Streetbeat News

Regulatory

ABNB

New York City has agreed not to enforce a law targeting Airbnb until September, according to Bloomberg. The law requires short-term rental platforms to share data about their listings with the city.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 3:26 pm

TSM

Taiwan Semiconductor Manufacturing Co (TSM) shares are trading higher following a report suggesting the U.S. will allow South Korean and Taiwan chip manufacturers to keep their operations in China.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 3:26 pm

SPY

Moody's states that the Federal Reserve is unlikely to signal a permanent pause in rate increases without clear evidence of a sustained decline in inflation and cooling demand in the U.S.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 3:05 pm

NYCB

Following the collapse of Signature Bank due to its investment in cryptocurrency, the FDIC transferred its deposits and assets to Signature Bridge Bank, N.A. This led to the federal government inadvertently funding the marijuana industry, as Signature Bank was servicing some regulated marijuana businesses. New York Community Bancorp (NYSE:NYCB) later acquired 40 former Signature Bank branches.

Portfolio Pulse from Nina Zdinjak

June 12, 2023 | 3:05 pm

BTCUSD

ETHUSD

SPY

SEC Chairman Gary Gensler stated that investors and issuers in the crypto securities markets deserve the same protections as those in traditional securities markets. He suggested that Congress could have limited securities laws to stocks and bonds in the 1930s, but did not.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 3:04 pm

SPY

Moody's predicts that if the FOMC leaves the federal funds rate unchanged, there will be hawkish forward guidance with a strong possibility of more rate hikes in the U.S.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 3:04 pm

SPY

U.S. Senators will receive a briefing on artificial intelligence (AI) on Tuesday afternoon, according to Bloomberg. The SPY ETF may be mentioned in the article.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 2:59 pm

AAPL

FXI

Apple's new $3,499 AR headset, Apple Vision Pro, may face trademark issues in China as the name 'Vision Pro' was registered by Huawei Technologies in 2021. This could lead to legal action against Apple for trademark infringement.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 2:32 pm

SPY

U.S. Senator Blumenthal has opened a probe into the PGA Tour and LIV Golf agreement, according to a statement cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 2:21 pm

HKMPF

PFE

TEVA

The FDA is seeking new suppliers for methotrexate, a cancer drug in short supply since March, due to disruptions in supply from India-based manufacturer Intas Pharmaceuticals. Suppliers facing shortages include Accord Healthcare, Fresenius Kabi, Pfizer Inc, Teva Pharmaceutical Industries Ltd, and Hikma Pharmaceuticals.

Portfolio Pulse from Vandana Singh

June 12, 2023 | 2:16 pm