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HTZ

TSLA

Hertz Global Holdings Inc (HTZ) is selling its used Tesla (TSLA) vehicles at discounted prices on its website. The sale includes 518 Tesla cars, with prices starting at $20,700 for a 2021 Model 3 and $31,100 for a 2022 Model Y. This move follows Hertz's announcement to scale back its EV fleet due to higher repair costs and a decline in Tesla's MSRP, which has negatively impacted Hertz's EBITDA.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 4:17 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad', has raised his Bitcoin price target to $150,000 in anticipation of a potential Bitcoin ETF approval. He expressed his positive outlook on Bitcoin and precious metals, while maintaining a critical view of fiat currency. Kiyosaki also highlighted the importance of the upcoming Bitcoin halving event and shared his personal financial strategy, which includes being in debt but investing in Bitcoin, gold, and silver.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 3:27 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies experienced significant price fluctuations after a fake tweet from the SEC's compromised account falsely indicated the approval of a spot Bitcoin ETF. Bitcoin surged to $47,900 but then dropped to $45,000 upon the news being debunked. Over $214 million in crypto positions were liquidated in 24 hours. The global crypto market cap increased by 5.29%. The S&P 500 and Nasdaq saw minor movements. Analysts warn of potential fakeout rallies and corrections for Bitcoin, with a focus on upcoming inflation reports for further market direction.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 2:30 am

BITW

BTF

IVZ

WETF

Ahead of the SEC's decision on spot Bitcoin ETFs, Invesco, Bitwise, Valkyrie, and WisdomTree have announced fee reductions in their latest ETF applications. Bitwise now offers 0.20%, Invesco 0.39%, Valkyrie 0.49%, and WisdomTree 0.30%. These cuts are strategic moves to attract more investment and expand market reach as competition intensifies. The SEC's decision is expected on Wednesday, Jan. 10, the same deadline for the Ark 21Shares Bitcoin ETF application.

Portfolio Pulse from Khyathi Dalal

January 10, 2024 | 12:00 am

BONKUSD

DOGEUSD

Dogecoin (DOGE) experienced significant whale activity with a transfer of nearly 1 billion tokens to an unknown wallet, coinciding with news of Dogecoin's planned lunar surface landing on Feb. 23, 2024. The event has sparked speculation about a potential price surge for DOGE. Despite this, Dogecoin's price has fallen over the past week and month, contrasting with a 30% rally in Bonk (BONK) on Jan. 8.

Portfolio Pulse from Khyathi Dalal

January 09, 2024 | 10:47 pm

USO

The API reported a crude oil stock draw of 5.215 million barrels, significantly higher than the estimated 1.2 million barrel draw. This suggests a tighter oil supply than expected.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:36 pm

BTCUSD

The SEC has clarified that Bitcoin ETFs have not received approval, according to Bloomberg. This announcement may affect the sentiment around cryptocurrency-related investments and the regulatory environment for digital assets.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:25 pm

EPM

Evolution Petroleum Corporation (NYSE:EPM) has announced the acquisition of non-operated oil and gas assets in Oklahoma from Red Sky Resources and Coriolis Energy Partners for $43.5 million. The assets include approximately 1,550 BOEPD production, 230 producing wells, and 3,700 net acres with over 300 undeveloped locations. The acquisition is expected to be highly accretive to key valuation metrics and self-funding, generating incremental cash flow to support the company's dividend. The transaction will be funded with cash and borrowings from EPM's credit facility, with net debt remaining within targeted leverage post-transaction.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:24 pm

BTCUSD

The SEC has approved Bitcoin ETFs for listing on all registered national securities exchanges, subject to ongoing surveillance and compliance measures for investor protection.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:14 pm

HLT

Over the past decade, Hilton Worldwide Holdings (NYSE:HLT) has yielded an average annual return of 14.6%, outperforming the market by 4.67% annually. A $1000 investment in HLT 10 years ago would now be worth $3,908.26. Hilton's market cap stands at $46.80 billion.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 9:00 pm