Streetbeat News

Regulatory

SPY

Fed's Williams emphasizes the importance of central banks in controlling inflation and reaffirms the Fed's commitment to achieving a 2% inflation target. He highlights that price stability is crucial for financial stability and notes that long-term trends affecting the natural rate of interest (R-star) remain unchanged.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 2:55 pm

UAL

The FAA announced that the ground stop for United Airlines has been canceled.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 2:53 pm

BAC

JPM

Visa and Mastercard are set to report their Q2 earnings later this month. Despite a recent downturn in stock prices, JPMorgan analyst Tien-tsin Huang remains optimistic about their stability and growth potential. Visa is expected to show decelerated growth but stability, while Mastercard may exceed guidance. Regulatory and macroeconomic challenges are acknowledged, but both companies are seen as resilient.

Portfolio Pulse from Surbhi Jain

July 19, 2024 | 2:44 pm

AAL

DAL

JBLU

LUV

UAL

U.S. Transportation Secretary Buttigieg is monitoring the impact of an IT outage across all transportation sectors. Airlines have been reminded of their responsibilities amid the outage. There is no indication of an impact on the FAA or other U.S. transportation systems. Spot transportation issues are expected as systems get back online by Friday, with hopes for normalization by Saturday.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 2:42 pm

CRWD

LLY

MSFT

Microsoft and several airlines experienced outages linked to Crowdstrike, causing Crowdstrike's stock to open down over 13%. Meanwhile, Eli Lilly's stock rose following the approval of its drug Zepbound in China.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 2:31 pm

GCAN

Recent research published in Autism Research found no link between prenatal cannabis exposure and autism spectrum disorder (ASD) in children. The study, involving 11,570 children, was conducted by experts from Emory University, John Hopkins, and Harvard. Additionally, the Oklahoma Court of Criminal Appeals ruled that pregnant women using medical marijuana legally should not be prosecuted for child neglect, setting a new legal precedent in the state.

Portfolio Pulse from Jelena Martinovic

July 19, 2024 | 2:31 pm

DJT

EWW

SPY

The President of Mexico plans to send a letter to former President Donald Trump addressing migration and the importance of economic integration. The President believes Trump is not well informed on these issues.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 2:31 pm

CRWD

MSFT

SPY

TSLA

Bitcoin, Ethereum, and Dogecoin prices fell as Trump's presidency odds dipped. CrowdStrike shares recovered after Microsoft resolved a global tech outage. The Dow plunged over 500 points following a surge in US jobless claims. Tesla saw a 24% drop in California registrations amid rising EV competition.

Portfolio Pulse from Akanksha Bakshi

July 19, 2024 | 2:15 pm

COP

IEO

MRO

WEEI

Trinidad and Tobago's High Court upheld ConocoPhillips' (NYSE:COP) $1.33 billion arbitration claim against Venezuela, potentially freezing payments for joint natural gas projects. This decision allows ConocoPhillips to enforce the judgment in Trinidad if assets or money owed to Venezuela are found. ConocoPhillips has been pursuing enforcement actions in Caribbean nations and is among the top creditors seeking proceeds from an auction of shares in PDVSA subsidiary PDV Holding. Additionally, ConocoPhillips and Marathon Oil Corporation (NYSE:MRO) received a Second Request from the FTC to extend the Hart-Scott-Rodino waiting period.

Portfolio Pulse from Lekha Gupta

July 19, 2024 | 1:59 pm

SPY

The U.S. Securities and Exchange Commission (SEC) spokesperson has confirmed that the agency is not experiencing any problems with the Edgar filing system.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:54 pm