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Oregon's pioneering psilocybin industry is struggling to attract customers a year after its launch. Despite the initial excitement, the industry faces challenges such as regulatory hurdles, marketing restrictions, and competition. Some service centers have already closed, and more may follow. Entrepreneurs and facilitators are working to raise awareness and adapt to the competitive market.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:07 pm

SPY

The Federal Reserve projects 2.1% GDP growth and 4% unemployment for 2024, raises the inflation forecast to 2.6%, and sees the Fed Funds Rate at a median of 5.1% by the end of 2024. The discount rate remains unchanged at 5.50%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:02 pm

SPY

The Federal Reserve has reported that inflation has eased over the past year but remains elevated. This indicates a potential shift in monetary policy and economic outlook.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:02 pm

DIA

GLD

IWM

QQQ

SPY

Indexes and gold prices have pulled back after the Federal Reserve decided to leave interest rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:02 pm

SPY

The Federal Reserve has decided to maintain the interest rate paid on reserve balances at 5.4% and the federal funds rate in a target range of 5.25% to 5.5%. The Fed will also conduct various open market operations and reinvestments to manage liquidity and monetary policy.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:01 pm

SPY

The Federal Reserve's FOMC statement for June 12, 2024, indicates that economic activity continues to expand, job gains remain strong, and inflation has eased but is still elevated. The Fed decided to maintain the federal funds rate at 5.25% to 5.5% and will continue reducing its holdings of Treasury securities and agency debt. The Committee remains vigilant about inflation risks and will adjust monetary policy as needed.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:00 pm

SPY

The Federal Reserve has decided to leave the key overnight interest rate unchanged, signaling a cautious approach to monetary policy amid economic uncertainties.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:00 pm

SPY

VGK

The Moscow Exchange (MOEX) will halt trading in the U.S. dollar and euro starting June 13, following new U.S. financial sanctions against Russia. The sanctions also target the National Clearing Center and the National Settlement Depository. Russia's Central Bank will continue USD and euro transactions on the OTC market. The SPB Exchange, already sanctioned in November 2023, specializes in trading foreign shares, making trading American and European securities difficult in Russia.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:16 pm

GOOG

GOOGL

SPY

The U.S. agency has requested new details from Waymo regarding all prior incidents involving self-driving vehicles by August 6, according to a letter cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:14 pm

EWJ

SPY

The Bank of Japan (BOJ) is considering reducing its government bond purchases, according to Nikkei. This move could have significant implications for financial markets, particularly for Japanese equities and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:06 pm