Streetbeat News

Regulatory

BANC

Trading of Banc Of California's shares has been halted due to pending news.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 7:28 pm

SPY

The Federal Open Market Committee (FOMC) is expected to increase the fed funds rate by 25 basis points in its upcoming meeting, pushing borrowing costs to 5.25-5.5%, the highest since February 2001. Economists are divided on whether this will mark the end of the current rate-hiking cycle. Inflation remains a key factor in shaping the Fed’s decisions. Analysts from Comerica Wealth Management, Bank of America, truflation, and LPL Financial have shared their insights on the potential outcomes of the meeting.

Portfolio Pulse from Piero Cingari

July 25, 2023 | 6:29 pm

GSK

SNY

The Brazilian Parana State has declared an animal health emergency due to cases of bird flu found in wild birds within its territory. This could potentially impact the poultry industry and related businesses.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 6:25 pm

BATS

BUD

IMBBY

MO

TAP

Zuanic & Associates' cannabis equity research report predicts four key developments in the sector for the next 18 months. The SAFE Banking bill is expected to pass in 2024, potentially leading to federal legalization of cannabis. The TSX is likely to see a wave of listings from multi-state operators, impacting Canadian MJ asset prices. Increased involvement of Consumer Packaged Goods companies in the sector is expected, with British American Tobacco, Imperial Brands, Molson Coors, Anheuser-Busch InBev, and Altria mentioned.

Portfolio Pulse from Nicolás Jose Rodriguez

July 25, 2023 | 6:22 pm

SRFM

Surf Air Mobility has announced that its registration statement for the proposed direct listing of its common stock has been approved. The company's stock will begin trading on the New York Stock Exchange on July 27.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 6:16 pm

SLM

SOFI

SPY

President Biden's administration has announced the cancellation of $130M in student debt for 7,400 borrowers in Colorado. This move is part of the broader effort to address the student loan crisis in the US.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 5:49 pm

DB

Deutsche Bank AG (NYSE:DB) has announced a share repurchase program of up to €450 million, set to start in August and complete by the end of 2023. The decision is subject to receiving all necessary supervisory approvals.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 5:46 pm

EIS

SPY

The U.S. State Department has announced that there will be no cut or stoppage of military aid to Israel, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 5:42 pm

INPX

Streeterville Capital LLC has acquired a 9.99% stake in Inpixon, according to a 13G filing with the SEC.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 5:28 pm

AKTX

Akari Therapeutics has been granted EU Orphan Designation for its drug Nomacopan for use in Hematopoietic Stem Cell Transplantation. This designation could potentially open up new markets for the company in the European Union.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 5:25 pm