Streetbeat News

Regulatory

BTCUSD

JPM

XRPUSD

JPMorgan analysts have expressed skepticism about the recent crypto market surge, attributing it to the potential approval of a spot Bitcoin ETF in the U.S. and recent legal victories for the crypto industry. They believe the newly-approved ETFs are more likely to see a shift of existing capital from other Bitcoin products rather than attracting new capital. The analysts also addressed the impact of recent legal victories for Ripple and Grayscale on the future of crypto regulations.

Portfolio Pulse from Murtuza Merchant

November 09, 2023 | 5:42 pm

EIS

SPY

USO

U.S. Special Envoy David Satterfield stated that the U.S. does not believe a conflict involving Lebanon and Israel is inevitable. This statement may have implications for ETFs related to these regions.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 5:33 pm

LLY

Eli Lilly's shares are trading lower despite the FDA approval of Zepbound for chronic weight management. The stock had gained on Wednesday following the approval.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 5:29 pm

SPY

TLT

Richmond Federal Reserve President Thomas Barkin has suggested that slowing down the economy could be a strategy to combat inflation. He expressed skepticism about achieving the central bank’s 2% inflation target smoothly and stated that more inflation is expected. Despite anticipating a slowdown, Barkin believes the U.S. economy is prepared and any downturn may be less severe than past recessions. The S&P 500 index and Treasury yields were flat and higher respectively.

Portfolio Pulse from Piero Cingari

November 09, 2023 | 5:19 pm

SPY

Federal Reserve's Barkin has stated that he expects a modest slowdown in the economy, driven by lags that are yet to come.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 5:15 pm

SPY

Federal Reserve's Barkin has stated that inflation will be the key indicator to determine if the current level of rates is appropriate.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 5:11 pm

FXI

VGK

The European Union and China are planning to hold an in-person summit on Dec. 7-8, marking the first such meeting in four years. The European Commission and Council presidents are expected to travel to China for the summit, although China has not yet confirmed the date or venue.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 5:09 pm

EIS

SPY

USO

According to a statement cited by Reuters, a Hamas official has stated that talks are ongoing and no agreement has been reached with Israel so far.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 5:06 pm

SPY

Federal Reserve's Barkin has highlighted the potential for cyber attacks as a risk to financial stability. While no specific companies were mentioned, the warning could have implications for the broader market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 5:04 pm

SPY

Federal Reserve's Barkin stated that he is not concerned about the level of reserves, indicating there is still room for further action. This could potentially impact the overall market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 4:59 pm