Streetbeat News

Regulatory

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EWL

UBS

The Swiss Parliament has initiated an investigation into the collapse of Credit Suisse. The main focus of the investigation will be to assess the legality, expediency, and effectiveness of relevant authorities during the crisis. The inquiry is expected to last 12-14 months.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 3:44 pm

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MARA

MSTR

RIOT

A US judge has ruled that Ripple is not a security, leading to a rise in the shares of crypto-related stocks.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 3:43 pm

SPY

Federal Reserve's Daly stated that her current focus is on determining whether there is a need for further interest rate hikes and the extent of such hikes to bring inflation down to 2%.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 3:42 pm

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MSFT

TWTR

Twitter Inc has filed a motion to terminate a settlement with the Federal Trade Commission (FTC) over alleged privacy violations. The company, owned by Elon Musk, accuses the FTC of a burdensome investigation. The move comes amid a clash between House Republicans and FTC Chair Lina Khan, with Republicans accusing the FTC of having an antibusiness agenda. Twitter also seeks to stay a deposition of Musk by the FTC. Republicans cite recent FTC losses in cases such as Microsoft Corp's proposed purchase of Activision Blizzard, Inc.

Portfolio Pulse from Anusuya Lahiri

July 13, 2023 | 3:40 pm

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CELUSD

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The Commodity Futures Trading Commission (CFTC) has charged Celsius Network and its founder, Mashinsky, with fraud and material misrepresentations. The charges could potentially impact the company's operations and reputation.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 3:34 pm

BTCUSD

ETHUSD

SPY

XRPUSD

A U.S. judge has ruled that the SEC lawsuit against Ripple Labs can proceed to trial on some claims. The lawsuit alleges that Ripple conducted an unregistered securities offering.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 3:33 pm

SPY

Federal Reserve's Mary Daly stated that as inflation starts to decrease, the nominal rate can be reduced to bring real rates down to a neutral level. This statement could potentially impact the overall market, including ETFs like SPY.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 3:32 pm

XRPUSD

A judge has ruled that Ripple's sales of XRP do not constitute an offer of investment contracts. This ruling could potentially impact the ongoing lawsuit between Ripple and the SEC, which claims that XRP is a security and should have been registered as such.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 3:31 pm

SPY

Federal Reserve Bank of San Francisco President Mary Daly has stated that there is a need to move interest rates up to restrictive territory. This could potentially impact the overall market and ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 3:27 pm

SPY

Federal Reserve Bank of San Francisco President Mary Daly stated that it is difficult to predict if wage growth will lead to a decrease in inflation. This statement comes amidst ongoing debates about the relationship between wage growth and inflation.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 3:24 pm