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ASI

American Strategic Investment is set to undergo a leadership change with Michael Anderson being named as the new CEO and Joseph Marnikovic as the new CFO. This comes after the current CEO, Edward Weil, and CFO, Christopher Masterson, notified the company's board of their intent to resign.

Portfolio Pulse from Charles Gross

August 11, 2023 | 10:19 am

AKRO

Akero Therapeutics (AKRO) has reported cash, cash equivalents, and short-term and long-term marketable securities of $658.9M. This is expected to be sufficient to fund its current operating plan into 2026.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 10:06 am

OXY

The US government has announced up to $1.2 billion in funding to advance the development of two commercial-scale Direct Air Capture (DAC) facilities in Texas and Louisiana. The facilities are being developed by 1PointFive, a subsidiary of Occidental, and its partners, Carbon Engineering Ltd. and Worley, and by Battelle, in coordination with Climeworks Corporation and Heirloom Carbon Technologies, Inc.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 9:30 am

TSLA

A video showing construction machinery near the site of Tesla's Gigafactory Mexico suggests that groundwork may have begun, despite delays due to permit acquisition. The factory, located just outside Monterrey, Nuevo León, is crucial to Tesla's goal of producing 20 million vehicles by the end of the decade. The factory will produce Tesla’s next-generation vehicles, including a cheaper electric hatchback and its Robotaxi vehicle.

Portfolio Pulse from Benzinga Neuro

August 11, 2023 | 7:56 am

EWU

The U.K. industrial production for June increased by 1.8%, significantly higher than the estimated 0.1% and the previous month's -0.6%.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:03 am

EWU

The UK's preliminary GDP for Q2 has shown a quarter-on-quarter increase of 0.2%, beating the estimate of 0.0% and the prior figure of 0.1%. The year-on-year preliminary GDP for Q2 also increased to 0.4%, doubling the estimate and prior figure of 0.2%.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:02 am

DOGEUSD

PEPEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a significant increase in its token burn rate, with over 79 million SHIB tokens burnt in the last 24 hours. This comes as investors anticipate the launch of Shibarium, a layer-2 solution. SHIB has outperformed other meme coins including Dogecoin (CRYPTO: DOGE) and Pepe coin (CRYPTO: PEPE) in terms of market capitalization. The accelerated burn rate of SHIB tokens has surged by more than 15% within the past 24 hours.

Portfolio Pulse from Mehab Qureshi

August 11, 2023 | 3:48 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies showed resilience amid the release of Consumer Price Index (CPI) data. Bitcoin, Ethereum, and Dogecoin experienced mixed trading, with Bitcoin and Ethereum slightly down and Dogecoin slightly up. The global crypto market capitalization stands at $1.17 trillion, a 0.48% decrease in the last day. Analysts predict that Bitcoin could reach over $70,000 this year, despite its struggle to maintain a consistent price above $30,000 in recent months.

Portfolio Pulse from Mehab Qureshi

August 11, 2023 | 2:38 am

PANW

Palo Alto Networks (NASDAQ:PANW) has outperformed the market over the past 5 years by 15.5% on an annualized basis, producing an average annual return of 24.96%. If an investor had bought $100 of PANW stock 5 years ago, it would be worth $304.83 today.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 9:30 pm

TT

Trane Technologies (NYSE:TT) has outperformed the market over the past 5 years, producing an average annual return of 21.84%. If an investor had bought $100 of TT stock 5 years ago, it would be worth $271.24 today.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 9:30 pm