Streetbeat News

Assets

IRTC

iRhythm Technologies, Inc. (IRTC) announced the pricing of its upsized offering of $575 million in 1.50% Convertible Senior Notes due 2029. The offering was increased from the initially announced $450 million. Additionally, an option for initial purchasers to buy up to an extra $86.25 million in notes within 13 days of issuance was provided. The sale is expected to close on March 7, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 6:36 am

BTCUSD

DOGEUSD

Dogecoin (DOGE) has seen a resurgence in 2023, with its price increasing in recent weeks. This follows a significant drop in 2022 due to crypto market downturns. The resurgence is partly attributed to Elon Musk's acquisition of Twitter (now X) and speculation about Dogecoin's integration into X's payment systems. Despite uncertainties, a $100 investment in DOGE could potentially yield a 315.6% return if it reaches its all-time highs again.

Portfolio Pulse from Chris Katje

March 05, 2024 | 6:27 am

BBJP

DXJ

EWJ

The latest auction for Japan's 10-year government bonds (JGBs) resulted in a yield of 0.718%, a decrease from the previous auction's yield of 0.741%.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 5:27 am

BBJP

DXJ

EWJ

The au Jibun Bank Japan Services Purchasing Managers' Index (PMI) for February was reported at 52.9, slightly above the estimated 52.5 but below the previous month's 53.1.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 5:26 am

BTCUSD

GLD

Peter Schiff criticized Mark Cuban for preferring Bitcoin over gold, highlighting gold's record price rise and Cuban's dismissive stance on gold investment. Schiff also expressed concerns over the impact of Bitcoin ETFs on the market, suggesting they could lead to a situation where less money comes out than goes in. Meanwhile, Bitcoin's price surged to a yearly high.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 5:02 am

DOGEUSD

SHIBUSD

Shiba Inu (SHIB), labeled as the 'Dogecoin Killer,' has seen a dramatic 90% increase in value within 24 hours, outperforming peers like Dogecoin, Pepe, and BONK, as well as major cryptocurrencies Bitcoin and Ethereum. This surge has pushed SHIB back into the top 10 cryptocurrencies by market cap, reaching $25 billion. Despite the rapid growth, indicators such as the Relative Strength Index (RSI) suggest SHIB is overbought, hinting at a potential upcoming sell-off.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 4:28 am

COIN

HOOD

META

RBLX

SOFI

STNE

TOST

TWLO

Cathie Wood's Ark Invest sold nearly $31M of Coinbase (COIN) shares as Bitcoin rallies, also reduced Robinhood (HOOD) holdings, while increasing investments in Meta Platforms (META), SOFI Technologies, Roblox (RBLX), and Toast (TOST), and selling Twilio (TWLO) and StoneCo (STNE) shares.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 4:17 am

AMD

NVDA

Advanced Micro Devices Inc. (AMD) faces challenges in exporting a China-specific AI chip due to U.S. Department of Commerce restrictions. Despite designing the chip to comply with U.S. export regulations by lowering its performance, officials deemed it too powerful, requiring a license for sale. This is part of broader U.S. efforts to limit China's access to advanced semiconductors, affecting companies like AMD and Nvidia Corporation (NVDA). Meanwhile, Chinese firms like SMIC are advancing in chip development, and Nvidia aims to dominate the Chinese market despite restrictions.

Portfolio Pulse from Ananya Gairola

March 05, 2024 | 2:51 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin approaches its all-time high, nearing $69K, with Ethereum and Dogecoin also experiencing significant gains. The surge in Bitcoin's market cap to $1.33 trillion is attributed to inflows into spot BTC ETFs, the upcoming halving event, and increased investor interest. The global cryptocurrency market cap now stands at $2.53 trillion. Meanwhile, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average saw declines. Analysts predict Bitcoin could hit $125K by 2025, driven by conservative capital allocations from BlackRock and Fidelity clients.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 2:43 am

AMZN

TSLA

Jeff Bezos, founder of Amazon Inc., has reclaimed the title of the world's richest person with a net worth of $200 billion, surpassing Tesla Inc.'s CEO Elon Musk, whose wealth is $198 billion. Bezos's wealth increased by $23 billion over the past year, while Musk's decreased by $31 billion, partly due to a more than 7% drop in Tesla's share prices on Monday. The fluctuation in the wealthiest person's title is influenced by market performances, with Bezos and Musk being key figures in the tech and space industries.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 2:23 am