Streetbeat News

Regulatory

LI

NIO

TSLA

XPEV

The European Union is set to impose tariffs of up to 45% on Chinese-made electric vehicles for the next five years, aiming to protect European carmakers from rising competition. This decision comes despite concerns about potential retaliation from China.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:56 pm

SPY

In a Yahoo Finance interview, Fed's Goolsbee discussed how external shocks have historically disrupted attempts at achieving a soft landing in the economy. This highlights the challenges faced by the Federal Reserve in managing economic stability.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:37 pm

SPY

Federal Reserve's Goolsbee indicates a shift from focusing solely on cutting inflation to a more balanced approach. Discussions will be held on the appropriate rate to settle on.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:36 pm

SPY

In a Yahoo Finance interview, Fed's Goolsbee suggested that if current conditions persist, the policy rate could be significantly lower by the end of 2025. He emphasized the importance of upcoming data before the next Fed meetings and aims to maintain current inflation and unemployment levels.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:36 pm

SPY

In a Yahoo Finance interview, Fed's Goolsbee supports Powell's message on balanced risks, suggesting it is a wise approach to current economic conditions.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:32 pm

SPY

In a Yahoo Finance interview, Fed's Goolsbee emphasized not to overreact to individual monthly reports, suggesting that consistent reports would indicate the labor market is on track. This implies a steady economic outlook without immediate drastic changes.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:30 pm

SAVE

Spirit Airlines (NYSE:SAVE) is considering filing for bankruptcy after a blocked merger with JetBlue and ongoing financial losses. The company is in talks with bondholders and creditors for Chapter 11 support, and has been reducing operations significantly.

Portfolio Pulse from Dylan Berman

October 04, 2024 | 2:21 pm

LLY

NVO

NHS England is considering a phased rollout of Eli Lilly's weight-loss drug Mounjaro (tirzepatide) to improve patient outcomes. The drug has shown significant weight loss results in trials. The plan includes integrating the drug into community services and digital platforms, targeting up to 240,000 people over three years.

Portfolio Pulse from Vandana Singh

October 04, 2024 | 2:19 pm

SPY

In a Bloomberg TV interview, Fed's Goolsbee stated that the Federal Reserve is not yet at the point of determining the neutral rate and has time to decide on the policy rate's settling point.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:13 pm