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SPY

The Federal Reserve's projections imply two more 25-basis-point rate hikes this year and 100 basis points of rate cuts in 2024. This may affect the performance of the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 6:02 pm

SPY

The Federal Reserve's median forecast for GDP growth in 2022 has risen to 5.6%, according to CNBC. This increase may impact the overall market and ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 6:01 pm

ETHUSD

A total of 3,589.39 Ether (ETH) worth $6.24 million was burned from Ethereum transactions on Tuesday. This follows the implementation of the EIP-1159 upgrade on August 5th, 2021, which changed the fee model and introduced a variable base fee that is burned, lowering the supply of Ether.

Portfolio Pulse from Benzinga Insights

June 14, 2023 | 6:00 pm

AAVEUSD

DAIUSD

ETHUSD

A trading bot recently performed a complex series of transactions on the Ethereum blockchain, involving a $200 million flash loan in DAI from MakerDAO. The bot deposited funds on Aave, borrowed $2,300 in Wrapped Ether (WETH), and completed an arbitrage cycle, resulting in a net profit of only $3.24.

Portfolio Pulse from Murtuza Merchant

June 14, 2023 | 5:12 pm

VYGVQ

Bankrupt crypto broker Voyager Digital (OTC:VYGVQ) will initiate the return of funds to creditors next week, according to liquidation procedures filed with the U.S. Bankruptcy Court. The Voyager app will be updated on June 15, allowing creditors to access and view initial distribution amounts. The app will reopen between June 20, 2023, and July 5, 2023, for a 30-day period to facilitate cryptocurrency withdrawals.

Portfolio Pulse from Murtuza Merchant

June 14, 2023 | 4:57 pm

CUEN

CUENW

Cuentas, Inc. (NASDAQ:CUEN) (NASDAQ:CUENW) announces plans to accelerate its Cuentas Casa sustainable community development initiatives with two new land purchase agreements in Florida, totaling 55+ acres and 670+ apartments. The company aims to leverage its cost-efficient, alternative building technologies to grow more aggressively in the challenging market.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:42 pm

E

Italy's Eni is in advanced talks with investors to sell a minority stake of 5% to 15% in its renewable and retail unit, Plenitude, in a private deal. Plenitude could be valued at over €6 billion in the potential sale.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:39 pm

SPY

Acting Labor Secretary is still involved in the ongoing labor talks at U.S. West Coast ports, which may impact the overall market and ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 3:37 pm

SQQQ

ProShares UltraPro Short QQQ ETF (SQQQ) hit a new 52-week low, trading lower by 7.2% week-to-date. The decline is attributed to a slump in the Producer Price Index (PPI) and strength in large-cap semiconductor stocks and AI optimism driving the Nasdaq-100 higher.

Portfolio Pulse from Henry Khederian

June 14, 2023 | 3:15 pm

SPY

USO

Iraq's Deputy Minister announced that the country expects to hold talks on the Ceyhan pipeline on June 19. This may affect the SPY and USO ETFs.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 2:50 pm