Streetbeat News

Assets

EWU

The U.K. Nationwide Housing Price Index for January showed a month-on-month increase of 0.7%, surpassing the estimated 0.1% and the previous month's 0.0%. This indicates a stronger than expected growth in U.K. housing prices.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:41 am

EWU

The U.K. Nationwide Housing Price Index for January showed a year-on-year decrease of 0.2%, which is an improvement compared to the estimated decline of 0.9% and the previous month's decrease of 1.8%.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:40 am

IMCR

Immunocore has upsized its offering of convertible senior notes to $350 million with an additional option for purchasers to buy up to $52.5 million more. The notes have a 2.50% interest rate and are due in 2030. The offering, initially set at $300 million, is expected to close on February 2, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:34 am

ARKK

HOOD

PINS

SOFI

TSLA

Ark Investment Management, led by Cathie Wood, bought 28,684 Tesla shares worth $5.5 million, continuing its support for the company despite a recent earnings miss. Ark also increased its holdings in Robinhood, Pinterest, and SoFi Technologies, while selling shares of Zoom Video Communications. Ark's Bitcoin ETF purchases were paused after a period of buying since its debut. Tesla remains a key focus for Ark, with a bullish price target of $2,000 by 2027, largely based on the potential of Tesla's robo-taxi service.

Portfolio Pulse from Shanthi Rexaline

January 31, 2024 | 6:47 am

WTRG

Essential Utilities has completed the sale of its Allegheny County microgrid and district energy projects to Cordia. Essential, along with its subsidiary Peoples, will now concentrate on its primary role as a regulated utility, while still supporting local energy innovations that ensure safety, reliability, and sustainability for the region.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:27 am

MSFT

TSLA

Figure AI Inc., a humanoid robot startup, is in advanced talks to secure up to $500 million in funding led by Microsoft Corporation and OpenAI. Microsoft may invest $95 million and OpenAI $5 million, potentially valuing Figure AI at $1.9 billion pre-funding. The company, which develops AI-powered robots for hazardous tasks, previously raised $70 million led by Parkway Venture Capital. The deal is not yet finalized and may change or not occur at all. Tesla's Optimus robot and China's humanoid robot production plans are also mentioned in the context of the industry.

Portfolio Pulse from Ananya Gairola

January 31, 2024 | 5:59 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad', expressed his support for Bitcoin as a hedge against wealth theft through inflation, taxation, and stock price manipulation. His comments on social media platform X come ahead of the Federal Reserve's rate decision. Despite admitting limited knowledge about Bitcoin, Kiyosaki advocates for its inclusion in investment portfolios, alongside gold and silver. He also highlighted the significance of the upcoming Bitcoin halving event. Bitcoin's price was down 1.42% at $42,906.56 at the time of the article.

Portfolio Pulse from Mehab Qureshi

January 31, 2024 | 4:12 am

BTCUSD

DOGEUSD

ETHUSD

FBTC

IBIT

Cryptocurrencies showed mixed performance ahead of the Federal Reserve's rate decision, with Bitcoin ETFs experiencing significant inflows, particularly from BlackRock's IBIT and Fidelity's FBTC. The Invesco Galaxy Bitcoin ETF announced a fee reduction to 0.25%. Analysts suggest Bitcoin may consolidate before a potential increase due to the upcoming halving event, while Bitcoin whales have been accumulating, indicating bullish sentiment.

Portfolio Pulse from Mehab Qureshi

January 31, 2024 | 3:04 am

BTCUSD

ETHUSD

SOLUSD

Ethereum (ETH) has seen an 8% increase week-over-week, with mixed analyst views on its performance against Bitcoin (BTC). While some traders expect ETH to underperform BTC, others anticipate a potential bottom for ETH/BTC due to rumors of an Ethereum ETF approval. The SEC has delayed decisions on ETF proposals from Grayscale and BlackRock's iShares Ethereum Trust. Bullish factors for Ethereum include increased staking, deflation, less availability on exchanges, and upcoming upgrades like the Dencun Upgrade. Major projects on the Ethereum network are expected to contribute to its growth, and the BTC/ETH correlation has dropped, suggesting a potential divergence in price movements. Ethereum aims to maintain its lead over Solana (SOL), which is seen as a growing competitor.

Portfolio Pulse from Khyathi Dalal

January 30, 2024 | 11:46 pm

BLK

BTCUSD

Anthony Scaramucci, founder of Skybridge Capital, predicts Bitcoin could reach $170,000 after the next halving event, citing historical price patterns and increased institutional demand. He credits BlackRock CEO Larry Fink for his evolved understanding of Bitcoin. Despite a tough 2022, Scaramucci's coin fund was up 160% in 2023. He remains optimistic about Bitcoin's resilience despite potential market upheavals.

Portfolio Pulse from Murtuza Merchant

January 30, 2024 | 10:52 pm