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Regulatory

TSLA

The article discusses the potential stance on cannabis legalization by GOP candidates Donald Trump, Ron DeSantis, and Nikki Haley if elected. Trump's views are unclear, while DeSantis has a mixed stance, supporting medical marijuana in Florida but not federal legalization. Haley supports states' rights to decide on legalization.

Portfolio Pulse from Maureen Meehan

May 30, 2023 | 2:15 am

BNO

VDE

OPEC Secretary General Haitham Al-Ghais stated that the alliance will welcome Iran's full return to the oil market when sanctions are lifted. Iran has the capacity to bring significant production volumes within a short period of time. Oil prices were trading higher during Tuesday morning's Asian trading session.

Portfolio Pulse from Bhavik Nair

May 30, 2023 | 1:38 am

SPY

The SPDR S&P 500 (SPY) closed up 1.3% on Friday ahead of news that President Joe Biden and House Speaker Kevin McCarthy reached a tentative deal to increase the debt ceiling. The SPY faces resistance at $420.76, and its momentum could be affected by the Federal Reserve's decision on interest rates in their upcoming meeting.

Portfolio Pulse from Melanie Schaffer

May 29, 2023 | 7:00 pm

SPY

President Biden expressed optimism about the prospects for the passage of a debt ceiling deal, which could prevent a potential default on U.S. government debt.

Portfolio Pulse from Charles Gross

May 29, 2023 | 6:49 pm

FXI

TSLA

Tesla CEO Elon Musk is expected to visit China this week and meet with government officials, according to Reuters. The purpose of the visit remains undisclosed.

Portfolio Pulse from Charles Gross

May 29, 2023 | 2:05 pm

SPY

The U.S. House Rules Panel is set to meet on Tuesday afternoon to discuss the debt ceiling bill, which could impact the financial markets.

Portfolio Pulse from Charles Gross

May 29, 2023 | 1:13 pm

TSLA

Tesla Inc (TSLA) is reportedly renewing its interest in India's growing electric vehicle (EV) market, with a high-ranking delegation meeting Union Commerce Ministry officials in New Delhi. The company aims to ramp up production to 20 million electric cars annually by 2030 and diversify its dependency on China.

Portfolio Pulse from Shomik Sen Bhattacharjee

May 29, 2023 | 12:17 pm

MSTR

A Twitter poll by MicroStrategy executive chairman Michael Saylor reveals that 83.8% of US voters want presidential candidates to support their right to use Bitcoin. The poll received nearly 31,000 responses, with 16.2% voting negatively. This highlights the growing importance of cryptocurrency in political discourse.

Portfolio Pulse from Mehab Qureshi

May 29, 2023 | 5:05 am

SHY

VGSH

President Biden and House Speaker Kevin McCarthy have reached a tentative deal on the debt ceiling, leading to an expected issuance of over $1 trillion of Treasury bonds by the end of Q3. This may cause short-term yields to rise, impacting households and businesses as banks increase lending rates.

Portfolio Pulse from Bhavik Nair

May 29, 2023 | 1:28 am

SPY

A bill has been proposed to authorize a 1% increase in security spending for fiscal year 2025, potentially impacting companies in the defense and security sectors.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2023 | 12:05 am