Streetbeat News

Assets

HEES

H&E Equipment Services has expanded its presence in Central and Southern California by acquiring the rental assets of Giffin Equipment for approximately $13.4 million.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:31 pm

AAPL

A rare sealed box of the original iPhone, part of the first production batch where Apple Inc. used 4GB of RAM, has been sold at an auction for $133,435. This follows other high-value sales of Apple memorabilia, including another original iPhone that fetched $190,373 and a 1983 letter from Steve Jobs that sold for $480,000. The original Apple founding contract also made its owner a millionaire, fetching $1.59 million in an auction.

Portfolio Pulse from Rounak Jain

November 01, 2023 | 1:13 pm

VRSK

Verisk Analytics, Inc. (VRSK) has estimated that the insurance industry will face losses ranging from $3 billion to $6 billion due to Hurricane Otis.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:10 pm

STRR

Star Equity Holdings' subsidiary, KBS Builders, has won a $1.9 million initial contract to manufacture 12 modules for an affordable housing project in rural Maine. The first phase of the project will provide 18 affordable rental units, expected to be ready by early spring 2024. The project is part of a wider acceptance of modular manufacturing in local government organizations.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:41 pm

IPX

IperionX Limited (NASDAQ:IPX) has been awarded a $12.7 million grant by the U.S. Department of Defense (DoD) to address U.S. titanium supply chain vulnerabilities. The grant, along with a potential $11.5 million in equipment financing from the Export-Import Bank of the United States, will be used to accelerate the development of a titanium production facility in Halifax County, Virginia. The U.S. currently imports over 95% of the titanium sponge required for the defense sector. IperionX aims to reduce this reliance by reshoring a full titanium supply chain to the U.S.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:37 pm

BSGM

BioSig Technologies, Inc. (NASDAQ:BSGM) has been awarded five new utility patents by the U.S. Patent and Trademark Office, expanding its intellectual property portfolio to over 100 patents. The patents cover the company's PURE EP™ digital signal processing technology and AI. The PURE EP™ Platform is currently in a national commercial launch and is part of healthcare systems including Mayo Clinic, Texas Cardiac Arrhythmia Institute, Cleveland Clinic, and Kansas City Heart Rhythm Institute.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:30 pm

CDAY

Ceridian (NYSE:CDAY) announced that Co-CEO Leagh Turner will leave the company on November 10, 2023, to become CEO of Coupa Software. David Ossip will continue as the sole CEO. Turner joined Ceridian in 2018 and was appointed as Co-CEO in 2022. During her tenure, she helped double the company's revenue and increase the Dayforce customer base to over 6,300 live customers. The company will discuss the change during its third quarter financial results call.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:24 pm

OCUP

Ocuphire Pharma, Inc. (NASDAQ:OCUP) has appointed George Magrath as its new CEO and member of the Board of Directors. Magrath, who has extensive experience in the pharmaceutical industry, succeeds Rick Rodgers, who has been serving as Interim CEO since April 2023. Magrath was previously the CEO of Lexitas Pharmaceutical Services, where he led significant growth and increased revenue. He will lead Ocuphire in advancing the clinical development of its lead retina asset, APX3330.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:24 pm

BTCUSD

Infowars host Alex Jones failed to answer any questions in a Bitcoin quiz set by Bitcoin maximalist and Orange Pill podcast host Max Keiser, missing out on a chance to win 10,000 BTC, equivalent to $344 million. Jones had previously lost a laptop containing 10,000 Bitcoins given to him by Keiser a decade ago. Bitcoin was trading at $34,281, up 0.20% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 12:20 pm

AMD

NVDA

Semiconductor companies NVIDIA Corp (NVDA) and Advanced Micro Devices Inc (AMD) saw their stock prices rise due to the boom in cryptocurrencies. However, after Ethereum's switch from Proof-of-Work to Proof-of-Stake, the need for GPUs in crypto mining decreased. Despite this, the AI industry's upswing since 2023 has kept the demand for GPUs high. Comparing the performance of NVDA and AMD after Ethereum's switch, NVDA's stock price increased by 215.61% while AMD's rose by 28.49%.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 12:20 pm