Streetbeat News

Assets

KSCP

Knightscope has secured three new sales, although the terms of these deals have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 1:43 pm

BTCUSD

ETHUSD

OPUSD

RUNEUSD

Bitcoin and Ethereum traded lower, with Bitcoin falling below the key $30,000 level. The U.S. annual inflation rate rose to 3.2% in July from 3% in June, but was lower than market estimates of 3.3%. Aptos was the top gainer over the prior 24 hours, while Optimism was the biggest loser. The global crypto market cap fell to $1.17 trillion, recording a 24-hour decline of 0.8%.

Portfolio Pulse from Lisa Levin

August 10, 2023 | 1:37 pm

FTTUSD

FTX (CRYPTO: FTT) is facing a clash with traders and market makers on a principal creditor committee, who are accused of trying to dominate assets without considering the repercussions for other involved parties. This follows a preliminary restructuring proposal by FTX's CEO and Chief Restructuring Officer, John J. Ray III. Unsecured creditors claim they weren't adequately consulted and argue that FTX could achieve better returns from its substantial cash and token reserves. FTX's legal team maintains that there have been thorough discussions with both parties' representatives.

Portfolio Pulse from Murtuza Merchant

August 10, 2023 | 1:14 pm

MSFT

A new study reveals that 93% of companies globally plan to increase their artificial intelligence (AI) spending in the next year. The rise in AI interest and investments is attributed to the success of ChatGPT and a $10 billion investment in its parent company, OpenAI, by Microsoft Corporation. The study also shows that the US may lag behind other countries in AI spending, with China and India more likely to increase their spending.

Portfolio Pulse from Chris Katje

August 10, 2023 | 1:00 pm

PSA

The storage unit business is proving to be extremely profitable due to the human tendency to avoid the hassle of moving items. Once a customer stays for a year, they typically stay for five, according to Joseph Russell Jr., CEO of Public Storage (NYSE:PSA). Entrepreneurs are capitalizing on this trend by buying run-down storage facilities, fixing them up, and raising rates. The demand for storage facilities has been soaring over the last two decades.

Portfolio Pulse from Adam Eckert

August 10, 2023 | 12:59 pm

SILO

Silo Pharma has engaged Clarivate for the management of its expanding intellectual property and patent portfolio. Clarivate will monitor, manage, and maintain the company's IP assets.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:52 pm

SPY

UUP

The US Consumer Price Index (CPI) rose 3.2% in July 2023, below the expected 3.3%, easing concerns about Federal Reserve interest rate hikes. Core inflation fell from 4.8% to 4.7% YoY. The Labor Department reported an increase in initial jobless claims for the week ending Aug. 5, from 227,000 to 248,000. The dollar and Treasury yields declined, while S&P 500 and Nasdaq 100 futures rose. The Invesco DB USD Index Bullish Fund ETF (UUP) and the SPDR S&P 500 ETF Trust (SPY) were directly affected.

Portfolio Pulse from Piero Cingari

August 10, 2023 | 12:47 pm

TROW

T. Rowe Price Group, Inc. (TROW) reported preliminary month-end assets under management of $1.43 trillion as of July 31, 2023. The company also reported net outflows of $5.4 billion for July 2023.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 12:45 pm

DIA

IWM

QQQ

SPY

The Core CPI (YoY) for July came in at 4.7%, slightly below the estimated 4.8%.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:31 pm

SPY

USO

According to OPEC, Saudi Arabia's crude output fell by 968,000 barrels/day in July to 9.02 million barrels/day. OPEC's overall crude output also decreased by 836,000 barrels/day in July to 27.31 million barrels/day.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 12:17 pm