Streetbeat News

Regulatory

BTCUSD

VanEck's new report forecasts Bitcoin (BTC) could reach $2.9 million by 2050, with scenarios ranging from $130,000 to $52 million. The projection is based on Bitcoin becoming a key player in the global financial system, settling 10% of international trade and 5% of domestic trade. Key risks include Bitcoin mining sustainability, community schisms, government regulation, and competition from other cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

July 25, 2024 | 4:49 pm

TCNNF

Florida Governor Ron DeSantis criticized the state's cannabis legalization initiative, Amendment 3, stating it should not have been allowed on the ballot due to misleading summaries. Despite his opposition, recent polls show strong support for the initiative. Trulieve Cannabis Corp has invested heavily in promoting the measure.

Portfolio Pulse from Maureen Meehan

July 25, 2024 | 4:42 pm

DATS

DatChat has received a Notice of Allowance for its US patent application titled 'Blockchain-Based Communication Systems And Methods'. This development could enhance the company's technological capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 3:39 pm

VERO

Venus Concept has received Health Canada approval for its Venus Bliss Max Body Shaping System, which could enhance its market presence and revenue potential in the Canadian market.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 3:23 pm

VERO

Venus Concept has received Health Canada approval for its Venus Bliss MAX body shaping system, which is expected to enhance the company's product offerings in the aesthetic medical device market.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 3:23 pm

SPY

USO

VGK

U.S. Treasury Secretary Janet Yellen stated that sanctions and an oil price cap have constrained Russian revenues. Additionally, the threat of sanctions on financial institutions is impairing Russia's ability to acquire goods needed for its war effort.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 3:14 pm

AIQ

BTCUSD

FXY

GLD

MSFT

QQQ

The article discusses various market movements and economic indicators. Key points include a drop in QQQ due to speculative sentiment, a cooling AI frenzy affecting semiconductor stocks, and a stronger-than-expected Q2 GDP. The yen's rise is impacting gold, bitcoin, and oil prices. Notable stocks and ETFs mentioned include AAPL, ADI, AIQ, AMAT, AMZN, GOOG, IYW, MDB, META, MSFT, MU, NVDA, NXPI, PCG, PWR, QCOM, QQQ, SMH, SPY, TSLA, GLD, SLV, and USO.

Portfolio Pulse from The Arora Report

July 25, 2024 | 3:12 pm

PFE

The European Commission has granted conditional marketing authorization to Pfizer's DURVEQTIX, a one-time gene therapy for adults with hemophilia B. This therapy has shown significant efficacy in reducing bleeds and could replace the need for regular prophylaxis treatments.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:52 pm

SPY

U.S. Treasury Secretary Janet Yellen emphasized the Biden Administration's commitment to multilateralism and strengthening ties with allies. She urged faster debt restructuring for poor countries and more support for those struggling with high debt service costs. Yellen also highlighted U.S. concerns over China's economic model and excess manufacturing capacity, which are shared by many at the G20 meetings.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:49 pm

SPY

U.S. Treasury Secretary Janet Yellen stated that the Q2 GDP and inflation data affirm the U.S. is on a path to steady growth and declining inflation. The strong growth is attributed to the Biden-Harris administration's economic plan, which has created 15.7 million jobs since taking office. However, prices remain high for many Americans, and the administration is working to address cost pressures in housing, healthcare, and energy.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 2:48 pm