Streetbeat News

Assets

TSM

Taiwan Semiconductor Manufacturing Company (TSMC) is expected to see a substantial increase in fab utilization rates in the second half of the year, particularly for sub-7nm process manufacturing, according to DigiTimes.

Portfolio Pulse from Charles Gross

June 28, 2023 | 11:43 am

AWX

Avalon Holdings announced the resignation of Bryan P. Saksa as CFO, Treasurer, and Secretary on April 26, 2023. Stefanie Villella, Corporate Controller of Avalon, has been appointed as interim CFO and Treasurer. The company has initiated a search for a new CFO and Treasurer.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:37 am

BTC-USD

Robert F. Kennedy Jr.'s bid for the Democratic nomination is seen as a potential advantage for Republicans in their efforts against President Biden. Kennedy's rise in the polls and his appeal to a faction of the right that questions vaccine mandates have intrigued Republicans. His support for Bitcoin and criticism of Biden's crypto tax proposal have also garnered attention.

Portfolio Pulse from Benzinga Newsbot

June 28, 2023 | 11:17 am

AER

AerCap (AER) has announced lease placements with Airlink for three used Embraer E195-E1 aircraft. The first aircraft was delivered in March, and the remaining two are scheduled for delivery in July 2023.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:13 am

BTCUSD

In a recent episode of the popular Korean drama series 'Agency', a character expressed regret for not recognizing the potential of Bitcoin (CRYPTO: BTC) and missing out on the opportunity to mine it. The episode aired on February 18, 2023, when Bitcoin was trading at $24,760. Since then, the value of Bitcoin has increased by approximately 21.98% to $30,198.27.

Portfolio Pulse from Mehab Qureshi

June 28, 2023 | 11:09 am

QQQ

SPY

Major Wall Street indices ended Tuesday with gains, driven by positive economic data. The SPDR S&P 500 ETF Trust (NYSE:SPY) closed 1.1% higher, while the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) gained 1.72%. Options market outlook suggests resistance at $440 for SPY and $365 for QQQ, with support at $430 and $356 respectively. However, significant news events or macroeconomic developments can cause substantial movements in asset prices.

Portfolio Pulse from Bhavik Nair

June 28, 2023 | 10:40 am

BBBYQ

OSTK

Overstock.com Inc (NASDAQ:OSTK) has received approval from a U.S. bankruptcy judge for its $21.5M acquisition of Bed Bath & Beyond Inc's (OTC:BBBYQ) brand name, intellectual property, and ecommerce platform. Bed Bath & Beyond, which filed for Chapter 11 bankruptcy in April, will also conduct a separate auction for its infants and toddlers products chain, Buy Buy Baby.

Portfolio Pulse from Shivani Kumaresan

June 28, 2023 | 10:26 am

ARKK

COIN

ROKU

SQ

TSLA

ZM

Ark Investment Management, led by Cathie Wood, has seen a strong performance in H1 2023, with its flagship fund, Ark Innovation ETF (ARKK), surging approximately 35%. The firm's top holdings include Tesla, Roku, Zoom Video Communications, Coinbase Global, and Block. Ark has made significant trades in these and other stocks, including UiPath, Teradyne, Roblox, Nvidia, Taiwan Semiconductor Manufacturing Company, Advanced Micro Devices, Robinhood Markets, Exact Sciences, Shopify, DraftKings, and Surface Oncology. Other Ark ETFs have also performed well. Tech stocks are expected to see more momentum in H2 2023.

Portfolio Pulse from Shanthi Rexaline

June 28, 2023 | 9:59 am

BTCUSD

ETHUSD

FTX, a cryptocurrency exchange, is in talks about rebooting and rebranding its platform. Blockchain technology firm Figure has expressed interest in backing FTX's restart.

Portfolio Pulse from Charles Gross

June 28, 2023 | 9:32 am

AZN

AstraZeneca has announced a $400 million investment in its global AZ Forest programme, aiming to plant 200 million trees by 2030. The initiative includes new or expanded projects in Brazil, India, Vietnam, Ghana, and Rwanda, covering over 100,000 hectares worldwide. The investment is part of the company's climate action and aims to restore nature, promote biodiversity, and build ecological and community resilience.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 7:26 am