Streetbeat News

Regulatory

SPY

The Federal Reserve's May Beige Book highlights a freight recession, persistent job tightness, and sticky inflation. The transportation services industry and commercial real estate sector face significant challenges, while the labor market remains robust and inflation continues to rise at a slower pace.

Portfolio Pulse from Piero Cingari

May 31, 2023 | 6:30 pm

INTC

Global chipmaking consortium ISMC's $3 billion plan to set up a semiconductor manufacturing facility in India has stalled as its technology partner, Tower Semiconductor, awaits a deal with Intel.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 6:11 pm

SPY

South Carolina Governor McMaster announced that troops will be sent to Texas to help secure the southern border.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 6:05 pm

SPY

The Federal Reserve's Beige Book reports that prices rose moderately over the reporting period, but the rate of increase slowed in many districts. The labor market has also cooled in some areas.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 6:03 pm

BA

Boeing's 737 Max 7 certification is taking a considerable amount of time, with the company stating it is down to a handful of documents needed for the FAA to complete the certification. The certification is still expected in 2023.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 5:52 pm

SPY

Federal Reserve Bank of Philadelphia President Patrick Harker stated that he is not seeing a credit crunch but rather a credit squeeze following Silicon Valley Bank's actions. This may impact the overall market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 5:50 pm

AMZN

The Federal Trade Commission (FTC) has filed a lawsuit against Amazon's Ring, alleging that the company's security practices are inadequate and put consumers at risk.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 5:43 pm

TENX

Tenax Therapeutics received a Notice of Allowance from the USPTO for its patent application covering the use of TNX-103 in pulmonary hypertension with heart failure with preserved ejection fraction. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 5:43 pm

SPY

Federal Reserve Bank of Philadelphia President Patrick Harker stated that the Fed's next move would be a 'skip' rather than a 'pause', indicating that they may not hold at the current position for an extended period.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 5:40 pm

SPY

Federal Reserve's Harker suggests that the Fed could 'skip' a meeting, stating that upcoming data may change his mind. He believes a pause in meetings could be beneficial.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 5:39 pm