Streetbeat News

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EWU

UK manufacturing production for August has decreased by 0.8%, which is worse than the estimated decrease of 0.4%. The previous figure was revised to a decrease of 1.2%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 6:09 am

EWU

The U.K. industrial production for August has decreased by 0.7%, which is worse than the estimated decrease of 0.2%. The previous month's decrease was revised to -1.1%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 6:09 am

BTCUSD

ETHUSD

Bricks (BRICK), the native token of Reddit’s Fortnite community, has surged 80% in the past 24 hours following a significant decline of over 75% in value over the past two months. The majority of the trading volume for Bricks occurred on the cryptocurrency exchange Kraken. Bricks is an ERC-20 token distributed to active members of the Fortnite subreddit. The token’s value had experienced a surge in August as excitement surrounding other Reddit community tokens also gained momentum. However, liquidity remains relatively thin across all exchanges.

Portfolio Pulse from Mehab Qureshi

October 12, 2023 | 6:05 am

EWU

The U.K. RICS House Price Balance for September was reported late Wednesday, showing a decrease to -69% compared to the estimated -63% and the prior -68%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 4:57 am

TSLA

Tesla Inc. has sold the wireless charging company, Wiferion, which it had acquired earlier this year. The Germany-based startup, known for its inductive charging technology for industrial robots and electric vehicles, was sold to power electronic supplier, PULS. Tesla retained Wiferion’s engineering team, selling the operations and manufacturing business to PULS. The reason for this decision remains unclear.

Portfolio Pulse from Benzinga Neuro

October 12, 2023 | 4:54 am

BTCUSD

COIN

The crypto market is still recovering from the FTX blowup last year, with the market value significantly decreased, NFT trading plummeted, and venture capital deals shrunk. Bitcoin has recovered by 60% this year, trading around $27,000, but remains below the record high of $69,000 set in November 2021. The $3 trillion market has now shrunk to $1 trillion. Legal proceedings against crypto firms like Genesis Global, Celsius Network, Voyager Digital, Three Arrows Capital, and BlockFi Inc. have been mounting. Coinbase Global Inc. is battling SEC allegations, and Binance is embroiled in enforcement actions by the Commodity Futures Trading Commission and SEC.

Portfolio Pulse from Benzinga Neuro

October 12, 2023 | 4:50 am

BTCUSD

Hamas has reportedly received $41 million in cryptocurrency donations between August 2021 and June 2023, according to blockchain analytics platform Elliptic. The transactions were traced back to the cryptocurrency platform Binance. Israel has taken action against cryptocurrency accounts associated with Hamas. Bitcoin was trading at $26,837.77, down 0.85% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 12, 2023 | 4:25 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline following the release of the minutes from the September Federal Open Market Committee meeting. The minutes revealed that a majority of committee members anticipate at least one more rate hike during this cycle. The global crypto market cap currently stands at $1.06 trillion, reflecting a decrease of 1.39% in the past 24 hours. Stocks made modest gains on Wednesday as investors awaited the release of new U.S. consumer inflation data.

Portfolio Pulse from Mehab Qureshi

October 12, 2023 | 2:47 am

ABNB

Despite high mortgage rates, real estate investor Sam Primm continues to buy houses using the BRRRR strategy (buy, rehab, rent, refinance, repeat). He increases a property's value through renovations, refinances it under a traditional mortgage, and rents it out, effectively having someone else pay for it. Primm adjusts his strategy as the housing market changes to remain cash flow positive. He also suggests using Airbnb Inc (NASDAQ:ABNB) for short-term rentals if long-term tenancy isn't profitable enough.

Portfolio Pulse from Adam Eckert

October 11, 2023 | 10:42 pm

USO

The American Petroleum Institute (API) reported a crude stock build of 12.940 million barrels, significantly higher than the estimated build of 1.3 million barrels.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 8:39 pm