Streetbeat News

Regulatory

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The Federal Reserve has raised the federal funds rate by 0.25% to 5.25%-5.5%, the highest level since February 2001. The decision was influenced by continued economic expansion, resilience of the U.S. banking system, and robust job market gains. The S&P 500 Index, Nasdaq 100 Index, and gold prices reacted with volatility to the news.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 6:10 pm

SPY

U.S. Senator McConnell's press remarks were interrupted due to an apparent health issue. The news may have implications on the broader market, potentially affecting the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:09 pm

SPY

The Federal Reserve has announced that the vote on its latest policy was unanimous.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 6:04 pm

SPY

The Federal Reserve has announced that its committee is strongly committed to returning inflation to its 2 percent objective.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 6:03 pm

SPY

The Federal Open Market Committee (FOMC) has released a statement indicating that the U.S. banking system is sound and resilient. However, it also warns that tighter credit conditions for households and businesses could negatively impact economic activity, hiring, and inflation.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:02 pm

SPY

The Federal Reserve has released a statement regarding its latest rate decision. The details of the decision were not provided in the prompt.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:00 pm

DIA

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SPY

The Federal Reserve has increased the key overnight interest rate by 25 basis points.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 6:00 pm

ETHUSD

On Tuesday, 6,234.45 Ether (ETH) worth $11,591,158 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and includes a variable base fee that is burned, permanently removing it from circulation. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -7.67%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:00 pm

EDBL

Edible Garden has received a Notice of Allowance for a U.S. patent titled 'Greenhouse Agriculture System'. The patent application can be found on the U.S. Patent and Trademark Office's website.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 5:40 pm

BNBUSD

Binance has withdrawn its application for a crypto license in Germany amid increasing regulatory challenges. The decision follows the refusal of German regulators to grant Binance a crypto custody license. The firm also recently exited the Netherlands due to failure to meet registration requirements and is under investigation in France. Binance is also facing accusations from the U.S. Securities and Exchange Commission and has recently laid off more than a third of its global workforce.

Portfolio Pulse from Jose Rodrigo Safdiye

July 26, 2023 | 5:35 pm