Streetbeat News

Regulatory

VRNOF

The U.S. Department of Justice is urging a federal appeals court to uphold the federal cannabis ban, despite state-level legalizations. The case, led by Canna Provisions Inc. and supported by Verano Holdings, challenges the Controlled Substances Act. Attorney David Boies argues for reexamination due to changing regulations and enforcement policies.

Portfolio Pulse from Rolando García

October 14, 2024 | 3:01 am

BTCUSD

Anthony Scaramucci praised Donald Trump for influencing the cryptocurrency debate, suggesting it forces Democrats to reconsider their stance. This shift could benefit the crypto industry. The political landscape around cryptocurrencies is gaining attention, with Trump promising crypto-friendly policies.

Portfolio Pulse from Aniket Verma

October 14, 2024 | 2:46 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced declines amid concerns over high inflation and potential Bitcoin liquidation by the US government. Analysts predict a possible Bitcoin breakout to $63.5K-$65K after initial market shakeout.

Portfolio Pulse from Aniket Verma

October 14, 2024 | 1:53 am

AAWH

CURLF

Massachusetts cannabis regulators fined Ascend Wellness Holdings and Curaleaf Holdings a total of $165,000 for safety violations. Ascend was fined $85,000 for track-and-trace compliance issues, while Curaleaf was fined $80,000 for contamination prevention failures. Both companies have committed to corrective measures.

Portfolio Pulse from Nicolás Jose Rodriguez

October 13, 2024 | 7:16 pm

MSTR

The crypto world was abuzz with various stories, including Trump's election odds on Polymarket, speculation about Bitcoin's creator, Shiba Inu's developer's cryptic post, Peter Schiff's advice to MicroStrategy, and Gary Gensler's doubts about cryptocurrency's future.

Portfolio Pulse from Benzinga Neuro

October 13, 2024 | 5:44 am

TSLA

UBER

Tesla's stock dropped 10% after an underwhelming robotaxi presentation, failing to impress Wall Street. Analysts criticized the lack of execution details and drew unfavorable comparisons to Waymo's service. Meanwhile, Uber's stock rose 9% as investors doubted Tesla's impact on traditional ride-hailing.

Portfolio Pulse from Bibhu Pattnaik

October 12, 2024 | 6:30 pm

CRLBF

TCNNF

Florida's Amendment 3 aims to legalize recreational marijuana, sparking political debate. Sen. Joe Gruters reassures voters about regulated public use, countering Governor DeSantis' opposition. Cannabis companies like Trulieve and Cresco Labs close operations due to Hurricane Milton.

Portfolio Pulse from Nicolás Jose Rodriguez

October 12, 2024 | 6:25 pm

JPM

Jamie Dimon, CEO of JPMorgan Chase, warns of global risks to the economy, highlighting issues like slowing inflation, fiscal deficits, and geopolitical instability. He emphasizes the need for preparedness and infrastructure improvements.

Portfolio Pulse from Bibhu Pattnaik

October 12, 2024 | 3:00 pm

GOOG

GOOGL

NVDA

PLTR

RIVN

Benzinga highlights bullish and bearish stock stories, including Nvidia's institutional call-buying, Palantir's AI strategy, and Rivian's production cut due to supply issues. Alphabet faces potential breakup by DOJ, and Chinese stocks fall due to lack of stimulus.

Portfolio Pulse from Michael Cohen

October 12, 2024 | 2:30 pm

TMUS

SpaceX, led by Elon Musk, is offering free Starlink satellite internet service to victims of Hurricanes Helene and Milton until the end of the year. This initiative, supported by temporary FCC authorization, aims to aid disaster recovery by providing essential communication services. SpaceX and T-Mobile have activated Direct-to-Cell coverage to enhance emergency alerts in affected areas.

Portfolio Pulse from Rounak Jain

October 12, 2024 | 6:56 am