Streetbeat News

Regulatory

IRT

Independence Realty Trust Inc (IRT) has filed for a mixed shelf offering with the SEC, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:13 pm

MTB

M&T Bank has announced its plan to transition outstanding U.S. Dollar LIBOR-linked securities to CME Term SOFR as the replacement reference rate.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:07 pm

ADVM

Adverum Biotechnologies Inc has regained compliance with Nasdaq's minimum bid price requirement as of June 13.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:04 pm

SPY

Federal Reserve Chair Jerome Powell signaled a more measured approach to interest rate hikes during a press conference, causing the S&P 500 to recover losses. The Fed held rates steady at 5%-5.25% and projected a rise to 5.6% in 2023.

Portfolio Pulse from Piero Cingari

June 14, 2023 | 7:53 pm

SPY

Doubleline Capital's Gundlach warns that further Fed tightening could put regional banks at risk, and the stock market is showing signs of mania, similar to the lead-up to January 2022. He believes it's a stretch to call this a bull market.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:44 pm

SPY

Doubleline Capital's Jeffrey Gundlach warns that if the Federal Reserve follows its stated path, it may break something, potentially impacting the market.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:43 pm

SPY

Doubleline Capital's Jeffrey Gundlach predicts the Fed will cut rates if unemployment rises to forecast levels, stating that the Fed was too slow in raising interest rates. He also suggests that persistent weakness in oil prices indicates lower inflation ahead.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:43 pm

SPY

Doubleline Capital's Jeffrey Gundlach believes we could be at a turning point for inflation and that the Fed is overstating inflation risk. He also predicts the Fed will cut rates if the unemployment rate rises to their forecast.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:42 pm

SPY

Doubleline Capital's Jeffrey Gundlach believes the Fed's recent meeting was easy to predict and that they are making the reverse mistake they made a year and a half ago. He also finds it hard to identify a strong economic indicator.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:41 pm

SPY

Doubleline Capital's Jeffrey Gundlach believes the Fed's decision is a 'hawkish pause' and questions the Fed's talk about a strong economy. He doesn't think the Fed will continue to hike and says the US economy is not really that strong, with real economic indicators looking bad.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:40 pm