Streetbeat News

Regulatory

FXI

SPY

The United States Secretary of Commerce, Gina Raimondo, held a call with China's Commerce Minister. This interaction could have implications for US-China trade relations.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:05 pm

MSOS

Pablo Zuanic of Zuanic & Associates highlights the positive momentum in the cannabis sector, with an upcoming hearing and likely rescheduling. However, he notes that valuations remain depressed and consolidation is not occurring.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:05 pm

SPY

Federal Reserve's Bostic reports that businesses are observing increased price sensitivity among consumers, limiting their ability to raise prices.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:03 pm

MSOS

Laura Bianchi, Co-Founder of Bianchi & Brandt, discusses the potential impact of rescheduling on mergers and acquisitions (M&A) in the cannabis industry. She anticipates more creative collaborations and joint ventures, as well as increased interest from banks and credit unions in servicing the industry.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:02 pm

SPY

Federal Reserve's Raphael Bostic stated that the current inflation rate is significantly above the 2% target. He expressed concerns that the economy's strength might hinder policy adjustments.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:57 pm

MSOS

Benzinga's Cannabis Capital Conference is discussing consolidation trends in the cannabis industry following cannabis rescheduling. The focus is on identifying potential winners and losers in the market.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:54 pm

SPY

Federal Reserve's Bostic stated that the current monthly job creation is higher than necessary for population growth, indicating the economy is nearing the Fed's targets. This suggests a stable economic outlook.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:54 pm

SPY

Federal Reserve's Raphael Bostic stated that the labor market has slowed down but is not considered slow or weak. This suggests a moderate economic environment, which may influence monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:53 pm

CURLF

MSOS

Curaleaf's Executive Chairman, Boris Jordan, criticized Democrats for their lack of action on cannabis legislation over the past four years. He also noted that pharmaceutical companies have not yet synthesized cannabinoids commercially and have been anti-cannabis.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:48 pm

BTCUSD

FTX's reorganization plan to repay creditors up to $16.5 billion has been approved, potentially injecting billions into the crypto market. This could have a bullish impact on Bitcoin, as analysts predict up to $2.4 billion could flow back into the market.

Portfolio Pulse from Ivan Crnogatić

October 08, 2024 | 4:46 pm