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EWU

The Bank of England has decided to keep the Bank Rate unchanged at 5.25%. This decision could influence market sentiment and potentially impact related stocks and ETFs, including those focused on the UK market such as EWU.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:04 pm

EWU

The Bank of England has decided to keep the U.K. interest rate unchanged at 5.25%. This decision may impact investments related to the U.K. market, including the iShares MSCI United Kingdom ETF (EWU), which tracks the investment results of an index composed of U.K. equities.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:03 pm

THC

Tenet Healthcare has announced the completion of the sale of three hospitals in South Carolina and the initiation of the sale of four hospitals in Orange County and Los Angeles County, along with related operations. This strategic move is part of Tenet's ongoing efforts to optimize its hospital portfolio and focus on markets where it has the most significant impact.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 11:47 am

LPG

Dorian LPG reported a significant increase in its Time Charter Equivalent (TCE) rate per operating day for Q3 FY24, rising by 44.7% year-over-year to $76,337. However, vessel operating expenses also increased slightly to $9,936 per day from $9,739 in Q3 FY23.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 11:17 am

MIXT

MiX Telematics Limited reported Q3 results with net subscriber additions of 52,400, total revenue of $39.1 million (up 6% YoY), subscription revenue of $33.7 million (up 6% YoY), net income of $1.5 million, and adjusted EBITDA of $9.5 million (up 13% YoY). The company's total subscriber base now exceeds 1,142,000, and it ended the quarter with $25.4 million in cash and cash equivalents.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 11:10 am

BALL

Ball Corporation is projected to gain $4.5 billion in after-tax proceeds from its aerospace sale in FY24, planning to use around $2 billion of this to immediately reduce its debt.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 11:07 am

DIS

PARA

Disney has reached a preliminary agreement to sell a 60% stake in its Indian media business to Viacom18, a deal that values the unit at $3.9 billion, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

February 01, 2024 | 9:46 am

ETH-USD

SOL-USD

Balaji Srinivasan proposed using Decentralized Autonomous Organizations (DAOs) on Ethereum and Solana blockchains as alternatives to traditional corporate structures in Delaware. This suggestion follows Elon Musk's legal challenges in Delaware, including a court ruling that invalidated his $55.8 billion compensation package from Tesla. Srinivasan's proposal highlights DAOs as modern, transparent, and democratic business models, with recent legislation in Wyoming, Tennessee, and the Marshall Islands recognizing DAOs.

Portfolio Pulse from Mehab Qureshi

February 01, 2024 | 7:40 am

BTCUSD

Ark Invest's 'Big Ideas 2024' report highlights Bitcoin's stability in the US banking sector crisis, with a 40% value increase. It emphasizes the significance of the April 2024 Bitcoin halving event, which is expected to trigger a bull market by cutting Bitcoin's inflation rate in half. The report also notes the introduction of Bitcoin spot ETFs on January 11, 2024, and the push for clearer cryptocurrency regulation in the US and Europe. Ark suggests Bitcoin is a safe long-term investment, with data showing consistent gains for those holding for at least five years.

Portfolio Pulse from Mehab Qureshi

February 01, 2024 | 6:20 am

AAPL

AMZN

FB

GOOGL

MSFT

NVDA

TSLA

Tidal Financial Group and ZEGA Financial have launched the YieldMax Magnificent 7 Fund of Option Income ETFs, which invests in seven single-stock ETFs using covered-call strategies. These ETFs focus on major tech companies: Apple, Microsoft, Alphabet, Meta Platforms, Tesla, Amazon, and Nvidia. The fund aims to capitalize on the tech sector's growth, which has significantly driven the S&P 500's gains in 2023. However, YieldMax warns of high risks associated with the fund.

Portfolio Pulse from Benzinga Neuro

February 01, 2024 | 6:01 am