Streetbeat News

Assets

AULT

Ault Alliance has entered into a securities purchase agreement for a financing of up to $50 million from Ault & Company.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:36 am

DHI

D.R. Horton, a major US homebuilder, has projected that its homebuilding operations will close between 86,000 and 89,000 homes in fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:35 am

INGR

Ingredion has announced plans to reorganize its business operations to focus more on its production assets and commercial efforts. The company aims to streamline its operations and improve efficiency.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:31 am

USGO

U.S. GoldMining Inc. (NASDAQ:USGO) has provided an update on its 2023 Phase 1 drilling program, which began in August. The program aims to expand and increase confidence in the existing gold-copper deposits at the Whistler Gold-Copper Project in Alaska, and to test prospective exploration targets in close proximity to known resources.

Portfolio Pulse from Charles Gross

November 07, 2023 | 11:10 am

BTCUSD

MSTR

MicroStrategy Inc's CEO, Michael Saylor, has shared insights into the company's decision to invest in Bitcoin as a means to drive growth and protect capital. Saylor acknowledged that competing with tech giants like Google, Microsoft, and Apple was not viable for MicroStrategy. The company has acquired 6,067 Bitcoins during the third quarter for an average price of $27,531, bringing its total holdings to 158,400 Bitcoins at an average cost of $29,586 per coin. Saylor also expressed optimism about the future of Bitcoin, mentioning the upcoming halving in 2024 and the potential impact of spot ETFs.

Portfolio Pulse from Mehab Qureshi

November 07, 2023 | 11:04 am

FXI

INDA

SPY

USO

VGK

OPEC Secretary General has stated that the demand for oil continues to rise significantly. This could potentially impact the prices of oil-related ETFs.

Portfolio Pulse from Charles Gross

November 07, 2023 | 10:45 am

GOOG

GOOGL

YouTube, a subsidiary of Alphabet Inc., is testing an AI system designed to organize comments on its platform more efficiently. The AI categorizes comments into topics, making it easier for users to navigate discussions. YouTube is also testing another AI tool to answer viewers' questions about a video's content. These AI features are in the early stages of development and are expected to be offered to a wider audience soon.

Portfolio Pulse from Benzinga Neuro

November 07, 2023 | 10:24 am

SOLUSD

Solana's native token, SOL, has seen a 10% price correction, falling to $40 on Nov. 6 after failing to breach the $44.50 mark. This follows a 36.6% rise between Oct. 30 and Nov. 2. Despite recent developments such as the unveiling of Firedancer, a new client designed to boost speed and reduce hardware requirements for validators, and Solana’s network data being made available on Google Cloud BigQuery, challenges remain. Lido Finance announced its withdrawal from the Solana network due to financial unsustainability, and Solana's DApp deposits saw a 30% drop in 30 days. Issues of possible centralization have also surfaced.

Portfolio Pulse from Benzinga Neuro

November 07, 2023 | 10:08 am

RWT

Home equity investment platform Point and Redwood Trust, Inc. (NYSE:RWT) have completed the first rated securitization of Point's Home Equity Investment (HEI) assets, issuing approximately $139 million of rated asset-backed securities. This is the second HEI-backed securitization that Point and Redwood have completed together.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:05 am

ACMR

ACM Research, Inc. (ACM) has received a purchase order for its Ultra C b backside clean and bevel etch tool from a major U.S. semiconductor manufacturer. The tool is expected to be shipped in the second quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 9:56 am