Streetbeat News

Regulatory

UPTD

TradeUP Acquisition Corp. has announced that each investor will purchase an aggregate of $5M shares of the company's stock, at a price per share of $10, concurrently with the closing of the business combination, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:58 pm

MOS

SPY

VGK

The U.S. International Trade Commission (ITC) has been ordered by a court to reconsider phosphate duties. The court ruled that the ITC must conduct a new analysis of the situation and make a new determination within 7 months.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:57 pm

TSLA

Tesla Inc's shares are trading lower, down by 1.1% to $263.70, in line with the broader market following the Federal Reserve's decision. The company, which relies on borrowing for various purposes, could face higher borrowing costs if the Federal Reserve hints at future rate hikes. Tesla has historically burned through significant amounts of cash and carries substantial debt, so higher interest rates could increase its interest expenses, potentially impacting profitability and cash flow.

Portfolio Pulse from Henry Khederian

September 20, 2023 | 7:55 pm

SPY

Federal Reserve Chairman Jerome Powell has concluded the Federal Open Market Committee (FOMC) press conference. No specific details about the conference were provided.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:25 pm

SPY

Saudi Crown Prince has stated that if Iran acquires a nuclear weapon, Saudi Arabia will also have to get one. This statement could potentially escalate tensions in the Middle East.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:19 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the housing supply is structurally constrained. He also mentioned that the Fed is not anticipating a decrease in consumer spending.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:19 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that if the economy performs stronger than expected, the Federal Reserve will need to take additional actions. This could potentially lead to changes in interest rates or monetary policy.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:18 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that any future decisions regarding rate cuts will be based on the needs of the economy. This statement suggests that the Federal Reserve is open to further rate cuts if necessary, but will not commit to any specific actions without first assessing the state of the economy.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:17 pm

SPY

Federal Reserve Chair Jerome Powell has noted that inflation in housing services, particularly rents, is showing signs of easing.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:16 pm

SPY

Federal Reserve Chair Jerome Powell stated that the Federal Reserve tends to overlook short-term fluctuations in energy prices. He also mentioned that the increase in long-term yields is primarily due to growth and the supply of Treasuries, rather than inflation expectations.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:14 pm