Streetbeat News

Regulatory

SPY

House Minority Leader Kevin McCarthy claims that President Biden and the White House are attempting to bring Medicare and Social Security 'back into the fold' to disrupt ongoing negotiations.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 4:12 pm

TSLA

U.S. Transportation Secretary Pete Buttigieg expressed concerns about the interaction between Tesla's Autopilot system and drivers, potentially leading to increased scrutiny on the company's technology.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 4:09 pm

MYSZ

MySize has been granted a Canadian patent for its technology 'A System for and a Method of Measuring a Path Length Using a Handheld Electronic Device'.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 3:35 pm

ACB

CGC

TLRY

A Congressional committee has blocked GOP-led marijuana legalization and fentanyl contamination amendments from floor votes, according to a Marijuana Moment report. This decision may impact the stocks of several cannabis companies.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 3:31 pm

SPY

White House negotiators Shalanda Young, Steve Ricchetti, and Louisa Terrell are back at the Capitol for more debt ceiling talks.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 3:13 pm

CS

The Federal Department of Finance has issued an order to cancel or reduce outstanding variable remuneration for top management at Credit Suisse, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 3:12 pm

SPY

House Minority Leader Jeffries stated that not much progress has been made towards a resolution, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 3:02 pm

FXI

ORCL

Oracle has begun reviewing TikTok's source code, according to CEO Shou Zi Chew, despite the deal being 'in limbo.' This comes as the US government continues to scrutinize the proposed partnership between Oracle and TikTok.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 3:01 pm

QQQ

SPY

The latest US PMI data shows business activity at its highest level in 13 months, with the S&P Global US Composite PMI at 54.5 in May. However, the gap between manufacturing and services continues to widen, with manufacturing PMI at 48.5 and services PMI at 55.1. The stock market is volatile, with SPY down 0.3% and QQQ down 0.4%.

Portfolio Pulse from Piero Cingari

May 23, 2023 | 3:00 pm

USO

Saudi Energy Minister, Prince Abdulaziz bin Salman, warns oil speculators to exercise caution ahead of the OPEC+ meeting in June. Speculators have recently increased their short positions in crude oil futures, which could lead to a short squeeze if OPEC+ enacts unexpected supply cuts.

Portfolio Pulse from Piero Cingari

May 23, 2023 | 2:46 pm