Streetbeat News

Regulatory

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

SPY

Fed's Daly states that achieving 2% inflation with sub 4% unemployment would be a historical anomaly, and it is reasonable to see unemployment go above 4%. Real wage growth for most Americans has been overtaken by inflation.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:49 pm

SPY

Fed's Daly states that real wage growth for most Americans has been overtaken by inflation, and Fed forecasts are only as good as the day they are printed. She also mentions a rise in credit troubles for some Americans.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:47 pm

SPY

Fed's Daly sees signs of slowing in the strong job market, stating that the balance sheet drawdown is working effectively. The Fed can separate financial stability tools from monetary policy.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:44 pm

SPY

Fed's Daly states that the balance sheet drawdown is working effectively and the FOMC is taking a prudent approach by deciding on a meeting-by-meeting basis. Global tightening hasn't slowed growth as much as anticipated.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:41 pm