Streetbeat News

Regulatory

HSBC

Ashok Venkateswaran of Mastercard Inc. expressed skepticism about the readiness of central bank digital currencies (CBDCs) for widespread adoption at the Singapore FinTech Festival. He emphasized the need for CBDCs to be as easy to spend as cash and noted the significant development required for their infrastructure. Mastercard has been involved in CBDC projects, such as the e-HKD pilot in Hong Kong, alongside competitors like Visa Inc. and financial institutions HSBC Holdings plc and Hang Seng Bank. Venkateswaran sees potential in wholesale CBDCs for interbank settlements and highlighted Singapore's efficient payment system as a reason for the diminished need for a retail CBDC.

Portfolio Pulse from Murtuza Merchant

November 17, 2023 | 3:36 pm

TAK

The European Commission has approved an expanded use of Takeda's TAKHZYRO (lanadelumab) for routine prevention of Hereditary Angioedema (HAE) in patients aged 2 years and older, making it the first long-term prophylactic HAE treatment in the EU for patients under six. The approval includes a new 150 mg strength for younger patients and is supported by clinical data from a Phase 3 study and extrapolation from an adult and adolescent study.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:26 pm

SPY

In a CNBC interview, Fed's Collins remarked that current economic data are 'really noisy,' indicating difficulty in interpreting the data. Collins emphasized the importance of considering the broader economy when understanding the concept of full employment.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:23 pm

SPY

Fed's Collins remarks on being patient and taking a holistic view of data, noting that financial conditions show some restriction but are still favorable for the Fed. She also observes positive signs of labor markets balancing.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:22 pm

Senator Thomas H Tuberville reported selling Nu Holdings (NYSE:NU) stock valued between $100,001 and $250,000 on November 16, 2023. Nu Holdings shares are currently trading up at $8.06. Congressional transactions are monitored under the STOCK Act, which prohibits using non-public information for personal gain and requires prompt disclosure of trades.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 3:05 pm

CLX

Senator Thomas H Tuberville reported selling Clorox (NYSE:CLX) stock valued between $161,006 and $465,000 on November 16, 2023. Clorox shares were trading up 0.68% at $140.0 following the report. Congressional transactions are monitored under the STOCK Act, which prohibits using non-public information for personal gain and requires prompt disclosure of trades.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 3:05 pm

AT&T plans to establish a standalone managed cybersecurity services business, retaining an ownership stake and board representation. The transaction is subject to regulatory reviews and customary closing conditions, with an expected closure in Q1.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:44 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

Iran's backchannel messaging indicating a desire to avoid conflict with the U.S. has led to a collapse in oil prices, reducing inflation fears and triggering a stock market rally. The SPDR S&P 500 ETF Trust (SPY) is consolidating after a rally, with the market showing overbought signals. $2 trillion in options are expiring, and their rollover decisions could impact the market direction. Positive early money flows are seen in Amazon (AMZN), Microsoft (MSFT), and Apple (AAPL), while negative flows are in Alphabet (GOOG), Meta Platforms (META), NVIDIA (NVDA), and Tesla (TSLA). Mixed flows are in SPY and Invesco QQQ Trust (QQQ). The SPDR Gold Trust (GLD) and iShares Silver Trust (SLV) are popular ETFs for gold and silver, respectively, and the United States Oil ETF (USO) is the most popular for oil.

Portfolio Pulse from The Arora Report

November 17, 2023 | 2:39 pm

SPY

Fed's Daly indicates that current policy debates are focused on determining the level of restrictiveness needed in monetary policy and the duration for maintaining such a stance.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:32 pm

DIS

GOOG

GOOGL

NFLX

YouTube is enforcing a policy requiring family plan subscribers to live in the same household, similar to Netflix's earlier move. YouTube Premium family plan users are being asked to confirm their addresses to meet the eligibility requirements. This enforcement follows price hikes in YouTube Premium, mirroring actions by Netflix and Disney+. Alphabet Inc. owns YouTube, and Netflix Inc. has also enforced household requirements for its subscribers earlier this year.

Portfolio Pulse from Rounak Jain

November 17, 2023 | 2:16 pm