Streetbeat News

Regulatory

CLF

Cleveland-Cliffs has entered into a standstill agreement for two months, which is shorter than the six months U.S. Steel is seeking, according to a source cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:53 pm

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TLLTF

Cannabis industry leaders convened at the Benzinga Cannabis Capital Conference to discuss the challenges and opportunities of the sector amidst evolving regulations. They emphasized the importance of adaptability, strategic legal guidance, and long-term vision for success in the industry. TILT Holdings CEO Tim Conder and GrowGeneration CEO Darren Lampert were among the speakers.

Portfolio Pulse from Nicolás Jose Rodriguez

September 28, 2023 | 1:50 pm

SPY

Procter & Gamble is recalling approximately 8,600 units of Zevo Fly, Gnat and Fruit Fly Insect Spray due to injury and laceration hazards, as announced by the U.S. Consumer Product Safety Commission.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:49 pm

EVEX

EWY

Eve Air Mobility (NYSE:EVEX) and South Korea's Moviation have signed a Letter of Intent to purchase Eve's Urban ATM solution, a software solution for Urban Air Mobility (UAM) traffic management. The agreement comes as Eve's Urban ATM concept has been adopted as part of Korea's K-UAM Grand Challenge, a program to support the commercialization of UAM in 2025. Eve is also collaborating with Atech, Embraer's Air Traffic Control technology and system integrator company, for the development of the Urban ATM software solution.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:44 pm

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GTBIF

VRNOF

Illinois Governor JB Pritzker will be a keynote speaker at the Benzinga Cannabis Capital Conference, discussing the state's successful legalization of marijuana. Key players in the Illinois market, including Cresco Labs Inc, Verano Holdings Corp, and Green Thumb Industries Inc, have created 30,000 jobs and helped the state's marijuana sales reach $1.5 billion in 2022.

Portfolio Pulse from Jelena Martinovic

September 28, 2023 | 1:44 pm

SPY

Federal Reserve's Goolsbee has expressed that inflation targets could potentially give a false sense of precision around a variable that is considered 'noisy'. This statement could impact the market's perception of the Federal Reserve's approach to inflation.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:43 pm

SPY

Chicago Fed President Goolsbee stated that the recent inflation was mostly due to supply issues, although there was a demand component as well.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:40 pm

BABA

BIDU

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CTRYF

EGRNF

China's property market turmoil continues to impact the stock market, with Country Garden Holdings and China Evergrande Group seeing declines. However, Sunac China Holdings managed to restructure its debt and saw a 1% increase. The Chinese government is planning to attract more investors by raising the foreign ownership cap on stocks and encouraging domestic travel to boost the economy. Despite the property market issues, investment managers are attracted to deep discounts in the consumer and tech sector in China, with stocks such as Alibaba, Baidu, and BYD Company Limited gaining attention.

Portfolio Pulse from Daniel Harrison

September 28, 2023 | 1:40 pm

SPY

Chicago Fed President Goolsbee stated that they are not putting much weight on conventional measures of overheating and have not decided what to do at the next meeting.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:38 pm

SPY

Chicago Fed President Goolsbee has indicated that if the Federal Reserve sees a lack of progress on the price side, it will have to raise restraint. This statement suggests potential changes in monetary policy that could impact the market.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:36 pm