Streetbeat News

Assets

EEMA

EWU

EZU

FLAX

SPY

US markets ended lower on July 26, with Dow Jones breaking its 13-session winning streak. The US economy grew by an annualized 2.4% in Q2, higher than market estimates of 1.8%. Initial jobless claims fell to 221,000, the lowest in five months. Asian markets showed mixed results, with Japan's Nikkei 225 and Australia's S&P/ASX 200 falling, while Shanghai Composite and Hang Seng index rose. European markets were mostly down, while commodities showed mixed results. US futures were up, and the US Dollar Index rose by 0.09%.

Portfolio Pulse from Akanksha Bakshi

July 28, 2023 | 9:35 am

TM

Toyota Motor Corporation (TM) plans to sell 20% of its stake in KDDI, a deal worth approximately $1.8 billion. The move is part of Toyota's strategy to streamline its assets and focus on its core business.

Portfolio Pulse from Charles Gross

July 28, 2023 | 9:07 am

BTCUSD

Nigel Farage, former leader of the UK Independence Party, plans to launch an initiative to address the issue of individuals being de-banked. Farage's initiative involves gathering cases of individuals who have faced account closures or banking restrictions. Farage is a vocal supporter of Bitcoin, which he sees as a solution to the de-banking issue. Bitcoin was trading at $29,257 at the time of the article.

Portfolio Pulse from Mehab Qureshi

July 28, 2023 | 8:29 am

EWG

VGK

Germany's Q2 Gross Domestic Product (GDP) has decreased by 0.2% quarter-on-quarter, compared to the estimated 0.1%. The year-on-year GDP has also decreased by 0.6%, compared to the prior -0.2%.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 8:01 am

AZN

PFE

Alexion, a subsidiary of AstraZeneca, has agreed to purchase and license a portfolio of preclinical gene therapy programs from Pfizer for a total consideration of up to $1B, plus tiered royalties on sales.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 7:35 am

AMD

AMD plans to invest approximately $400 million to expand its research, development, and engineering operations in India.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 7:14 am

EWQ

VGK

France's Gross Domestic Product (GDP) for Q2 has increased by 0.9%, slightly higher than the prior 0.8%.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:41 am

EWQ

France's Gross Domestic Product (GDP) for Q2 has increased by 0.5%, surpassing the estimated 0.1% and the prior 0.1%.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:33 am

CC

Chemours has announced the closure of its Titanium Dioxide manufacturing facility in Kuan Yin, Taiwan as part of its cost optimization efforts.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:07 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline due to the U.S. central bank's decision to implement 25 basis point interest rate hikes. Large Bitcoin investors are currently showing a reluctance to buy or sell more of the asset. Analysts predict that Bitcoin could reach six figures before halving in 2024, with the approval of a spot Bitcoin exchange-traded fund potentially triggering a rally.

Portfolio Pulse from Mehab Qureshi

July 28, 2023 | 2:44 am