Streetbeat News

Regulatory

EWY

SPY

The U.S. Treasury has imposed new sanctions on North Korea, potentially affecting the South Korean ETF (EWY) and the S&P 500 ETF (SPY).

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:12 pm

BABA

JD

NIO

PDD

Chinese stocks are trading higher following China's central bank decision to cut the borrowing cost of its medium-term policy loans.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 2:11 pm

FEZ

FXE

The European Central Bank (ECB) has increased its key interest rates by 0.25% to combat inflation, resulting in the highest borrowing costs in over two decades. The euro strengthened against the dollar, while European equities slightly weakened.

Portfolio Pulse from Piero Cingari

June 15, 2023 | 2:06 pm

AAPL

AI

MSFT

NVDA

QQQ

SPY

TSLA

Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, TSLA, MSFT, NVDA, and AI, providing price levels and potential breakouts or reversals. The Federal Reserve maintained interest rates, but the dot plot indicated a shift towards hawkishness in 2023.

Portfolio Pulse from RIPS

June 15, 2023 | 2:05 pm

HSBC

NVDA

SCBFY

WMT

XPEV

Walmart's CFO expects Flipkart and PhonePe to reach $100 billion in value, driving the company's foreign market sales. XPeng launches self-driving tech in China, rivaling Tesla. Nvidia receives significant orders from ByteDance and Alibaba for its GPUs. Hong Kong regulator pressures HSBC and Standard Chartered to take on crypto clients.

Portfolio Pulse from Vandana Singh

June 15, 2023 | 1:47 pm

SPY

Federal Reserve Chair Jerome Powell is set to testify at the Senate Banking Panel on June 22, which may provide insights into the central bank's monetary policy and economic outlook.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 1:38 pm

ALLO

Allogene Therapeutics presented updated data from the Phase 1 ALPHA/ALPHA2 trials of ALLO-501/501A in 33 CAR T naïve patients with relapsed/refractory large B-cell lymphoma at the International Conference on Malignant Lymphoma. The results indicate that off-the-shelf allogeneic CAR T can potentially deliver durable complete responses comparable to autologous CAR T therapies. Potentially pivotal Phase 2 ALPHA2 trials are ongoing in the U.S., with sites in Europe, Canada, and Australia expected to enroll during 2023.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 1:30 pm

EPOW

Sunrise New Energy (NASDAQ:EPOW) has been granted five patents by the China National Intellectual Property Administration for technological advancements in silicon anode manufacturing. These patents strengthen the company's intellectual property portfolio and position it as a leader in next-generation lithium-ion battery technology.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 1:25 pm

LTRY

Lottery.com, Inc. (NASDAQ:LTRY) has returned to trading on the Nasdaq Stock Market after a period of consultation with Nasdaq. The company's securities were reinstated for trading on the Exchange effective with the market open on Monday, June 12, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 1:22 pm

SPY

USA manufacturing production for May increased by 0.1%, beating the estimated -0.1% and showing an improvement from the prior 0.9%.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 1:19 pm