Streetbeat News

Regulatory

SPY

The U.S. Senate has voted to sustain President Biden's veto of a bill that aimed to stop new EPA limits on heavy-duty truck emissions. This decision supports the Biden administration's efforts to combat climate change and reduce pollution.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 4:32 pm

CCL

DIS

NCLH

RCL

Four major cruise lines, Carnival Cruise Line, Norwegian Cruise Line, Disney Cruise, and Royal Caribbean, have revealed their policies on medical marijuana and CBD, stating that they are prohibited on board their ships and in the destinations they visit, regardless of local laws.

Portfolio Pulse from Nina Zdinjak

June 21, 2023 | 4:28 pm

SPY

Fed Chair Jerome Powell told Congress that the Federal Reserve remains focused on its 2% inflation goal despite pausing interest rate hikes in June. Investors now place a 79% probability on a 25-basis-point rate rise in July. Powell also discussed capital requirements, the dollar, climate change, and central bank digital currency.

Portfolio Pulse from Piero Cingari

June 21, 2023 | 4:28 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed views maximum employment as a broad and inclusive goal, but lacks the tools to address distribution and historical inequities. This statement was made during a recent event.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 4:26 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the U.S. dollar remains the dominant reserve currency, as no other economy possesses the same features. This statement comes amid concerns about the dollar's status due to rising inflation and competition from digital currencies.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 4:22 pm

BLK

BTCUSD

BlackRock has submitted a request for the first-ever Bitcoin ETF in the US, signaling a shift towards mainstream adoption of cryptocurrency. Bitcoin has shown a strong recovery from its low of $15,479 in November 2022, increasing by 79% since then.

Portfolio Pulse from Zaheer Anwari

June 21, 2023 | 4:12 pm

SPY

The U.S. Senate has enough votes to sustain President Biden's veto of a bill that would overturn the EPA's heavy-duty truck emissions rule. Voting continues.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 4:10 pm

TAYD

Taylor Devices, Inc. (TAYD) has received ICC approval for its innovative Taylor Damped Moment Frame (TDMF) building design method, which simplifies the incorporation of fluid dampers in new buildings in earthquake zones. The new method is expected to bolster sales and contribute to the company's growth.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 4:02 pm

UCAR

U Power Limited shares are trading higher after China announced tax breaks for electric vehicles (EVs) and green energy vehicles.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 4:01 pm