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BLK

Major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), experienced significant gains as the market anticipates the approval of the first spot-based Bitcoin ETFs in the U.S. Asset management firms like BlackRock, Fidelity, and Grayscale have updated their S-1 filings with the SEC, revealing their fee structures. Bitwise offers the lowest fee at 0.24%, while BlackRock set its fee at 0.30%. The global cryptocurrency market cap slightly declined, while stock averages increased, with the S&P 500 and Nasdaq Composite rising. Analysts predict a bullish cycle for Bitcoin, with the upcoming ETF approval and the Bitcoin Halving event serving as potential catalysts.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 2:42 am

ALK

BA

UAL

United Airlines Holdings Inc (NASDAQ:UAL) has discovered loose bolts on several grounded Boeing 737 MAX 9 airplanes, raising concerns about Boeing Co's (NYSE:BA) manufacturing processes. The issue came to light after an incident with an Alaska Airlines (NYSE:ALK) MAX 9 plane, leading to the grounding of 171 aircraft. Boeing's shares fell by 8% following the news. The FAA has authorized inspections, and Boeing has expressed its commitment to safety and support for the ongoing investigation.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 12:50 am

BTCUSD

Max Keiser, a Bitcoin maximalist, has warned that the U.S. government plans to seize all Bitcoin ETFs, which he views as illegitimate and not offering real Bitcoin ownership. Bloomberg analysts Eric Balchunas and James Seyffart countered Keiser's claims, arguing that Bitcoin ETFs do provide ownership through shares linked to custodied Bitcoin and are less problematic than gold ETFs. The debate highlights a divide in the Bitcoin community between those who prioritize direct ownership and those who see ETFs as a means to mainstream adoption.

Portfolio Pulse from Murtuza Merchant

January 09, 2024 | 12:08 am

BTCUSD

DOGEUSD

ETHUSD

The article discusses the hypothetical returns on investments made with U.S. stimulus checks in Bitcoin, Dogecoin, and Ethereum. It highlights the significant gains that could have been realized if the stimulus money was invested in these cryptocurrencies, with Dogecoin yielding the highest return of 1,812.7%, followed by Ethereum with 626.0%, and Bitcoin with 221.5%. The article also mentions a diversified investment across all three cryptocurrencies, resulting in a combined return of 865.8%.

Portfolio Pulse from Chris Katje

January 08, 2024 | 10:55 pm

ARKK

BTCUSD

Cathie Wood of Ark Invest believes Bitcoin (BTC) has more room to grow and that an ETF approval could be a 'green light' moment for institutional investors. Despite expectations of a sell-off post-ETF approval, Wood argues that the market may have already positioned for this. She expects substantial inflows from retail and institutions if an ETF is approved, citing Bitcoin's scarcity and potential for substitution with gold as factors for its continued rise.

Portfolio Pulse from Adam Eckert

January 08, 2024 | 10:04 pm

CAAP

Corporación América Airports S.A. (NYSE:CAAP) announced that its subsidiary ICASGA received a gross indemnification payment of R$610.4 million due to the friendly termination of its concession agreement for the Natal airport in Brazil. The payment will positively impact CAAP's Adjusted EBITDA by R$610.6 million in 4Q2023. The net indemnification amount will be disclosed after accounting for regulatory deductions, taxes, and costs, as well as pre-payment of ICASGA's debts. The transition to a new operator is expected to be completed by early March.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:36 pm

BLK

BlackRock Inc (NYSE:BLK) is planning to cut its workforce by 3%, affecting around 600 employees. The layoffs are part of the company's adjustments in response to market changes and its maturation phase. BlackRock is also revising its ESG investment strategies, moving away from the term 'ESG' in the U.S. due to political controversies, while still managing substantial sustainable investments internationally. CEO Larry Fink has indicated a shift in approach, with U.S. portfolio managers no longer required to consider ESG metrics in non-ESG funds.

Portfolio Pulse from Michael Cohen

January 08, 2024 | 9:27 pm

BTCUSD

ETHUSD

The total cryptocurrency market cap has reached $1.69 trillion, the highest since May 2022, driven by expectations of a Bitcoin spot ETF approval. Bitcoin's market value nearly doubled to $920 billion, while Ethereum's market share slightly declined. Analysts at Standard Chartered predict a bullish future for Bitcoin, suggesting a potential rise to $100,000 by the end of 2024 if the ETF is approved, with an optimistic forecast of $200,000 by the end of 2025.

Portfolio Pulse from Piero Cingari

January 08, 2024 | 9:27 pm

ES

Eversource Energy (NYSE:ES) expects to record an after-tax impairment of $1.4B-$1.6B for Q4 2023 due to increased costs and uncertainties in its offshore wind investments. The company is in advanced negotiations to sell its 50% interest in three offshore wind projects to a global private infrastructure investor. The sale is subject to regulatory approvals and the execution of partnership agreements with Ørsted. Eversource will continue to make required cash contributions to the JV projects until the sale is completed. The impairment charge will not affect Eversource's future cash flows or current cash balances.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:24 pm

GOOD

Gladstone Commercial Corporation (NASDAQ:GOOD) reported full payment and collection of Q4 2023 cash base rents and a high portfolio occupancy of 96.8% as of December 31, 2023. The REIT also detailed property acquisitions, lease extensions, new leases, and property sales. Additionally, it extended or executed leases covering 1,428,830 square feet with a 13% increase in annualized straight-line rent. The company sold shares for net proceeds of $4.1 million and reported $54.3 million in liquidity from its credit facility and cash on hand.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:12 pm