Streetbeat News

Regulatory

SVM

Silvercorp Metals has announced the renewal of its SGX mine permit for another 11 years, with an increased capacity of 500,000 tonnes per year. This development is significant for the company's future production capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 9:21 pm

X

Brazil's Supreme Court has lifted the ban on Musk's social media platform X, allowing it to resume operations in Brazil after settling fines related to misinformation. This decision ends a month-long suspension in its largest Latin American market.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:42 pm

SPY

Federal Reserve's Collins suggests that the optimistic outlook for the U.S. economy has broadened, indicating potential positive impacts on the market.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:30 pm

MSOS

VFF

Michael Degiglio, CEO of Village Farms, emphasized the significant influence of politics on decision-making processes. The discussion may have implications for companies like Village Farms and potentially for cannabis-focused ETFs such as MSOS.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:29 pm

SPY

Federal Reserve's Collins indicates that the Fed is focusing on both employment and inflation mandates. The labor market is stable, and Collins expects 2% inflation by late next year. High price levels remain a challenge.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:28 pm

MSOS

At Benzinga's Cannabis Capital Conference, Nick Richards from Greenspoon Marder LLP emphasized the importance of court rulings over IRS statements in the cannabis industry. The discussion may have implications for cannabis-related investments, such as the MSOS ETF.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 7:58 pm

GM

General Motors (GM) anticipates a financial benefit of approximately $800 million in 2024 from the Inflation Reduction Act (IRA), with expectations for this benefit to grow in subsequent years.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 7:41 pm

GOOGL

LYFT

TSLA

UBER

Tesla is set to hold its Robotaxi event on Oct. 10, amid skepticism about autonomous vehicles. Despite Tesla's history of overpromising and regulatory scrutiny, the company aims to unveil its robotaxi network. Waymo, owned by Alphabet, leads the market with 22 million driverless miles. The event's outcome could impact ride-sharing services like Uber and Lyft.

Portfolio Pulse from Surbhi Jain

October 08, 2024 | 7:33 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets, including Bitcoin, Ethereum, and Dogecoin, are trading lower due to China's stimulus measures being less than expected. Despite this, there are significant developments such as Fidelity's large Bitcoin purchase and legal battles involving Crypto.com. Analysts predict potential upward movement for Bitcoin.

Portfolio Pulse from Khyathi Dalal

October 08, 2024 | 7:32 pm

SPY

Florida Governor Ron DeSantis announced in a press conference that the National Guard deployment will increase from 5,000 to 8,000 in response to Hurricane Milton.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 7:24 pm