Streetbeat News

Regulatory

CORN

SOYB

SPY

VGK

WEAT

Russian President Vladimir Putin announced that Russia is ready to supply grain for free to the poorest countries, potentially affecting the prices of grain-related ETFs.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 3:43 pm

SPY

VGK

WEAT

Russian President Vladimir Putin announced that Russia is considering withdrawing from the grain deal, potentially impacting global grain markets.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 3:41 pm

RGTI

Rigetti Computing has been granted a U.S. patent for 'Parametrically activated quantum logic gates', which could potentially advance the development of quantum computing technology.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 3:36 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares are trading higher by 5.64% to $14.79 following a softer-than-expected CPI report, which showed slowing inflation in May. Lower interest rates can stimulate borrowing and make auto loans more affordable, potentially driving up car sales.

Portfolio Pulse from Henry Khederian

June 13, 2023 | 3:36 pm

ABOS

Acumen Pharmaceuticals announced it will present topline results from a Phase 1 trial of its Alzheimer's drug candidate ACI193 at the Alzheimer's Association International Conference in July, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 3:33 pm

SPY

VGK

Russian President Vladimir Putin stated that Russia will use weapons with depleted uranium if necessary, potentially escalating geopolitical tensions.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 3:28 pm

SPY

The inflation rate dropped to 4% YoY in May, lower than the 4.1% forecast, while core inflation came in at 5.3% YoY. The SPDR S&P 500 ETF Trust (NYSE:SPY) hit 13-month highs as risky assets reacted positively to the CPI report. Five economists speculate on the Federal Reserve's next move.

Portfolio Pulse from Piero Cingari

June 13, 2023 | 3:19 pm

SPY

VGK

NATO Secretary Stoltenberg announced that Ukraine has launched its offensive and is making advances, gaining ground. SPY and VGK ETFs may be impacted by the news.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 3:18 pm

SPY

The U.S. Environmental Protection Agency (EPA) will release biofuel blending mandates for 2023-2025 by June 21, following a delay, according to a court filing.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 3:15 pm

XOM

Exxon Mobil Corp (XOM) shares are trading higher by 1.12% to $107.61 during Tuesday's session. The increase is attributed to China's central bank cutting its seven-day reverse repurchase rate and May CPI data showing slowing U.S. inflation. The People's Bank of China (PBOC) reduced a key short-term lending rate for the first time in 10 months to support the post-pandemic rebound.

Portfolio Pulse from Henry Khederian

June 13, 2023 | 3:14 pm