Streetbeat News

Assets

BLK

BlackRock and Jio Financial Services have agreed to form a 50:50 joint venture to enter India's asset management industry, with an initial investment of $150M each. The partnership aims to transform the industry through a digital-first offering and democratise access to investment solutions for Indian investors.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:12 pm

CNI

Canadian National Railway (NYSE:CNI) has outperformed the market over the past 15 years, producing an average annual return of 10.53%. If an investor had bought $100 of CNI stock 15 years ago, it would be worth $445.29 today.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 3:01 pm

ILMN

Illumina (NASDAQ:ILMN) has outperformed the market over the past 20 years, producing an average annual return of 27.38%. If an investor had bought $100 of ILMN stock 20 years ago, it would be worth $12,660.20 today. The company currently has a market capitalization of $29.94 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 3:00 pm

BMWYY

GM

HMC

HYMTF

MBGYY

STLA

Major automakers including BMW, GM, Honda, Hyundai, Kia, Mercedes Benz, and Stellantis are planning to invest at least $1 billion in a joint venture to build thousands of EV chargers in the US. The group aims to add around 30,000 fast chargers in urban and highway areas over several years. The investment model mirrors Europe's Ionity charging company, formed in 2017 with funding from many of the same automakers. Some automakers, like GM, Mercedes, Ford, Nissan, and Rivian, have deals with Tesla for partial access to its Supercharger network.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 2:58 pm

FLGC

Flora Growth Corp. (NASDAQ:FLGC) is selling its Colombian subsidiaries and assets to a private company for CA$800,000 ($605,000). The sale includes all of Flora's operations in Colombia and is expected to close by July 31, 2023. The company anticipates annual savings of $6.1 million from this and other strategic changes. Flora's 2023 revenue guidance, which included estimates relating to the Colombian assets, is being reevaluated. Matthew Cohen, general counsel, has resigned from the company.

Portfolio Pulse from Vuk Zdinjak

July 26, 2023 | 2:40 pm

USO

The production of distillate fuel has seen a draw of 251K, compared to an expected build of 2K. This could potentially impact the price of oil and related ETFs such as USO.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:31 pm

UNG

The gasoline production has seen a build of 35K, which is less than the expected build of 45K.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:30 pm

BDX

Becton, Dickinson (NYSE:BDX) has outperformed the market over the past 20 years, producing an average annual return of 10.99%. If an investor had bought $100 of BDX stock 20 years ago, it would be worth $793.19 today. The company currently has a market capitalization of $80.84 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 2:30 pm

USO

Crude oil inventories have seen a draw of 600K, which is less than the expected draw of 2.348M.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:30 pm

BTCUSD

COMPUSD

ETHUSD

XDCUSD

Bitcoin (BTC) traded slightly higher, while Ethereum (ETH) edged lower. Compound (COMP) was the top gainer over the prior 24 hours, while XDC Network (XDC) was the biggest loser. The global crypto market cap rose to $1.17 trillion, recording a 24-hour gain of 0.2%. Other notable gainers include Maker (MKR), Solana (SOL), Kava (KAVA), and Theta Network (THETA). Losers include Pepe (PEPE), Filecoin (FIL), Gala (GALA), and Mantle (MNT).

Portfolio Pulse from Lisa Levin

July 26, 2023 | 2:30 pm