Streetbeat News

Regulatory

SDC

Nasdaq informed SmileDirectClub (SDC) on May 18 that its securities are subject to delisting unless the company timely requests a hearing before the Nasdaq Hearings Panel.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 8:27 pm

UONE

UONEK

Urban One, Inc. (NASDAQ: UONEK, UONE) has received a NASDAQ non-compliance notification due to not filing its 2022 Form 10-K and Q1 2023 Form 10-Q with the SEC. The company's common stock may be delisted if compliance is not regained.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 8:25 pm

SPY

UUP

Stocks resumed their downtrend after the release of the May FOMC meeting minutes, with increased uncertainty about future interest rates. The S&P 500 index fell 0.8% and the U.S. Dollar index rose 0.4%. Traders anticipate a June Fed pause and are uncertain about a July rate hike.

Portfolio Pulse from Piero Cingari

May 24, 2023 | 8:15 pm

GOOG

GOOGL

TSLA

The Biden-Harris administration released a report on AI regulation, highlighting the potential risks of AI technologies. The White House announced new efforts to advance responsible AI research, development, and deployment. Alphabet Inc, Tesla Inc, and OpenAI's CEOs have expressed the importance of regulating AI.

Portfolio Pulse from Natan Ponieman

May 24, 2023 | 7:27 pm

SPY

The White House announced that President Biden and House Speaker McCarthy will speak when the time is right, according to Reuters.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 7:10 pm

SPY

The White House stated that any budget deal will require the support of Democrats and that negotiations with Republican lawmakers remain productive. They will continue to negotiate in good faith to reach a reasonable budget agreement.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 6:57 pm

SPY

The White House states that averting a default is the responsibility of every member of Congress, warning that millions of jobs could be lost and a recession could follow if a catastrophic default occurs.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 6:56 pm

QQQ

SPY

UUP

The May FOMC meeting minutes revealed uncertainty about further policy tightening and warned that missing the debt ceiling deadline could cause financial disruptions. Stocks weakened, with SPY losing 0.8% and QQQ down 0.7%. The dollar outperformed, with UUP surging 0.4%.

Portfolio Pulse from Piero Cingari

May 24, 2023 | 6:23 pm

SPY

FOMC minutes reveal officials discussed the essential need to raise the debt limit to avoid financial and economic shocks. They were divided over the path of rates, with more favoring a pause, and saw uncertainty over further rate increases at the May meeting.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 6:03 pm

SPY

The Federal Open Market Committee (FOMC) released the minutes of its May 2-3, 2023 meeting, discussing the current economic outlook and monetary policy.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 6:01 pm