Streetbeat News

Regulatory

SPY

Federal Reserve's Kashkari expressed confidence that a reduction in new rents indicates a decrease in housing inflation, and he does not see signs of resurgent inflation.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:04 pm

SPY

Federal Reserve's Kashkari indicates a shift in economic risks from higher inflation to potential higher unemployment, while affirming the resilience of the US economy.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:01 pm

BABA

MCHI

SPY

TCEHY

Chinese stocks have surged, with the MSCI China Index outperforming the S&P 500 due to policy stimulus. The iShares MSCI China ETF (MCHI) rose over 35% from Sept. 24 to Oct. 7. Major Chinese companies like Alibaba and Tencent saw significant gains. Analysts advise caution, suggesting potential pullbacks but also long-term opportunities in certain sectors.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 5:49 pm

AAPL

ARCH

BX

CSIQ

CVX

GOOG

GOOGL

GS

JPM

MS

MSFT

TSLA

WFC

XOM

The 2024 election between Kamala Harris and Donald Trump could impact financial and energy stocks similarly to the 2016 election. Trump's 2016 win boosted financial and fossil fuel stocks, while tech and clean energy stocks declined. A Trump victory in 2024 might repeat these trends.

Portfolio Pulse from Hayden Buckfire

October 07, 2024 | 5:44 pm

DARE

PFE

PRGO

TEVA

The Georgia Supreme Court has reinstated an abortion ban that was previously blocked by a lower court. This decision may have implications for companies involved in healthcare and pharmaceuticals.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:20 pm

DIS

Disney shares are declining as Florida faces evacuation orders due to the approaching Category 5 Hurricane Milton. The state is still recovering from previous hurricane damage.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:15 pm

EIS

ISRA

The Israeli military has restricted access to areas around several towns in Northern Israel following a security assessment. This move could impact regional stability and related financial markets.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:03 pm

SPY

Hurricane Milton has rapidly intensified into a Category 5 storm, prompting President Biden to declare a state of emergency in Florida. This development could have significant economic impacts, particularly in sectors like insurance, construction, and retail, as the state braces for potential damage and recovery efforts.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 4:51 pm

FSM

Fortuna Mining Corp. has confirmed that the Burkina Faso government has no plans to withdraw existing mining permits, ensuring the continued operation of its Yaramoko Mine. The mine is compliant with local laws and contributes significantly to Fortuna's gold production.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 4:41 pm

HOOD

Donald Trump is considering Dan Gallagher, Robinhood's Chief Legal Officer, for SEC Chair if re-elected. Gallagher, a former SEC commissioner, is known for his political acumen and has been critical of current SEC crypto regulations. This move highlights the revolving door between government and industry.

Portfolio Pulse from Ivan Crnogatić

October 07, 2024 | 4:31 pm