Streetbeat News

Regulatory

VIR

Trading for a specific asset was halted at 4:00:10 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:00 pm

GS

Goldman Sachs (NYSE:GS) shares are down 2.3% to $497.57 due to weak U.S. economic data and market speculation about potential interest rate cuts by the Federal Reserve. This could compress net interest margins and reduce profitability in lending and fixed income trading operations. Additionally, an economic slowdown could impact demand for investment banking services.

Portfolio Pulse from Henry Khederian

August 01, 2024 | 7:42 pm

EIS

SPY

TUR

Turkey's President Erdogan and U.S. President Biden discussed bilateral ties, the Gaza war, and a prisoner swap in a phone call. Erdogan expressed concerns that Israel does not want a ceasefire and that the killing of a Hamas chief has harmed ceasefire efforts. He also mentioned that Israel is trying to spread the conflict to a wider region.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:07 pm

AAL

ALGT

ALK

DAL

HA

JBLU

LUV

SAVE

UAL

ULCC

The Biden administration has proposed a new rule to ban airlines from charging fees for seating families together. This rule, proposed by the U.S. Department of Transportation, aims to make flying with young children more affordable by eliminating extra seating fees. The rule would impact several airlines, with some already complying voluntarily and others still charging these fees.

Portfolio Pulse from Michael Juliano

August 01, 2024 | 7:01 pm

GSK

GSK's Dostarlimab-Gxly has received FDA approval for expanded use in treating endometrial cancer in combination with chemotherapy.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:01 pm

SPY

VGK

White House National Security Advisor Jake Sullivan announced that no money was exchanged in the recent prisoner swap deal. The released detainees are expected to arrive on American soil later on Thursday.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:42 pm

COIN

ETH

UNI

Circle has launched the euro-backed stablecoin EURC on the Base mainnet, an Ethereum Layer 2 network. This move aims to enhance liquidity and accessibility for euro-denominated transactions. Key industry players like Coinbase and Uniswap Labs have pledged support for EURC, which complies with the EU's MiCA regulation.

Portfolio Pulse from Murtuza Merchant

August 01, 2024 | 5:41 pm

SPY

President Biden announced the release of American prisoners from Russia, highlighting the significant concessions made by Germany without asking for anything in return. The deal underscores the importance of alliances and international cooperation.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:28 pm

SPY

VGK

President Biden is delivering remarks following a prisoner swap between the US and Russia. This geopolitical event could have implications for US and European markets.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:25 pm

GLNCY

Alex Beard, former CEO of Glencore, has been charged with corruption by the UK's Serious Fraud Office, along with four other former Glencore employees. They are accused of making corrupt payments to benefit Glencore's oil operations in West Africa. This follows Glencore's 2022 guilty plea to corruption and market manipulation, resulting in $1.5 billion in fines.

Portfolio Pulse from Hayden Buckfire

August 01, 2024 | 5:24 pm