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Several companies are in the news for various reasons. Microsoft has been experiencing cyberattacks from a group linked to Russia. Samsung is gearing up for 2-nanometer chip production, intensifying rivalry with TSMC and Intel. BlackRock owns over 7% of Nvidia stock, capitalizing on the AI surge. Russian oil company Roszarubezhneft seeks control of Venezuelan oil exports amid US sanctions. SAP CEO is bullish on AI. Google plans to downsize the workforce at Waze. Overstock's bid for Bed Bath & Beyond assets receives US judge approval. UK watchdog rules against Hyundai and Toyota over misleading EV charging speed ads. Stellantis launches Free2move charging service for EV users. Chip stocks Nvidia and AMD fall on reports of US adopting stricter stance over China. Spirit AeroSystems and workers union agree on new contract proposal. General Dynamics bags US Army contract to build combat vehicles. General Mills shares fall after mixed Q4 results. Nissan reveals executive committee changes. United CEO blames FAA as storms force more flight cancellations. Hong Kong company takes first AI-generated drug candidate to clinic targeting chronic lung disease.

Portfolio Pulse from Vandana Singh

June 28, 2023 | 1:59 pm

SPY

Federal Reserve Chair Jerome Powell has stated that there is a significant probability of an economic downturn, but it is not the most likely scenario.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 1:59 pm

VGK

European Central Bank's (ECB) President Christine Lagarde has stated that the bank is not considering a pause on rates at the moment. This statement could influence the performance of European stocks, including those in the Vanguard FTSE Europe ETF (VGK).

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 1:56 pm

NVDA

SOXS

Shares of Direxion Daily Semiconductor Bear 3X Shares (SOXS) are trading higher by 4.70% amid reports of the U.S. planning to revise its export controls on AI chips to limit China's access to advanced technologies with military applications. The Biden administration is considering new restrictions on AI chip exports to China and other countries of concern, which may require a license for chip shipments made by companies like NVIDIA Corp.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 1:56 pm

SPY

Federal Reserve Chair Jerome Powell has indicated that more softening in the labor market is needed. This statement could potentially influence the overall market sentiment.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 1:56 pm

SPY

Federal Reserve Chair Jerome Powell has indicated that significant disinflation is expected due to the impact on rents, but it will take time for this to materialize.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 1:55 pm

SPY

VGK

Russia's Foreign Minister has announced that Moscow is in contact with the U.S. regarding the work of embassies, as reported by Reuters citing RIA. The news may have implications for the broader market and European stocks.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 1:52 pm

VGK

European Central Bank's President, Christine Lagarde, has stated that she does not see enough tangible evidence of falling underlying inflation. This statement could influence the bank's future monetary policy decisions.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 1:49 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that he would not rule out the possibility of the Fed making moves at consecutive meetings. This statement comes amidst ongoing speculation about the future direction of U.S. monetary policy.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 1:46 pm

USDTUSD

Stablecoin issuer Tether (CRYPTO: USDT) has partnered with the Government of Georgia to develop the country's blockchain ecosystem. The collaboration aims to attract global investments and stimulate the growth of blockchain start-ups in Georgia. Tether plans to set up a specialized fund to support local start-ups in the development of blockchain technologies. The partnership also includes cooperation in the educational field and the establishment of a robust and independent communication and financial system.

Portfolio Pulse from Murtuza Merchant

June 28, 2023 | 1:45 pm