Streetbeat News

Assets

STLA

Stellantis is investing $29.5 million in wind tunnel technology with a moving ground plane to enhance vehicle aerodynamics and energy efficiency. This investment is part of Stellantis' broader strategy to improve vehicle performance and sustainability.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 12:31 pm

JYD

Jayud Global Logistics has acquired a 20% stake in a 70,000 sq.ft. warehouse in Rialto, CA, and a 49% stake in a 50,000 sq.ft. warehouse in Chino, CA. These acquisitions are likely to enhance their logistics capabilities in the region.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 12:07 pm

AIG

American International Group (AIG) is consolidating and expanding its operations in the Atlanta area by relocating its Alpharetta and Buckhead offices to a new innovation hub in Brookhaven, Georgia.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 11:56 am

REFI

Chicago Atlantic Real Estate Finance has secured a $50 million unsecured term loan from two institutional private lending platforms. This funding will be used for future investments and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 11:13 am

BTCUSD

Crypto analyst Miles Deutscher predicts a significant rise in Bitcoin and select altcoins, suggesting a focus on 2-3 top picks per sector rather than broad diversification. He anticipates Bitcoin could reach $100,000, driven by inflows into Bitcoin Spot ETFs, and advises using market volatility to accumulate strong altcoins.

Portfolio Pulse from Khyathi Dalal

October 23, 2024 | 10:15 am

TSLA

Tesla's recent Bitcoin wallet activity is a reallocation rather than a sell-off, according to Arkham Intelligence. The company moved 11,509 BTC, worth $771.8 million, across several wallets, sparking speculation about potential custodial movements.

Portfolio Pulse from Aniket Verma

October 23, 2024 | 4:59 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin remained flat as stock markets showed weakness for the second day. Bitcoin's price volatility continues, with analysts predicting potential downsides before a possible liquidity grab. The global cryptocurrency market contracted slightly, while major stock indexes closed lower amid rising Treasury yields.

Portfolio Pulse from Aniket Verma

October 23, 2024 | 2:02 am

STT

State Street Corporation has announced the issuance of $2.3 billion in aggregate principal amount of senior debt. This move is likely aimed at raising capital for corporate purposes, potentially impacting the company's financial strategy and stock performance.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 9:16 pm

SPY

USO

The American Petroleum Institute (API) reported a weekly crude oil stock build of 1.643 million barrels, which is significantly higher than the expected build of 0.700 million barrels. This follows a previous draw of 1.580 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 8:43 pm

OI

O-I Glass plans to close a furnace in its Americas segment as part of its Fit to Win initiative, aiming to reduce redundant capacity. The closure, affecting 150 employees, is expected to occur on or after November 18, 2024, with a $39 million charge anticipated in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 8:38 pm