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Federal Reserve Governor Michelle Bowman indicated her readiness to support further rate hikes if inflation worsens, stating it is premature to lower the policy rate. Following her remarks, the U.S. Dollar Index saw a slight increase, and U.S. equity futures were broadly positive, with tech and semiconductor sectors showing gains.

Portfolio Pulse from Piero Cingari

June 25, 2024 | 1:13 pm

GVP

GSE Solutions has been awarded a contract worth over $700,000 to provide services related to flow accelerated corrosion and erosion programs for a utility company.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:10 pm

WYY

WidePoint announced that the Department of Homeland Security (DHS) has increased the ceiling of its Cellular Wireless Managed Services IDIQ contract from $500 million to $754 million.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:08 pm

CSCO

Cisco (NASDAQ:CSCO) is optimistic about its growth in the Chinese EV market despite trade tensions. The company is collaborating with at least 10 Chinese EV manufacturers and expects growth in the Asia-Pacific region. Despite a recent revenue decline, Cisco remains hopeful for a rebound.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 1:04 pm

AJG

Arthur J. Gallagher & Co. (AJG) anticipates a foreign currency impact on its brokerage segment earnings per share (EPS) for FY2024, resulting in a loss of approximately $0.03.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:03 pm

GWH

ESS Tech, Inc. (NYSE:GWH) has been selected by Indian Energy and the California Energy Commission to demonstrate utility-scale resilient microgrids using their iron flow batteries. The project, part of the Rapid Integration and Commercialization Unit (RICU) at Marine Corps Air Station Miramar, is funded by a $4.85M agreement from the CEC.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:02 pm

SPY

The US House Price Index for April increased to 424.3 from 423.4 in the previous month, indicating a slight rise in housing prices.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:01 pm

SPY

The US House Price Index for April increased by 0.2%, which is below the estimated 0.3% but higher than the previous month's 0.1%.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:00 pm

SPY

The US House Price Index for April showed a year-over-year increase of 6.3%, down from the previous month's 6.7%.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:00 pm

SPY

The S&P/Case-Shiller Home Price Index Composite for 20 cities (YoY) for April came in at 7.2%, higher than the estimated 7.0% but lower than the prior 7.5%.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:00 pm