Streetbeat News

Regulatory

FTXO

KBWB

WFC

Wells Fargo has launched new APIs to enhance efficiency for its Commercial Banking clients, leading to a rise in its stock price. The APIs provide real-time data access, improving sales, liquidity, and reducing credit risk. The OCC has also entered a formal agreement with Wells Fargo regarding its AML practices.

Portfolio Pulse from Lekha Gupta

September 17, 2024 | 3:54 pm

ISRA

The Lebanese Information Minister has condemned a detonation incident as 'Israeli aggression'. This geopolitical tension could impact markets, particularly those related to Middle Eastern politics and security.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 3:42 pm

KBE

KRE

XLF

The FDIC Board has voted 3-2 to adopt new guidance on bank mergers, which could impact the regulatory landscape for financial institutions. This decision may influence future bank consolidation activities.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 3:40 pm

ANCTF

SVNDF

Japan's Ministry of Finance updated its 'Classification List' under the Foreign Exchange and Foreign Trade Act, including Seven & i Holdings. This reclassification may impact Alimentation Couche-Tard's $39 billion takeover attempt of Seven & i, although Japan's Finance Minister suggests it may not hinder the deal.

Portfolio Pulse from Vandana Singh

September 17, 2024 | 3:06 pm

LMT

Lockheed Martin's Sikorsky has received FAA certification for the life extension of the S-92A main gear box housing, which is a significant development for the company.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 3:05 pm

MRNA

Moderna has received approval from Health Canada for its updated Covid-19 vaccine. This approval could potentially boost Moderna's market presence and sales in Canada.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 3:04 pm

LI

NIO

XPEV

ZK

Chinese EV stocks Nio, XPeng, Li Auto, and Zeekr are trading higher due to the People's Bank of China's plan to cut the reserve requirement ratio. However, these companies face challenges from U.S. and EU tariffs and protectionist policies.

Portfolio Pulse from Anusuya Lahiri

September 17, 2024 | 2:51 pm

SPY

The U.S. House Speaker is planning to hold a vote on a 6-month short-term federal funding bill on Wednesday, as reported by Reuters citing Punchbowl.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 2:39 pm