Streetbeat News

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ARKB

ETHE

FBTC

GBTC

Bitcoin spot ETFs have seen a net inflow of $39.02 million, with Ark & 21Shares and Fidelity leading the charge. In contrast, Grayscale's Bitcoin and Ethereum ETFs experienced outflows. The market is sensitive to macroeconomic data and political developments, with potential sideways trends until the election.

Portfolio Pulse from Murtuza Merchant

September 13, 2024 | 11:24 am

FTXN

OILT

OXY

Occidental Petroleum's subsidiary, 1PointFive, has secured up to $500 million from the U.S. Department of Energy to develop a CO2 capture hub in Texas. The project aims to significantly scale CO2 removal and storage capabilities. Occidental plans to use proceeds from divestitures for debt repayments.

Portfolio Pulse from Lekha Gupta

September 13, 2024 | 10:42 am

UXIN

Uxin Limited (NASDAQ:UXIN), a leading used car retailer in China, has secured a $7.5 million investment from Pintu (Beijing) Information Technology Co., Ltd., a subsidiary of Dida Inc. The investment involves subscribing to over 1.5 billion Class A ordinary shares and includes a loan agreement with Youxin Anhui.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 9:04 am

MMI

Marcus & Millichap has successfully closed a $187.5 million deal for a 497-unit multifamily property in Phoenix. This acquisition highlights the company's active role in the real estate market.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 7:35 am

AAPL

BAC

BRK

OXY

Warren Buffett's $13 billion investment in Occidental Petroleum (OXY) has faced challenges as the stock has dropped 29% since mid-April, influenced by a decline in crude oil prices. Despite the setback, Buffett may consider buying more shares, although a takeover is unlikely. Occidental's stock buyback plans hinge on debt reduction. Berkshire Hathaway's average purchase price is slightly above the current trading price, and Buffett holds warrants to buy more shares at a higher strike price.

Portfolio Pulse from Benzinga Neuro

September 13, 2024 | 7:14 am

WLD

XRP

Worldcoin (WLD) and XRP saw significant gains, with WLD rising over 9% following OpenAI's 'o1' model launch, and XRP increasing by 4.42% after Grayscale launched a new XRP Trust.

Portfolio Pulse from Aniket Verma

September 13, 2024 | 4:24 am

EPD

ETR

GNRC

SHEL

Energy companies on the U.S. Gulf Coast experienced minimal damage from Hurricane Francine, which weakened as it moved inland. Shell, Entergy, and Enterprise Products Partners reported no significant damage to their facilities, while Generac Holdings saw a decline in stock price.

Portfolio Pulse from Michael Juliano

September 12, 2024 | 11:55 pm

LRFC

Logan Ridge Finance Corporation has exited its largest equity investment in Nth Degree Investment Group, LLC. This move could impact Logan Ridge's financials and investment strategy.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 9:54 pm

CGAU

Centerra Gold has announced its total project costs guidance for the Thompson Creek project for the second half of 2024, estimating costs between $55 million and $65 million.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 9:03 pm

CDTX

Cidara Therapeutics anticipates incurring approximately $1.2 million in charges for severance payments and employee benefits, mainly in Q4 2024. The company also plans to start a Phase 2b clinical trial for CD388, aimed at preventing influenza, in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:23 pm