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BlackRock CEO Larry Fink believes AI has the potential to increase productivity and control inflation. He sees AI as transformative for long-term investing and margins across sectors. Meanwhile, experts like Elon Musk have raised concerns about AI safety.

Portfolio Pulse from Bhavik Nair

June 15, 2023 | 1:21 am

FCPT

Four Corners Property Trust (FCPT) has acquired a newly constructed Fast Pace Health property in Louisiana for $2.1 million. The property is occupied under a long-term net lease and the transaction was priced at a cap rate in range with previous FCPT transactions.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 10:00 pm

SPY

Doubleline Capital's Jeffrey Gundlach stated that fixed income currently has four times the payout, and parts of the bond market have stock-like upside potential.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:46 pm

SPY

Jeffrey Gundlach, CEO of DoubleLine Capital, suggests that it's the perfect time to upgrade fixed income portfolios, recommending a 60% allocation to bonds.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:45 pm

SPY

Federal Reserve Chairman Jerome Powell stated that they expect wages not to fall, but to grow more slowly. He added that a gradual slowdown in wage growth is necessary to bring down inflation, and labor market dynamics are central to their discussions.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:16 pm

BNBUSD

A US federal judge has ordered Binance, Binance.US, and the SEC to participate in a mediation conference to negotiate operational restrictions during the ongoing regulatory lawsuit. The SEC accuses Binance and Binance.US of selling unregistered securities, violating US laws, and sought a temporary restraining order on Binance.US's assets.

Portfolio Pulse from Murtuza Merchant

June 14, 2023 | 7:07 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed will carefully monitor market conditions as the Treasury refills the Treasury General Account (TGA). He added that they are starting at a high level of reserves and do not foresee reserves becoming scarce in the near term.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:04 pm

BTCUSD

ETHUSD

South Korean digital asset platform Delio has temporarily halted customer deposits and withdrawals, citing the need to protect client assets amidst market turbulence and investor uncertainty. Delio manages approximately $1.1 billion in Bitcoin and $206 million in Ethereum. This follows a similar move by Haru Invest, which also suspended deposits and withdrawals.

Portfolio Pulse from Murtuza Merchant

June 14, 2023 | 7:00 pm

CCHWF

CRLBF

Robert De Niro will introduce rapper French Montana's documentary, 'For Khadija,' at the Tribeca Film Festival. The film is executive produced by Aubrey 'Drake' Graham and Sean 'Diddy' Combs, who recently signed an agreement to acquire cannabis assets from Cresco Labs (CRLBF) and Columbia Care (CCHWF).

Portfolio Pulse from Maureen Meehan

June 14, 2023 | 6:38 pm

BRK-A

BRK-B

SPY

An investment in Berkshire Hathaway (BRK-A, BRK-B) since Warren Buffett became the world's richest person in 2008 has outperformed the broader market. A $1,000 investment in Berkshire Hathaway A shares on March 6, 2008, would be worth $3,751.20 today, a gain of 275.1% over the last 15 years, compared to a 229.3% return for the SPDR S&P 500 Global ETF (SPY).

Portfolio Pulse from Chris Katje

June 14, 2023 | 6:36 pm