Streetbeat News

Assets

SPY

USO

The latest report on USA crude oil inventories shows a draw of 4.649 million barrels, significantly higher than the estimated draw of 2.000 million barrels and contrasting with the previous build of 1.357 million barrels.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:30 pm

SPY

USO

The EIA reported a significant draw in distillate stocks of 4.649 million barrels, contrary to the expected build of 0.040 million barrels. This is a larger draw compared to the previous week's draw of 1.673 million barrels.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 2:30 pm

JD

TGT

WMT

Walmart shares are trading higher following Target's strong Q2 results, which exceeded expectations and led to an increased profit outlook. Walmart is also divesting its stake in JD.com to focus on its operations in China, aiming to raise $3.74 billion.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 2:08 pm

TGT

TJX

WMT

Target and TJX Companies saw their stock prices rise due to strong financial results. Walmart plans to sell its stake in JD.com. The Federal Reserve's minutes are set to be released at 1:00 p.m. ET.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:50 pm

F

Ford is shifting its strategy for future three-row SUVs from all-electric to hybrid technologies, resulting in a $400 million non-cash charge and potential additional expenses of up to $1.5 billion. These will be reported as special items in the relevant quarters.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:38 pm

BEN

Western Asset Management, a subsidiary of Franklin Resources, has appointed Michael Buchanan as the new Chief Investment Officer, succeeding Ken Leech who is on leave. Buchanan will lead all global investment management responsibilities.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:13 pm

ETHUSD

A cryptocurrency whale made a nine-figure profit by executing a 'buy low, sell high' strategy with Ethereum. The whale sold 55,000 ETH at an average price of $3,199, after buying 96,639 ETH during a bear market at $1,567 per ETH. Despite recent volatility, 66% of Ethereum holders remain in profit.

Portfolio Pulse from Khyathi Dalal

August 21, 2024 | 12:21 pm

BTCUSD

Mt. Gox has transferred $709 million in Bitcoin, indicating potential nearing of creditor payouts. The defunct exchange moved 12,000 BTC to an unidentified wallet and 1,264.69 BTC to a cold wallet. This follows previous large transfers, suggesting creditor repayments may be imminent.

Portfolio Pulse from Murtuza Merchant

August 21, 2024 | 12:19 pm

M

Macy's has increased its store closure plans for this year from 50 to 55. The company will focus on accretive deals, supported by a strong balance sheet and no major debt maturities until 2027.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:18 pm

EB

Eventbrite has entered into privately negotiated repurchase transactions with certain holders of its 5.00% Convertible Senior Notes due 2025.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:39 am