Streetbeat News

Regulatory

SPY

Federal Reserve Bank of San Francisco President Mary Daly warned that policy lags could show up at any time, emphasizing the need for vigilance in monitoring economic developments.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:30 pm

SPY

Federal Reserve Bank of San Francisco President Mary Daly stated that the Fed must be very data-dependent at the moment, with lots of data to analyze before the June FOMC meeting. She also mentioned that it is difficult to determine the cause of the current U.S. economic slowdown.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:29 pm

SPY

President Joe Biden is set to meet House Speaker Kevin McCarthy to discuss the debt ceiling and attempt to reach a deal before the June 1 government default deadline. Markets are closely watching for a bipartisan compromise to prevent the U.S. government from running out of money. The S&P 500 index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), is trading at over 4,200, its highest value this year.

Portfolio Pulse from Piero Cingari

May 22, 2023 | 3:26 pm

SPY

Federal Reserve Bank of San Francisco President Mary Daly stated that tighter credit conditions could be equivalent to one or two rate hikes, potentially impacting the market.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:19 pm

AAME

Atlantic American Corporation (NASDAQ:AAME) received a notice from Nasdaq for not filing its Form 10-Q for Q1 2023 and Form 10-K for 2022, resulting in non-compliance with Nasdaq Listing Rule 5250(c)(1). The company has until June 20, 2023, to submit a plan to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:17 pm

GT

Independent Mexican union LSOM has petitioned that Goodyear workers are being denied freedom of association and collective bargaining. The U.S. Trade Representative has asked Mexico to review the denial of labor rights claims at Goodyear's tire plant under USMCA 'Rapid Response' rules.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:14 pm

USO

OPEC nations are likely to take action as short selling mounts, according to a Reuters report citing Stanchart. The US-listed ETF USO may be impacted by this news.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:03 pm

ORCL

TikTok claims its US survival plan is progressing, but its cloud provider, Oracle, has doubts as they haven't reached an agreement on monitoring the app.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 2:33 pm

SPY

A Federal Reserve survey reveals that U.S. households have reported a decline in financial well-being, with higher prices negatively affecting most households.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 2:32 pm

KRYS

Krystal Biotech shares are trading higher after the company received FDA approval for VYJUVEK last week.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 2:30 pm