Streetbeat News

Assets

MT

ArcelorMittal (NYSE:MT) confirmed a tragic accident at its Kostenco coal mine in Kazakhstan, resulting in 25 deaths and 21 missing workers. This follows a previous incident in August where four miners were killed. The company is also in the process of transferring the ownership of ArcelorMittal Temirtau to the Republic of Kazakhstan. MT shares closed lower by 0.14% to $22.14 on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

October 28, 2023 | 5:17 pm

ARKF

ARKK

ARKW

GBTC

SQ

Ark Invest, led by Cathie Wood, sold $6.05 million worth of Grayscale Bitcoin Trust (GBTC) units this week, while Bitcoin rallied about 14%. Meanwhile, Ark Invest added $12.4 million worth of shares in Block, Inc. (SQ), a company with exposure to Bitcoin.

Portfolio Pulse from Shanthi Rexaline

October 28, 2023 | 2:15 pm

BTCUSD

Bitcoin's exchange balances have hit a five-year low, indicating a potential supply shortage in the cryptocurrency market. The available Bitcoin on exchanges has decreased by 2.3 million since April 2018. Matt Weller, the global head of research at Forex.com, suggests that this could lead to a supply shock, driving prices higher at a rapid rate. The potential influence of spot ETFs could also alter Bitcoin's supply and demand dynamics.

Portfolio Pulse from Ananya Gairola

October 28, 2023 | 8:55 am

CEPU

Central Puerto (NYSE:CEPU), the largest producer of electric energy in Argentina, has acquired its first photovoltaic technology park, 'Guañizuil II A', from Norwegian companies SCATEC and EQUINOR. The solar farm, the third largest in Argentina, will allow Central Puerto to generate 9.6% of the country's total solar energy and reach a capacity of 475 MW of renewable energy. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 9:28 pm

BONEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a jump of 11% in its past 7-day trading and 6.7% monthly gains. The trading volume of the token has surged 106.6% in the past 24 hours. Shiba Inu is indicating a potential upswing in the market. The memecoin market has recently witnessed significant interest from whale investor activity. Shiba Inu whales reported $300 million worth of Shiba Inu tokens indicating a bullish sentiment on the memecoin. Shibarium peaked at 3.5 million transactions in just two months since its inception, led by a 493% jump in transactions to 62,570 in the past 24 hours. Bone (CRYPTO: BONE) also surged to a 15% price hike this week.

Portfolio Pulse from Khyathi Dalal

October 27, 2023 | 9:22 pm

TRML

Deep Track Capital, LP has reported an 8.93% stake in Tourmaline Bio as of October 20, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 8:11 pm

SLRX

Elvin Lee has reported a 6.09% stake in Salarius Pharmaceuticals as of October 23, 2023, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 8:04 pm

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin are consolidating after a surge earlier in the week. Bitcoin is showing a bullish triple inside bar pattern, while Ethereum and Dogecoin are breaking down from single inside bar patterns. All three cryptos are trading near key resistance and support levels.

Portfolio Pulse from Melanie Schaffer

October 27, 2023 | 7:59 pm

TRP

TC Energy Corp. is reportedly planning to sell a mix of majority and minority stakes in assets worth $10 billion. The move is aimed at reducing debt and funding new investments. The company is working on the sale of a minority stake in the ANR Pipeline Co., valued at about $3 billion.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 7:50 pm

GLD

The escalating conflict in the Middle East has led to a surge in commodity prices. The SPDR Gold Trust (NYSE:GLD) recorded a gain of over 1%, surpassing the $2,000-per-ounce mark, a rally of more than 9% since the onset of the Israel-Hamas conflict. Crude oil prices also soared, with WTI rising by more than 2% on concerns of potential supply disruptions in the Middle East.

Portfolio Pulse from Piero Cingari

October 27, 2023 | 7:30 pm