Streetbeat News

Regulatory

SPY

President Biden has signed a major disaster declaration for Florida, as reported by Reuters. This move could potentially lead to increased federal funding for the state.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:44 pm

CORN

SOYB

SPY

VGK

WEAT

Russian Foreign Minister Lavrov has stated that the West is hampering Russian grain and fertilizer exports. He added that if promises are fulfilled, the grain deal could be resumed immediately.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:42 pm

CORN

SOYB

WEAT

Turkey's Foreign Minister has announced that Russia has some demands regarding the exports of its own grain. The United Nations has prepared a new package for a grain deal, which is considered important.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:35 pm

DOGEUSD

Elon Musk, owner of X (formerly Twitter), has denied rumors of an internal token for the platform. This comes as X has been granted a license to provide cryptocurrency wallet services within Rhode Island. Dogecoin (CRYPTO: DOGE) supporters believe that this could pave the way for DOGE adoption on the platform.

Portfolio Pulse from Mehab Qureshi

August 31, 2023 | 2:34 pm

CORN

SOYB

SPY

VGK

WEAT

Russian Foreign Minister Lavrov has stated that Russia is ready to resume Ukraine's part of the Black Sea Grain Deal as soon as there are concrete decisions. This could potentially impact the grain market.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:29 pm

SPY

VGK

Russian Foreign Minister Lavrov has stated that Zelenskiy's peace formula for settlement in Ukraine is unacceptable and doomed to fail. This could potentially escalate tensions between Russia and Ukraine.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:28 pm

MSOS

AdvisorShares Pure US Cannabis ETF (NASDAQ:MSOS) shares are trading higher by 7.3% amid strength in the broader cannabis sector. This follows a report suggesting the Department of Health and Human Services (HHS) has called for moving marijuana to a lower-risk drug category. The recommendation is informed by an FDA evaluation of marijuana's classification.

Portfolio Pulse from Henry Khederian

August 31, 2023 | 2:28 pm

TLRY

Shares of Tilray Inc (NASDAQ:TLRY) are trading higher by 3.8% amid strength in the broader cannabis sector. This follows a report suggesting the Department of Health and Human Services (HHS) has called for moving marijuana to a lower-risk drug category. The reclassification of marijuana from Schedule I to Schedule III under the Controlled Substances Act is a significant change, as Schedule I substances include highly abused drugs like heroin.

Portfolio Pulse from Henry Khederian

August 31, 2023 | 2:27 pm

SPY

TUR

VGK

Russian Foreign Minister Lavrov has announced that a meeting between President Putin and President Erdogan will take place soon. The details of the meeting are yet to be disclosed.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:26 pm

SPY

TUR

UNG

USO

VGK

Russian Foreign Minister Lavrov has announced that Russia is committed to increasing gas exports to Turkey. This could potentially impact the energy market and related ETFs.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:25 pm