Streetbeat News

Regulatory

SPY

House Minority Leader Kevin McCarthy stated that he is not close to a deal with the White House on lifting the debt limit.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 2:17 pm

SI

Binance, the world's largest cryptocurrency exchange, allegedly violated U.S. financial rules by commingling customer funds with company revenue in accounts held at Silvergate Bank (NYSE:SI), with sums running into billions of dollars. The alleged commingling raises concerns about a lack of internal controls and potential risk to customer assets.

Portfolio Pulse from Murtuza Merchant

May 23, 2023 | 2:16 pm

SPY

Republican negotiator Graves stated that until the White House understands the spending crisis, progress cannot be made. Border discussions have been part of the debt ceiling conversation, and negotiators will meet again.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 2:13 pm

GRCY

Greencity Acquisition Corporation (GRCY) has received a notice from Nasdaq regarding the determination of delisting due to non-compliance with listing requirements.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 2:13 pm

BPMC

Blueprint Medicines published results from its registrational PIONEER trial in the New England Journal of Medicine, showcasing the effectiveness of its drug avapritinib in treating systemic mastocytosis.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 2:11 pm

SPY

U.S. Republican Representative McHenry stated that the White House believes they can still spend more money next year, potentially impacting the stock market.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 2:08 pm

SPY

Republican negotiator Graves expressed concerns over the progress of debt ceiling talks, potentially impacting the market and ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 2:08 pm

AAPL

AMZN

GOOGL

META

The Alliance for Open Media (AOM) has avoided a potential fine as the EU antitrust inquiry into its video licensing policies concludes. AOM's members include Alphabet, Amazon, Apple, and Meta Platforms.

Portfolio Pulse from Akanksha Bakshi

May 23, 2023 | 1:38 pm

AAPL

META

NVDA

SPY

TSLA

Market Clubhouse Morning Memo discusses trade strategies for SPY, TSLA, AAPL, META, and NVDA. Jerome Powell's speech today at 12:30PM EST is expected to bring volatility to the markets. Traders should monitor these stocks and be prepared to leverage potential breakouts or reversals.

Portfolio Pulse from RIPS

May 23, 2023 | 1:34 pm

FXI

SPY

China's Ministry of Commerce has expressed strong opposition to the U.S. and Taiwan trade agreement, potentially escalating tensions between the countries.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 1:33 pm