Streetbeat News

Assets

CTRE

CareTrust REIT has expanded its portfolio by acquiring a three-property skilled nursing portfolio located in Texas and Missouri. This strategic move is aimed at enhancing CareTrust's presence in these regions and diversifying its portfolio in the skilled nursing sector.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:06 am

FXI

People's Bank of China Governor, Pan Gongsheng, announced potential cuts to banks' reserve requirements to support consumer prices and stabilize the Yuan, according to a Wall Street Journal report.

Portfolio Pulse from Charles Gross

March 06, 2024 | 10:35 am

BTCUSD

A Satoshi-Era Bitcoin wallet, inactive for 14 years, sold 50 BTC for a 40,000,000% profit, totaling $3M. The sale occurred before Bitcoin's 7% dip, contributing to market-wide selling pressure. BTC was trading at $66,914, down 0.20% over the last 24 hours.

Portfolio Pulse from Mehab Qureshi

March 06, 2024 | 10:34 am

DOGEUSD

SHIBUSD

SOLUSD

'Dogecoin Rival' WIF, a Solana-based meme cryptocurrency, surged 34% in a single day, outperforming Dogecoin and Shiba Inu. WIF's market capitalization exceeded $2 billion just three months after its launch, making it a leader in the meme coin category. The surge is attributed to its listing on the Binance trading platform.

Portfolio Pulse from Mehab Qureshi

March 06, 2024 | 10:28 am

VSH

Vishay Intertechnology, Inc. (NYSE:VSH) has completed the acquisition of Nexperia's wafer fabrication facility in Newport, South Wales, U.K., for $177 million in cash. The acquisition aims to bolster Vishay's semiconductor manufacturing capabilities, particularly in automotive-certified semiconductors, and aligns with its goals for decarbonization and electrification. Since the announcement of the deal on November 8, 2023, VSH shares have increased by almost 3%.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 10:16 am

DOGEUSD

SHIBUSD

'Dogecoin Killer' Shiba Inu (SHIB) is nearing its all-time highs, with analysts predicting a potential rally of +120% to reach new peaks. Cryptocurrency analysts highlight SHIB's significant growth, nearly +400% from initial posts, and its comparison to DOGE's performance. Investor Oscar Ramos predicts SHIB could rise to $0.0001, a significant milestone given its current price and historical peak in October 2021.

Portfolio Pulse from Mehab Qureshi

March 06, 2024 | 10:05 am

GS

Chinese investors are increasingly moving their funds to offshore assets, reaching the country's outbound investment cap and complicating Beijing's efforts to support the domestic market and stabilize the yuan. The surge in investments abroad, particularly through the Qualified Domestic Institutional Investor (QDII) program, reflects a lack of confidence in the Chinese market. This trend is occurring despite Beijing's ambitious 5% growth target for 2024 and has been influenced by warnings from international financial experts about investing in China.

Portfolio Pulse from Benzinga Neuro

March 06, 2024 | 9:35 am

EWU

The S&P Global / CIPS U.K. Construction Purchasing Managers Index (PMI) for February was reported at 49.7, surpassing the estimated 49.0 and the previous month's 48.8. This indicates a slight improvement in the U.K. construction sector.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:34 am

BLK

Jim Cramer, on CNBC's 'Mad Money,' endorsed BlackRock Inc. (NYSE:BLK) as a crucial investment, highlighting its role as the world's largest asset manager and its strategic shift towards active management to navigate the current economic challenges of high interest rates, inflation, and geopolitical risks. Cramer's support underscores BlackRock's significant position in the financial sector, further emphasized by CEO Larry Fink's advocacy for equity investments.

Portfolio Pulse from Benzinga Neuro

March 06, 2024 | 8:40 am

BTC-USD

ETH-USD

Raoul Pal, a macro guru, warns against the use of leverage in cryptocurrency trading, highlighting the recent $1B in crypto liquidations. He advises buying and holding cryptocurrencies at spot prices to avoid the risks associated with high volatility and leverage. Over the last 24 hours, significant liquidations occurred, including a $9 million order on Bitmex for the Bitcoin to USD pair. Bitcoin and Ethereum long positions faced substantial liquidations of $215 million and $134 million, respectively.

Portfolio Pulse from Mehab Qureshi

March 06, 2024 | 8:02 am