Streetbeat News

Assets

USO

OPEC forecasts world oil demand to increase by 2.35 million BPD in 2023, with China's oil demand rising by 840,000 BPD, up from the previous forecast of 800,000 BPD. The 2023 world economic growth forecast remains at 2.6%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:22 am

ALKS

Sarissa Capital Management is urging Alkermes (ALKS) shareholders to vote for its nominees to the company's board, aiming to improve corporate governance and enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:22 am

AHI

Advanced Health Intelligence Ltd (AHI) has agreed to issue 20,000,000 shares to Orca Capital GMBH, raising $5,000,000 at 25 cents a share. The proceeds will be used for product development, marketing, and general corporate purposes.

Portfolio Pulse from Charles Gross

June 13, 2023 | 11:08 am

ALLY

C

Cannabis-infused beverage brand Uncle Arnie's has raised strategic investments from Samuel Adams founders Harry Rubin and Lorenzo Lamadrid, former Ally Financial CEO Michael Carpenter, and VC investor Nick Carpenter. The company plans to use the funds to expand into additional states and achieve profitability in 2023.

Portfolio Pulse from Nina Zdinjak

June 13, 2023 | 11:00 am

ARKQ

ARKW

NVDA

TSM

Ark Invest, led by Cathie Wood, has made a semiconductor pair trade, buying 98,170 shares of Taiwan Semiconductor Manufacturing Company (TSM) valued at $10.51 million through its ARKQ ETF, while selling 20,111 shares of Nvidia (NVDA) for approximately $7.94 million through its ARKQ and ARKW ETFs.

Portfolio Pulse from Shanthi Rexaline

June 13, 2023 | 11:00 am

HSBC

RY

HSBC Holdings PLC (NYSE:HSBC) announced its decision to exit its wealth and personal banking business in New Zealand, winding down the business over several years. The bank will continue to operate its Wholesale Banking and Markets & Securities Services businesses in the country. This move aligns with HSBC's strategy to exit less profitable businesses globally and focus on expansion opportunities in Asian markets.

Portfolio Pulse from Lekha Gupta

June 13, 2023 | 10:50 am

ACN

Accenture Global Solutions has been granted U.S. Patent #11676365 for its explainable AI-based image analytic, automatic damage detection, and estimation system.

Portfolio Pulse from Charles Gross

June 13, 2023 | 10:48 am

BTCUSD

ETHUSD

MSTR

Data intelligence firm MicroStrategy (NASDAQ:MSTR) could have been more profitable if it had invested in Ethereum (CRYPTO: ETH) instead of Bitcoin (CRYPTO: BTC), according to data from blockchaincenter.net. If MicroStrategy had invested in ETH, its portfolio would be valued at $6.461 billion, yielding a 54% increase against BTC, compared to a 14% loss from its BTC investment.

Portfolio Pulse from Mehab Qureshi

June 13, 2023 | 10:16 am

SPY

VGK

The U.S. is expected to approve the supply of depleted-uranium tank rounds to Ukraine, according to the Wall Street Journal. This move could potentially impact the SPY and VGK ETFs.

Portfolio Pulse from Charles Gross

June 13, 2023 | 9:51 am

SHIBUSD

A mysterious whale has accumulated 1.5 trillion Shiba Inu (CRYPTO: SHIB) tokens worth $10 million from Binance and Coinbase, making them the largest holder of SHIB, excluding exchanges. This comes amid the SEC's legal battle against crypto exchanges and a 21.4% decline in SHIB's value over the past week.

Portfolio Pulse from Mehab Qureshi

June 13, 2023 | 6:56 am