Streetbeat News

Regulatory

SPY

The FOMC minutes reveal that several members emphasized that further demand weakening could lead to a larger unemployment response than seen in the recent past.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 2:58 pm

QQQ

SPY

UUP

The Federal Open Market Committee (FOMC) minutes from June indicate that policymakers are not in a rush to cut interest rates, with decisions hinging on economic data. Despite some encouraging inflation data, the Fed remains cautious, viewing the current policy stance as restrictive. The market reacted to the minutes as somewhat hawkish, with the U.S. Dollar Index reducing its losses and both bonds and stocks closing higher in a shortened trading session.

Portfolio Pulse from Piero Cingari

July 05, 2024 | 2:58 pm

SPY

The FOMC minutes reveal that most participants view the current policy stance as restrictive. Several participants indicated that the policy should be prepared to respond to unexpected economic weakness.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 2:58 pm

SPY

The FOMC minutes from the June 11-12 meeting reveal that the majority of participants believe U.S. economic growth is gradually cooling.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 2:58 pm

SPY

The White House has confirmed that President Joe Biden is not considering stepping down from his position.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:59 pm

PLBY

On June 27, PLBY Group received a notice of delisting or failure to satisfy a continued listing rule or standard from Nasdaq, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:16 pm

ACHR

GDX

LCID

LLY

NVDA

NVO

PARA

SOXX

STZ

TLT

TSLA

The S&P 500 and Nasdaq 100 indices reached record highs as investors anticipate rate cuts following weak services sector data. Nvidia and semiconductor stocks rebounded, gold miners surged, and Treasury yields fell. However, the crypto market declined, and some healthcare stocks dropped due to negative study results.

Portfolio Pulse from Piero Cingari

July 03, 2024 | 5:04 pm

FTXR

GM

RPV

General Motors (GM) shares are trading lower after the company agreed to retire 50 million metric tons of greenhouse gas credits and pay a $145.8 million penalty for excess CO2 emissions. The EPA investigation revealed excess emissions from 5.9 million GM vehicles from 2012-2018. GM will also cancel over 30.6 million fuel economy credits for 2008-2010 model years. The stock has gained over 19% in the past 12 months.

Portfolio Pulse from Shivani Kumaresan

July 03, 2024 | 5:04 pm

RSLS

ReShape Lifesciences shares are trading higher after the company received a Notice of Allowance for its U.S. patent application titled 'Intragastric Volume-Occupying Device and Method for Fabricating Same' for treating obesity.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:01 pm

RSLS

ReShape Lifesciences has received a Notice of Allowance for its US patent application titled 'Intragastric Volume-Occupying Device And Method For Fabricating Same' aimed at treating obesity.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 4:58 pm