Streetbeat News

Assets

ADM

Archer-Daniels-Midland Company's CEO, Juan Luciano, is working to restore safe operations in the areas affected by the Decatur plant explosion last week.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:10 pm

ACN

Accenture (ACN) has invested in Writer, a company that uses generative AI to create written content. The investment is aimed at accelerating the enterprise use of generative AI.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:05 pm

C

Citi Treasury and Trade Solutions (TTS) has announced the creation and piloting of Citi Token Services, a service that uses blockchain and smart contract technologies to deliver digital asset solutions for institutional clients. The service will integrate tokenized deposits and smart contracts into Citi's global network, enhancing cash management and trade finance capabilities. The technology was tested in collaboration with Maersk and a canal authority to digitize a solution that serves the same purpose as bank guarantees and letters of credit in the trade finance ecosystem.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:02 pm

CVX

Chevron Corp's Wheatstone liquefied natural gas (LNG) facility in Western Australia has resumed full production after a fault last week resulted in a 20% reduction in production. Despite ongoing strikes, Chevron has committed to maintaining supplies from this major LNG terminal. The company's shares are up 0.54% at $167.40 during the premarket session on the last check Monday.

Portfolio Pulse from Vandana Singh

September 18, 2023 | 12:54 pm

JOBY

Joby Aviation, Inc. (NYSE:JOBY) plans to build its first scaled aircraft production facility in Dayton, Ohio, investing up to $500 million and creating up to 2,000 jobs. The facility will be capable of delivering up to 500 aircraft per year. The State of Ohio, JobsOhio and local political subdivisions have offered incentives and benefits of up to $325 million to support the development of the facility. Joby has also been invited by the U.S. Department of Energy to apply for financing under the Title XVII Loan Guarantee Program for clean energy projects.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:51 pm

BRK

CRKR

CVX

EOG

OXY

The U.S. Energy Information Administration (EIA) forecasts growth in U.S. crude oil production to surpass 12.9 million barrels per day in late 2023 and exceed 13 million barrels per day in early 2024. This is due to sustained global petroleum demand and rising prices. EIA also expects Brent crude oil price to approach $90 per barrel in late 2023. Companies mentioned include Prairie Operating Co., Chevron Corporation, Occidental Petroleum Corporation, EOG Resources, Inc., and Berkshire Hathaway Inc.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:46 pm

MSTR

MicroStrategy shares are trading higher due to an increase in the price of Bitcoin.

Portfolio Pulse from Luke J Jacobi

September 18, 2023 | 12:40 pm

KOPN

Kopin Corporation has received an additional order worth $3.4 million for the F-35 Joint Strike Fighter Program. This order is expected to boost the company's revenues and strengthen its position in the defense sector.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:34 pm

ALTI

AlTi Global has appointed Stephen Yarad as its new Chief Financial Officer (CFO), effective immediately.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 12:31 pm

HUT

Hut 8 Mining shares are experiencing a surge due to the increase in the price of Bitcoin.

Portfolio Pulse from Luke J Jacobi

September 18, 2023 | 12:27 pm