Streetbeat News

Regulatory

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

GOOG

GOOGL

MSFT

Google has filed a complaint with the Federal Trade Commission (FTC) accusing Microsoft of anticompetitive practices in the cloud computing market. Google claims that Microsoft's licensing agreements restrict customers from using Google Cloud services.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:51 pm

SPY

Federal Reserve Bank of Dallas President Robert Kaplan expressed concerns over excessive bank consolidation, stating that it could lead to a lack of competition and increased systemic risk. He emphasized the need for a diverse banking system to support the economy.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:45 pm

SPY

Federal Reserve Governor Jefferson expressed concerns over excessive bank consolidation, stating that it could lead to a lack of competition and increased systemic risk.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:44 pm

BTCUSD

ETHUSD

KBE

KRE

SPY

XLF

Federal Reserve Chair Jerome Powell stated that the central bank would not support a Central Bank Digital Currency (CBDC) for individuals. If a CBDC were to be implemented, it would be intermediated by banks.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:40 pm

KBE

KRE

SPY

XLF

Federal Reserve Chair Jerome Powell stated that capital changes in the next year or two will not significantly impact the economy. He also mentioned that there is no conflict between reducing inflation and setting bank capital.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:37 pm

SPY

Federal Reserve Chair Jerome Powell stated that the US is on a journey to achieve price stability, but there is still a significant distance to cover, although progress is being made.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:34 pm

SPY

Fed Chair Powell stated that raising interest rates can be painful, but it slows demand and helps achieve price stability. The goal is to reach a low inflation level where people don't think about it.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:33 pm