Streetbeat News

Assets

AIG

AIVAF

CRBG

Corebridge Financial Inc (NYSE:CRBG) has agreed to sell its UK life insurance business, AIG Life Limited, to Aviva PLC (OTC:AIVAF) for £460 million in cash. The sale is expected to close in H1 2024, subject to regulatory approvals. This move is part of Corebridge's strategy to focus on its core US portfolio. As of June 30, 2023, the company's liquidity stood at $1.6 billion.

Portfolio Pulse from Lekha Gupta

September 25, 2023 | 9:46 am

EWG

Germany's Ifo Business Climate Index for September was reported at 85.7, slightly above the estimated 85.2, but slightly below the revised prior of 85.8. The ETF EWG may be impacted by this news.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:09 am

AMZN

Amazon plans to invest up to $4 billion in artificial intelligence company Anthropic, acquiring a minority stake in the process.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:00 am

SHIBUSD

The Calcium token, associated with Shiba Inu (CRYPTO: SHIB), has seen its value increase by 200% within the last 24 hours, despite warnings from the SHIB team about the token's risks. The SHIB developer, Kaal Dhariya, has advised against buying or trading the Calcium token due to lack of liquidity. However, traders have continued to invest in the token, with trading volumes reaching $10.29 million on Uniswap. Some traders have reported significant losses, while others express optimism about the token's potential.

Portfolio Pulse from Mehab Qureshi

September 25, 2023 | 7:31 am

AIG

AIVAF

CRBG

Corebridge Financial has agreed to sell its UK life insurance division to Aviva for £460 million. The deal is expected to close in the first half of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 7:01 am

AAPL

Apple Inc. is planning to significantly increase its production capability in India, aiming to reach an annual production value of around $40 billion over the next four to five years, up from $7 billion in the previous fiscal year. This is part of Apple's strategy to establish a stronger foothold in the Indian market. The company is also considering manufacturing its popular AirPods in India. Despite a slight decrease in iPhone sales and a marginal drop in the wearable, home, and accessories segment globally, Apple continues to dominate the ultra-premium segment in India.

Portfolio Pulse from Shomik Sen Bhattacharjee

September 25, 2023 | 6:26 am

COIN

ETHUSD

Ethereum co-founder Vitalik Buterin has deposited 400 ETH, equivalent to approximately $632,000, to cryptocurrency exchange Coinbase. This comes amidst a downturn in the cryptocurrency market, with Ether seeing a 3% decline over the past week. In the past seven days, Buterin has also transferred 300 ETH to Kraken and converted 200 ETH to USDC. The total value of these transfers is $1.4 million. The reason for these transfers is unclear.

Portfolio Pulse from Mehab Qureshi

September 25, 2023 | 3:53 am

BTCUSD

COIN

Cryptocurrency exchange Coinbase Inc. (NASDAQ:COIN) currently holds $25 billion in Bitcoin (CRYPTO: BTC) reserves, rivaling the holdings of Bitcoin’s creator, Satoshi Nakamoto. According to Arkham Intelligence, Coinbase holds approximately 36 million wallets, making it the largest Bitcoin entity in the world. In other news, Coinbase considered buying FTX’s European branch after the latter’s bankruptcy in November.

Portfolio Pulse from Mehab Qureshi

September 25, 2023 | 3:11 am

TSLA

Rep. Alexandria Ocasio-Cortez plans to trade her Tesla Model 3 for a union-made electric vehicle (EV) amid increasing tension with Tesla Inc. CEO, Elon Musk. This move comes as Ocasio-Cortez has previously shown her disapproval of Musk, who has often been critical of the United Auto Workers (UAW) union. Tesla is one of the few major U.S. automakers without a union representation.

Portfolio Pulse from Benzinga Neuro

September 25, 2023 | 2:35 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline in value despite sharp sell-offs in equity markets. The global crypto market capitalization stands at $1.06 trillion, a 0.41% decrease in the last day. Analysts predict a potential recovery in the coming weeks, with the approval of Ethereum ETF Futures and the start of 'Uptober'.

Portfolio Pulse from Mehab Qureshi

September 25, 2023 | 2:32 am