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The article discusses the current market dynamics where investors are buying stocks on lower yields due to softer economic data. It highlights the performance of various assets including bonds, stocks, and commodities, and provides insights into the behavior of the 'momo crowd' and 'smart money'. Key economic reports and upcoming events are also mentioned.

Portfolio Pulse from The Arora Report

June 05, 2024 | 3:54 pm

SPY

URA

USO

The U.N. Atomic Agency has censured Iran over its nuclear activities, despite threats of retaliation from Iran, which has threatened to reduce monitoring of its nuclear program. The U.S. opposed the European push for censure but ultimately voted in favor.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:31 pm

GRUSF

Grown Rogue International Inc. (OTC:GRUSF) has received licensing approval from the New Jersey Cannabis Regulatory Commission and closed its first option to acquire 44% of ABCO Garden State, LLC. The company plans further expansion in New Jersey and Illinois, with the next acquisition option pending regulatory approval.

Portfolio Pulse from Jelena Martinovic

June 05, 2024 | 3:30 pm

PLUG

Plug Power shares are trading lower following a Senate Republican's request for an investigation into the Department of Energy's recent conditional commitment to provide the company with a $1.66 billion loan guarantee.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:29 pm

TRAW

Traws Pharma, formerly known as Onconova, has been granted European Patent EP4193988 for a method of treating solid tumor cancers.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:16 pm

MDT

Medtronic has reported 28 complaints related to an issue with its StealthStation S8 application, which has led to a recall of certain versions of the software due to a potential error that may cause incorrect measurements during cranial surgery.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:15 pm

EWC

Bank of Canada's Governor Tiff Macklem stated that interest rates are unlikely to return to pre-Covid pandemic levels. He also noted that there have been periods of significant divergence with the Federal Reserve's policies.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:13 pm

EWC

The Bank of Canada's Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers emphasized the need for a restrictive monetary policy. Rogers noted that the Bank of Canada is diverging from other nations due to differing economic conditions. Both officials highlighted that central banks were coordinated during the inflation rise as it was a global issue.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:12 pm

BKCH

FDIG

RIOT

Riot Platforms, Inc (NASDAQ:RIOT) shares are trading lower after Kerrisdale Capital’s Sahm Adrangi issued a bearish report on the stock, criticizing its business model and management practices. Adrangi highlighted the challenges of Bitcoin mining, including high capital requirements and regulatory scrutiny, and questioned Riot's frequent stock issuances and management compensation. Riot's stock has declined 16% over the past year, and investors can also gain exposure through Global X Blockchain ETF (NASDAQ:BKCH) and Fidelity Crypto Industry And Digital Payments ETF (NASDAQ:FDIG).

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 3:05 pm

GME

SEC Chair Gary Gensler discussed AI's transformative role in public markets, potential manipulation in GameStop trading by 'Roaring Kitty,' and insider trading rules for Congress members. He emphasized the risks and challenges AI brings, the importance of not misleading the public, and the need for everyone to follow insider trading laws.

Portfolio Pulse from Adam Eckert

June 05, 2024 | 3:02 pm