Streetbeat News

Regulatory

SPY

Federal Reserve's Collins states that unemployment remains low and jobless claims suggest an orderly rebalancing. The Fed is in a healthy position and aims to maintain it.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:54 pm

SPY

In a Fox Business interview, Fed's Collins stated that despite job benchmark revisions, the overall data indicates a consistent and healthy labor market. The focus remains on preserving this health.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:53 pm

BTC

COIN

ETHE

FBTC

GBTC

Bitcoin's price surged above $61,000 as Bitcoin spot ETFs recorded significant inflows, led by Grayscale's mini ETF and Fidelity's ETF. Despite mixed sentiment in Grayscale's flagship ETF, the overall trend is positive. Ethereum ETFs faced outflows, but Ethereum's price still rose. The market is buoyed by a dovish Fed stance, with attention on upcoming Fed Chair Powell's speech.

Portfolio Pulse from Murtuza Merchant

August 22, 2024 | 12:32 pm

BTCUSD

Macro analyst Lyn Alden views Bitcoin as a standout asset amid global currency debasement, despite recent sideways trading due to flat global liquidity. She anticipates a positive outlook for Bitcoin by 2025, driven by potential easing of monetary policy and technological advancements.

Portfolio Pulse from Khyathi Dalal

August 22, 2024 | 12:12 pm

IINN

Inspira Technologies has announced the FDA listing of its custom-designed medical cart for the INSPIRA ART100 system, enhancing its mobility and efficiency in healthcare delivery.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:06 pm

ATRC

AtriCure has received expanded indication for its AtriClip device in Europe, allowing its use for high-risk thromboembolism patients. This validates the device's effectiveness in reducing stroke events during cardiac surgery.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:03 pm

DIS

Disney and Reliance have proposed new concessions to India's antitrust body to gain approval for their $8.5 billion media merger. While they are unwilling to sell cricket broadcast rights, they are open to adjusting advertising rates.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:57 am

MRK

Health Canada has approved Merck's Keytruda in combination with Enfortumab Vedotin for treating adult patients with unresectable locally advanced or metastatic urothelial cancer who have not received prior systemic therapy.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:10 am

SKYE

Skye Bioscience has initiated patient screening for a Phase 2 trial of Nimacimab, a weight loss therapeutic for obese patients. Interim data is expected in Q2 2025, with final results in Q4 2025.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:06 am

GOOG

GOOGL

META

Google has reached a $250 million deal with California to fund newsrooms, ending proposed legislation that would have required tech companies to pay for news content. The deal, which includes an AI accelerator, has been criticized by journalist unions.

Portfolio Pulse from Benzinga Neuro

August 22, 2024 | 10:55 am