Streetbeat News

Assets

BLK

BlackRock's Assets Under Management (AUM) for Q3 have increased to $9.1 trillion, up from $7.96 trillion year-over-year.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 10:22 am

FXI

SPY

The U.S. government is considering closing a loophole that allows Chinese companies to access American AI chips via their overseas units. This move could potentially impact the operations of Chinese companies and the U.S. chip industry.

Portfolio Pulse from Charles Gross

October 13, 2023 | 8:59 am

BLK

BTCUSD

IVZ

Crypto investors are awaiting a decision from the Securities and Exchange Commission (SEC) regarding the establishment of a spot Bitcoin (BTC) exchange-traded fund (ETF). Companies such as Fidelity, BlackRock (BLK), and Invesco (IVZ) have submitted applications to launch their own Bitcoin ETFs. Grayscale Investments has been trying to convert its Grayscale Bitcoin Trust into an ETF and is prepared to do so as soon as approval is granted.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 7:52 am

DOGEUSD

FLOKIUSD

SHIBUSD

Floki token (FLOKI) has seen a 7% increase in value over the past 24 hours, surpassing popular dog-related meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). The surge is attributed to a tweet from the official Floki social handle, hinting at a potential launch of the FlokiFi locker update on October 17, 2023. A recent poll conducted by the Floki community reflects a bullish sentiment towards the meme token.

Portfolio Pulse from Mehab Qureshi

October 13, 2023 | 6:11 am

FXI

China's trade balance for September was reported at $77.71 billion, significantly higher than the estimated $70 billion and the prior figure of $68.36 billion.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 5:23 am

FXI

China's year-on-year exports for September fell by 6.2%, better than the estimated 7.6% and the previous 8.8%. However, imports for the same period also decreased by 6.2%, slightly worse than the estimated 6% and better than the previous 7.3%.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 5:22 am

CMCSA

DIS

JPM

Comcast Corporation (NASDAQ:CMCSA) and The Walt Disney Company (NYSE:DIS) have engaged Morgan Stanley and JPMorgan Chase & Co. respectively to evaluate the value of streaming platform Hulu. The valuation is part of a 2019 agreement between Disney and Comcast, and will determine the worth of Hulu for a potential sale. The valuation process is complex due to Hulu's size and its 48.3 million subscribers.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 5:10 am

BTCUSD

The article discusses three cryptocurrencies with Halloween-themed branding: Pirate Chain (ARRR), Zombie Inu (ZINU), and SpookySwap (BOO). Pirate Chain focuses on privacy and untraceability, Zombie Inu aims to provide an immersive experience and has potential for commercialization, and SpookySwap is a decentralized exchange built on the Fantom Opera network. The article also mentions that Bitcoin (BTC) was trading at $26,787, down 0.56% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 13, 2023 | 4:01 am

BITQ

BTCUSD

Despite a challenging crypto market, Bitcoin's steady position above $25,000 is a positive sign, according to Wolfe Research. The crypto market continues to face issues with low volume and liquidity. However, Bitcoin has remained resilient, trading between $25,000 and $30,000. Wolfe Research also highlighted the Bitwise Crypto Industry Innovators ETF, which is back to its February highs and up about 90% this year.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 3:34 am

ALEAF

RWBYF

Aleafia Health Inc. (ALEAF) has selected Red White & Bloom Brands Inc. (RWBYF) as the successful bidder in its court-approved sale and investment solicitation process. The Ontario Superior Court approved the terms of a Stalking Horse Asset Purchase and Share Subscription Agreement, which allows RWBYF to acquire certain assets from Aleafia and subscribe for shares of certain Aleafia subsidiaries. Aleafia also agreed to sell its Grimsby facility to a third-party purchaser. The transactions are expected to close by November 22, 2023.

Portfolio Pulse from Jelena Martinovic

October 13, 2023 | 3:33 am