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Regulatory

SPY

Senate Majority Leader Mitch McConnell stated that President Biden and Treasury Secretary Janet Yellen contacted him to discuss the border issue. McConnell indicated that passing the supplemental spending package in the Senate would be challenging without including the border issue.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:26 pm

EGPT

EIS

SPY

White House's Kirby announced that more individuals, including Americans, are expected to depart Gaza via the Rafah Crossing today.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:10 pm

CVX

Chevron Corporation (NYSE:CVX) reportedly sees a limited path for Venezuela's oil production expansion, despite the country receiving a reprieve from U.S. sanctions. The U.S. Treasury Department has granted a six-month license allowing Venezuela to freely engage in oil production and sales. However, Chevron's Vice President of Crude Supply and Trading, Patti Leigh, expressed skepticism about the immediate effects of this license due to its short-term nature.

Portfolio Pulse from Shivani Kumaresan

November 07, 2023 | 7:09 pm

FXI

SPY

U.S. and Chinese officials met in Washington on Monday to discuss arms control issues, according to the State Department.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:00 pm

SPY

Federal Reserve's Logan emphasized the importance of adhering to the Fed's 2% inflation goal, highlighting that the most significant risk is persistent inflation.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:59 pm

TEVA

Teva Pharmaceutical Industries Ltd. has received a letter from the Federal Trade Commission (FTC) and is currently reviewing it to determine its contents and any subsequent actions.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:58 pm

SPY

Federal Reserve's Logan has stated that there is a need to be sensitive to the impact of energy price shocks on inflation expectations. He emphasized that energy price shocks are an important risk that needs focus.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:42 pm

SPY

Federal Reserve official Lorie Logan stated that the Fed can typically look through energy price shocks when assessing the inflation outlook. This suggests that temporary fluctuations in energy prices may not significantly impact the Fed's monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:41 pm

SPY

Federal Reserve's Logan stated that the economic costs of Middle East tensions have been very limited so far, but he remains sensitive to the risks.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:39 pm

SPY

Federal Reserve official Lorie Logan has stated that if the rise in long-term interest rates is driven by term premium, it could do some of the Federal Reserve's work. This could potentially impact the performance of the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:39 pm