Streetbeat News

Regulatory

EWT

FXI

SPY

Taiwan's top security officials have made a secret trip to the US for talks, highlighting the sensitive nature of current relations between Beijing and Taipei.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 3:22 pm

COST

CVS

WBA

WMT

The article contrasts two retail models: membership-only stores like Costco and Sam's Club, which are thriving, and open-to-all stores like CVS and Walgreens, which are struggling. Costco's stock has risen over 60% in the past year, while Walgreens' has fallen by the same percentage. The article discusses potential regulatory challenges for Costco and suggests hedging strategies for its stock.

Portfolio Pulse from David Pinsen

August 22, 2024 | 2:59 pm

SPY

The U.S. envoy to the UN has informed the Security Council that a ceasefire and hostage deal in Gaza are close to being achieved. The envoy urged council members to pressure Hamas to accept a bridging proposal.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 2:31 pm

SPY

The latest data shows that continuing jobless claims have fallen below estimates, indicating a potentially stronger labor market. Meanwhile, the Federal Reserve Bank of Kansas City has commenced its Economic Policy Symposium in Jackson Hole, Wyoming, which is a significant event for economic policy discussions.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 2:30 pm

SPY

In a CNBC interview, Fed's Harker stated that political considerations are not influencing the decision on a potential rate cut in September. This statement aims to reassure investors about the Fed's independence in monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 2:20 pm

HAL

The U.S. Energy Department is working with interagency partners to address a reported cyberattack on Halliburton. The details of the attack and its impact on the company are not yet clear.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 2:18 pm

SPY

In a CNBC interview, Fed's Harker emphasized that the trajectory of Federal Reserve actions is more important than the magnitude of individual moves. He refrained from commenting on market pricing but noted an uptick in the mortgage creation business.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 2:14 pm

SPY

In a CNBC interview, Fed's Harker mentioned that business contacts prefer methodical rate cuts, emphasizing the Fed's course of action over the size of the moves. This suggests a cautious approach to monetary policy adjustments.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 2:12 pm

SPY

Philadelphia Fed President Patrick Harker stated that the job market is softening and returning to normal levels, which aligns with expectations. He mentioned that the balance of risks is becoming more normal, and the Federal Reserve will focus more on employment metrics.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 2:11 pm

YHGJ

Yunhong Green CTI has received a non-compliance notice from Nasdaq due to the late filing of its Q2 2024 10-Q report. This could impact the company's stock price and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 2:01 pm