Streetbeat News

Assets

USO

OPEC has maintained its 2023 and 2024 global oil-demand growth forecasts at 2.4 million barrels per day (B/D) and 2.2 million B/D respectively, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

October 12, 2023 | 11:23 am

USO

According to secondary sources cited by OPEC, crude output rose by 273,000 barrels per day in September, reaching 27.75 million barrels per day.

Portfolio Pulse from Charles Gross

October 12, 2023 | 11:18 am

EWJ

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) is planning to produce 6nm advanced semiconductors in its second Kumamoto plant in Japan. The company plans to invest about 2 trillion yen in the plant, with the Japanese government considering providing up to 900 billion yen in subsidies, according to Reuters citing Nikkei.

Portfolio Pulse from Charles Gross

October 12, 2023 | 11:06 am

N/A

American Strategic Investment has completed the sale of its property at 421 W. 54th Street, also known as The Hit Factory, for $4.5 million.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:10 am

LITM

Snow Lake Resources, also known as Snow Lake Lithium, has partnered with Critical Discoveries to advance the exploration and development of the Snow Lake Lithium Project. The collaboration will also aim to expand Snow Lake's portfolio of prospective lithium projects in Manitoba and the surrounding region.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:09 am

DOV

SIUAF

Dover Corp (NYSE:DOV) has agreed to sell its De-Sta-Co business (DESTACO) to Stabilus SE (OTC:SIUAF) for $680 million. DESTACO, part of Dover's Engineered Products segment, designs, manufactures, and markets workholding and automation components for industrial automation applications. The deal is expected to close in the first half of 2024.

Portfolio Pulse from Shivani Kumaresan

October 12, 2023 | 9:49 am

DC

Dakota Gold Corp. (NYSE:DC) has entered into a binding agreement with OMF Fund IV SPV C LLC, managed by Orion Mine Finance, for an investment of $17 million and a commitment for future financing support.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 9:36 am

GOOG

GOOGL

Google-owned Fitbit app, a subsidiary of Alphabet Inc., has been experiencing major technical difficulties, with users reporting issues such as data failing to load and problems activating the new Charge 6. Despite some users reporting that the issue had been resolved, many continue to face problems. This disruption follows two major outages experienced by Fitbit in February. In August, Fitbit was accused of breaching the EU’s General Data Protection Regulation or GDPR privacy rules.

Portfolio Pulse from Ananya Gairola

October 12, 2023 | 8:27 am

BTCUSD

SNAP

Former FTX CEO, Sam Bankman-Fried, had expressed concerns about competition from Binance, raising funds from a Saudi Crown Prince, and buying stocks of Snap Inc., ahead of the crypto exchange's collapse, as revealed in court testimonies by ex-Alameda CEO, Caroline Ellison. Ellison also disclosed her role in preparing seven different balance sheets for Genesis, months before the company's bankruptcy.

Portfolio Pulse from Benzinga Neuro

October 12, 2023 | 6:34 am

LEU

Centrus Energy has initiated enrichment operations at its High-Assay Low-Enriched Uranium (HALEU) facility in Piketon, Ohio. This marks a significant milestone for the company and the nuclear industry.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 6:33 am