Streetbeat News

Assets

BTCUSD

Bitcoin's price has risen by 4.89% in the past 24 hours to $28,189.00, continuing its positive trend over the past week with a 2.0% gain. The trading volume for the coin has increased by 110.0% over the past week, while the overall circulating supply has decreased by 0.59% to 19.52 million, which is 92.93% of its max supply of 21.00 million. Bitcoin's current market cap ranking is #1 at $546.31 billion.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:00 pm

BLK

DOGEUSD

Dogecoin (CRYPTO: DOGE) traded higher by as much as 3% to the $0.061 level Monday morning before falling amid false rumors of the iShares Bitcoin Spot ETF receiving approval. BlackRock, which owns iShares, denied the rumors. The false information led to a surge in demand for Dogecoin, pushing its price higher. However, Dogecoin is trading nearly flat at the $0.059-level Monday morning.

Portfolio Pulse from Henry Khederian

October 16, 2023 | 3:00 pm

BLK

BTCUSD

Cointelegraph has apologized for disseminating inaccurate information regarding the approval of Blackrock's Bitcoin ETF. An internal investigation is underway and the findings will be shared with the public.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:51 pm

VSTO

Vista Outdoor Inc (VSTO) shares dropped by around 20% after the company announced asset sales and lowered its FY24 outlook. The company is selling its Sporting Products business to Czechoslovak Group a.s. (CSG) for $1.91 billion. After the sale, VSTO's Outdoor Products business will become an independent publicly traded company, Revelyst, Inc., trading under the ticker 'GEAR'. The company also reduced its outlook for adjusted EPS and sales due to economic challenges and market normalization.

Portfolio Pulse from Lekha Gupta

October 16, 2023 | 2:40 pm

AAPL

ALB

AZN

BTCUSD

CVS

HON

MANU

NVAX

NWSA

PFE

RAD

WBA

Bitcoin's price spiked on false rumors of an ETF approval by BlackRock. Albemarle Corporation withdrew its offer to acquire Liontown Resources. Pfizer cut its annual revenue guidance by $9B due to a slump in COVID-19 vaccine sales, and BioNTech warned of €900M write-offs. Rite Aid filed for Chapter 11 bankruptcy. AstraZeneca's Tagrisso-Chemo combo is under FDA priority review. Honeywell projects a 10% increase in new business jet deliveries in 2024. WeWork appointed David Tolley as CEO. Novavax faces a setback as the EMA delays a decision on its COVID-19 vaccine. Activist shareholder Starboard Value acquired a stake in News Corp. Goldman Sachs is reconsidering its consumer lending venture. Manchester United shares fell as the Qatari group pulled away from acquisition. Apple is reshuffling its executive ranks and focusing on reducing the price of Vision Pro. Walgreens and CVS pharmacy staff are planning a nationwide walkout over poor working conditions.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 2:35 pm

SPY

VGK

U.S. Treasury Secretary Yellen stated that decoupling from China is not an option for the U.S. or EU. The White House is also preparing a supplemental request for aid to Ukraine and Israel.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:30 pm

PWR

Quanta Services (NYSE:PWR) has outperformed the market over the past 15 years, producing an average annual return of 14.85%. If an investor had bought $100 of PWR stock 15 years ago, it would be worth $781.92 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 2:30 pm

DHR

Over the past 10 years, Danaher (NYSE:DHR) has outperformed the market by 6.24% on an annualized basis, producing an average annual return of 15.75%. If an investor had bought $1000 of DHR stock 10 years ago, it would be worth $4,335.70 today. Danaher currently has a market capitalization of $154.70 billion.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 2:30 pm

BLK

Bitcoin spiked on unverified reports of the approval of an iShares Bitcoin ETF, which BlackRock, the owner of iShares, has denied. The company's Bitcoin ETF application is still under review. Bitcoin had spiked by as much as 9.5% after the report but gave back gains. It is up 3.3% at $28,062 at the time of publication.

Portfolio Pulse from Mohit Manghnani

October 16, 2023 | 2:08 pm

OSTK

JAT Capital Management LP has reported a 9.1% stake in Overstock.com, according to a 13D filing. The firm believes that Overstock.com securities were undervalued when purchased and represent an attractive long-term investment opportunity.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:05 pm