Streetbeat News

Assets

SDRL

Seadrill has increased its proposed offering of 8.375% senior secured second lien notes due 2030 from $450M to $500M.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 6:41 am

BBJP

DXJ

EWJ

Japan's industrial production for May has decreased by 2.2%, which is worse than the estimated decrease of 1.6% and a significant drop from the 0.7% increase in the previous month.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 4:31 am

BTCUSD

ETHUSD

XRPUSD

Over $33M worth of XRP shorts were liquidated in the past 12 hours following a court ruling in favor of Ripple Labs. The ruling stated that the XRP token is not considered a security. This led to a surge in whale activity on the XRP network, with 637 transactions valued at over $100,000 each recorded in the last 24 hours. XRP's price increased by 62% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 4:23 am

AAPL

BAC

META

Bank of America (BAC) has integrated artificial intelligence and the metaverse into its new employee onboarding process. The technology is used to provide immersive training experiences for recruits, allowing them to practice real-world scenarios and enhance their skills. The program has been implemented globally, benefiting over 200,000 employees.

Portfolio Pulse from Ananya Gairola

July 14, 2023 | 2:19 am

BHP

BHP Group (NYSE:BHP) has outperformed the market over the past 20 years by 1.26% on an annualized basis, producing an average annual return of 9.11%. If an investor had bought $100 of BHP stock 20 years ago, it would be worth $589.32 today.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 9:30 pm

HD

Home Depot (NYSE:HD) has outperformed the market over the past 15 years by 10.05% on an annualized basis, producing an average annual return of 18.9%. If an investor had bought $1000 of HD stock 15 years ago, it would be worth $13,455.95 today.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 9:30 pm

MEI

Methode Electronics is discontinuing its Dabir Surfaces business. The company expects the wind down process to be completed by the end of fiscal 2024, with associated costs to fiscal year 2024 pre-tax income estimated between $1.5 million and $3.5 million.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 9:16 pm

BTCUSD

ETHUSD

FTX Debtors have launched an online claims portal for customers, according to Reuters. The portal will allow customers to file claims related to their investments in cryptocurrencies such as Bitcoin (BTCUSD) and Ethereum (ETHUSD).

Portfolio Pulse from Charles Gross

July 13, 2023 | 9:08 pm

MSI

Motorola Solutions (NYSE:MSI) has outperformed the market over the past 20 years, producing an average annual return of 29.23%. If an investor had bought $1000 of MSI stock 20 years ago, it would be worth $159,650.29 today.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 9:00 pm

CNI

Canadian National Railway (NYSE:CNI) has outperformed the market over the past 20 years by 6.46% on an annualized basis, producing an average annual return of 14.31%. If an investor had bought $1000 of CNI stock 20 years ago, it would be worth $14,763.99 today.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 9:00 pm