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Security

LYG

SAN

Financial Times reported that Iran has been using UK banks Santander UK and Lloyds to covertly move money in an effort to evade sanctions. This revelation could have implications for the banks' operations and regulatory scrutiny.

Portfolio Pulse from Charles Gross

February 05, 2024 | 10:19 am

LYG

SAN

Iranian entities, including the Islamic Revolutionary Guard Corps, reportedly used Lloyds Banking Group PLC (NYSE:LYG) and Banco Santander SA (NYSE:SAN) to evade U.S. sanctions. The banks are under investigation by U.S. authorities for their potential involvement in these transactions. The situation escalates tensions between the U.S. and Iran, amid concerns over Iran's support to Houthi rebels in Yemen.

Portfolio Pulse from Benzinga Neuro

February 05, 2024 | 7:43 am

ICLN

TSLA

Short-seller Jim Chanos criticized Tesla CEO Elon Musk's proposal for a carbon tax as a measure against climate change, labeling Musk as 'Subsidy King' and 'new darling of the Right'. Musk advocates for a carbon tax to combat climate change, citing a $5.3 trillion annual carbon subsidy per the IMF. Chanos, known for his bets against Tesla and Enron, recently closed his hedge fund. The debate highlights differing views on addressing climate change and the role of electric vehicles and renewable energy.

Portfolio Pulse from Shanthi Rexaline

February 05, 2024 | 6:24 am

SPY

In a recent interview on CBS' 60 Minutes, Powell highlighted that geopolitical risks are the largest near-term risks, with a greater impact expected on other parts of the world than on the U.S.

Portfolio Pulse from Charles Gross

February 05, 2024 | 12:18 am

EIS

SPY

USO

In an interview on NBC's Meet The Press, White House National Security Adviser Sullivan declined to comment on whether the U.S. has ruled out conducting strikes inside Iran. This statement has implications for geopolitical tensions and could impact financial markets.

Portfolio Pulse from Charles Gross

February 04, 2024 | 3:24 pm

BLK

JPM

Financial experts including Bill Gross, BlackRock, and Jamie Dimon provided insights on the U.S. economy, discussing a looming debt crisis, bullish views on U.S. stocks, and potential unemployment rate increases. Gross compared the U.S.'s $34 trillion debt to climate change impacts, predicting inflation due to annual deficits. BlackRock upgraded U.S. stocks to 'overweight', anticipating an economic soft landing and interest rate cuts. Mizuho's Dominic Konstam projected unemployment could double by year-end. Peter Schiff criticized the Federal Reserve's inflation policy, and Dimon warned of a global market 'rebellion' due to U.S. debt levels.

Portfolio Pulse from Benzinga Neuro

February 04, 2024 | 11:08 am

BTCUSD

'Rich Dad Poor Dad' author Robert Kiyosaki issued a warning about an imminent crash in the stock and bond markets, despite recent positive trends. He attributes the market's buoyancy to the 'Magnificent Seven' companies, supported by government funding, and criticizes the perceived economic prosperity as deceptive. Kiyosaki's skepticism extends to traditional financial systems, advocating for Bitcoin as a defense against wealth erosion. His history of similar predictions has drawn skepticism from some market observers.

Portfolio Pulse from Bibhu Pattnaik

February 03, 2024 | 5:46 pm

SPY

USO

US military has initiated retaliatory airstrikes in Syria following a drone attack, according to officials. This action represents a significant escalation in US military involvement in the region.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 8:31 pm

SNCR

Israel and Hamas are reportedly moving towards a ceasefire and hostage release deal, facilitated by the U.S., Egypt, Qatar, and Israel. Hamas has shown initial support for the proposal, which involves a phased release of hostages and prisoners. Israeli Prime Minister Netanyahu insists on continuing military operations in Gaza for an 'absolute victory' and criticizes U.S. financial sanctions on Israeli settlers for violence in the West Bank. Defense Minister Gallant eyes Rafah as the next military target.

Portfolio Pulse from Neil Dennis

February 02, 2024 | 8:29 pm

EIS

USO

Yemen's Houthi rebels launched ballistic missiles targeting Israel's Eilat, marking a significant escalation in regional tensions. The event could impact global oil markets and security-related assets.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:41 pm