Streetbeat News

Regulatory

ETCUSD

Ethereum Classic (ETC) is trading lower by 7.30% amid broader weakness across cryptocurrencies due to the SEC suing Binance over U.S. securities violations. Binance is the largest cryptocurrency exchange in the world by trading volume.

Portfolio Pulse from Henry Khederian

June 05, 2023 | 6:57 pm

SPY

President Biden announced that the bipartisan budget agreement will reduce the US deficit by over $1T in the next 10 years, in addition to the $1.7T in deficit reduction achieved during his first two years in office.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 6:38 pm

BNBUSD

BTCUSD

COIN

ETHUSD

The SEC's lawsuit against Binance and its founder Changpeng Zhao caused a significant downturn in the cryptocurrency market, with Bitcoin, Ethereum, and BNB experiencing drops. Coinbase shares also declined by 10.3%. The lawsuit asserts that several cryptocurrencies, including Solana, BNB, Polygon's native token, and Cardano's native token, are securities, potentially impacting their liquidity and price.

Portfolio Pulse from Murtuza Merchant

June 05, 2023 | 6:30 pm

FXI

SPY

The White House has reported progress in opening up communications with China, potentially signaling improved relations between the two countries.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 6:25 pm

GRTX

Galera Therapeutics presented positive data from its Phase 3 ROMAN trial for chronic kidney disease at the 2023 ASCO Annual Meeting. The results show promise for the company's drug candidate.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 6:20 pm

SPY

The U.S. Retail Group has urged the White House to intervene in the ongoing West Coast port labor negotiations, as reported by Reuters. The situation may impact supply chains and affect businesses.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 6:18 pm

SPY

Amtrak is seeking $7.3 billion in government funding for infrastructure projects and service expansion in the key East Coast Corridor, according to a Reuters statement.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 6:17 pm

FXI

SPY

The White House reports an increasing level of aggressiveness by China's military, stating that the U.S. is prepared to address the growing aggressiveness.

Portfolio Pulse from Charles Gross

June 05, 2023 | 6:16 pm

SPY

An IMF official warns that AI could cause 'substantial disruptions' in job markets, potentially affecting stock prices of companies heavily invested in AI technology.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 6:03 pm

SHIBUSD

Shiba Inu (SHIB) is down 6.46% amid overall cryptocurrency market weakness, following the SEC's lawsuit against Binance for alleged U.S. securities violations. Binance is the largest cryptocurrency exchange in the world by trading volume.

Portfolio Pulse from Henry Khederian

June 05, 2023 | 6:03 pm