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Assets

UUUU

Energy Fuels Inc. has announced the start of uranium production at three of its mines in Arizona and Utah. The company is also preparing two more mines in Colorado and Wyoming for production, expected to commence within the next year.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:37 am

IREN

Iris Energy has announced that its expansion to 10 EH/s is fully funded after successfully completing its targeted equity raising program. This development is expected to enhance the company's Bitcoin mining capabilities.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:07 am

IMOS

The Board of Directors of ChipMOS has approved the sale of its equity interests in Unimos Microelectronics for a total of $137.1 million. This strategic move is expected to impact ChipMOS's financials and potentially its stock price.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 11:02 am

SOL

BONK, a new dog-themed cryptocurrency, surged almost 1,000% recently but has dropped by over 40% from its all-time high. Analysts warn late investors of volatility, with Pentoshi predicting a 50% drop in price within 4-6 weeks. Michaël van de Poppe also suggests a potential correction, advising against buying at this point despite the broader Solana ecosystem's momentum.

Portfolio Pulse from Mehab Qureshi

December 21, 2023 | 11:00 am

E

Eni has reached an agreement with Energy Infrastructure Partners (EIP) for an investment in Plenitude. EIP will invest up to €0.7 billion for a 9% stake post-transaction, with an initial capital increase of €0.5 billion. This deal values Plenitude's equity at around €8 billion and the enterprise at over €10 billion.

Portfolio Pulse from Charles Gross

December 21, 2023 | 10:18 am

DB

TLT

Government debt has surged beyond Wall Street's 2024 expectations due to a larger-than-expected drop in inflation and a revised outlook from the U.S. Federal Reserve. Yields on 10-year U.S. Treasuries fell nearly one percent since late October, with markets now expecting six rate cuts in the coming year. This has led to a rally in global stock and bond prices. The iShares 20+ Year Treasury Bond ETF (TLT) has entered a bull market with a 20% rally since October. Deutsche Bank AG (DB) has reduced exposure to short-term government bonds, while other analysts see the rally as a validation of their forecasts.

Portfolio Pulse from Benzinga Neuro

December 21, 2023 | 10:18 am

BTCUSD

ETHUSD

The number of 'Bitcoin is dead' reports in mainstream media has reached a decade low in 2023, with only seven instances. This contrasts with the high number of such reports in 2017 and 2021, years of significant price surges for Bitcoin. The data comes from 99bitcoins' BTC obituaries tracker and was highlighted by Jameson Lopp. The most recent claim was made by Chamath Palihapitiya, who stated 'Crypto is dead in America.' Ethereum has also been subject to similar 'death' predictions.

Portfolio Pulse from Mehab Qureshi

December 21, 2023 | 7:25 am

LVS

The NBA Board of Governors has initiated the process for Mark Cuban to sell his majority stake in the Dallas Mavericks. Potential buyers include Miriam Adelson and the Las Vegas Sands Casino family. The Adelson family is selling $2 billion of their Las Vegas Sands Corp stake to finance the purchase of a sports team. Cuban is expected to retain a 25% stake in the Mavericks and continue managing basketball operations.

Portfolio Pulse from Benzinga Neuro

December 21, 2023 | 5:50 am

BLK

FDX

NDAQ

The cryptocurrency market showed mixed results as Bitcoin, Ethereum, and Dogecoin experienced varied trading performances. A meeting between BlackRock, Nasdaq, and the SEC discussed the potential listing of a spot bitcoin ETF on Nasdaq. Meanwhile, the stock market declined with the S&P 500 and Nasdaq Composite both falling. Analysts predict Bitcoin could reach $160,000 by 2024 due to factors like ETF demand, the halving event, and macroeconomic conditions. On-chain data indicates a bullish trend for Bitcoin with the potential to surpass $45,000.

Portfolio Pulse from Mehab Qureshi

December 21, 2023 | 3:02 am

AAPL

AMZN

BRK

GOOG

GOOGL

MAGS

META

MSFT

NVDA

SPY

TSLA

The Powerball jackpot has reached $572 million, and the article suggests 10 ways to invest or spend the winnings, including buying shares of the SPDR S&P 500 ETF Trust (SPY), cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), and Ethereum (ETH), stocks of companies like Apple (AAPL), Berkshire Hathaway (BRK), Microsoft (MSFT), Alphabet (GOOG/GOOGL), Amazon (AMZN), NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), or investing in the Roundhill Magnificent Seven ETF (MAGS). Other suggestions include purchasing Tesla Cybertrucks, real estate, a minority stake in sports teams, gold, or a superyacht.

Portfolio Pulse from Chris Katje

December 21, 2023 | 12:10 am