Streetbeat News

Regulatory

SPY

Atlanta Fed President Bostic stated that the Federal Reserve has experienced significant tightening over the past year and is comfortable waiting to see how the economy plays out before making any further decisions.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 4:18 pm

SPY

A White House official stated that any debt ceiling solution must be able to secure Democratic votes, not just House Freedom Caucus votes.

Portfolio Pulse from Happy Mohamed

May 22, 2023 | 4:18 pm

SPY

Richmond Fed President Barkin stated that measures need to be taken to address uninsured deposits, including insurance limits, gating, or structuring different products.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 4:16 pm

SPY

Atlanta Fed President Bostic expressed discomfort with the idea of regulators imposing limits on withdrawals, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 4:14 pm

SPY

Atlanta Fed President Bostic stated that deposit insurance limits are structured around the needs of families, not businesses, and that limits for business deposit insurance should not be the same as households.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 4:13 pm

NWTN

NWTN Inc. and CMEC Middle East Fze plan to form a strategic partnership to contribute to the UAE's Hydrogen Leadership Roadmap and 2050 National Net Zero target. The partnership aims to collaborate on green hydrogen projects, introduce Chinese technical solutions, and leverage investment and strategic resources.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 4:11 pm

SPY

Richmond Fed President Barkin stated that the ultimate balance between working from home and office is still being determined in the marketplace, and it is early in the process.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 4:10 pm

ATVI

MSFT

SONY

Microsoft's $69 billion bid to acquire Activision Blizzard has received approval from China's State Administration, joining 37 regulators worldwide. However, the UK's Competition and Markets Authority (CMA) is still blocking the deal due to concerns about its impact on the cloud gaming market.

Portfolio Pulse from Franca Quarneti

May 22, 2023 | 4:06 pm

KBE

KRE

SIVBQ

SPY

XLF

Atlanta Fed President Bostic states that the collapse of SVB highlights the need for the Federal Reserve to change its processes and policies to become more 'on demand' as banks require them.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:57 pm

BTCUSD

ETHUSD

SPY

Richmond Fed's Barkin stated that if Congress authorized a Central Bank Digital Currency (CBDC), the Federal Reserve would have to carefully consider its design.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:52 pm