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Assets

BFI

OMEX

BurgerFi International Inc. (NASDAQ: BFI) announces Christopher Jones as the new CFO, effective July 10, 2023. Jones will replace current CFO Mike Rabinovitch, who will transition to Lionheart Capital as a Senior Advisor. Jones currently serves as CFO of Odyssey Marine Exploration (NASDAQ: OMEX).

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:10 pm

SPIKE

UVXY

The Volatility S&P 500 Index (VIX) surged over 8% on Monday ahead of the Federal Reserve's interest rate decision on June 14. The move is tracked by the ProShares Ultra VIX Short Term Futures ETF (UVXY) and other tickers. Traders can use MIAX's SPIKES Volatility products to play potential volatility in the stock market.

Portfolio Pulse from Melanie Schaffer

June 13, 2023 | 12:58 pm

GLD

SPY

UUP

May's inflation rate dipped to 4% YoY, lower than the expected 4.1%, raising hopes for a pause in Fed rate hikes. The dollar fell, while S&P 500 futures and gold prices rose following the news.

Portfolio Pulse from Piero Cingari

June 13, 2023 | 12:50 pm

OMEX

Odyssey Marine Exploration announced the departure of its CFO Christopher Jones, effective July 7. Jones will continue in an advisory role, while the company searches for an interim and permanent CFO. Odyssey expects to reduce administrative expenses during this period.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:33 pm

BEP

DUK

Duke Energy Corporation (DUK) has agreed to sell its Commercial Renewables business to Brookfield Renewable Partners L.P. (BEP) for $2.8 billion. The deal includes over 3,400 MW of utility-scale solar, wind, and battery storage across the US. Duke Energy will focus on its regulated businesses and plans to incorporate over 30,000 MW of regulated renewable energy by 2035.

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2023 | 12:24 pm

FXI

China's central bank has cut the overnight rate by 10 basis points to 2.75%, according to Reuters. This move may impact the iShares China Large-Cap ETF (FXI).

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:19 pm

MEIP

MEI Pharma announces the planned departure of CFO Brian Drazba by September 1, 2023, and the appointment of Justin File as his successor. File has 30 years of experience in accounting and finance, and previously served as CFO of Evofem Biosciences.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 12:09 pm

USO

OPEC's oil output fell by 464,000 bpd in May to 28.06 million bpd as voluntary production cuts took effect, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:23 am

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