Streetbeat News

Regulatory

UUP

Dallas Fed President Lorie Logan stated that current data does not support a pause in interest rate hikes, leading to increased market expectations for a Fed hike in June. The implied probability of a rate rise in June is now close to 40%, up from 10% a week ago. The Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) is up 0.6%.

Portfolio Pulse from Piero Cingari

May 18, 2023 | 2:53 pm

GOOG

GOOGL

The U.S. Supreme Court ruled in favor of Google, upholding Section 230 legal shield for internet companies, which protects them from liability for user-generated content.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 2:27 pm

AMTX

Aemetis has received EPA approval for a renewable natural gas production facility, allowing the generation of D3 Renewable Identification numbers under the federal Renewable Fuel Standard.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 2:24 pm

SPY

TWTR

The U.S. Supreme Court ruled in favor of Twitter Inc, allowing the company to throw out a lawsuit alleging it violated federal anti-terrorism law.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 2:22 pm

SPY

House Rep. Speaker McCarthy states that negotiations on spending cuts and debt ceiling lift have progressed, and a deal is now more likely than a week ago.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 2:22 pm

SPY

House Rep. Speaker McCarthy believes a debt limit bill should be on the floor next week, stating that they are not there yet but he sees a path.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 2:17 pm

EWU

INDA

India and the UK are still far apart on reaching a free trade deal, according to Reuters. This may impact the iShares MSCI United Kingdom ETF (EWU) and the iShares MSCI India ETF (INDA).

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 2:07 pm

PTON

The U.S. Consumer Product Safety Commission has approved a rear guard repair for Peloton's Tread+ treadmill, addressing entrapment hazards. The issue has resulted in one child death and 90 reported injuries.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 1:49 pm

DGX

Quest Diagnostics (NYSE:DGX) reported that post-accident marijuana positivity in the general U.S. workforce reached a 25-year high of 7.3% in 2022, up 9% from 2021. The overall workforce urine drug positivity for all drugs remained at 4.6%, the highest level in two decades.

Portfolio Pulse from Vuk Zdinjak

May 18, 2023 | 1:40 pm

EWJ

VGK

Japan's Prime Minister Kishida announced that Ukraine's President Zelenskiy will join a G7 session on Sunday via teleconference.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 1:29 pm