Streetbeat News

Regulatory

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

SPY

Federal Reserve's John Williams stated that financial markets have adapted well to the Fed's policy changes. This suggests stability in market reactions to monetary policy adjustments.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 3:54 pm

SPY

John Williams, President of the Federal Reserve Bank of New York, stated that the overall balance of risks in the economy is currently favorable. This suggests a stable economic outlook, which may influence investor sentiment positively.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 3:53 pm

LLY

NVO

Eli Lilly (NYSE:LLY) is taking legal action against compounding companies producing copycat versions of its weight-loss drugs, Mounjaro and Zepbound, following the FDA's resolution of a drug shortage. The FDA's decision has sparked controversy, with some arguing it favors special interests and could increase drug prices. Compounded drugs, while cheaper, pose safety risks as they lack regulatory review.

Portfolio Pulse from Vandana Singh

October 10, 2024 | 3:49 pm

SPY

Federal Reserve's John Williams emphasized the importance of reducing the government debt to GDP ratio in the future. This statement may influence market perceptions of fiscal policy and economic stability.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 3:43 pm

SPY

Federal Reserve's Barkin expressed optimism about inflation trends, indicating it is moving in the right direction. This statement may influence market sentiment and investor expectations regarding interest rates and economic stability.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 3:30 pm

MAT

Fisher-Price has recalled over 2 million Snuga Infant Swings due to a suffocation hazard, following reports of 5 deaths. The U.S. Consumer Product Safety Commission (CPSC) announced the recall, highlighting significant safety concerns.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 3:21 pm

MNTS

Momentus Inc (NASDAQ:MNTS) shares fell significantly on Thursday after a sharp rise on Wednesday due to a NASA contract announcement. The company faces delisting risks due to non-compliance with Nasdaq's minimum bid price and filing requirements.

Portfolio Pulse from Adam Eckert

October 10, 2024 | 2:58 pm