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Federal Reserve's Neel Kashkari has stated that the biggest risk of artificial intelligence (AI) at present is intellectual property (IP) theft. This could potentially impact companies heavily invested in AI technology.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:39 pm

ACON

Aclarion Inc has filed a prospectus related to the offering and resale by White Lion Capital LLC of up to 12 million shares of common stock, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:38 pm

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Caroline Ellison, associated with cryptocurrency exchange FTX and Alameda Research, testified at Sam Bankman-Fried's criminal trial, revealing his aspirations to become the U.S. president and controversial practices at Alameda and FTX. She detailed how higher value coins on Binance (CRYPTO: BNB) were withdrawn from FTX to be sold on the competitor's platform. Ellison also discussed FTT tokens and 'Sam coins', including Solana (CRYPTO: SOL), and Bankman-Fried's willingness to take extreme risks.

Portfolio Pulse from Murtuza Merchant

October 10, 2023 | 7:35 pm

SPY

Federal Reserve Bank of Minneapolis President Neel Kashkari has stated that it is too soon to declare victory on achieving a soft landing for the economy. This statement comes amidst ongoing discussions about the Federal Reserve's monetary policy and its impact on the economy.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:26 pm

VRNOF

A bill in New York seeks to make smoking marijuana near children illegal, with increased penalties for repeat violations. Three new cannabis retailers have been approved to operate in the state. In Alabama, a former lawmaker is urging the Alabama Medical Cannabis Commission to issue medical cannabis licenses. In California, the Department of Fish and Wildlife has seized over 98,000 illicit cannabis plants in the last three months, focusing on large, unlicensed cultivation sites. A new law in Alaska consolidates the regulation of intoxicating hemp products with existing marijuana industry regulators, increasing taxes and enforcing a minimum purchase age of 21.

Portfolio Pulse from Jelena Martinovic

October 10, 2023 | 7:24 pm

SPY

Federal Reserve's Neel Kashkari has stated that the economy and job market have shown more resilience than he had anticipated. He also mentioned that it seems like the economy is on track for a soft landing.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:24 pm

SPY

Federal Reserve's Neel Kashkari has expressed optimism about the possibility of shrinking the Fed's balance sheet back to the pre-crisis trend line.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:23 pm

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The U.S. State Department has stated that Iran likely had knowledge of Hamas' planned operations against Israel, but without specific details on timing or scope. The department also clarified that there are no current plans for military actions or boots on the ground.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:21 pm

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USO

The U.S. State Department has been in contact with several American citizens in Israel and has assisted some in leaving the country. They have also communicated with air carriers to facilitate travel out of Israel.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:21 pm

SPY

Federal Reserve's Neel Kashkari expressed confusion over the recent rise in the 10-year Treasury yield, attributing it to higher growth expectations. However, he noted that this rise is not accompanied by higher inflation expectations.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:17 pm