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American Airlines raises Q2 guidance, BioRestorative Therapies gets a license from NY Health Department, BP shares fall due to oil price drop, Salesforce to report Q1 earnings, and SoFi Technologies gains on US debt limit bill progress.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 1:02 pm

OMF

The Consumer Financial Protection Bureau (CFPB) has accused OneMain Financial (OMF) of pushing employees to hit sales targets and illegally withholding refunds. The CFPB is seeking penalties and restitution for affected customers.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:56 pm

TENX

Tenax Therapeutics has been granted a Notice of Allowance for a U.S. patent titled 'Levosimendan for Treating Pulmonary Hypertension with Heart Failure with Preserved Ejection Fraction (PH-HFpEF).'

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:55 pm

SPY

Federal Reserve Governor Michelle Bowman stated that the pandemic-related surge in homebuilding and renovation has moderated, but it is crucial to understand the long-term impact on family formation and housing demand.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:53 pm

SPY

Fed's Bowman states that residential real estate is rebounding, which has implications for the US Central Bank's inflation battle. Lowered rents will eventually be reflected in inflation data, while home prices are leveling out.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:52 pm

SPY

The SPDR S&P 500 (NYSE:SPY) briefly surpassed heavy resistance at $420.76 on Tuesday but closed lower, forming a bearish hanging man candlestick. The stock market may retrace on Wednesday ahead of the House vote on the debt ceiling deal. Traders can use MIAX's SPIKES Volatility products to trade the expected volatility.

Portfolio Pulse from Melanie Schaffer

May 31, 2023 | 12:50 pm

BTCUSD

Saifedean Ammous, author of 'The Bitcoin Standard', has been appointed as an economic advisor to El Salvador's National Bitcoin Office (ONBTC). Ammous envisions El Salvador becoming debt-free within five to ten years due to the government's adoption of Bitcoin and crypto-based initiatives.

Portfolio Pulse from Mehab Qureshi

May 31, 2023 | 12:45 pm

UUP

The US dollar has reached a 10-week peak due to progress on the debt ceiling deal and expectations of Federal Reserve interest rate hikes. The Invesco DB USD Index Bullish Fund ETF (UUP) has gained almost 3% in May, marking its strongest monthly performance since September 2022.

Portfolio Pulse from Piero Cingari

May 31, 2023 | 12:39 pm

MBOT

Microbot Medical Inc. (NASDAQ:MBOT) achieved an additional milestone with its LIBERTY Robotic Surgical System, as medical professionals experienced the system in a formative study. The study validated the system's operation and setup as intuitive, receiving high subjective grading from physicians and technicians.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 12:36 pm

IDAI

Trust Stamp has received a Notice of Allowance for a new US patent related to identity authentication via control of third-party accounts. The patent will strengthen Trust Stamp's position in the identity authentication market.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:35 pm