Streetbeat News

Regulatory

NLCP

The potential rescheduling of cannabis by the DEA is a critical issue for the cannabis industry, with a key hearing scheduled for December 2024. Experts discussed the procedural and political challenges that could delay the process, emphasizing that while rescheduling is a positive step, full descheduling is the ultimate goal for effective regulation.

Portfolio Pulse from Nicolás Jose Rodriguez

September 13, 2024 | 3:06 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin remained stable as investors await the Fed's FOMC meeting. Bitcoin's price stayed below $64,000, raising concerns of a potential drop to $31,500. The market showed a mix of bullish and bearish sentiments, with a negative funding rate on major exchanges.

Portfolio Pulse from Aniket Verma

September 13, 2024 | 2:51 am

TSLA

Elon Musk expressed concerns on X about a potential global conflict involving the U.S. and Russia, following discussions about Ukraine's use of long-range Western missiles. This comes amid reports of the U.S. possibly lifting restrictions on Ukraine's military actions against Russia.

Portfolio Pulse from Benzinga Neuro

September 13, 2024 | 2:17 am

AAVE

Donald Trump announced the launch of his cryptocurrency venture, World Liberty Financial, on X spaces. The project aims to promote U.S. dollar-pegged stablecoins and has partnered with Aave. Trump's pro-crypto stance may influence future regulations.

Portfolio Pulse from Aniket Verma

September 13, 2024 | 1:35 am

ATAI

AWAKNF

CMPS

MBIO

NUMIF

The FDA has delayed the approval of MDMA-assisted psychotherapy for PTSD, requiring an additional phase 3 trial. Lykos Therapeutics is working to address the FDA's concerns. Meanwhile, other companies like Atai Life Sciences, Numinus Wellness, Compass Pathways, MindBio Therapeutics, and Awakn Life Sciences are advancing their psychedelic treatments for various psychiatric conditions.

Portfolio Pulse from Juan Spínelli

September 13, 2024 | 12:28 am

YJ

Trading for a company identified by the symbol YJ has been halted as of 7:50:00 p.m. ET due to pending news. This indicates that significant information is expected to be released, which could impact the stock price.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:50 pm

HAITY

China's investment banking sector is under pressure due to government scrutiny, with several top bankers detained. Haitong Securities faces travel restrictions for staff and a 75% profit drop. The firm is merging with Guotai Junan Securities amid a challenging IPO market.

Portfolio Pulse from Stjepan Kalinic

September 12, 2024 | 9:23 pm

EA

MSFT

RBLX

Epic Games, EA, Roblox, Activision Blizzard, Mojang Studios, Tencent's Supercell, and Ubisoft face accusations from the European Consumer Organisation of deceiving players into overspending on in-game purchases. The complaint calls for urgent action to address deceptive tactics, particularly affecting children.

Portfolio Pulse from Franca Quarneti

September 12, 2024 | 8:33 pm

ALOT

AstroNova has filed a non-timely 10-Q with the SEC and expects to report Q2 revenue of approximately $40.5 million and a net loss of $0.04 per share.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:21 pm

FXY

QQQ

Major central banks are cutting interest rates to combat slowing inflation, but the Bank of Japan is diverging by raising rates, impacting global markets. This divergence is affecting the carry trade, leading to a stronger yen and impacting U.S. tech stocks, particularly the Nasdaq 100.

Portfolio Pulse from Piero Cingari

September 12, 2024 | 8:20 pm