Streetbeat News

Regulatory

SPY

Federal Reserve's Raphael Bostic emphasized the need for financial firms to adapt to changing risks due to events like storms. This highlights the importance of risk management in the financial sector.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:32 pm

SPY

Federal Reserve's Raphael Bostic highlighted that changes in storm and fire risks can impact housing demand and supply in various cities. This could have broader implications for the housing market and related financial instruments.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:30 pm

SPY

Federal Reserve's Bostic highlights that changes in supply chains will alter business cost structures, which the Fed needs to comprehend.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:23 pm

BABA

JD

NIO

Alibaba shares are trading lower due to disappointing stimulus measures announced by China's NDRC. This has affected other U.S.-listed Chinese stocks like JD.Com and NIO as well.

Portfolio Pulse from Dylan Berman

October 08, 2024 | 5:17 pm

EIS

ISRA

USO

U.S. officials report that Israel is finalizing its response options against Iran, focusing on military and intelligence infrastructure, air defenses, and energy facilities. No final decision has been made yet.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:14 pm

MSOS

Barbara Webb, a tax partner at Mgo, advises that when the IRS catches up with taxpayers, they must get on an installment plan and maintain regular payments. This requires a significant cash commitment, and some may find it unaffordable.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:14 pm

SPY

Federal Reserve's Bostic highlights that Hurricanes Helene and Milton could have significant economic implications over the next three to six months. This could affect various sectors and potentially impact market indices.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:10 pm

MSOS

Frank Segall, co-chair of Blank Rome's Cannabis Practice, stated that rescheduling cannabis will not attract major financial institutions like Wells Fargo or premier private equity firms into the industry. These entities require full legalization to participate.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:10 pm

MSOS

Frank Segall, co-chair of Blank Rome's Cannabis Practice, discusses the potential impact of rescheduling cannabis on attracting new capital. Despite a 37% rise in the sector, stocks are now below previous levels due to oversaturation and lack of investor capital. The sector may take several years to recover.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:06 pm