Streetbeat News

Regulatory

SPY

In a CNBC interview, Fed's Harker stated that he expects an eventual slowdown in the economy and a decrease in inflation. He believes that the Federal Reserve has done enough with policy and that the current restrictive policy stance should help lower inflation.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:12 pm

SPY

In a CNBC interview, Fed's Harker stated that there is a clear tightening of credit, but it is unclear how much this will impact the economy. He also mentioned that he is not concerned about the rise in market yields and is closely watching it. He noted that low-income consumers are slowing down.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:10 pm

SPY

Federal Reserve's Harker has stated that the Fed will need to keep rates restrictive for a while due to an uptick in labor productivity. This could potentially impact the overall market and ETFs like SPY.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:10 pm

SPY

In a CNBC interview, Federal Reserve's Harker stated that the central bank should maintain its restrictive stance for a while. This could potentially impact the overall market and ETFs like SPY.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:09 pm

SPY

VGK

The U.S. Treasury Department has imposed new Russia-related sanctions, according to its website. The specific details of the sanctions and the entities they target have not been disclosed.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:07 pm

USO

According to Reuters, citing Citi, OPEC may need to cut production again as its fragile members recover. This could potentially impact the price of oil and related assets.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 1:56 pm

CRKN

Crown Electrokinetics has provided a Q2 business update, stating that they are investigating suspected unlawful trading practices in their stock. The company intends to use all available remedies to identify those who may be engaging in such practices.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:31 pm

BIMI

BIMI International Medical has received a notification from Nasdaq about its non-compliance with Listing Rule 5250(c)(1).

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:27 pm

IXHL

Incannex Healthcare Limited's subsidiary, Psychennex Pty Ltd, has begun preparations for an investigational new drug (IND) application to the U.S. FDA for its psilocybin assisted psychotherapy development program, Psi-GAD. The IND application is a key regulatory approval required to undertake clinical trials in the U.S. The company expects final clinical trial results from the Psi-GAD clinical trial in Q4 2023 or Q1 2024. The IND submission will include detailed modules on the safety and efficacy of psilocybin assisted psychotherapy across a range of mental health indications.

Portfolio Pulse from Vuk Zdinjak

August 24, 2023 | 1:15 pm

IDAI

Trust Stamp (NASDAQ:IDAI) is considering measures to address potential illegal short selling of its stock, which it believes may have artificially depressed its stock price. The company's board will consider options including the engagement of forensic experts and working with other listed companies that have identified similar trading activity. The SEC has placed the stock on the 'Threshold List' due to failures to deliver, which can be indicative of naked shorting.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 1:14 pm