Streetbeat News

Assets

SVRE

SaverOne 2024 shares rose following the release of their H1 financial results and the announcement of an asset purchase agreement for Micronet Generation-3 camera products and intellectual property.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 11:24 am

FL

Foot Locker opened 5 new stores and closed 31 stores in Q2, indicating a strategic shift in its retail operations.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 10:54 am

IYE

XLE

XOM

Exxon Mobil plans to sell $1 billion worth of conventional oil assets in the Permian Basin to focus on shale production after acquiring Pioneer Natural Resources. The company aims to produce 4.3 million barrels of oil and gas daily this year. Investors can gain exposure to Exxon Mobil through ETFs like XLE and IYE.

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 10:43 am

FBTC

GBTC

IBIT

MSTR

A report by New World Wealth and Henley & Partners highlights a significant increase in cryptocurrency wealth, with Bitcoin leading the surge. The number of Bitcoin millionaires rose by 111% over the past year. The introduction of crypto ETFs like Fidelity Wise Origin Bitcoin Fund, iShares Bitcoin Trust ETF, and Grayscale Bitcoin Trust ETF has driven institutional capital influx. MicroStrategy's co-founder, Michael Saylor, remains a strong Bitcoin advocate.

Portfolio Pulse from Benzinga Neuro

August 28, 2024 | 9:09 am

ARBK

Argo Blockchain reported H1 2024 revenue of $29.3M, an 18% increase YoY, despite a 46% decrease in Bitcoin mined. The net loss widened to $32.7M from $18.6M YoY. The company raised funds through share issuance and reduced its Galaxy loan significantly. It also recorded a $22M impairment on mining machines.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 6:20 am

SERV

Serve Robotics has announced a private placement and warrant exercise agreement with an institutional investor, raising $20 million. The deal involves pre-funded warrants and common stock warrants, with the latter exercisable at $10 per share.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 5:48 am

MARA

MSTR

TSLA

Bitcoin's sharp decline has led to significant paper losses for major corporate holders like MicroStrategy, Marathon Digital, and Tesla. These companies experienced substantial decreases in the market value of their Bitcoin holdings, impacting their stock prices negatively.

Portfolio Pulse from Aniket Verma

August 28, 2024 | 5:47 am

NVDA

The cryptocurrency market experienced a significant downturn, with Bitcoin, Ethereum, and Dogecoin all seeing substantial declines. Over $207 million was liquidated in a short period, with Bitcoin's open interest dropping significantly. In contrast, the stock market, including Nvidia, saw gains.

Portfolio Pulse from Aniket Verma

August 28, 2024 | 1:41 am

NATR

Nature's Sunshine experienced an equipment malfunction at its Utah facility, causing a small fire. The facility was evacuated, and two individuals were treated and released. A portion of the facility will be temporarily closed for repairs.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 9:17 pm

NSC

Charlotte City Council is considering a $91 million investment in the Red Line commuter train, which includes a $74 million plan to purchase 22 miles of railroad tracks from Norfolk Southern and an additional $17 million for land in Uptown Charlotte for a proposed Gateway Station.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 9:15 pm