Streetbeat News

Regulatory

SPY

SEC Chair Gary Gensler testified before the House Financial Services Committee, discussing regulatory issues that could impact financial markets. The testimony may influence market sentiment and regulatory outlook.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:46 pm

TCOM

Trip.com Group Ltd (NASDAQ:TCOM) shares rose by 5.4% following the Chinese Central Bank's announcement of a new stimulus package, including a 50-basis-point cut to the reserve requirement ratio. This monetary easing is expected to boost consumer and corporate spending on travel, benefiting Trip.com.

Portfolio Pulse from Henry Khederian

September 24, 2024 | 2:45 pm

FXI

China's financial regulator is encouraging banks to support loan renewals for borrowers facing temporary financial difficulties. Medium-sized firms with working capital loans due by September 30, 2027, may receive renewal support similar to that available for small and micro firms.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:43 pm

FXI

SPY

China's financial regulator is urging financial institutions to optimize loan services for small and medium-sized enterprises (SMEs) by adjusting loan terms, diversifying repayment options, and expanding credit fund coverage.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:39 pm

BNO

SPY

USO

The market summary highlights President Biden's address on AI and foreign policy at the UN, rising oil prices due to China's stimulus and Middle East tensions, and a fall in the S&P 500 due to weak consumer confidence data.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:35 pm

GOOG

MSFT

NVDA

President Biden emphasized the need for global regulations on artificial intelligence (AI) to ensure it aligns with collective values. As AI technology advances, it is crucial to establish rules that guide its development and application.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:35 pm

EWW

VMC

Vulcan Materials has accused Mexico of expropriation, claiming it violates regional trade agreements. This marks an escalation in tensions between the company and the Mexican government.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:25 pm

VMC

Vulcan Materials has reported that the Mexican government has expropriated its Punta Venado port and Sac Tun quarry. This action could impact Vulcan's operations and financial performance in the region.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:25 pm

SPY

President Biden expressed optimism about the global situation, emphasizing continued support for Ukraine against Russian aggression. He stated that Putin's war has failed and urged the world to sustain support for Ukraine.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:24 pm