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Regulatory

HOOD

Robinhood is expanding its crypto strategy, attracting millennials and boosting revenue. The company acquired Bitstamp for $200 million and expanded services to the EU. Analysts predict significant revenue growth, despite potential SEC legal challenges.

Portfolio Pulse from Khyathi Dalal

September 11, 2024 | 6:41 pm

EPC

JNJ

KMB

PG

The FDA is addressing concerns about tampon safety after a study found metals in tampons. Companies like Procter & Gamble, Johnson & Johnson, Edgewell Personal Care, and Kimberly-Clark are involved. The FDA is conducting further investigations to assess the risk of metal exposure from tampons.

Portfolio Pulse from Vandana Singh

September 11, 2024 | 6:37 pm

SPY

State election officials have expressed serious concerns over the U.S. Postal Service's plans for delivering presidential election ballots, as reported by Reuters. This raises potential issues regarding the timely and secure delivery of ballots.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:36 pm

SPY

The Federal Reserve's Inspector General has concluded that Raphael Bostic, President of the Federal Reserve Bank of Atlanta, had no financial conflicts of interest and there is no evidence that his trades were based on confidential FOMC information.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:35 pm

HITI

High Tide Inc., Canada's largest cannabis retailer, has partnered with Positive Intent Events to expand its cannabis offerings to events, following Alberta's decision to allow cannabis pop-up stores at adult-only festivals. This joint venture aims to leverage High Tide's market share and innovative discount club model in the nascent cannabis hospitality sector.

Portfolio Pulse from Nina Zdinjak

September 11, 2024 | 6:31 pm

SPY

A report by the Fed Inspector General revealed that Fed's Bostic violated Reserve Bank holdings policies by exceeding the $50,000 threshold in U.S. Treasury bonds or notes from June 11, 2021, to June 9, 2022.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:29 pm

SPY

The Federal Reserve Inspector General reported that Raphael Bostic, President of the Federal Reserve Bank of Atlanta, failed to report securities transactions on financial disclosure forms from 2017 to 2020 and violated the FOMC blackout rule. Additionally, inaccuracies were found in his 2021 and 2022 disclosures.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:28 pm

NNE

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares surged after announcing a partnership with GNS to develop a transportation system for HALEU nuclear fuel. This agreement aims to enhance safety and efficiency in nuclear fuel transport, aligning with regulatory standards. Additionally, NNE will be included in the Russell 3000 Index.

Portfolio Pulse from Nabaparna Bhattacharya

September 11, 2024 | 6:18 pm

SPY

The Atlanta Federal Reserve has acknowledged an Inspector General (IG) report concerning trading activities by Raphael Bostic, the President of the Atlanta Fed. The Fed Board is reviewing the report, and the Atlanta Fed plans to meet to discuss next steps.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:14 pm

SPY

A Federal Reserve Inspector General report found that Atlanta Fed President Raphael Bostic violated trading rules, creating an appearance of acting on confidential information and a conflict of interest.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:03 pm