Streetbeat News

Assets

ALB

Albemarle Corporation has announced the appointment of Neal Sheorey as its Executive Vice President and Chief Financial Officer, effective from November 6, 2023. The current CFO, Scott Tozier, will transition to a role as a strategic advisor to the CEO.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:58 am

ETN

Eaton Corporation (ETN) has announced an additional investment of $85 million to enhance its North American manufacturing capabilities for essential utility solutions.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:48 am

VLO

Valero Energy has announced that its Sustainable Aviation Fuel project is expected to be completed in 2025, with a total cost of $315 million. Half of this cost is attributable to the company.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:40 am

EXP

The article discusses the potential impact of a significant increase in interest rates on residential construction activity, which could affect Eagle Materials (EXP).

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:36 am

BTCUSD

Former BitMEX CEO, Arthur Hayes, predicts that Bitcoin (BTC) could reach a price of $1 million due to escalating geopolitical tensions and persistent inflation. He believes that the ongoing wars involving the U.S and the stagnation of interest rate hikes by the Federal Reserve create a 'trigger moment' for Bitcoin. Hayes suggests that the surge in Bitcoin's value is not due to speculation about an ETF approval, but rather a reflection of a forthcoming 'very inflationary global world war situation'.

Portfolio Pulse from Benzinga Neuro

October 26, 2023 | 9:47 am

TTE

TotalEnergies has signed agreements to acquire the entire share capital of Quadra Energy, a top renewable electricity production aggregator in Germany. The terms of the deal were not disclosed.

Portfolio Pulse from Charles Gross

October 26, 2023 | 8:26 am

LYFT

UBER

New York City has passed a regulation requiring all ride-share vehicles to be wheelchair accessible or all-electric by 2030. This rule affects ride-share companies including Uber Technologies Inc (UBER) and Lyft Inc (LYFT), which operate about 78,000 vehicles in the city. The Taxi and Limousine Commission has begun accepting new for-hire vehicle license applications from EV drivers. Lyft has already pledged to be 100% EV by the end of 2030.

Portfolio Pulse from Anan Ashraf

October 26, 2023 | 7:47 am

BMWYY

F

GM

MBGAF

STLA

TM

The Southeast region of America is becoming a hub for electric vehicle and battery production, challenging Detroit's auto industry dominance. The region has attracted foreign auto and battery manufacturers due to substantial tax credits and environmental subsidies from the Inflation Reduction Act. Since 2010, the region has seen over $70 billion in EV and battery production investments, surpassing the Midwest’s $51 billion. The region's 'right-to-work' laws have also attracted investment. However, some experts suggest that the figures may be misleading as new plants in the southeast require more investment due to their greenfield status.

Portfolio Pulse from Benzinga Neuro

October 26, 2023 | 6:23 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed with Bitcoin dominance rising to a new 30-month high. Bitcoin hovered around the $34,600 mark, breaching the $35,000 level intraday. Ethereum was in the red, while Dogecoin surged. Bitcoin's dominance rate rose to 54.4%, the highest since April 2021. Edward Moya, a Senior Market Analyst with OANDA, said the short-term bull case for Bitcoin will remain intact until there is more clarity on the US spot Bitcoin ETF. Market intelligence platform Santiment noted that Bitcoin's 2-year reliance on equities is gone, a typical recipe for bull market conditions.

Portfolio Pulse from Shivdeep Dhaliwal

October 26, 2023 | 2:57 am

ETHUSD

Crypto startup Nocturne Labs has raised $6 million in seed funding, co-led by Bain Capital Crypto and Polychain Capital, with participation from Ethereum co-founder Vitalik Buterin and others. The company aims to bring private accounts to the Ethereum ecosystem, enabling anonymous transactions. The funding round started in January 2023 and ended in August 2023, with the protocol expected to launch on the Ethereum mainnet in November 2023.

Portfolio Pulse from Khyathi Dalal

October 25, 2023 | 10:09 pm