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BBJP

DXJ

EWJ

Japan's household spending for June increased by 0.9% month-on-month, beating the estimate of 0.3% but down from the prior -1.1%. Year-on-year, household spending for June decreased by 4.2%, slightly worse than the estimated -4.1% and the prior -4%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:55 am

FXI

China's year-over-year imports for July have decreased by 12.4%, which is significantly lower than the estimated 5.6% and the prior 6.8%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:51 am

FXI

The year-on-year exports for July have declined by 14.5%, which is worse than the estimated decline of 9.8%.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:17 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed on Monday with the global cryptocurrency market cap declining 0.3% to $1.2 trillion. Bitcoin was marginally higher, Ethereum was down, and Dogecoin was down 2.27%. Analysts are awaiting the Consumer Price Inflation report due on August 13 for further market direction. Cryptocurrency trader Michaël van de Poppe suggested that it's a time to accumulate more if possible. Chainlink whales have purchased 14 million LINK over the past week, worth over $100 million.

Portfolio Pulse from Shivdeep Dhaliwal

August 08, 2023 | 2:51 am

ACCD

DKNG

GENI

IONS

PACB

QSI

RXRX

TXG

Ark Invest, led by Cathie Wood, made significant trades on August 7, 2023. The most notable was the acquisition of shares in Pacific Biosciences of California (PACB) following its impressive Q2 financial results. Ark also reduced its exposure to DraftKings (DKNG) and Genius Sports (GENI), despite DraftKings' strong Q2 results. Other trades included buying shares of Recursion Pharmaceuticals (RXRX), Accolade Inc (ACCD), and Quantum (QSI), and selling shares of Ionis Pharmaceuticals (IONS) and 10x Genomics (TXG).

Portfolio Pulse from Benzinga Neuro

August 08, 2023 | 2:00 am

AAPL

AMZN

HPQ

SNOW

Warren Buffett's Berkshire Hathaway has invested 46.7% of its $364.7 billion portfolio in AI-related companies. The spread includes Apple (44.9%), HP (1.1%), Amazon (0.4%), and Snowflake (0.3%). Buffett's balanced stance on AI reflects its potential and inherent risks. With AI-centric companies influencing 2023’s market dynamics, there’s a shift toward a top-heavy advance, particularly with dominant stocks impacting key indexes like the S&P 500 and Nasdaq 100.

Portfolio Pulse from AJ Fabino

August 07, 2023 | 9:55 pm

VAL

Valaris Limited (NYSE:VAL) has announced the pricing of a $400 million private placement of additional 8.375% Senior Secured Second Lien Notes due 2030. The offering was upsized from the original $350 million. The proceeds will be used to finance the purchase of drillships VALARIS DS-13 and VALARIS DS-14, and for general corporate purposes. The securities have not been registered under the Securities Act and will be sold only to qualified institutional buyers and persons outside the United States.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 9:14 pm

FCPT

Four Corners Property Trust (FCPT), a real estate investment trust, has announced the acquisition of a Jiffy Lube property for $1.6 million. This acquisition is part of FCPT's strategy to own and acquire high-quality, net-leased restaurant and retail properties.

Portfolio Pulse from Charles Gross

August 07, 2023 | 9:07 pm

FARM

Farmer Brothers Company (NASDAQ:FARM) has announced a transition of its CFO role. Current CFO Scott Drake will conclude his employment on Oct. 1, 2023, and will assist with the transition. Brad Bollner, the company's Vice President of Finance, will serve as interim CFO. The transition is not related to any concerns about the company's fiscal 2023 financial results.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 9:03 pm

SPLP

Steel Partners Holdings L.P. (NYSE:SPLP) has appointed Ryan O'Herrin as its new Chief Financial Officer. O'Herrin, who has over 20 years of experience in finance across multiple industries, will replace Jason Wong, who has resigned to pursue other opportunities. O'Herrin will report directly to Warren Lichtenstein, Executive Chairman of Steel Partners.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 8:59 pm