Streetbeat News

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EWW

UNG

USO

A U.S. judge in Louisiana has granted a preliminary injunction and ordered an oil and gas lease sale in the Gulf of Mexico by September 30, according to a court document cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:18 pm

PXS

Pyxis Tankers has agreed to sell its 2015 built 50,295 dwt. product tanker, Pyxis Epsilon, for a sale price of $40.75M.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 11:51 am

WFC

Wells Fargo has announced that Thomas R. Nides will join the company in October as Vice Chairman. This could potentially bring new strategic directions to the company.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 11:31 am

BP

SHEL

BP P.L.C. (NYSE:BP) and Shell PLC (NYSE:SHEL) have received licenses for exploration in three deepwater blocks from the government of Trinidad and Tobago. The decision follows complex negotiations and is aimed at boosting the country's hydrocarbon development. The blocks are located in deep water and require different and novel considerations due to the nature of the expected exploration and possible future production. The contract comes almost nine months after Trinidad's government refused bids initially submitted by the consortium for failing to meet minimum thresholds.

Portfolio Pulse from Nabaparna Bhattacharya

September 22, 2023 | 11:17 am

TSLA

Tesla Inc. is planning to expand its operations in India, focusing on enhancing the country's battery storage infrastructure. The company is in advanced talks to establish an EV factory in India and plans to introduce its Powerwall technology, a system designed to store power from solar panels or the grid. However, Tesla's pursuit of incentives for a battery storage factory has been met with hesitation from Indian officials. Despite this, the government is considering creating a business model that may extend subsidies to consumers of such products.

Portfolio Pulse from Shomik Sen Bhattacharjee

September 22, 2023 | 10:27 am

GLD

SPY

UUP

US stock markets ended lower on Thursday, Sept. 21, with the Dow Jones, S&P 500, and Nasdaq Composite falling by 1.08%, 1.64%, and 1.82% respectively. US jobless claims dropped to 201,000, and the Q2 current account deficit narrowed to $212.1 billion. Asian markets were mixed, with Japan's Nikkei 225 falling, while Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Stock Index rose. European markets were down, and commodities were trading higher. US futures were up, and the U.S. Dollar Index rose by 0.27%.

Portfolio Pulse from Akanksha Bakshi

September 22, 2023 | 10:20 am

BONEUSD

SHIBUSD

Shiba Inu's 'dummy token' Calcium (CAL) experienced a 330% surge in value within 11 hours of its launch, with trading volumes crossing $4M. CAL was introduced as part of a strategic plan by the Shiba Inu developers to relinquish ownership of the Bone (BONE) token contract. More than 50% of CAL’s supply was swiftly acquired by a bot shortly after its launch.

Portfolio Pulse from Mehab Qureshi

September 22, 2023 | 9:51 am

FXI

China's central bank has released a list of systemically important banks, with the aim of promoting their stable operation and healthy development. The bank is urging these institutions to strengthen their capabilities to overcome risks and absorb losses.

Portfolio Pulse from Charles Gross

September 22, 2023 | 9:06 am

BTCUSD

ETHUSD

GS

SOLUSD

Former Goldman Sachs executive Raoul Pal predicts a long recession but remains optimistic about the cryptocurrency market, referring to the current phase as 'crypto spring'. He believes Ethereum (ETH) is a faster-growing asset than Bitcoin (BTC) and predicts Solana (SOL) will significantly outperform BTC. Pal's investment strategy is primarily focused on ETH, followed by SOL and BTC. He also expressed concerns about the continuous quantitative easing measures implemented by central banks.

Portfolio Pulse from Mehab Qureshi

September 22, 2023 | 9:00 am

ETHUSD

Cryptocurrency exchange Binance inadvertently caused a 1,900% surge in Ethereum gas fees following a sudden wave of transactions involving dormant wallets. The Binance-affiliated wallet, Binance 14, experienced a sudden surge in transactions, leading to a rise in Ethereum gas fees from 15 to nearly 300 Gwei. Binance explained that these transfers were part of a routine consolidation of ETH to one of its wallets and that the resulting increase in gas fees was an unintentional but quickly resolved consequence.

Portfolio Pulse from Benzinga Neuro

September 22, 2023 | 8:50 am