Streetbeat News

Regulatory

SPY

Fed's Collins suggests a pause on rate action to give the central bank space to measure impact, while watching a wide array of data for the next rate move. Banking sector stress is likely to weigh on demand.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 2:33 pm

SPY

Federal Reserve's Collins suggests that the U.S. central bank may be at or near the time to pause interest rate hikes, citing high inflation but seeing 'promising' signs of moderation.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 2:31 pm

SHFS

Lighthouse Biz Solutions, a subsidiary of GFA Federal Credit Union, has become the first east coast financial institution to be certified for outstanding U.S. monetary banking protocols in cannabis and hemp operations. The certification is part of a program overseen by the Policy Center for Public Health & Safety and endorsed by Safe Harbor Financial (NASDAQ:SHFS).

Portfolio Pulse from Vuk Zdinjak

May 25, 2023 | 2:26 pm

BSX

Boston Scientific Corporation (NYSE:BSX) has terminated its $230 million plan to acquire a majority stake in M.I. Tech, a Korean medical device manufacturer, due to regulatory hurdles. Instead, the company will purchase a minority stake of around 10% later this year.

Portfolio Pulse from Vandana Singh

May 25, 2023 | 2:21 pm

SPY

Federal Reserve's Barkin states that data on productivity has been moving in the wrong direction, and there is still much unknown about the impact of COVID on hiring and the labor force.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 2:19 pm

SPY

U.S. Treasury's Adeyemo reports progress in debt ceiling negotiations, stating that the stand-off is already costing American taxpayers. (Source: Reuters)

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 2:18 pm

SPY

UUP

Debt ceiling negotiations continue as the June 1 deadline approaches, with House Speaker Kevin McCarthy stating that progress has been made but not everyone will be happy. Fitch Ratings has put US debt on negative watch, while yields on Treasury bills fell to 5.77%. The S&P 500 and the US Dollar DXY index rose in response to the news.

Portfolio Pulse from Piero Cingari

May 25, 2023 | 2:18 pm

SPY

VGK

EU's Breton states that proposed EU rules on artificial intelligence are for the security of Europeans and cannot be bargained. Europe is ahead of the curve in designing a solid, balanced regulatory framework for AI.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 2:17 pm

SPY

House Speaker McCarthy vows to continue fighting against the Democrats' spending addiction, potentially affecting budget negotiations.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 2:16 pm

SPY

Federal Reserve's Barkin states that rate hikes are helping reduce demand, and credit tightening due to bank failures is also contributing to this effect.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 2:14 pm