Streetbeat News

Assets

ETN

Eaton Corporation (ETN) has announced significant investments to increase the supply of its solutions across North America. The majority of these investments will be completed in 2024 and 2025.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 10:49 am

DUK

Duke Energy Corp (DUK) is preparing for potential impacts from Tropical Depression Ten, likely to be named Idalia, on Florida. The storm could cause significant power outages due to strong winds and heavy rain. Duke Energy is making preparations to respond as quickly as possible to any service disruptions. The company serves more than 60% of customers in Florida with self-healing capabilities on its main power distribution lines.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 9:48 am

EGRNF

Shares of China Evergrande Group (OTC:EGRNF) plunged 87% as trading resumed after a 17-month pause. The company reported a loss of 39.25 billion yuan ($5.38 billion) for six months ending June, a significant drop from the previous year. However, the company's revenue showed an upward trend. Evergrande, which filed for Chapter 15 bankruptcy protection in a U.S. court in July, had total liabilities of 2.39 trillion yuan ($327.70 billion) as of June 2023.

Portfolio Pulse from Benzinga Neuro

August 28, 2023 | 9:37 am

BTCUSD

DOGEUSD

Dogecoin co-creator Billy Markus, also known as Shibetoshi Nakamoto, humorously stated that the best time to invest in Bitcoin was in 2009 or 2010. Bitcoin, which was first introduced in 2009, had a value of zero at the time and didn't register a price until July 17, 2010, when it climbed to $0.09. Since then, Bitcoin has experienced significant growth and is now the world's most valuable and widely recognized digital currency.

Portfolio Pulse from Mehab Qureshi

August 28, 2023 | 5:34 am

BTCUSD

DOGEUSD

ETHUSD

XRPUSD

Elon Musk is reportedly in discussions with top Wall Street executives about transforming X (formerly Twitter) into a new payment system similar to an updated version of PayPal. This comes as PayPal recently introduced its own stablecoin, PYUSD. Musk has denied rumors that X would launch its own cryptocurrency to compete with popular coins like Bitcoin, Ethereum, and XRP, and has instead expressed his support for Dogecoin.

Portfolio Pulse from Mehab Qureshi

August 28, 2023 | 3:32 am

ETHUSD

Fenix International, the parent company of OnlyFans, saw its Ethereum (ETH) holdings decrease by over 50% in 2022, losing $8.5 million. The company had invested nearly $20 million in ETH between 2021 and 2022. Despite the crypto market's challenges in 2022, OnlyFans had a successful year, with revenues reaching $5.6 billion, surpassing the $4.8 billion generated in 2021.

Portfolio Pulse from Mehab Qureshi

August 28, 2023 | 3:19 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed following Federal Reserve Chair Jerome Powell's hawkish remarks on potential future increase in interest rates. Bitcoin, Ethereum, and Dogecoin saw slight changes in their prices. The global crypto market capitalization stands at $1.05 trillion, a 0.17% decrease in the last day. Analysts warn of potential impact on Bitcoin prices if a Bitcoin ETF is approved or denied.

Portfolio Pulse from Mehab Qureshi

August 28, 2023 | 2:31 am

NFLX

WBD

Arleen Sorkin, the first actor to portray iconic DC villain Harley Quinn, passed away at 67 years old. Sorkin was the inspiration for the character and voiced Harley over the course of about three decades. The article also mentions an incident at the '2023 Summer Sonic' music festival in Tokyo where Elon Musk obstructed views to the stage while live-streaming the concert via X. Additionally, the director of Netflix's 'Depp v. Heard' Emma Cooper defended her docuseries to Rolling Stone.

Portfolio Pulse from Anthony Noto

August 27, 2023 | 5:25 pm

BTCUSD

A prominent Bitcoin whale has moved 5,140 BTC, valued at approximately $134 million, from the Dubai-centric cryptocurrency exchange Bybit to an unidentified wallet. This comes as Bitcoin reserves on exchanges have dwindled to a six-year low, with affluent Bitcoin traders now averaging weekly transactions of 57,400 BTC, each exceeding $100,000 in value. Other notable transactions include transfers from unknown wallets to Coinbase, Bitfinex, Gemini, and Binance.

Portfolio Pulse from Bibhu Pattnaik

August 27, 2023 | 3:25 pm

BTCUSD

Bloomberg's macro strategist, Mike McGlone, predicts that Bitcoin (BTC) will continue its downward trend in the face of an economic reset, despite projections of reaching a six-figure value. He views Bitcoin as a leading indicator for most risk assets and emphasizes that Bitcoin must display distinct resilience, similar to treasury bonds and gold during deflation. At the time of writing, Bitcoin was trading at $26,026.94, down by 2 percent in the last seven days.

Portfolio Pulse from Bibhu Pattnaik

August 27, 2023 | 2:09 pm