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How This US Senator, Finance Committee Member Is Betting Against The Stock Market
Friday, November 4, 2022 - 12:28pm | 937A U.S. Senator who previously bet against the stock market in 2022 has placed a new bet with an ETF that shorts U.S. listed companies. Here are the details. What Happened: Delaware Senator Thomas Carper bought up to $110,000 in Ranger Equity Bear Bear ETF (ARCA: $HDGE), an active ETF that shorts US...
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10 Best Stock Traders In Congress In 2021 (Spoiler: Nancy Pelosi Isn't No. 1)
Wednesday, February 2, 2022 - 9:53am | 921One of the bigger storylines of stock trading in 2021 was continued calls for members of Congress to be barred from buying and selling stocks. Here is a look at just how well members of Congress who traded stocks in 2021 did against the overall market. What Happened: Many retail traders and some...
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11 Publicly-Traded Companies That Donated To Co-Sponsors Of Texas Abortion Bill
Saturday, September 11, 2021 - 12:46pm | 832One of the most controversial state bills passed in September was in Texas with Senate Bill 8, also known as the “heart rate bill” that will make it unlawful to get an abortion after six weeks of pregnancy. Several news agencies have found a number of public companies that donated to...
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Senate Proposes Bill To Increase App Store Competition, Apple and Google Feel the Heat
Friday, August 13, 2021 - 2:29pm | 418Senators have begun introducing new legislation to regulate the App Store and reduce Apple Inc. (NASDAQ: AAPL) and Alphabet Inc. (NASDAQ: GOOGL) control over app markets and phone software. What Happened: Senators Richard Blumenthal, Marsha Blackburn, and Amy Klobuchar, D-Minn, introduced the Open...
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Senate Approves Truck Equipment Mandates, Dispatcher Oversight Measure
Tuesday, August 10, 2021 - 1:35pm | 786The U.S. Senate approved a $1.2 trillion infrastructure bill Tuesday that mandates several requirements for trucking previously approved by the U.S. House and will likely make it into a final bill. The Infrastructure Investment and Jobs Act, which was approved by a vote of 69-30 that was presided...
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US Sen. Pat Toomey Bullish On Bitcoin, Ethereum Via Grayscale Trusts
Thursday, July 8, 2021 - 5:34pm | 441A member of the U.S. Senate made purchases of two of the most well-known Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) trusts. What Happened: Sen. Pat Toomey, a Republican from Pennsylvania, purchased stakes in the Bitcoin and Ethereum trusts, according to filings shared by Congresstrading....
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Fintech Focus For February 10, 2021
Tuesday, February 9, 2021 - 9:59pm | 1887Quote To Start The Day: The question isn’t who is doing to let me, it’s who is going to stop me. Source: Ayn Rand One Big Thing In Fintech: In January 2021, FinTech startups worldwide raised VC/PE investments worth $7.8 billion across 294 deals. In terms of MoM growth, there was a 37.4...
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Pro-Bitcoin Senator Cynthia Lummis Joins Banking Committee: Why It's Important
Tuesday, February 9, 2021 - 1:55pm | 465The first U.S. senator to ever own Bitcoin (BTC) has been named to a committee overseeing banking and plans to hold conversations with Treasury Secretary Janet Yellen about the positives of the cryptocurrency. What Happened: Cynthia Lummis became the first U.S. senator to own Bitcoin when she was...
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Was The House Vote On The MORE Act A Strategic Mistake?
Tuesday, December 8, 2020 - 2:04pm | 491On Friday, the House of Representatives voted 228 to 164 in favor of the Marijuana Opportunity Reinvestment and Expungement (MORE) Act. The legislation — first introduced by Rep Jerrold Nadler and sponsored by Vice President-elect Kamala Harris — is poised to...
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Fintech Focus For October 29, 2020
Wednesday, October 28, 2020 - 6:32pm | 2855Quote Of The Day: The only place where success comes before work is in the dictionary. - Vidal Sassoon Fintech Movers: The Cambridge Centre for Alternative Finance (CCAF), the leading research institute covering the global Fintech sector, has partnered with the World Bank on a study reviewing the...
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Fintech Focus For September 25, 2020
Thursday, September 24, 2020 - 6:18pm | 2049Quote Of The Day: War is what happens when language fails. - Margaret Atwood Fintech Movers: NYCE, a fintech geared towards real estate investing, formally announced it became the fastest real estate company to raise $1 million through the Regulation CF, on the Wefunder and Republic investing...
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As The 2020 Election Kicks Off, A New Senate Bill Looks To Help Small Business Owners
Thursday, February 13, 2020 - 10:08am | 996The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Despite the end of the impeachment saga and the ongoing race to the national election in November, some bipartisan legislation is gaining...
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U.S. Senators Introduce $287 Billion Highway Bill
Monday, July 29, 2019 - 4:51pm | 883A $287 billion proposal reauthorizing funding to maintain and repair the country's roads and bridges includes a first-ever title addressing carbon emissions and supporting electric vehicle infrastructure. The legislation, a five-year reauthorization of the Fixing America's Surface Transportation (...
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The Under-The-Radar Senate Hearing More Meaningful To Facebook Than Zuckerberg Grilling
Thursday, April 12, 2018 - 9:56am | 344Facebook, Inc. (NASDAQ: FB) CEO Mark Zuckerberg’s Congressional hearing drove a 3.6-percent rally in the suffering stock over the last two sessions. But that 10-hour interrogation and anything revealed or resolved in the process had fewer near-term implications for Facebook than a...
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Bipartisan Group Of Senators Working On Fannie And Freddie Behind The Scenes
Friday, May 12, 2017 - 10:30am | 469On Thursday, director of the Federal Housing Finance Agency Mel Watt reportedly testified in front of the Senate Banking Committee calling for Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Association (OTC: FMCC) to begin retaining their earnings rather than...