Streetbeat News

Regulatory

SPY

Treasury Secretary Janet Yellen testified before Congress on the international financial system, discussing topics such as global economic recovery, inflation, and monetary policy.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 2:12 pm

SPY

VGK

Russian President Vladimir Putin stated that the goals of the special military operation in Ukraine will not change in general terms, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:48 pm

BABA

JD

PDD

Chinese stocks are trading higher following China's central bank cutting its seven-day reverse repurchase rate.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:46 pm

DIA

IWM

QQQ

SPY

Major indices are higher following a softer-than-expected CPI report, which showed slowing inflation in May.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:39 pm

SPY

President Biden stated that Tuesday's inflation data is good news for U.S. working families, but there is more work to be done, according to a Reuters statement.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:39 pm

GOOG

GOOGL

EU antitrust regulators are considering a breakup of Alphabet Inc's Google ad-tech business as part of a new antitrust complaint. This follows an investigation launched in 2021 and could result in Google divesting certain portions of its ad-tech business. Google's ad-tech business accounted for nearly 14% of the company's $54.5 billion in advertising revenue in Q1.

Portfolio Pulse from Vandana Singh

June 13, 2023 | 1:34 pm

GERN

Geron announced the first patient dosed in an investigator-led Phase 2 IMpress trial evaluating imetelstat in patients with relapsed/refractory acute myeloid leukemia (AML) and higher risk myelodysplastic syndromes (MDS). Pre-clinical data showed imetelstat prevented expansion of human AML leukemic stem cells and prolonged survival of mice.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:03 pm

LIVN

LivaNova announced the 150th bipolar depression patient has been randomized in the RECOVER clinical study, assessing the safety and effectiveness of VNS Therapy System. The study aims to offer another treatment option for patients with treatment-resistant depression.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:01 pm

SPIKE

UVXY

The Volatility S&P 500 Index (VIX) surged over 8% on Monday ahead of the Federal Reserve's interest rate decision on June 14. The move is tracked by the ProShares Ultra VIX Short Term Futures ETF (UVXY) and other tickers. Traders can use MIAX's SPIKES Volatility products to play potential volatility in the stock market.

Portfolio Pulse from Melanie Schaffer

June 13, 2023 | 12:58 pm

GLD

SPY

UUP

May's inflation rate dipped to 4% YoY, lower than the expected 4.1%, raising hopes for a pause in Fed rate hikes. The dollar fell, while S&P 500 futures and gold prices rose following the news.

Portfolio Pulse from Piero Cingari

June 13, 2023 | 12:50 pm