Streetbeat News

Regulatory

SPY

The U.S. Senate Committee has voted in majority to approve President Biden's nominee, Jefferson, for the position of Fed Vice Chair. The voting process is still ongoing.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:16 pm

GOOG

GOOGL

NFTG

Google Play has updated its policy to allow tokenized digital assets, including NFTs, in apps and games. This change could potentially increase the usage and popularity of NFTs.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:14 pm

SPY

The Federal Reserve's Beige Book reports that prices have increased at a modest pace overall, with several districts noting a slowing in the pace of increase. Price expectations for the next few months are generally stable or lower.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:09 pm

SPY

The Federal Reserve's Beige Book reports that employment has increased modestly, with most districts experiencing job growth. Labor demand remains healthy and wage increases are returning to or nearing pre-pandemic levels in multiple districts.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:09 pm

SPY

The Federal Reserve's Beige Book report indicates that overall economic activity has slightly increased since late May. The economic expectations for the coming months generally continue to call for slow growth.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:08 pm

EFTR

eFFECTOR Therapeutics has received a decision to grant a European patent for 'EIF4-A-INHIBITING COMPOUNDS AND METHODS RELATED THERETO (FOR TREATING CONDITIONS SUCH AS CANCER)'.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:07 pm

GD

SPY

TUR

President Biden has expressed confidence that the U.S. will be able to sell F16s to Turkey. This could potentially impact the stocks of General Dynamics (GD), SPDR S&P 500 ETF (SPY), and iShares MSCI Turkey ETF (TUR).

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:56 pm

SPY

President Biden has stated that Ukraine is currently facing a shortage of artillery shells and that the US is working on resolving this issue. However, he also mentioned that Ukraine will not be joining NATO anytime soon.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:55 pm

ACB

CGC

TLRY

A top GOP North Carolina lawmaker has indicated that the medical marijuana bill is likely to be shelved for the year, according to a Marijuana Moment report. This could potentially impact the performance of several US-listed companies in the cannabis sector.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:52 pm

AMZN

MSFT

TSLA

U.S. Senator Bernie Sanders, known for his criticism of the ultra-wealthy and large corporations, owns stakes in several mutual funds that hold positions in companies he has criticized, including Tesla, Amazon, and Microsoft. Sanders has been advocating for a ban on lawmakers buying and selling stocks and options. He has also proposed legislation that would impose additional taxes on stock trading.

Portfolio Pulse from Chris Katje

July 12, 2023 | 5:49 pm