Streetbeat News

Assets

WE

WeWork shares are trading lower due to volatility caused by retail investor interest and the company's recent statement expressing substantial doubt over its ability to stay in business.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 6:26 pm

FTTUSD

Dubai's Virtual Assets Regulatory Authority (VARA) has imposed a fine of nearly $2.8 million on cryptocurrency exchange OPNX and its founders for committing a Market Offense. The exchange, established by Kyle Davies and Su Zhu, enabled investors to trade bankruptcy claims for firms like FTX and CoinFLEX. Despite claims of significant investments, OPNX reported only $2 in trades during its initial 24 hours. Additional penalties totaling around $54,000 were imposed on the founders for non-compliance with marketing and advertising standards.

Portfolio Pulse from Murtuza Merchant

August 16, 2023 | 6:24 pm

FTTUSD

GS

NKE

Cryptocurrency custody firm BitGo Inc. has raised $100 million in a funding round, increasing its valuation to $1.75 billion. The company, which safeguards crypto assets, oversees assets for creditors of digital asset exchange FTX (CRYPTO: FTT) and counts Swan Bitcoin, Mysten Labs Inc., and Nike Inc (NYSE:NKE) among its clients. BitGo's past investors include Goldman Sachs Group Inc. (NYSE:GS). The new funds will be used for strategic acquisitions.

Portfolio Pulse from Murtuza Merchant

August 16, 2023 | 6:09 pm

SPY

The Federal Open Market Committee (FOMC) has released the minutes of its meeting held on July 25-26. The document provides insights into the committee's discussions and decisions regarding monetary policy. The SPY ETF, which tracks the S&P 500, may be impacted by these revelations.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 6:01 pm

SPY

The Federal Reserve's meeting minutes reveal that most participants believe inflation risks could necessitate further interest rate hikes. This could impact the broader market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 6:00 pm

LNG

Cheniere Energy (AMEX:LNG) has outperformed the market over the past 10 years by 9.0% on an annualized basis, producing an average annual return of 19.32%. If an investor had bought $100 of LNG stock 10 years ago, it would be worth $588.58 today.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 6:00 pm

ETHUSD

On Tuesday, 5,481.63 Ether (ETH) worth $9,993,510 was burned from Ethereum transactions. This is a result of the Ethereum blockchain's upgrade known as EIP-1159, which changes the fee model and burns a base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -5.96%.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 6:00 pm

OXY

WYGPF

Occidental Petroleum Corp (OXY) has acquired existing technology provider Carbon Engineering Ltd for $1.1 billion to expedite future direct air recapture (DAC) projects. The acquisition is expected to generate incremental revenue from technology licensing and royalties. The deal also reinforces OXY's commitment to DAC technology in its low carbon ventures. OXY has a DAC specific construction partnership with Worley Ltd (WYGPF).

Portfolio Pulse from Shivani Kumaresan

August 16, 2023 | 5:37 pm

ATVI

FUBO

GOOG

META

MTCH

NFLX

ROKU

SIRI

T

VZ

Benzinga's options activity scanner has identified significant options activity in the Communication Services sector. The stocks involved include Meta Platforms (META), FuboTV (FUBO), Sirius XM (SIRI), Netflix (NFLX), Activision Blizzard (ATVI), Match Group (MTCH), AT&T (T), Alphabet (GOOG), Verizon (VZ), and Roku (ROKU). The options activity ranges from neutral to bearish and bullish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 5:35 pm

AAPL

AMD

CSCO

INTC

LITE

MU

NVDA

PANW

RIOT

TWLO

Benzinga's options activity scanner has identified significant trading activity in 10 information technology stocks. The stocks include Apple (AAPL), Nvidia (NVDA), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Lumentum Holdings (LITE), Twilio (TWLO), Riot Blockchain (RIOT), Micron Technology (MU), Palo Alto Networks (PANW), and Intel (INTC). The trading activity includes both bullish and bearish sentiments.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 5:35 pm