Streetbeat News

Regulatory

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) shares are trading lower following an SEC filing announcing an offering of 3.75 million shares at $2.67 each, with net proceeds of $8.9 million intended for various corporate purposes. Additionally, the FCC approved Sidus Space's operation of a micro constellation of satellites, marking a significant regulatory milestone. Despite this, SIDU stock has lost over 79% in the past year and is down 11.2% today.

Portfolio Pulse from Nabaparna Bhattacharya

October 15, 2024 | 4:34 pm

C

Citi's CFO announced that the bank has revised its approach to regulatory work, indicating a strategic shift in compliance and governance.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:30 pm

SPY

Fed's Daly expressed confidence that the Federal Reserve can reduce its balance sheet without causing market disruptions. This statement may influence investor sentiment regarding the stability of financial markets.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:16 pm

C

Citi CEO has stated that the bank does not have an asset cap and is not expecting any additional regulatory measures beyond what has already been announced. The CEO expects no further regulatory actions.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:16 pm

SPY

Fed's Daly highlights that most banks are monitoring their interest rate risk effectively, but warns that bank runs can occur more rapidly in the current environment.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:13 pm

OKLO

Oklo's shares rise as the DOE approves its safety design report for the Aurora fuel fabrication facility, advancing its commercial powerhouse plans. Cruise stocks also see gains.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:12 pm

SPY

Federal Reserve's Daly stated that the lack of dissents in Fed decisions does not imply full agreement among officials. This suggests potential internal differences in views on monetary policy, which could impact market expectations.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:10 pm

ELV

UNH

Elevance Health's shares fell by 3.8% following UnitedHealth Group's earnings report, which highlighted competitive pressures. UnitedHealth's strong performance and market share gains pose challenges for Elevance, impacting its stock. Both companies face rising medical costs and regulatory scrutiny.

Portfolio Pulse from Henry Khederian

October 15, 2024 | 4:07 pm

SPY

Fed's Daly stated that the current Fed framework does not impose policy constraints. The key question for the Fed's framework review is the real rate of interest level, and the review should consider rate policy and balance sheet linkages.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:07 pm

SPY

The article discusses Fed's Daly's confidence in the Federal Reserve's tools to achieve central bank mandates. It suggests potential implications for the SPY ETF, which tracks the S&P 500 index.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:00 pm