Streetbeat News

Regulatory

SPY

Fed's Bowman stated that the Federal Reserve is not yet at a point where it can consider a rate cut. If inflation moves toward 2%, an eventual rate cut could be on the table. Current Fed policy is restrictive, and Bowman is still willing to raise rates again if inflation doesn't ease. He remains cautious in weighing future Fed rate changes.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 6:06 pm

GOOG

GOOGL

Google has announced that TLS server authentication certificates validating some Entrust roots, whose earliest SCT is dated after October 31, will no longer be trusted by default.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 5:37 pm

AEP

EXC

Talen Energy has responded to objections from Exelon and AEP regarding its contract with AWS to sell long-term, committed power from the Susquehanna ISA. Talen asserts its right as a competitive generation company to enter into such agreements.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 5:34 pm

AMZN

AYI

CRM

GLD

GS

JEF

KRE

LEVI

MKC

MU

NVDA

SMPL

SOXX

TLT

WBA

Wall Street saw modest gains on Thursday as traders awaited the Federal Reserve's inflation report. U.S. banks passed the Fed's 2024 stress tests, with regional banks outperforming. The semiconductor sector struggled, while gold and Bitcoin rebounded. Key stock movers included Salesforce, Goldman Sachs, Amazon, and Walgreens Boots Alliance.

Portfolio Pulse from Piero Cingari

June 27, 2024 | 5:33 pm

AOGOU

Trading halt status for AOGOU was updated at 1:30:00 PM ET. The article provides information on news and resumption times.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 5:30 pm

AOGO

Trading halt status for AOGO was updated at 1:25:00 PM ET. The article provides information on the news and resumption times for the stock.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 5:25 pm

IJH

SCHD

WHR

Whirlpool Corporation (NYSE:WHR) shares are trading lower after a surge due to rumors of a potential bid by Robert Bosch GmbH. Goldman Sachs analyst Susan Maklari rated WHR as Buy with a price target of $118, noting Whirlpool's strong market position. However, the company's revenues and adjusted EBITDA have decreased significantly from 2021 to 2023. Investors can also gain exposure to WHR via the iShares Core S&P Mid-Cap ETF (NYSE:IJH) and the Schwab US Dividend Equity ETF (NYSE:SCHD).

Portfolio Pulse from Lekha Gupta

June 27, 2024 | 5:24 pm

ABBV

BNTX

GMAB

JNJ

The FDA has approved Epkinly, co-developed by AbbVie and Genmab, for treating relapsed or refractory follicular lymphoma. This approval is based on promising clinical trial results and marks a significant step in oncology treatment. However, market potential is limited by competition and current application scope.

Portfolio Pulse from Vandana Singh

June 27, 2024 | 5:22 pm

AOGO

Trading for AOGO was halted at 12:54:59 p.m. ET due to pending news. Investors should stay tuned for updates as this could impact the stock's short-term performance.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:55 pm

AOGOW

Trading in AOGOW was halted at 12:55:00 p.m. ET pending news. Investors should stay tuned for updates as trading halts can indicate significant upcoming announcements.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:55 pm