Streetbeat News

Assets

TMO

Thermo Fisher Scientific (NYSE:TMO) has seen a 12.9% increase in its short percent of float, now at 1.05% of available shares. This is lower than its peers' average of 5.58%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 2:45 pm

ARKB

ETHA

ETHE

FBTC

GBTC

IBIT

Digital asset investment funds experienced $147 million in outflows last week, with spot Bitcoin and Ethereum ETFs seeing significant net outflows. However, iShares ETFs like the Ethereum Trust and Bitcoin Trust saw net inflows. The outflows are attributed to strong economic indicators reducing the likelihood of interest rate cuts.

Portfolio Pulse from Ivan Crnogatić

October 07, 2024 | 1:25 pm

CLSK

CleanSpark has resumed normal operations after a temporary shutdown of 365 MW of power due to Hurricane Helene. The company's hashrate has now reached 28.7 EH/s.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 1:02 pm

CNQ

CVX

DRLL

HES

WEEI

Chevron is selling $6.5 billion in assets to Canadian Natural Resources, including stakes in the Athabasca Oil Sands Project and Duvernay shale. This move is part of Chevron's plan to divest $10-15 billion in assets by 2028. The deal is expected to close in Q4 2024, pending regulatory approvals. Canadian Natural Resources plans to increase its dividend and allocate free cash flow to shareholders and debt reduction.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 11:55 am

APD

Air Products and Chemicals shares rise as activist investor Mantle Ridge acquires a $1 billion stake, aiming to drive improvements.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 11:31 am

GNK

Genco Shipping & Trading Limited (NYSE:GNK) is expanding its drybulk fleet by acquiring a 2016-built Capesize vessel for $47.5 million. The acquisition will be funded with cash on hand and a revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 10:57 am

EQNR

Equinor ASA has acquired a 9.8% stake in Ørsted A/S for $2.5 billion, becoming the second largest shareholder. This strategic investment aligns with Equinor's renewable growth strategy, particularly in offshore wind, despite current industry challenges.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 10:08 am

LODE

Comstock has acquired substantially all of the equity in GenMat, including its AI materials discovery platform and related assets. The original investment agreement for $50 million for 50% equity has been terminated. Comstock aims to integrate and commercialize GenMat's assets.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 10:07 am

CNQ

CVX

Canadian Natural Resources is acquiring Chevron Canada's 20% interest in the Athabasca Oil Sands Project and 70% interest in Duvernay Play for $6.5 billion. This acquisition increases Canadian Natural's working interest in AOSP to 90% and adds significant production and reserves.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 9:05 am

EWU

The U.K. Halifax House Price Index for September shows a year-over-year increase of 4.7%, up from 4.3% in the previous period. This indicates a strengthening in the U.K. housing market.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:02 am