Streetbeat News

Assets

ARKB

ETHA

ETHE

ETHW

GBTC

IBIT

Bitcoin and Ethereum ETFs show mixed flows with Bitcoin ETFs seeing significant inflows, while Ethereum ETFs experience outflows. Despite this, both cryptocurrencies are down. Tron stands out with a 12.5% gain due to developments in its ecosystem. Solana's ETF prospects in the US remain uncertain.

Portfolio Pulse from Murtuza Merchant

August 21, 2024 | 11:27 am

CMMB

Chemomab has announced that its liquidity resources of $12.8 million as of June 30, 2024, combined with an additional $10 million raised in July 2024, will support its operations until early 2026.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:09 am

EPD

Enterprise Products Partners L.P. is set to acquire Piñon Midstream for $950 million in cash. This acquisition is expected to enhance Enterprise's midstream capabilities and expand its asset base.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:05 am

CTO

CTO Realty Growth has completed the acquisition of three open-air shopping centers for $137.5 million. This strategic move is expected to enhance their portfolio and potentially increase revenue streams.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 10:47 am

JD

WMT

Walmart plans to sell its stake in JD.com, causing JD.com's shares to drop over 7% in pre-market trading. Walmart aims to raise $3.74 billion from the sale, focusing on its own operations in China. Despite the sale, Walmart remains committed to a commercial relationship with JD.com.

Portfolio Pulse from Benzinga Neuro

August 21, 2024 | 9:44 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a dip as Mt. Gox transferred $784 million in Bitcoin. The move is part of Mt. Gox's liquidation process to pay creditors. The cryptocurrency market saw a contraction, and the Cryptocurrency Fear & Greed Index indicated increased fear. Analysts have mixed views on the dip, with some seeing it as a potential setup for future gains.

Portfolio Pulse from Aniket Verma

August 21, 2024 | 2:33 am

AADI

Aadi Bioscience is planning to adjust its ongoing Phase 2 trials and significantly reduce its R&D headcount by 80%. This strategic move is aimed at extending the company's cash runway into at least the second half of 2026.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 9:04 pm

USO

The American Petroleum Institute (API) reported a weekly crude oil stock build of 347,000 barrels, contrary to the expected draw of 2.8 million barrels. This unexpected increase in crude oil inventory could impact oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:48 pm

EMB

LEMB

Emerging market bonds have surged to over a two-year high, driven by expectations of a Federal Reserve interest rate cut and a weaker U.S. dollar. The iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and the iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) have seen significant gains. The U.S. dollar's depreciation, particularly against Asian and Latin American currencies, has also contributed to this trend.

Portfolio Pulse from Piero Cingari

August 20, 2024 | 8:15 pm

GLPG

FMR LLC has notified Galapagos of holding 5.61% of its voting rights, maintaining a position above the 5% threshold. This includes 3,693,550 ordinary shares and 3,200 financial instruments. Changes in holdings were noted among FMR's controlled entities.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:05 pm