Streetbeat News

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ERO

Ero Copper announced that its Tucumã project has achieved over 70% physical completion and is on track for its first copper production in H2 2024. The company also confirmed its project capital expenditures outlook of about $305M.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 10:50 am

JOUT

Johnson Outdoors announced its decision to exit its Eureka product lines, which is expected to negatively impact the company's sales by less than 1% for FY24. The company also expects to take a charge of approximately $4 million in fiscal year 2023 related to this decision.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 10:02 am

NAT

Nordic American Tankers (NAT) has announced a deal to purchase a Suezmax tanker, which will increase its fleet to 20 ships.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 9:29 am

TSLA

Tesla Inc (NASDAQ:TSLA) is delaying its gigafactory plans in Mexico due to concerns about high-interest rates and the global economy. CEO Elon Musk stated that the company is not backtracking on its plans for a factory in Mexico, but the timing is uncertain. Tesla announced its new gigafactory in Mexico earlier this year in March.

Portfolio Pulse from Anan Ashraf

October 19, 2023 | 7:36 am

BTC-USD

The U.S. Department of the Treasury has imposed sanctions on several individuals and organizations, including a Gaza-based exchange, for allegedly supporting Hamas terrorist operations. The sanctions target Buy Cash Money and Money Transfer Company, which is accused of financing terrorist groups. The company was previously linked to wallets confiscated by Israel’s National Bureau for Counter-Terrorist Financing in 2021 and is accused of providing significant support for Hamas, including dealing with Bitcoin (CRYPTO: BTC). The Treasury also sanctioned Ahmed M. M. Alaqad, the proprietor of the exchange.

Portfolio Pulse from Benzinga Neuro

October 19, 2023 | 7:15 am

BTCUSD

COIN

ETHUSD

Paul Grewal of Coinbase Global Inc (NASDAQ:COIN) has voiced his opposition to the Treasury’s proposed regulations for tax reporting of digital assets, arguing that they could undermine fairness and innovation in the industry. He also expressed concerns that the regulations could set a precedent for surveillance of everyday financial activities of consumers. The proposed tax reporting rules will apply to transactions made with cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Portfolio Pulse from Benzinga Neuro

October 19, 2023 | 6:56 am

EWA

Australia's employment change for September was reported at 6.7K, significantly lower than the estimated 20K and the revised prior figure of 63.3K.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 5:27 am

BBJP

DXJ

EWJ

Japan's year-on-year exports for September increased by 4.3%, surpassing the estimated 3.1% and significantly improving from the previous -0.8%.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 5:26 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin are trading lower as the global cryptocurrency market cap declined 0.9% to $1.08 trillion. This comes as Fidelity filed amendments to a proposed spot ETF with the U.S. Securities and Exchange Commission, focusing on how it would safeguard cryptocurrency stored in custody accounts and disclosures related to the regulatory environment affecting cryptocurrencies. Analyst Edward Moya from OANDA expects a spot Bitcoin ETF approval to happen before the end of the year.

Portfolio Pulse from Shivdeep Dhaliwal

October 19, 2023 | 3:08 am

ETHE

GBTC

Grayscale Investments, a U.S.-based digital currency asset management company, is closer to launching a Bitcoin ETF based on the Grayscale Bitcoin Trust (GBTC) following the SEC's decision not to pursue any further objections. The GBTC holds about 3% of all the Bitcoin available, worth over $18 billion. Grayscale is also applying for a similar spot Ethereum ETF based on the Grayscale Ethereum Trust (ETHE), which holds under $5 billion in Ethereum. Dave LaValle, the Global Head of ETFs for Grayscale, believes that combining the innovations of an ETF wrapper with a solid digital currency like Bitcoin will lead to investing efficiencies, saving money for investors and offering greater transparency and tax benefits.

Portfolio Pulse from Justin Roberti

October 18, 2023 | 9:54 pm