Streetbeat News

Regulatory

TRSSF

TerrAscend has received regulatory approval from the Maryland Cannabis Administration for the acquisition of Derby 1, LLC, a medical dispensary in Maryland. The acquisition will add a second dispensary to TerrAscend's Maryland footprint ahead of adult-use sales starting on July 1, 2023.

Portfolio Pulse from Maureen Meehan

June 19, 2023 | 10:31 pm

WBD

Actor and cannabis farmer Jim Belushi is considering running for office, potentially pushing for cannabis legalization if elected. Belushi's Farm is featured in the Discovery series 'Growing Belushi', which chronicles his life on the 93-acre marijuana farm in Southern Oregon.

Portfolio Pulse from Nicolás Jose Rodriguez

June 19, 2023 | 8:13 pm

COIN

Coinbase UK director Elke Karskens emphasized the importance of regulations for the long-term success of the crypto industry at the Oxford Blockchain Conference. She highlighted the need for a regulatory framework that protects consumers and fosters innovation, and praised jurisdictions such as the UK, Europe, Hong Kong, Singapore, and Australia for rapidly developing regulatory frameworks.

Portfolio Pulse from Murtuza Merchant

June 19, 2023 | 8:12 pm

JPM

JPMorgan Chase & Co (NYSE:JPM) reviewed its connections with sex offender Jeffrey Epstein in 2019, revealing frequent business advice provided by Epstein to former JPMorgan executive Jes Staley. The bank reached a $290-million settlement in principle with Epstein's victims last week.

Portfolio Pulse from Bibhu Pattnaik

June 19, 2023 | 8:11 pm

LUNAUSD

Terra (CRYPTO: LUNA) founder Do Kwon and executive Han Chang-Joon have been sentenced to four months in prison in Montenegro for attempting to flee the country using counterfeit passports. Kwon is wanted in the US and South Korea on fraud allegations related to Terra's $60-billion collapse in May 2022.

Portfolio Pulse from Murtuza Merchant

June 19, 2023 | 1:19 pm

EWG

INTC

Intel and the German government have agreed on an increased scope for Intel's wafer fabrication site in Magdeburg, with Intel now investing over €30 billion for two semiconductor facilities. The agreement includes increased government support and incentives.

Portfolio Pulse from Charles Gross

June 19, 2023 | 1:10 pm

MSFT

A report suggests that the hacker group Anonymous Sudan, responsible for targeting Microsoft and Australian organizations, may be a Russian-backed group. Cybersecurity firm CyberCX has found evidence of state sponsorship, and the group's true agenda appears to be driving societal division and disrupting the West.

Portfolio Pulse from Ananya Gairola

June 19, 2023 | 12:19 pm

BTCUSD

DOGEUSD

ETHUSD

LTCUSD

Crypto analyst Michaël van de Poppe anticipates a 'DeFi summer' and believes that old coins like XRP and Litecoin may gain momentum. He also sees Dogecoin mirroring XRP's rally. Van de Poppe advises retail investors to maintain a long-term perspective and be cautious with social tokens.

Portfolio Pulse from Mehab Qureshi

June 19, 2023 | 12:10 pm

TSLA

Tesla CEO Elon Musk concluded his European tour, visiting Italy and France. French President Emmanuel Macron posted a picture with Musk, captioned 'Let's work together! #ChooseFrance', but no further details were provided. France expressed interest in a Tesla factory, and Tesla is considering an investment in Spain.

Portfolio Pulse from Anan Ashraf

June 19, 2023 | 10:32 am

BLK

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin remained largely unchanged, while Shiba Inu topped the 24-hour gainer chart with a 926.08% increase in its token burn rate. BlackRock Inc filed an application for a Bitcoin ETF with the SEC, and Binance reached an agreement with the SEC to restrict access to customer funds.

Portfolio Pulse from Shivdeep Dhaliwal

June 19, 2023 | 2:47 am