Streetbeat News

Regulatory

SPY

Federal Reserve's Mester has indicated a likely favor towards a hike in the next meeting if the current economic situation remains stable. The rise in long-term yield will affect the monetary policy outlook and moderate growth. The Fed is likely at or near the peak for interest rate target.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 3:32 pm

FTTUSD

Sam Bankman-Fried, the founder of FTX (CRYPTO: FTT), is on trial for alleged financial misconduct, including market manipulation, fraud, and regulatory evasion. The charges have sent shockwaves through the crypto community and have led to FTX's bankruptcy. The trial could set a precedent for stricter regulations and oversight for crypto exchanges and other entities.

Portfolio Pulse from Murtuza Merchant

October 03, 2023 | 3:09 pm

SPRC

SciSparc Ltd (NASDAQ:SPRC) shares surged after the company was granted a European patent for its core technology, titled 'Combinations of Cannabinoids and N-Acylethanolamines'. The patent is related to methods for enhancing therapeutic effects and reducing side-effects of certain cannabinoids in the cannabis plant. The company recently implemented a 1-for-26 reverse split.

Portfolio Pulse from Adam Eckert

October 03, 2023 | 2:56 pm

BTCUSD

Kevin O'Leary, during a discussion at Benzinga's Crypto Unlocked event, emphasized the need for institutional investment in cryptocurrencies like Bitcoin (BTC) for their value to increase. He stated that the 'Wild West' era of crypto, characterized by lack of regulation and high speculative trading, needs to end for a more stable financial ecosystem to emerge. O'Leary also highlighted the need for a regulatory framework that mitigates risks associated with fraudulent activities in the crypto space.

Portfolio Pulse from Jose Rodrigo Safdiye

October 03, 2023 | 2:47 pm

VQS

VIQ Solutions Inc. (NASDAQ:VQS) shares are trading higher, despite the company's recent announcement of its stock delisting from the Nasdaq due to failure to meet the $1.00 minimum bid price listing requirement. The company also announced the resignation of its director. The stock remains more than 20% down over the last month.

Portfolio Pulse from Erica Kollmann

October 03, 2023 | 2:33 pm

SPY

U.S. House Speaker McCarthy has expressed concern over the potential removal of a Speaker who has managed to keep the government open, stating that such a move would indicate a 'really bad place'.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 2:14 pm

SPY

The USA JOLTs job openings for August were reported at 9.610 million, significantly higher than the estimated 8.800 million and the prior figure of 8.827 million.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 2:01 pm

SPY

U.S. House Speaker McCarthy has announced that he will hold a vote on a motion to vacate on Tuesday. He has also informed House Republicans that he will not be cutting a deal with Democrats, according to Republican Representative Hern.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:33 pm

AAL

DAL

GE

LUV

SAFRY

UAL

Delta Air Lines has discovered unauthorized components in less than 1% of its over 2,100 jet engines. Other airlines, including American Airlines, United Airlines, and Southwest Airlines, have also reported finding fake parts associated with AOG Technics Ltd. This London-based firm is under investigation over the spare parts it provided for a jet engine model produced by CFM International, a collaboration between General Electric and Safran SA. Delta confirmed that none of its aircraft are currently flying with unapproved parts.

Portfolio Pulse from Shivani Kumaresan

October 03, 2023 | 1:32 pm

AMGN

The U.S. FDA staff reviewers have expressed doubts about the effectiveness of Amgen's lung cancer drug, based on the company's late-stage trial results. This could potentially impact the approval of the drug.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:32 pm