Streetbeat News

Regulatory

FXI

SPY

A senior U.S. intelligence official has stated that the U.S. assesses China is not attempting to influence the outcome of the U.S. presidential election.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 7:23 pm

EWI

INDA

The US State Department has approved potential military sales to India, Italy, and Romania, totaling $965 million. These sales include torpedoes to India, an electronic attack mission system to Italy, and a radar system to Romania.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 7:09 pm

FSM

Fortuna Mining Corp shares are trading lower due to media reports about potential withdrawal of mining permits. However, the company confirmed that the government has no plans to withdraw permits that comply with Burkina Faso's laws.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:40 pm

SPY

Neel Kashkari, a Federal Reserve official, expressed a desire to remove barriers to accessing the Fed's discount window, which could impact liquidity and financial stability. This statement may influence market sentiment and investor behavior.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:37 pm

TCNNF

A panel hosted by Zuanic & Associates discussed the regulatory challenges facing the hemp industry, with a focus on Florida. The panelists highlighted the growth of hemp-derived products and the potential of the hemp beverage market. They criticized the monopolistic tendencies of large cannabis companies and called for clear federal regulation, referencing Senator Ron Wyden's Cannabinoid Safety and Regulation Act as a potential guide.

Portfolio Pulse from Rolando García

October 07, 2024 | 6:27 pm

GOOGL

A U.S. judge has ordered Google to allow more competition in its app store, potentially impacting its business model and revenue from app store operations.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:25 pm

SOXX

The iShares Semiconductor ETF (SOXX) has seen significant gains due to demand in AI, cloud computing, and automotive technologies. However, it is approaching a 'Death Cross,' a bearish technical indicator, amid geopolitical tensions and supply chain issues. Despite strong performance, investors should be cautious of potential volatility.

Portfolio Pulse from Surbhi Jain

October 07, 2024 | 6:13 pm