Streetbeat News

Assets

EVGO

EVgo and its partners have been selected by the Ohio Department of Transportation for proposed awards of $13.8M in NEVI funding. The funding is for the development of 20 fast charging stations along interstate corridors.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 11:14 am

USO

Saudi Arabia's crude oil production fell by 502,000 barrels per day to 9.96 million barrels per day in May, according to Reuters citing the International Energy Forum (IEF).

Portfolio Pulse from Charles Gross

July 17, 2023 | 10:23 am

ETHUSD

Over 3.46 million Ethereum (ETH) valued at $6.68 billion has been burned since the enforcement of the London hard fork in August 2021. The burning was primarily driven by regular ETH transfers and transactions involving non-fungible tokens (NFTs) on Opensea and Uniswap v2. The Ethereum network transitioned from a proof-of-work (PoW) to a proof-of-stake (PoS) blockchain, known as 'The Merge,' on Sep. 15, 2022. At the time of writing, ETH was trading at $1931, up 0.42% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 17, 2023 | 10:14 am

MTAL

Metals Acquisition Limited (MAC) has appointed Dan Vujcic as interim CFO, replacing Jaco Crouse who has left the company. The Board of Directors has begun a search for a permanent CFO.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 10:02 am

ARKK

BABA

BTCUSD

ETHUSD

TSLA

US markets remain bullish following strong bank earnings. ARK's flagship fund sees a $717M exodus from investors. Wall Street strategist issues troubling assessment of stock-market rally. Biden receives $200K funding from OpenAI CEO for 2024 campaign. Pay raises beat inflation, providing financial relief to American workers. China's Q2 GDP miss stirs unease, impacting Alibaba, BYD, and other stocks. Tesla's Q2 results expected to show short-term margin disappointment but good recovery beyond. BlackRock CEO reveals high demand for Bitcoin, Ethereum among gold investors.

Portfolio Pulse from Akanksha Bakshi

July 17, 2023 | 9:53 am

AAPL

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a significant decline from its all-time high, despite its compatibility with the Ethereum (CRYPTO: ETH) ecosystem and the development of Shibarium, a Layer-2 solution. The token's burning rate surged by 6340% in the last 24 hours, resulting in the burning of 79 million SHIB tokens. However, even if Shiba Inu reaches $0.01 per token, its circulating supply would result in a network market cap of $5.9 trillion, surpassing companies like Apple Inc in terms of market value.

Portfolio Pulse from Mehab Qureshi

July 17, 2023 | 7:26 am

FXI

Oil prices have fallen following disappointing GDP data from China and the resumption of oil output in Libya. Crude Oil WTI was trading lower by 1.17% at $74.44/bbl, and Brent Oil was down by 1.16% at $78.94/bbl.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 7:21 am

META

SNAP

Mark Zuckerberg, CEO of Meta Platforms Inc., has reportedly obtained his student pilot certificate, joining the ranks of other tech CEOs like Elon Musk and Snap Inc.'s Evan Spiegel who also have piloting skills. This news comes amidst Zuckerberg's other pursuits, such as jiu-jitsu and MMA fighting, and the launch of Meta's Threads app, which gained 100 million users in five days but has since seen a decline in daily active users and app usage time.

Portfolio Pulse from Ananya Gairola

July 17, 2023 | 6:58 am

FXI

The unemployment rate in China for June remained unchanged at 5.2%, which was in line with forecasts. This could potentially impact the iShares China Large-Cap ETF (FXI).

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:31 am

FXI

China's year-on-year industrial production for June increased by 4.4%, surpassing the estimated 2.7% and the previous 3.5%. The year-to-date industrial production also rose to 3.8% from the previous 3.6%.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 4:29 am