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BTCUSD

ETHUSD

Hashdex has filed for a combined spot Bitcoin and Ethereum ETF, named the Hashdex Nasdaq Crypto Index US ETF. This ETF will be market cap-weighted, with Bitcoin making up 70.54% and Ethereum 29.46%. The approval of this ETF would mark another milestone in the integration of digital assets into mainstream financial products.

Portfolio Pulse from Murtuza Merchant

June 18, 2024 | 5:08 pm

BA

Boeing CEO David Calhoun will testify before Congress about the company's safety measures amidst multiple investigations and recent share sales by Congress members. The hearing could impact Boeing's stock as investors and analysts closely watch for insights on the company's accountability and future actions.

Portfolio Pulse from Chris Katje

June 18, 2024 | 5:02 pm

SPY

Fed's Kugler states that inflation remains high but is encouraged by recent progress and its trajectory. He expects further progress on inflation to be gradual and is optimistic that improving supply and cooling demand will support continued disinflation.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:02 pm

SPY

Fed's Kugler suggests that it may be appropriate to begin easing monetary policy later this year if the economy continues to evolve as expected. He believes that current monetary policy is sufficiently restrictive and that economic conditions are moving in the right direction. However, he notes that policy still has more work to do and decisions will be guided by data.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:01 pm

BONKUSD

ETHUSD

FLOKIUSD

SOLUSD

The altcoin market is experiencing a significant downturn due to falling Bitcoin prices, Ethereum ETF approval, and massive token unlocks. Solana, a key driver of the altcoin rally in late 2023, is facing critical trend level breaks. Market sentiment is negative, with meme coins like Floki and Bonk losing momentum.

Portfolio Pulse from Murtuza Merchant

June 18, 2024 | 4:58 pm

C

Citi's CFO announced that the bank is making good progress on its consent order but aims to accelerate the process. The bank needs to address its resolution and recovery processes.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 4:54 pm

DLTR

WMT

Dollar Tree, Inc. (NASDAQ:DLTR) shares are trading lower due to a warning letter from the FDA regarding adulterated WanaBana apple cinnamon fruit puree pouches found in its stores. The FDA is monitoring Dollar Tree's compliance and prevention efforts. Additionally, Dollar Tree is considering selling or spinning off Family Dollar to focus on its more successful Dollar Tree chain.

Portfolio Pulse from Nabaparna Bhattacharya

June 18, 2024 | 4:51 pm

NVO

U.S. parents face challenges accessing recommended obesity treatments for children, with intensive behavioral counseling often unavailable or not covered by insurance. Novo Nordisk's Wegovy sees strong demand despite concerns about long-term effects on children.

Portfolio Pulse from Vandana Singh

June 18, 2024 | 4:30 pm

UBS

UBS CEO comments on the aftermath of UBS's rescue of Credit Suisse, noting that the discourse is dominated by fear rather than courage, with many focusing on the risks of having a large bank in the country.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 4:20 pm

BA

NASA has delayed the return of Boeing's Starliner spacecraft to Earth, now targeting June 26. This marks another delay in the spacecraft's mission.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 4:06 pm