Streetbeat News

Regulatory

RVYL

RYVYL Inc. has entered into a second exchange agreement with a noteholder to convert debt into equity, reducing the company's debt by over $60M. The agreement includes exchanging outstanding principal for Series A and B Preferred Convertible Stock and a cash payment, with the goal of strengthening the balance sheet and maintaining NASDAQ listing compliance.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:50 pm

SPY

Fed's Bowman stated that monetary policy is not on a preset course and that incoming data will be closely monitored. It is uncertain if further supply-side improvements will continue to lower inflation.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:48 pm

QQQ

SPY

U.S. consumer confidence rose to 102 in November, exceeding expectations, despite concerns of a potential recession signaled by the Expectations Index remaining below 80 for the third consecutive month. The increase was mainly among older households, while confidence among those aged 35-54 declined. Inflation expectations decreased slightly, and the labor market outlook improved modestly. The U.S. dollar index saw a minor increase, and stock markets had a limited response, with SPY and QQQ both dropping by 0.1%.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 3:45 pm

SPY

Fed Governor Christopher Waller stated that if inflation shows a consistent decline, there is 'no reason' to keep interest rates 'really high'. This comment suggests a potential easing of the aggressive interest rate hikes that the Federal Reserve has been implementing to combat high inflation.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:42 pm

GOOG

GOOGL

Google announced it will start enforcing its updated personalized ads policy on February 28, 2024, focusing on credit in personalized ads, which will be expanded to include consumer finance. The full enforcement ramp-up is expected to take approximately six weeks.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:38 pm

GOOG

GOOGL

Google has announced that in February 2024, it will update its personalized ads policy to include new limitations on personalized ads for consumer financial products and services, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:37 pm

WILC

G. Willi-Food International Ltd has delayed the release of its Q3 2023 financial results, citing the ongoing war in Israel as the reason. The new deadline for the financial results publication is set for no later than December 31, 2023, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:33 pm

SPY

Federal Reserve Governor Christopher J. Waller indicated that the slowing of the economy is expected to affect credit delinquencies and earnings, which are signs of moderating demand in line with the Fed's intentions.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:32 pm

SPY

Federal Reserve Governor Christopher J. Waller stated that there will be a repricing of Commercial Real Estate (CRE), which will be well anticipated and not come as a shock. The process of repricing is expected to unfold over a couple of years.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:31 pm

SPY

Federal Reserve Governor Christopher J. Waller expressed optimism about achieving a 'soft landing' for the U.S. economy, despite acknowledging the potential for unforeseen shocks that could derail this outcome. He stated that absent any unpredictable shocks, there is 'no reason' the Fed cannot manage a soft landing.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:31 pm