Streetbeat News

Regulatory

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

N/A

The Justice Department has filed a lawsuit against LA Fitness, operated by Fitness International LLC, for alleged violations of the Americans with Disabilities Act (ADA). The lawsuit claims that LA Fitness has failed to provide equal access to its facilities for people with disabilities, citing issues such as broken pool lifts and elevators. The department seeks to eliminate these barriers and ensure compliance with ADA requirements.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 7:00 pm

GRAMF

MSOS

REFI

VRNOF

The removal of Section 280E from the Internal Revenue Code could allow cannabis companies to operate like normal businesses, enabling them to deduct typical business expenses. This change would provide companies like Verano Holdings and others with more funds for R&D and make them more attractive to investors. The potential rescheduling of cannabis could further enhance these benefits.

Portfolio Pulse from Jelena Martinovic

October 08, 2024 | 6:48 pm