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AAPL

BTCUSD

ETHUSD

SPY

TSLA

The S&P 500 and Nasdaq are expected to bounce back due to the strength of Tesla and Apple. Analysts predict a positive year-end without 'too much damage'. Cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin are falling as investors await key inflation numbers. Tesla and Apple stocks are moving higher in the pre-market session. Meanwhile, Coinbase CEO calls for the removal of Gary Gensler from SEC, and Apple's value plummets by $190B in two days.

Portfolio Pulse from Akanksha Bakshi

September 11, 2023 | 12:44 pm

META

Eduardo Saverin, co-founder of Meta Platforms Inc (NASDAQ:META), formerly Facebook, is now Singapore's wealthiest resident with a net worth of $16 billion. His wealth has surged by $6.4 billion this year, primarily driven by Meta's stock prices, which increased by nearly 70% since the last wealth assessment. Saverin also co-owns B Capital Group, a venture capital firm managing assets worth $6.3 billion.

Portfolio Pulse from Ramakrishnan M

September 11, 2023 | 12:40 pm

ACB

Aurora Cannabis Inc. has repurchased an aggregate of roughly CA$12.3 million ($9 million) principal amount of its convertible senior notes, reducing its debt and annual cash interest costs. The company aims to achieve positive free cash flow in 2024. Following these repurchases, Aurora will have approximately CA$53 million of notes outstanding. Aurora's shares traded 4.65% higher at $0.5536 per share during the pre-market session on Monday morning.

Portfolio Pulse from Jelena Martinovic

September 11, 2023 | 12:20 pm

CPG

Crescent Point Energy Corp (NYSE:CPG) has released a preliminary FY24 outlook and updated 5-year guidance. The company expects annual production of 145,000 to 151,000 boe/d in FY24, with projected development capital expenditures of C$1.05 billion to C$1.15 billion. CPG plans to allocate around 70% of the budget to its Kaybob Duvernay and Alberta Montney plays. The company also sees significant excess cash flow of over C$1.0 billion at $80/bbl WTI and projects net debt of C$1.7 billion. The company expects to return around 60% of excess cash flow to shareholders via dividends and share repurchases.

Portfolio Pulse from Lekha Gupta

September 11, 2023 | 12:17 pm

VEON

VEON Ltd has completed the first phase of its 4G network upgrade in Uzbekistan through its digital operator, Beeline Uzbekistan. The upgrade is expected to enhance 4G coverage to 85% by the end of 2023, up from 78% at the end of 2022. The second phase of the upgrade is set to be completed in October, further boosting 4G coverage in major urban areas. VEON shares closed higher by 1.39% at $16.78 on Friday.

Portfolio Pulse from Lekha Gupta

September 11, 2023 | 12:02 pm

PLL

Piedmont Lithium announced that the Minerals Income Investment Fund (MIIF) of Ghana will invest $27.9 million to acquire a 6% stake in the Ewoyaa Lithium Project and an additional $5M in Piedmont's partner Atlantic Lithium. The funding will be used for project development costs, with MIIF also contributing 6% of exploration and development costs within Atlantic's Ghanaian portfolio on an ongoing basis.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:57 am

COEP

Coeptis Therapeutics' partner, Deverra Therapeutics, has received two life science start-up and development awards and an associated grant from Washington's Cancer Research Endowment, totaling approximately $3.5M.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:53 am

BTCUSD

ETHUSD

Former US President Donald Trump's Ethereum (ETH) holdings have decreased by over $20,000 from their all-time high due to the downturn in the overall cryptocurrency market. Despite his skepticism towards cryptocurrencies during his presidential term, Trump has been actively involved in the space, launching a non-fungible token (NFT) project that earned him $4.87 million in licensing fees. The news comes as cryptocurrencies gain increasing focus in the political sphere ahead of the 2024 presidential election.

Portfolio Pulse from Mehab Qureshi

September 11, 2023 | 11:30 am

FPI

Farmland Partners has reported that despite substantial rain on their farms due to Hurricane Idalia and Tropical Storm Hilary, there was no significant damage that would impair productivity.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:24 am

FXE

GLD

SPY

USO

US markets ended higher on Friday, September 8, driven by energy stocks following the decision by Saudi Arabia and Russia to extend supply cuts. However, key indexes saw weekly declines due to investor concerns over interest rates and upcoming US inflation data. Asian markets were mixed, with Japan's Nikkei 225 and Hong Kong's Hang Seng falling, while Australia's S&P/ASX 200 and China's Shanghai Composite rose. The European STOXX 600 index, Germany's DAX index, France's CAC 40, and the U.K.'s FTSE 100 all traded higher. The European Commission downgraded the Eurozone's economic growth outlook due to high inflation and Germany's recession. Commodities saw crude oil and natural gas fall, while gold, silver, and copper rose. US futures and the U.S. Dollar Index were down.

Portfolio Pulse from Akanksha Bakshi

September 11, 2023 | 11:13 am