Streetbeat News

Regulatory

BTCUSD

Vitaliy Katsenelson, CEO of Investment Management Associates, warns against former President Donald Trump's proposal for a Bitcoin strategic reserve, suggesting it could weaken the U.S. dollar's status. Katsenelson argues that promoting Bitcoin could undermine confidence in the dollar, especially as U.S. debt rises. Trump's proposal could legitimize Bitcoin as a reserve currency, potentially boosting its price but also exposing investors to risks if the government sells its holdings.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 7:18 am

COIN

XRP

Paul Krugman criticizes the cryptocurrency industry's massive political spending in the current election cycle, questioning its value and influence. He highlights the $119 million spent by companies like Coinbase and Ripple on pro-crypto candidates, despite the industry's lack of significant use cases.

Portfolio Pulse from Aniket Verma

September 02, 2024 | 5:49 am

TSM

An analysis reveals that China's semiconductor technology is only three years behind Taiwan Semiconductor Manufacturing Co. (TSMC), despite U.S. export restrictions. SMIC's 7-nanometer chips are nearly comparable to TSMC's 5-nanometer chips, indicating China's rapid progress in chip production. The U.S. restrictions mainly target advanced server chips, allowing other developments to continue. China's significant investment in semiconductor technology highlights its strategic importance in the global chip race.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 5:14 am

BA

NASA astronaut Butch Wilmore reported hearing strange sonar-like sounds from Boeing's Starliner spacecraft, which has been docked at the International Space Station for nearly three months. The source of the noise is unknown, and the Starliner is scheduled to return to Earth soon. Due to technical issues, NASA decided to bring the astronauts back using a SpaceX vehicle instead.

Portfolio Pulse from Ananya Gairola

September 02, 2024 | 5:07 am

AMZN

Concerns are rising over the influence of Jeff Bezos's Earth Fund and Amazon on the carbon credit market. The Bezos Earth Fund supports the Science Based Targets initiative (SBTi), which is reconsidering its approach to carbon offsets. Amazon is expanding its climate initiatives but faces criticism for not reporting certain emissions. The UK charity commission is advising SBTi on governance improvements.

Portfolio Pulse from Benzinga Neuro

September 02, 2024 | 2:46 am

AAPL

AMZN

NVDA

This week in AI, Apple is considering investing in OpenAI, potentially valuing it at over $100 billion. Amazon's AI assistant has significantly improved software upgrade efficiency. Nvidia is expected to have strong near-term business despite potential Blackwell delays. Concerns were raised about the US's AI warfare preparedness.

Portfolio Pulse from Benzinga Neuro

September 01, 2024 | 1:01 pm

CURLF

TCNNF

Former President Donald Trump has endorsed Florida's Amendment 3, which seeks to legalize recreational marijuana. This endorsement has been welcomed by the cannabis industry, including leaders from Trulieve and Curaleaf, who see it as a significant step towards broader legalization. Trump's support could be crucial in achieving the 60% voter approval needed for the amendment to pass.

Portfolio Pulse from Maureen Meehan

August 31, 2024 | 9:46 pm

TCNNF

Donald Trump has endorsed Florida's Amendment 3, which seeks to legalize recreational marijuana, marking a significant shift in his stance on drug policy. This endorsement could influence the upcoming November vote and impact the political landscape, particularly affecting Governor Ron DeSantis, who opposes the measure. Trulieve, a major medical marijuana company, is a key financial supporter of the pro-cannabis campaign.

Portfolio Pulse from Maureen Meehan

August 31, 2024 | 6:13 pm

BA

NASA has adjusted the SpaceX Crew-9 mission to accommodate astronauts stranded at the ISS due to Boeing's Starliner issues. Only two astronauts will launch on Crew-9, while two others will return to Earth in 2025. Boeing's Starliner will return to Earth without a crew due to technical issues.

Portfolio Pulse from Anan Ashraf

August 31, 2024 | 3:46 am

BFI

BurgerFi has received deficiency notices from Nasdaq due to its failure to timely file its Form 10-Q. This could lead to potential delisting if not addressed.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:32 pm