Streetbeat News

Assets

TSLA

Investor Ron Baron announced on CNBC that they are the largest investor in SpaceX. However, SpaceX is not a publicly traded company.

Portfolio Pulse from Charles Gross

September 13, 2023 | 11:16 am

BTCUSD

DOGEUSD

The biography of Elon Musk by Walter Isaacson reveals Musk's interest in Dogecoin (CRYPTO: DOGE), with four key excerpts highlighting his thoughts on incorporating the cryptocurrency into a potential blockchain-based social media platform. However, Musk was skeptical about using blockchain for fast-paced platforms like Twitter. The biography also mentions Musk's Shiba Inu dog, Floki, the breed that represents Dogecoin. Bitcoin (CRYPTO: BTC) was not mentioned in the biography. At the time of writing, DOGE was trading at $0.060, down 0.98% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 13, 2023 | 11:15 am

AAPL

SHIBUSD

Shiba Inu's (CRYPTO: SHIB) market capitalization would reach $589.3 trillion if the price per token hits $1, exceeding Apple Inc.'s (NASDAQ: AAPL) market cap by 213 times. The Shiba Inu community is addressing the supply challenge through a token 'burning' process. Meanwhile, the locked value on Shibarium is currently $742,000, compared to the total locked value across various blockchains in the crypto ecosystem of approximately $37.51 billion.

Portfolio Pulse from Mehab Qureshi

September 13, 2023 | 11:13 am

ECVT

Ecovyst has announced plans to expand its silica catalyst production capability in Kansas City, KS. The company has not disclosed the financial details or the timeline of the expansion.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 11:06 am

ETN

Eaton Corporation (ETN) has announced a $150 million investment to expand its manufacturing capabilities for electrical infrastructure in North America. This move is aimed at supporting businesses and communities in the region.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 10:48 am

DB

Deutsche Bank is reportedly using artificial intelligence tools to detect potential misconduct from the tone of traders' phone conversations. The bank is leveraging Google Cloud's machine learning to explore the use of large language models. The AI will guide analysts to points of interest in the conversations. The bank is also on a hiring spree, planning to add more to its base of 16,000 staff working on tech, data, and innovation. However, some attorneys caution about the potential pitfalls of using AI to identify misconduct.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2023 | 10:47 am

SLI

Standard Lithium has acquired a large parcel of land for its South West Arkansas Project. The acquisition will allow the company to expand its lithium extraction operations.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 10:02 am

SWVL

Swvl Holdings Corp (NASDAQ:SWVL) has sold its subsidiary, Urbvan Mobility Ltd., to Kolors Inc. for $12 million. The sale is part of Swvl's strategy to focus on higher priority markets. Urbvan constituted 4% of Swvl's IFRS revenues as of September 30, 2022, and approximately 7% of Swvl's IFRS revenues as of December 31, 2022.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 8:53 am

BTCUSD

Binance.US CEO Brian Shroder has resigned and the company has laid off a third of its staff due to increasing regulatory pressure. The company is facing legal action from the SEC over suspected violations of securities laws. The downsizing move is aimed at providing the crypto exchange with a financial cushion for more than seven years as it transitions to a crypto-only exchange.

Portfolio Pulse from Benzinga Neuro

September 13, 2023 | 7:56 am

BGS

B&G Foods has priced an upsized offering of $550M of 8.00% senior secured notes due 2028 at a price of 99.502%. The offering, which was initially set at $500M, is expected to close on September 26, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 6:28 am