Streetbeat News

Regulatory

SPY

USO

South Sudan is negotiating with Kenya and Ethiopia to transport oil via trucks for export, bypassing conflict-ridden Sudan. This move could reduce the risk associated with the current pipeline system running through Sudan. The country's economy heavily relies on oil exports.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:15 pm

CORN

SOYB

SPY

VGK

WEAT

The U.S. is collaborating with Romania to potentially double Ukraine's grain exports via the Danube route. This could impact the prices of commodities like corn and wheat.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:11 pm

CORN

SOYB

SPY

VGK

WEAT

The U.S. State Department is exploring alternative routes for Ukrainian grain exports, most prominently via the Danube, according to a senior official. This could potentially impact the supply and prices of grain commodities.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:09 pm

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ARKK

ARKW

BTCUSD

COIN

GBTC

A federal appeals court has vacated the SEC's rejection of Grayscale Investments' application to convert the Grayscale Bitcoin Trust into an ETF. This ruling could potentially lead to the approval of more Bitcoin ETFs. Cathie Wood, founder of Ark Invest, had predicted this outcome and believes that the approval of Bitcoin ETFs could increase demand for Bitcoin. Grayscale Bitcoin Trust and Coinbase are significant holdings in several Ark Invest ETFs.

Portfolio Pulse from Chris Katje

August 30, 2023 | 2:05 pm

AMZN

CONN

CVX

GOOG

HYMTF

JBLU

PVH

WBD

WMT

Several companies have made significant announcements. Warner Bros. Discovery has appointed Mark Thompson as the new leader of CNN. Hyundai's JV is investing in Korea Zinc to bolster EV battery raw material supply. Toyota's global production and sales increased in July. JetBlue has launched a new non-stop flight from New York to Amsterdam. Alphabet is trialing a new song-searching feature on YouTube. The FDA has criticized Amazon for listing unauthorized drugs. US Steel is evaluating buyout offers. Walmart is asking some pharmacists to take voluntary pay cuts. A lawsuit against Burger King alleging deceptive advertising continues. Chevron has evacuated staff from some oil platforms due to a hurricane. Conn's reported a revenue decline in Q2 FY24, while PVH's Q2 FY23 sales grew.

Portfolio Pulse from Vandana Singh

August 30, 2023 | 2:03 pm

IBM

IBM's federal human resources (HR) shared service solution, IBM Federal HR Cloud, has received Federal Risk and Authorization Management Program (FedRAMP) authorization. The IBM Federal HR Cloud, which services over 500,000 employees across five federal agencies, is the only private sector HR shared services solution certified by the U.S. Office of Personnel Management (OPM) that actively services federal agencies. The FedRAMP authorization enhances the ability of federal HR departments to securely leverage today's latest technologies and services.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:01 pm

SPY

USA's pending home sales for July increased by 0.9%, beating the estimated decrease of -0.6% and the prior figure of 0.3%.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:00 pm

CLVR

Clever Leaves Holdings Inc. (NASDAQ:CLVR) has been granted an International Declaration of Carbon Neutrality by the 100% Carbon Neutral Program, making it the first known vertically integrated medicinal cannabis company to achieve this certification. The company has implemented several sustainability measures, including solar energy use, waste management optimization, and recycling. In 2022, Clever Leaves reported a total carbon footprint of 318 tons of CO2 equivalent across all its operations and has neutralized its remaining emissions by acquiring international carbon credits.

Portfolio Pulse from Javier Hasse

August 30, 2023 | 1:49 pm

EBS

WBA

Walgreens Boots Alliance Inc (WBA) announced that over-the-counter NARCAN Nasal Spray will be available at its stores and online from September 5, following FDA approval. Emergent BioSolutions Inc (EBS), the maker of NARCAN, also announced that Naloxone 4 mg will be available nationwide from September. The spray can reverse the effects of opioids, including fentanyl.

Portfolio Pulse from Shivani Kumaresan

August 30, 2023 | 1:45 pm

LEXX

LEXXW

Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW) has provided an update on its Investigational New Drug (IND) application with the U.S. Food and Drug Administration (FDA) for its planned U.S. Phase 1b Hypertension Clinical Trial. The company has completed work under its control, but the submission of the IND package to the FDA has been delayed due to the lack of required documentation from one of Lexaria's material suppliers.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:24 pm