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QCOM

Benchmark analyst Cody Acree suggests that Qualcomm's acquisition of Intel is unlikely due to financial and regulatory challenges. Apollo Global Management plans a $5 billion investment in Intel. Qualcomm would need to offer a significant premium for Intel, but regulatory scrutiny may hinder the deal.

Portfolio Pulse from Michael Juliano

September 23, 2024 | 2:59 pm

SPY

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, stated that consumer sentiment is not a reliable indicator for predicting consumer spending behavior. This suggests that traditional metrics may not fully capture economic activity.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:50 pm

SPY

Federal Reserve's Goolsbee highlights a stable demand for cash despite a decrease in cash transactions. This could indicate a shift in consumer behavior or economic conditions affecting liquidity preferences.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:48 pm

VMC

U.S. Senators are attempting to prevent Mexico from taking control of a port owned by Vulcan Materials Company. This move could have significant implications for Vulcan's operations and stock performance.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:45 pm

SPY

Federal Reserve's Goolsbee is closely monitoring office building vacancy rates and ensuring banks are prepared for potential losses in commercial real estate. This vigilance is crucial for maintaining financial stability.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:44 pm

MAXN

Maxeon Solar Technologies (NASDAQ:MAXN) shares are declining after announcing a 1-for-100 reverse stock split to avoid Nasdaq delisting due to low trading prices. The company aims to meet the $1 minimum bid price requirement.

Portfolio Pulse from Dylan Berman

September 23, 2024 | 2:43 pm

SPY

Federal Reserve's Goolsbee reports that businesses are experiencing stable conditions with minimal concern about inflation. This suggests a steady economic environment, which could influence market sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:40 pm

ISRA

The U.S. State Department expressed concern over an Israeli military operation that shut down Al Jazeera's office in Ramallah, stating it contradicts U.S. support for press freedom globally.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:30 pm

SPY

Federal Reserve's Goolsbee stated that the 'golden path' of reducing inflation without causing a recession was achieved last year. This suggests a positive economic outlook, which could influence market sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:24 pm

EIS

ISRA

The Israeli military has reported that warning sirens have sounded in the Shomron area of the Northern West Bank. This development could have implications for regional stability and security.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:19 pm