Streetbeat News

Regulatory

SPY

Florida Governor Ron DeSantis holds a briefing on Hurricane Milton, which could impact various sectors, including insurance and utilities. Investors should monitor potential disruptions and economic effects in Florida.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:58 pm

EWC

EWW

FXI

SPY

Donald Trump plans to announce that if elected, he will formally notify Mexico and Canada of his intention to invoke the 6-year renegotiation provision of the USMCA to address concerns about Chinese auto production. This announcement is expected in an upcoming speech in Detroit.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:57 pm

SPY

Federal Reserve's Raphael Bostic suggests the possibility of pausing interest rate changes in November if economic data supports it. This indicates a potential pause in monetary policy adjustments, which could impact market expectations.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:53 pm

SPY

Atlanta Fed President Raphael Bostic is open to either cutting interest rates by a quarter percentage point or maintaining them at the upcoming Federal Reserve meeting, depending on economic data. Bostic supports a patient approach, considering recent economic indicators like the consumer-price index and employment data.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:51 pm

DJT

FXI

SPY

Donald Trump announced plans to ban all Chinese autonomous vehicles from U.S. roads, as per an excerpt from an upcoming speech in Detroit. This move could impact U.S.-China trade relations and the automotive industry.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:42 pm

DJT

SPY

Donald Trump plans to propose making interest on car loans fully tax-deductible and introducing a 'Made In America' corporate tax rate of 15% for U.S. manufacturers. This proposal is expected to be announced in an upcoming speech in Detroit.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:40 pm

BABA

Alibaba's stock is experiencing volatility, dropping 7% due to unmet expectations for economic stimulus in China. The People's Bank of China introduced measures to boost market liquidity, which may stabilize Alibaba's stock. The company's performance is closely tied to China's economic health.

Portfolio Pulse from Henry Khederian

October 10, 2024 | 4:12 pm

SPY

John Williams, President of the Federal Reserve Bank of New York, stated that there are still plenty of reserves in the financial system. However, he did not specify when the Federal Reserve will end its balance sheet drawdown.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:01 pm

SPY

John Williams, President of the Federal Reserve Bank of New York, stated that changes in the minimum wage do not have significant overall economic impacts. This suggests that such changes are unlikely to influence broader economic indicators or monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 3:58 pm