Streetbeat News

Regulatory

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

CS

UBS

VGK

UBS has received EU antitrust approval for its takeover of Credit Suisse, paving the way for the merger of the two Swiss banking giants.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 2:13 pm

DWAC

Digital World Acquisition Corp. (DWAC), planning to merge with Trump's Truth Social platform, faces potential delisting from Nasdaq due to accounting errors in its 2022 financial report and failure to file Q1 2023 earnings. The SEC has deemed the financial statements unreliable, and DWAC has until July 24 to submit a remediation plan.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 2:12 pm

SPY

27 Senate Republicans have urged the EPA to rescind a proposal to significantly cut vehicle emissions and boost electric vehicles (EVs) through 2032. They argue that the proposal would harm consumers and the economy.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 1:57 pm

USO

JPMorgan analysts report that OPEC+ is making good on its promise to cut oil supplies, which could lead to a rebalancing of the oil market. The United States Oil Fund (USO) may be impacted by these developments.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 1:56 pm

SPY

House Rep. Speaker McCarthy stated in a Fox interview that they will get the debt ceiling issue resolved by the end of the day, and will accept the X-Date provided by the Treasury Secretary.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 1:40 pm

SPY

House Rep. Speaker McCarthy stated in a Fox interview that a debt ceiling deal could be reached any day, but issues still remain. He emphasized that the deal is the first step and will not solve all problems.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 1:39 pm

SPY

House Rep. Speaker McCarthy states that Democrats struggle to agree on spending less, but progress has been made in debt-limit talks. President Biden is aware of the differences and remains involved in negotiations.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 1:37 pm

BBIG

Vinco Ventures, Inc. (NASDAQ:BBIG) announced receipt of a staff determination stating that the company failed to meet its obligations under Nasdaq Listing Rule 5810(b) due to not filing its Form 10-Q for the period ended March 31, 2023. The company is required to file updated information by May 25, 2023, and remains confident that it will file its 10-Q by July 7, 2023.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 1:36 pm