Streetbeat News

Assets

SUZ

Suzano has announced a series of projects to expand its production capacity and improve operational efficiency. The company will invest R$1.66 billion in a new tissue paper mill, a biomass boiler replacement, and an expansion of fluff pulp supply. This investment aligns with Suzano's strategic business avenues and its commitment to adapt to evolving demand.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 6:08 am

EWA

Australia's Producer Price Index (PPI) for Q3 has been reported at 1.8%, significantly higher than the estimated 0.7% and the previous quarter's 0.5%.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 5:06 am

EWA

Australia's Producer Price Index (PPI) for Q3 has been reported at 3.8%, slightly lower than the previous quarter's 3.9%.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 5:06 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin and Ethereum traded lower on Thursday evening, while Dogecoin spiked. The global cryptocurrency market cap declined 0.3% to $1.3 trillion. Memecoins like Floki, Dogecoin, and Shiba Inu saw upward momentum. The U.S. economy exhibited strong growth with the GDP rising at an annualized rate of 4.9% in the third quarter. However, the number of Americans applying for jobless benefits rose in the previous week to 210,000. Cryptocurrency trader Michaël van de Poppe observed that the markets were 'correcting' and urged not to panic.

Portfolio Pulse from Shivdeep Dhaliwal

October 27, 2023 | 2:17 am

JPM

JPMorgan Chase & Co's digital token, JPMorgan Coin, handles $1 billion worth of transactions daily, a significant increase from four months ago. The token, which allows wholesale clients to make dollar and euro-denominated payments through a private blockchain network, has completed $300 million in transactions since its launch in 2020. The bank is also exploring a digital deposit token for enhancing cross-border settlements.

Portfolio Pulse from Khyathi Dalal

October 26, 2023 | 9:23 pm

TKR

Timken has announced the divestiture of its TWB Bearings business in China. The terms of the deal were not disclosed. In 2022, TWB posted revenue of approximately $40 million.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 9:15 pm

VSTM

Verastem Oncology has announced key appointments to its executive leadership team. Dan Calkins has been promoted to Chief Financial Officer from Vice President of Finance. Mike Crowther has been appointed Chief Commercial and Business Strategy Officer, and David Mitchell has been appointed Senior Vice President, Head of Regulatory Affairs. These appointments come ahead of the potential commercial launch of avutometinib in combination with defactinib in low-grade serous ovarian cancer (LGSOC) and to support the advancement of its broader development program in RAS pathway-driven cancers.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:47 pm

PGR

A significant bearish stance has been taken on Progressive (NYSE:PGR) as indicated by unusual options activity. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $130.0 to $160.0 for Progressive over the last 3 months. The current price of PGR is down -1.64% at $153.86. Analysts from various firms have maintained their ratings on Progressive with price targets ranging from $135 to $165.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 8:46 pm

CRWD

CrowdStrike Holdings (NASDAQ:CRWD) has seen unusual options activity, with a significant number of bearish trades. Whales have been targeting a price range from $75.0 to $190.0 for CrowdStrike over the last 3 months. The company's stock price is currently down by 2.13% at $171.64. Analysts have mixed opinions, with upgrades and downgrades from Jefferies, DA Davidson, JMP Securities, and Argus Research.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 8:46 pm

PHUN

Phunware, Inc. (NASDAQ:PHUN) has announced changes in its senior management, appointing Mike Snavely as the new CEO. The company is also expanding its revenue model to include new ways of monetizing its portfolio of patents and other IP. Phunware is also considering the evolving business and regulatory landscapes to determine the appropriate evolution and expansion of its digital asset ecosystem.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:43 pm