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BBJP

DXJ

EWJ

Japan's National Core Consumer Price Index (CPI) for November came in at 2.5%, which was in line with estimates and lower than the previous value of 2.9%. This indicates a slight cooling in inflation.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 5:11 am

BRK

OXY

Berkshire Hathaway, led by Warren Buffett, has increased its stake in Occidental Petroleum to nearly 28% following Occidental's $12 billion acquisition of CrownRock L.P. Berkshire purchased additional shares of Occidental over three days, totaling $312.09 million. Berkshire now holds 243.7 million shares, and also has preferred shares convertible to 83.9 million shares at $59.624 each. Despite the increased stake, Buffett has stated he does not intend to acquire Occidental.

Portfolio Pulse from Shanthi Rexaline

December 22, 2023 | 4:57 am

AVAXUSD

BNBUSD

DOGEUSD

SOLUSD

Avalanche (AVAX) and Solana (SOL) have surpassed Dogecoin (DOGE) and Binance Coin (BNB) in market capitalization. AVAX's market cap reached $17 billion, while SOL's market cap hit $41 billion, making it the fourth largest cryptocurrency. The increase is attributed to lower transaction fees and faster speeds compared to Ethereum (ETH), leading to more activity on the AVAX and SOL networks. The total value locked on Solana has also recovered to $1.79 billion since the FTX collapse.

Portfolio Pulse from Mehab Qureshi

December 22, 2023 | 4:23 am

BTCUSD

El Salvador's Congress has passed a law allowing foreigners to gain expedited citizenship through Bitcoin donations for social and economic development projects. President Nayib Bukele, a Bitcoin advocate, labeled the bill a 'vital interest'. The law's details, including minimum donation requirements, are not specified. Additionally, El Salvador introduced the 'Adopting El Salvador Freedom Visa Program', targeting high-net-worth individuals with a $1 million investment in Bitcoin or Tether for a path to citizenship, aiming to bring $1 billion into the economy.

Portfolio Pulse from Mehab Qureshi

December 22, 2023 | 3:29 am

ALGOUSD

BONKUSD

BTCUSD

DOGEUSD

ETHUSD

NEARUSD

Cryptocurrencies surged after jobless claims data indicated a cooling economy. Bitcoin, Ethereum, and Dogecoin saw gains, with Bitcoin expected to reach $51K pre-ETF. U.S. GDP growth slowed to 4.9% in Q3. El Salvador passed a law for instant citizenship via Bitcoin donations. The global crypto market cap increased by 2.14%. U.S. stocks rebounded, with the Nasdaq and S&P 500 posting gains. Analysts predict a Bitcoin peak in January and a potential Ethereum rally to $3,500. Santiment warns of high Bitcoin supply in profit, suggesting caution, while highlighting $MATIC and $LTC as safer opportunities.

Portfolio Pulse from Mehab Qureshi

December 22, 2023 | 2:59 am

TSLA

Elon Musk, a prominent supporter of Dogecoin, stated in an interview with Ark Funds CEO Cathie Wood that he doesn't spend much time thinking about cryptocurrency. Musk was asked about Bitcoin, which he discussed less than other topics. Cathie Wood emphasized the importance of rules-based cryptocurrencies like Bitcoin. Musk's comments are significant as Tesla Inc. previously added Bitcoin to its balance sheet, a move that validated the cryptocurrency. Musk also mentioned that X has obtained financial payment licenses in over half the states, with a goal to secure all states by mid-2024.

Portfolio Pulse from Chris Katje

December 22, 2023 | 12:34 am

ABAT

NUE

Alcoa Corporation appoints Matt Reed as new EVP and COO, effective Jan. 1, 2024, to lead global operations. Bank of America analyst Lawson Winder raises Alcoa's price target to $36 with a neutral rating. American Battery Technology Company announces a positive initial assessment for its Tonopah Flats Lithium Project, estimating a resource of 18.03 million tons of lithium hydroxide monohydrate and a net present value of $4.41 billion. Nucor Corp's COO, David Sumoski, exercises stock options for 28,768 shares, totaling $3,727,182.

Portfolio Pulse from Austin DeNoce

December 21, 2023 | 10:33 pm

VTLE

Vital Energy has acquired additional working interests in the Permian Basin for a total consideration of $55 million, expanding its presence in the region known for high-value oil and gas assets.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 10:11 pm

VTLE

Vital Energy, Inc. (NYSE:VTLE) has announced the acquisition of additional working interests in producing assets in the Permian Basin for a total of $55 million. These assets were acquired from Henry Energy LP, Moriah Henry Partners LLC, and Henry Resources LLC.

Portfolio Pulse from Charles Gross

December 21, 2023 | 10:09 pm

CODI

Compass Diversified (CODI) has finalized a private placement of approximately 3.6 million of its common shares at $21.18 per share to a mutual fund managed by Allspring Global Investments, totaling an aggregate sale price of about $75.2 million.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:38 pm