Streetbeat News

Assets

MARA

Marathon Digital announced updates for January 2024, including the closure of the Generate Capital Acquisition, a new agreement with Hut8 for full control of new sites by April 30, a 7% increase in energized hash rate to 26.4 EH/s, and total holdings of 15,741 BTC and $1.0B in cash and BTC as of January 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:23 pm

BAM

Brookfield Asset Management successfully raised $10 billion during the first closing of its second Brookfield Global Transition Fund, aimed at investments supporting the global transition to a net-zero economy.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:20 pm

AMG

AMG has completed its investment in Ara Partners, a private markets firm that specializes in industrial decarbonization. This move is aimed at enhancing AMG's exposure to secular growth areas.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:02 pm

COIN

META

SQ

Dr. Craig Wright, claiming to be Bitcoin's creator, faces a UK trial to prove he is Satoshi Nakamoto. The trial, starting Feb. 5, could end speculation about Bitcoin's creator. Wright's involvement in Bitcoin SV and the trial's significance for Copa members like Block (SQ), Coinbase (COIN), and Meta (META) are highlighted.

Portfolio Pulse from Benzinga Neuro

February 05, 2024 | 11:57 am

DIA

GLD

QQQ

SPY

USO

On February 2nd, U.S. stock markets closed higher, driven by strong earnings and a positive January jobs report. Asian markets were mixed, with Japan's Nikkei 225 up and China's Shanghai Composite down. European markets traded higher, while commodities like crude oil and gold fell. U.S. futures indicated a lower opening for the next session.

Portfolio Pulse from Akanksha Bakshi

February 05, 2024 | 11:51 am

YNDX

Yandex N.V. (NASDAQ:YNDX), a Dutch holding company, has agreed to sell its Russian and certain international businesses for approximately $5.21 billion. The sale, which is subject to a mandatory 50% discount as per Russian government regulations for foreign asset sales, includes the company's cash balance and Class A shares. The divestiture is expected to close in two phases in 2024, with Yandex planning to focus on four international business lines post-sale. This move comes after Yandex received a delisting notice from Nasdaq last year.

Portfolio Pulse from Lekha Gupta

February 05, 2024 | 11:14 am

CTLT

NVO

Novo Nordisk has agreed to acquire three fill-finish sites from Novo Holdings as part of a transaction related to Novo Holdings' acquisition of Catalent, Inc. for $11B. These sites, located in Italy, Belgium, and the US, are specialized in sterile drug filling and employ over 3,000 people. This acquisition aligns with Novo Nordisk's strategy to expand its manufacturing capacity to support its diabetes and obesity treatments, with expected capacity increases from 2026.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 11:11 am

SPY

Peter Schiff criticized Federal Reserve Chair Jerome Powell for downplaying the national debt as a long-term issue, arguing it poses a significant short-term threat. Schiff's comments come amid concerns over the U.S. debt reaching $34.20 trillion and potential economic impacts. The SPDR S&P 500 ETF Trust (SPY) saw a 1.25% increase to $494.3.

Portfolio Pulse from Shanthi Rexaline

February 05, 2024 | 10:26 am

EWQ

The France Services Purchasing Managers Index (PMI) for January was reported at 45.4, slightly above the estimated 45.0 but below the previous month's 45.7.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 8:51 am

ARBK

Argo Blockchain plc (NASDAQ:ARBK) reported a 20% decrease in daily Bitcoin production for January 2024, primarily due to a 16% drop in Bitcoin-denominated hashprice and weather-related curtailments in Quebec and Texas. The harsh weather, especially during Winter Storm Heather, led to elevated power prices and operational curtailments at the Helios facility. Despite these challenges, the company generated $5.3 million in mining revenue, a 19% decrease from December 2023. Argo Blockchain held digital assets worth the equivalent of 18 Bitcoin as of January 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 7:13 am