Streetbeat News

Regulatory

SPY

The House Freedom Caucus held a press conference on the proposed debt limit deal, which could impact the US economy and financial markets.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 4:05 pm

SPY

Republican Representative Ralph Norman announced he will vote against the debt ceiling bill in committee if it is not amended. This could create uncertainty in the market and potentially impact the SPY ETF.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 3:59 pm

MNMD

The proxy battle between MindMed (NASDAQ: MNMD) and shareholder group FCM MM Holdings LLC intensifies as both sides seek validation from independent sources for their positions on the company's future. FCM criticizes MindMed's budget allocations, executive compensation, and management experience, while MindMed claims to be well-positioned for growth.

Portfolio Pulse from Lara Goldstein

May 30, 2023 | 3:51 pm

FXI

INDA

China and India have expelled nearly all of each other's journalists as tensions between the two countries escalate. This move could impact the flow of information and increase geopolitical risks.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 3:50 pm

HPQ

The International Imaging Technology Council (IITC) has filed a complaint with the Global Electronics Council against HP for false Electronic Product Environmental Assessment Tool (EPEAT) certification.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 3:28 pm

SPY

VGK

The White House has commented on recent drone attacks in Moscow, stating that they do not support attacks inside Russia. This follows a series of drone attacks targeting the Russian capital.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 3:22 pm

AAPL

BTCUSD

GOOG

GOOGL

META

President Biden and House Speaker McCarthy agreed on a budget deal, raising hopes of avoiding a debt default. Paul Krugman criticized Florida Governor DeSantis for his stance against CBDCs. Apple and Meta are expected to face off in the mixed-reality headset market. Bitcoin may hit a new all-time high, according to a crypto trader. Turkish President Erdogan won the runoff election.

Portfolio Pulse from Shanthi Rexaline

May 30, 2023 | 2:59 pm

QQQ

SPY

Major indices rose following a tentative debt ceiling agreement between the Biden administration and Republicans. NVIDIA reached a $1 trillion market cap, boosting other tech stocks.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 2:38 pm

JAZZ

The FDA held a virtual panel discussing a potential framework for regulating CBD and hemp-derived products, reaffirming that Congress is in charge. The panel addressed the challenges of regulating CBD and the FDA's intention to work on a harm reduction approach. The legal status of hemp and the approval of Jazz Pharmaceuticals' Epidiolex add complexity to the regulation of CBD products.

Portfolio Pulse from Nina Zdinjak

May 30, 2023 | 2:20 pm

RXT

Rackspace Technology (NASDAQ:RXT) has been awarded a new Cloud Cooperative Services contract by the Texas Department of Information Resources (DIR). The contract streamlines the procurement process and accelerates the delivery of services for Rackspace Technology.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 2:11 pm