Streetbeat News

Regulatory

MOGO

Mogo Inc. (NASDAQ:MOGO) has regained compliance with the Nasdaq minimum bid price requirement. The company's common share price has been $1.00 or greater for at least ten consecutive business days, from August 14, 2023 through August 25, 2023, allowing it to meet the Nasdaq Listing Rule 5550(a)(2).

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 4:38 pm

SPY

UUP

The Bureau of Labor Statistics’ August jobs report is expected to show a slowdown in non-farm payroll growth from 187,000 in July to 170,000 in August, the slowest rate of employment expansion since December 2020. The unemployment rate is predicted to remain stable at 3.5%, and the growth in average hourly earnings is predicted to be steady at 4.4% annually. The report's results could influence the Federal Reserve's future actions, potentially impacting markets and the dollar. The Invesco DB USD Index Bullish Fund ETF (UUP) and the SPDR S&P 500 ETF Trust (SPY) could be affected.

Portfolio Pulse from Piero Cingari

August 31, 2023 | 4:35 pm

SPY

U.S. Secretary of State, Blinken, has announced that the U.S. will pursue visa restrictions for those responsible for undermining democracy in Sierra Leone. This could potentially impact international relations and the political climate.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 4:29 pm

SPY

VGK

UN Chief Guterres has written to Russia's Lavrov with a set of proposals to revive the Black Sea Grain Deal. He emphasized that any renewal of the deal must be stable, without crisis or suspension.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 4:16 pm

COIN

GBTC

MSTR

Analysts at German bank Berenberg suggest that the recent legal victory of Grayscale Investments in its effort to turn its Grayscale Bitcoin Trust into an ETF could influence the SEC to approve other spot Bitcoin ETF applications. Stocks linked to cryptocurrencies, such as Coinbase and MicroStrategy, have seen a surge following Grayscale's success. The potential endorsement of a spot Bitcoin ETF could significantly impact the cryptocurrency sector by attracting more institutional investors.

Portfolio Pulse from Murtuza Merchant

August 31, 2023 | 4:12 pm

ACRHF

JSDA

At the recent Benzinga Cannabis Capital Conference, Luke Anderson, co-founder of Cann, and Smoke Wallin, president and CEO of hemp brand Vertical Wellness Inc., discussed the differential treatment between cannabis and beer in regulatory paradigms. They suggested that the current stance might not only be unfounded but also counterintuitive. The next conference will be held in Chicago on September 27 and 28.

Portfolio Pulse from Joana Scopel

August 31, 2023 | 3:58 pm

PII

Polaris Industries Inc. is recalling its Matryx Pro RMK and Matryx RMK Khaos snowmobiles from model years 2022-2023 due to a serious injury hazard, as announced by the U.S. Consumer Product Safety Commission (CPSC).

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 3:47 pm

STHZF

California has launched the Cannabis Administrative Prosecutor Program (CAPP) to combat illegal cannabis activities by targeting financial aspects. The program, which is starting in Fresno, will work with local governments to address illegal cannabis as a public nuisance and a land-use issue. The program aims to be financially self-sufficient, planning to recover costs through fines, administrative orders, settlements, enforcement actions, and liens. The program will also assist the local legitimate cannabis industry and help grow Fresno’s tax base.

Portfolio Pulse from Joana Scopel

August 31, 2023 | 3:46 pm

SPY

VGK

U.N. Chief Guterres has sent a proposal to Russia's Lavrov on the revival of the Black Sea grain deal. The proposal is a summary of previous U.N. ideas that were not successful, according to a Russian diplomat.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 3:39 pm

VGK

EU's Borrell has announced a new meeting of high-level dialogue on Kosovo and Serbia on September 14. This could potentially impact the Vanguard FTSE Europe ETF (VGK), which has exposure to European markets.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 3:26 pm