Streetbeat News

Regulatory

FXI

SPY

TSLA

The U.S. House Republican Chair has requested details regarding Tesla's relationship with Chinese battery manufacturer CATL, according to a letter cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 7:53 pm

ADSK

AVGO

BLK

CSCO

INTC

JPM

LMT

MMM

PYPL

TSLA

UBS

S&P 500 companies are increasingly investing in politically aligned nations, sidestepping China, according to a Bloomberg Economics analysis. The study found that cost-effectiveness is no longer the primary factor for companies investing abroad. Instead, companies are more likely to make significant investments in like-minded countries. In 2022, $1.2 trillion were made in greenfield foreign direct investments (FDI), with $180 billion (or 15%) shifting from countries not condemning Russia's invasion of Ukraine to those who did. Companies including BlackRock, Coca-Cola, Tesla, 3M, Paypal, JP Morgan Chase, Citigroup, Lockheed Martin, Broadcom, Cisco Systems, Intel, Mastercard, Ford, UBS Group, and Autodesk have mentioned 'geopolitics' more frequently in earnings calls.

Portfolio Pulse from Natan Ponieman

September 19, 2023 | 7:38 pm

SPY

U.S. House Republicans have failed to advance defense spending, raising concerns about a potential government shutdown. This could impact the overall market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 7:32 pm

STLA

The Biden administration has decided not to send two key officials to Detroit to help broker a deal between striking autoworkers and the Big Three car companies, Ford, General Motors, and Stellantis. Instead, discussions will be held virtually. The United Auto Workers union has threatened to launch additional strikes if significant progress is not made in negotiations by mid-day Friday.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 6:54 pm

BTCUSD

NMR

Nomura's digital asset subsidiary, Laser Digital Asset Management, has introduced a Bitcoin Adoption Fund for institutional investors. The fund is part of a Laser Digital Funds Segregated Portfolio Company registered under the Cayman Islands Regulatory Authority. Komainu, a collaboration between Nomura, Ledger, and Coinshares, will serve as the regulated custody partner. This move is part of Nomura's broader strategy to provide digital adoption investment solutions.

Portfolio Pulse from Khyathi Dalal

September 19, 2023 | 6:44 pm

TSLA

The Justice Department is investigating personal benefits that Tesla may have provided to Elon Musk since 2017. The probe is part of a criminal investigation examining issues including a proposed house for the CEO.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 6:33 pm

MFG

MUFG

SMFG

Shares of Japanese banks are trading higher following recent comments from the Bank of Japan suggesting a possible end to negative rates. This includes MFG, MUFG, and SMFG.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 6:26 pm

CORN

SOYB

SPY

VGK

WEAT

Ukrainian President Zelenskiy has accused Russia of attempting to weaponize the global food shortage in exchange for recognition of the Ukrainian territory it has captured. This could potentially impact global food prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 6:11 pm

CNHI

DIS

Major indexes are down due to rising Treasury yields ahead of the Federal Reserve's decision this week. Stocks are also being pressured by weakness in Disney, Deere and CNH Industrial.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 5:42 pm

TTOO

T2 Biosystems shares are trading lower following a surge on Monday after the FDA cleared the company's biothreat panel for commercial distribution.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 5:26 pm