Streetbeat News

Regulatory

AMZN

Amazon shares are trading higher following bullish commentary from Loop Capital. The EU is also set to open a probe into Amazon's iRobot deal.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 3:05 pm

TFX

Teleflex Incorporated (NYSE:TFX) has announced a global recall of Rüsch Endotracheal Tube products due to reports of disconnection of the 15mm connector from the endotracheal tube. The recall affects all batches manufactured between January 2018 and April 24, 2023. Teleflex received 189 complaints regarding connector issues, including reports of injuries and deaths.

Portfolio Pulse from Vandana Singh

June 22, 2023 | 3:00 pm

BLK

DB

CACEIS, a joint asset servicing division of Crédit Agricole and Santander, has been approved by French regulators to offer cryptocurrency custody services. This comes as the European Union prepares to enforce new cryptocurrency licensing regulations, MiCA, in 2024.

Portfolio Pulse from Murtuza Merchant

June 22, 2023 | 2:59 pm

SIVBQ

Fed Chair Powell stated that supervisory failures regarding SVB were at the board level, not just at the SF Fed, and there was no malfeasance or rule-breaking by public servants in supervising SVB.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:57 pm

SPY

Federal Reserve Chair Jerome Powell stated that any further increases in capital requirements for large banks would need to be justified, potentially easing concerns about stricter regulations.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:53 pm

SDC

SmileDirectClub (NASDAQ:SDC) has settled a dispute with the Office of District of Columbia Attorney General Brian L. Schwalb, resolving litigation over allegations that the company stifled consumer reviews by requiring a confidentiality clause for prorated refunds. SmileDirectClub does not require customers to sign a non-disclosure agreement before or during treatment.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:52 pm

SPY

Fed Chair Powell stated that the goal is to get inflation under control with minimal damage to the labor market and economy.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:51 pm

SPY

Fed Chair Powell expects the unemployment rate to rise slightly, but hopes most labor market loosening will occur in other ways. He believes there is a path to a soft landing.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:50 pm

KBE

KRE

SPY

XLF

Federal Reserve Chair Jerome Powell announced that the Fed may raise capital requirements for big banks by 20%, potentially affecting the financial sector and related ETFs.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:47 pm

SPY

Federal Reserve Chair Jerome Powell stated that there is no consensus agreement on the time it takes for monetary policy to impact the economy, but suggested that a year and change is a reasonable estimate.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:36 pm