Streetbeat News

Regulatory

SPY

White House Budget Director Young urges Congress to pass the U.S. debt ceiling deal, which could impact the financial markets.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 7:22 pm

SPY

U.S. Senate Majority Leader Chuck Schumer announced his support for a debt limit deal, potentially averting a government default.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 7:21 pm

SPY

U.S. Treasury's Adeyemo stated in an MSNBC interview that the debt ceiling deal is a 'good faith' compromise, preventing a debt default. Congress must act by June 5 to raise the federal debt ceiling.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 7:19 pm

SOFI

SoFi Technologies (NASDAQ:SOFI) stock is surging due to a tentative debt limit agreement that could reinstate student loan payments and interest accrual by the end of August. The deal would also suspend the debt limit until early 2025.

Portfolio Pulse from Ryan Gustafson

May 30, 2023 | 7:14 pm

SPY

U.S. House Democratic Leader Jeffries expects at least 150 Republican votes for the debt limit bill, potentially averting a government default.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 6:49 pm

SPY

U.S. House Democratic Leader Jeffries stated that House Democrats will work towards the passage of the debt limit bill and expects no issues in advancing the bill through the House Rules Committee.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 6:48 pm

COIN

The SEC has announced that a former Coinbase manager and his brother have agreed to settle insider trading charges related to crypto asset securities. The case involved the trading of Bitcoin and Ethereum.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 6:15 pm

MA

The Federal Trade Commission (FTC) has approved a final order requiring Mastercard to stop blocking the use of competing debit payment networks. This decision aims to promote competition and prevent Mastercard from engaging in anti-competitive practices.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 6:12 pm

SPY

House Speaker McCarthy expressed confidence that the debt ceiling bill will pass the House, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 6:07 pm

SPY

Federal Reserve's Barkin stated that it would be shocking if rates fell to zero in a future recession, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 6:00 pm