Streetbeat News

Assets

BTCUSD

A stash of 50 Bitcoins (BTC) from the Satoshi-era, worth over $1.2 million, has been transferred to a new wallet after being dormant for 13 years. This continues a recent trend of previously untouched Bitcoin making significant moves.

Portfolio Pulse from Mehab Qureshi

June 16, 2023 | 11:38 am

FXI

China's cabinet has approved plans to increase financing support for technology firms, according to Reuters citing state media.

Portfolio Pulse from Charles Gross

June 16, 2023 | 11:09 am

ORGN

Origin Materials announced that CFO Nate Whaley will be departing the company. A formal search process for a new CFO has been initiated, and Whaley will remain at the company until September 1, 2023, and hold an advisory role through the end of the year.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 11:06 am

BHIL

Benson Hill (BHIL) announced the immediate resignation of CEO Matt Crisp, with Adrienne Elsner named as interim CEO. Crisp will serve as a consultant to the Board for 12 months. The company also appointed Richard Mack as an Independent Director.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 11:04 am

TALO

Talos Energy (NYSE:TALO) has appointed Sergio L. Maiworm Jr. as the new CFO and Senior Vice President, effective July 1, 2023. He replaces Shannon E. Young, III, who is leaving to join another E&P company. TALO recently reported Q1 2023 revenues of $322.6 million, missing the consensus of $370.9 million.

Portfolio Pulse from Lekha Gupta

June 16, 2023 | 10:49 am

EWG

INTC

The German Economy Ministry is in intensive and ongoing talks regarding state subsidies for Intel's chip site, aiming to strengthen Germany's position in the semiconductor industry.

Portfolio Pulse from Charles Gross

June 16, 2023 | 9:53 am

QQQ

SPY

The S&P 500 reached a 14-month high following the Federal Reserve's decision to pause rate hikes and positive economic data. The SPDR S&P 500 ETF Trust (SPY) closed 1.24% higher, while the Invesco QQQ Trust Series 1 (QQQ) saw a 1.19% increase. Options market data suggests resistance at 4,450 and support at 4,400.

Portfolio Pulse from Bhavik Nair

June 16, 2023 | 9:30 am

VGK

Eurozone May CPI data matches estimates with MoM at 0.00% and YoY at 6.1%. Core CPI also in line with expectations at MoM 0.02% and YoY 5.3%.

Portfolio Pulse from Charles Gross

June 16, 2023 | 9:04 am

DIS

Disney CFO Christine McCarthy is stepping down and taking a family medical leave of absence. Veteran Disney executive Kevin Lansberry will serve as Interim CFO, effective July 1. McCarthy will continue as a strategic advisor during her leave.

Portfolio Pulse from Bhavik Nair

June 16, 2023 | 4:13 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies rose briefly after BlackRock's iShares unit filed with the SEC to launch a spot Bitcoin ETF. However, veteran trader Peter Brandt warns that Bitcoin may be on the verge of a significant downward move.

Portfolio Pulse from Mehab Qureshi

June 16, 2023 | 2:38 am