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TIP

Former Treasury Secretary Larry Summers criticized Donald Trump's fiscal policy proposals, warning they could lead to severe stagflation. Summers highlighted the inflationary impact of Trump's tariff and labor restriction plans, comparing them to the damaging Smoot-Hawley tariffs of the Great Depression era. The iShares TIPS Bond ETF (NYSE:TIP) saw a slight increase, reflecting market concerns about inflation.

Portfolio Pulse from Shanthi Rexaline

June 16, 2024 | 5:33 pm

SPY

XHB

Federal Reserve Bank of Minneapolis President Neel Kashkari stated that the best action the Fed can take for the housing market is to reduce inflation. This statement suggests a focus on monetary policy to control inflation, which could impact housing-related stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2024 | 3:26 pm

SPY

XHB

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, stated that the median projection is for one interest rate cut, likely toward the end of the year. He emphasized the need for more evidence to be convinced that inflation is heading towards the 2% target.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2024 | 3:25 pm

AAPL

Anthony Scaramucci criticized CEOs, including Apple CEO Tim Cook and Blackstone Group CEO Steven Schwarzman, for supporting Donald Trump's policies during a recent Business Roundtable meeting. Scaramucci accused them of 'Trump-nesia' and warned of the dangers of a Trump presidency.

Portfolio Pulse from Bibhu Pattnaik

June 16, 2024 | 2:13 pm

AAPL

GOOG

TSLA

This week in AI news, Apple announced new AI privacy measures and integration of ChatGPT into its devices, while Tesla's Elon Musk predicted a future boom in humanoid robots. Additionally, a Google engineer criticized OpenAI for hindering AI progress.

Portfolio Pulse from Benzinga Neuro

June 16, 2024 | 12:30 pm

AAPL

TSLA

Apple Inc. (NASDAQ:AAPL) has been at the center of tech news this week with its AI-powered features, new iOS 18 update, and a partnership with OpenAI that sparked criticism from Elon Musk. Key developments include Steve Wozniak's take on Apple's AI, the unveiling of iOS 18, and Musk's concerns over data security and privacy.

Portfolio Pulse from Benzinga Neuro

June 16, 2024 | 9:21 am

TCNNF

Florida's potential legalization of marijuana could generate significant tax revenue, but Governor Ron DeSantis opposes the initiative. The measure, supported by Smart & Safe Florida and funded by cannabis companies like Trulieve, will be on the ballot in November 2024.

Portfolio Pulse from Maureen Meehan

June 15, 2024 | 7:46 pm

WONDF

WonderFi Technologies Inc has launched CoinSquare Alpha, a new crypto service aimed at institutional clients. This move is part of WonderFi's strategy to address imbalances in traditional financial systems and attract institutional investors. The service offers enhanced trading functionality, 24/7 API connectivity, and bespoke custody solutions.

Portfolio Pulse from Renato Capelj

June 15, 2024 | 4:13 pm

FFIE

FSRN

KARS

TSLA

WKHS

The EV sector saw significant developments this week, including Tesla's shareholder meeting, Fisker's recall, Workhorse's reverse stock split, and Faraday Future's new deliveries. Tesla's reapproval of Elon Musk's compensation plan and optimistic future projections were key highlights. Fisker faced challenges with a major recall, while Workhorse announced a reverse stock split and strategic collaborations. Faraday Future resumed deliveries and hinted at an affordable EV. Ford eased dealer investment norms due to slow EV adoption. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 3.83% for the week.

Portfolio Pulse from Shanthi Rexaline

June 15, 2024 | 2:53 pm

WKHS

Trading has been halted for an unspecified reason at 7:50:00 p.m. ET, with news pending. This halt could impact the stock price of Workhorse Group Inc. (WKHS).

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 11:50 pm