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Assets

APRN

Blue Apron's stock is surging after closing the FreshRealm transaction valued at up to $50 million. The company sold its operational infrastructure to FreshRealm, receiving $25 million upfront and becoming debt-free. Blue Apron plans to streamline its business, cut headcount, and reduce administrative expenses.

Portfolio Pulse from Lekha Gupta

June 09, 2023 | 5:51 pm

UNG

USO

Baker Hughes reports a net decrease in the U.S. rig count, with oil rigs increasing by 1 to 556 and gas rigs decreasing by 2 to 135.

Portfolio Pulse from Charles Gross

June 09, 2023 | 5:03 pm

SHEL

Shell reportedly plans to maintain or slightly increase oil output into 2030, scrapping its target of reducing oil output by 1% to 2% per year. This comes as the company struggles with low renewables return while oil and gas revenues soar. Shell has canceled many projects, including offshore wind, hydrogen, and biofuels, and is abandoning its European power retail companies.

Portfolio Pulse from Akanksha Bakshi

June 09, 2023 | 4:09 pm

CRKN

Crown Electronic has received a Notice of Allowance for its U.S. patent titled 'TWO PARTICLE ELECTROPHORETIC LAMINATE FOR USE WITH SMART WINDOWS WITH REDUCED DIFFRACTION'. This patent will strengthen the company's intellectual property portfolio in the smart window technology sector.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 4:03 pm

SPY

WEAT

The USDA's WASDE report estimates the 2023/2024 U.S. wheat crop at 1.665 billion bushels, potentially affecting the prices of related ETFs such as SPY and WEAT.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 4:01 pm

DISH

DISH Network shares are trading higher after a New York Post report suggested the company is desperate to sell assets and facing insider speculation of possible bankruptcy.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 3:41 pm

MRNA

RSP

SPY

The S&P 500 index entered a bull market on June 8, with the SPDR S&P 500 ETF Trust (SPY) surging over 20% since October 2022. However, the S&P 493 index remains nearly unchanged in 2023, as seven dominant stocks, including Apple, Microsoft, Alphabet, Amazon, Meta Platforms, NVIDIA, and Tesla, outperform the rest of the market.

Portfolio Pulse from Piero Cingari

June 09, 2023 | 3:29 pm

APA

APA Corp has confirmed the suspension of all platform drilling in the North Sea due to safety concerns.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 3:11 pm

SPY

VGK

The U.S. Pentagon has announced a new $2 billion air defense package for Ukraine, aimed at bolstering the country's defense capabilities.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 2:39 pm

SPY

USO

Saudi Crown Prince Mohammed bin Salman privately threatened to sever ties and retaliate economically against the US after President Biden vowed to impose consequences on Saudi Arabia for slashing oil production last year. The US has not imposed consequences on Saudi Arabia, and the two countries continue to engage in high-level meetings.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 2:17 pm