Streetbeat News

Regulatory

COIN

Coinbase shares dropped 12% after the SEC filed a lawsuit against the cryptocurrency exchange, alleging violations of securities laws. CNBC's Jim Cramer expressed surprise that the Justice Department has not pursued Binance, which is also facing legal issues with the SEC.

Portfolio Pulse from Shanthi Rexaline

June 07, 2023 | 12:42 pm

BA

Boeing Co (NYSE:BA) has delayed deliveries of its 787 Dreamliners due to a new defect found in the plane's horizontal stabilizer. The company is inspecting its jets in inventory and expects to fix the problem within a couple of weeks per plane. The FAA has been notified and will not permit the delivery of new Dreamliners until the issue is resolved.

Portfolio Pulse from Akanksha Bakshi

June 07, 2023 | 12:36 pm

LIXT

LIXTE Biotechnology and the Spanish Sarcoma Group have enrolled the first patient in a Phase 1b/2 randomized trial of doxorubicin +/- LIXTE's lead anti-cancer compound, LB-100, in advanced soft tissue sarcomas.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:36 pm

SPY

U.S. trade exports for April were reported at $249 billion, lower than the prior month's $256.2 billion.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:32 pm

SPY

Treasury Secretary Janet Yellen stated that additional crypto regulation would be appropriate and plans to work with Congress to pass new legislation. She also mentioned that the global minimum corporate tax agreement would prevent a race to the bottom.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:17 pm

SPY

Treasury Secretary Janet Yellen expressed support for US regulatory oversight over cryptocurrencies to protect consumers and investors, according to CNBC.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:15 pm

SPY

Treasury Secretary Janet Yellen stated that she sees strength in the diverse U.S. banking system and would not want it to be threatened. She also mentioned that it would not surprise her to see some bank consolidation.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:14 pm

SPY

Treasury Secretary Janet Yellen stated that the level of capital and liquidity in the US banking industry is strong, and US banks should be able to handle any strain.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:14 pm

SPY

Treasury Secretary Janet Yellen expressed concerns about potential issues in the commercial real estate sector and stated that banks are preparing for restructuring and difficulties ahead.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:13 pm

SPY

Treasury Secretary Yellen stated that the U.S. debt agreement will support the Federal Reserve's efforts to reduce inflation. She emphasized the need for revenue discussions and noted robust consumer spending growth, despite some areas of the economy slowing down.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:11 pm