Streetbeat News

Assets

AAPL

DIS

Apple Inc. (AAPL) is reportedly considering acquiring ESPN from Walt Disney Co. (DIS) to boost its live sports content on Apple TV, according to Wedbush analyst Daniel Ives. Ives believes that ESPN, which could cost over $50 billion, would be a strategic acquisition for Apple, providing valuable sports content and major TV rights. However, he also noted potential antitrust concerns. Ives has an Outperform rating and a $230 price target on Apple shares.

Portfolio Pulse from Shanthi Rexaline

August 17, 2023 | 5:55 am

ETHUSD

Blockchain data firm Arkham Intelligence has revealed that former President Donald Trump owns a cryptocurrency wallet that collects millions in royalty payments from Non-Fungible Tokens (NFTs). The wallet, on the Ethereum blockchain, holds $2.8 million in Ethereum (ETH), as well as smaller amounts in wETH, MATIC, and USDC stablecoin. Trump's NFT collection has seen a 14% increase in floor price in the past 24 hours. ETH is currently trading at $1,789, down 0.89% over the past 24 hours.

Portfolio Pulse from Mehab Qureshi

August 17, 2023 | 4:12 am

META

Meta Platforms Inc.'s Threads faced an outage on Wednesday night, leading users to flock to Elon Musk's X, formerly Twitter. This comes a month after Meta's Instagram, Facebook, WhatsApp, and Threads faced temporary outages worldwide. The outages reported in the last 24 hours peaked at 1,133 at around 11 PM ET on Wednesday, with 96% of the complaints about the app.

Portfolio Pulse from Ananya Gairola

August 17, 2023 | 3:44 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have experienced a drop in value due to a slump in trading activity. This comes as the SEC is evaluating applications for spot BTC ETFs. Stocks also took a downturn as investors processed potential rising interest rates from the Federal Reserve's July meeting. Analysts predict a potential surge in Bitcoin's price if the right fundamentals align, such as the approval of a spot Bitcoin ETF.

Portfolio Pulse from Mehab Qureshi

August 17, 2023 | 3:04 am

AHI

Advanced Health Intelligence Ltd (NASDAQ:AHI) has successfully obtained eligibility for a 43.5% reimbursement of approved expenditures incurred abroad for overseas R&D under the Australian Government Research and Development Tax Incentive Scheme. This follows the company's acquisitions of Vertica Health and wellteq Digital Health Inc. in 2022, which expanded its global development team across the US, Singapore, South Africa, and Netherlands.

Portfolio Pulse from Charles Gross

August 16, 2023 | 11:09 pm

INTC

NVDA

TSEM

NVIDIA Corp (NVDA) is gaining a competitive edge in the semiconductor industry with its AI chips, which promise substantial energy savings and enhanced performance for data centers. The company's chips are being heavily invested in by Saudi Arabia and U.A.E. Meanwhile, Intel's (INTC) proposed acquisition of Tower Semiconductor (TSEM) is facing delays due to resistance from China's State Administration for Market Regulation. China's semiconductor production growth has also slowed, which could increase competition for NVDA.

Portfolio Pulse from Mohit Manghnani

August 16, 2023 | 11:02 pm

DOGEUSD

Dogecoin (CRYPTO: DOGE) is trading lower by 5% due to overall market weakness following weak economic data from China and potential downgrades in the banking sector. Despite the listing of Europe's first Bitcoin ETF by Jacobi Asset Management, the negative sentiment in financial markets has led to a pullback in various asset classes, including Dogecoin.

Portfolio Pulse from Henry Khederian

August 16, 2023 | 10:31 pm

BONEUSD

ETHUSD

SHIBUSD

Shiba Inu's Ethereum Layer 2 blockchain, Shibarium, has launched its mainnet after a successful testnet phase that saw over 21 million user wallets. The mainnet aims to address transaction speed and high gas fees issues in the blockchain space. It operates on the proof of stake consensus mechanism and rewards contributors with the BONE governance token. Shibarium also plans to integrate self-sovereign identity into its protocols for enhanced user privacy.

Portfolio Pulse from Murtuza Merchant

August 16, 2023 | 9:40 pm

TTD

Trade Desk (NASDAQ:TTD) has outperformed the market over the past 5 years, producing an average annual return of 41.32%. If an investor had bought $1000 of TTD stock 5 years ago, it would be worth $5,802.49 today. The company currently has a market capitalization of $35.66 billion.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:30 pm

AMP

Ameriprise Finl (NYSE:AMP) has outperformed the market over the past 15 years, producing an average annual return of 14.65%. If an investor had bought $1000 of AMP stock 15 years ago, it would be worth $7,722.35 today. The company currently has a market capitalization of $34.27 billion.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:30 pm