Streetbeat News

Assets

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) has acquired Block Mining, Inc. for $92.5 million, adding 60 MW of operational capacity with potential expansion to 110 MW this year and over 300 MW in Kentucky. The acquisition immediately increases Riot's hash rate and expands its geographic footprint.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:46 pm

USO

The American Petroleum Institute (API) reported a significant draw of 3.9 million barrels in crude oil stock, contrary to the expected build of 700,000 barrels. This unexpected draw could impact oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:43 pm

RRC

Range Resources Corporation (RRC) has announced its expected all-in capital budget for 2024, which is projected to be between $620 million and $670 million. The company is targeting a maintenance production program for the year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:26 pm

CNI

Canadian National Railway (CNI) projects FY24 adjusted EPS growth in the mid-to-high single-digit range and plans to invest approximately C$3.5 billion in its capital program.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:15 pm

NBR

Nabors Industries Ltd. (NBR) projects its Q3 2024 capital expenditures to be between $190 million and $200 million, with $80 million to $85 million allocated for newbuilds in Saudi Arabia.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:14 pm

ICPUSD

Internet Computer (ICP) has seen a 7.27% decrease in price over the past 24 hours, continuing a downward trend. Trading volume has fallen by 47% over the past week, while circulating supply has increased by 0.47%. The current market cap ranking for ICP is #27 at $4.50 billion.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 7:03 pm

BCHUSD

Bitcoin Cash (BCH) has experienced a significant price drop of 7.27% in the past 24 hours, continuing its downward trend over the past week. The trading volume has also decreased by 22.0%, and the circulating supply has slightly decreased by 0.15%.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 7:01 pm

AMC

DIS

AMC Entertainment Holdings Inc (NYSE:AMC) has reached an agreement with creditors to restructure its debt, extending maturities from 2026 to 2029. CEO Adam Aron highlighted the importance of this move for the company's future, especially with a strong lineup of upcoming blockbuster films. The refinancing aims to position AMC favorably for a box office recovery, with expected strong year-over-year growth in the coming years.

Portfolio Pulse from Adam Eckert

July 23, 2024 | 6:13 pm

BTCUSD

Crypto trader Emperor predicts Bitcoin will accumulate below $70K until September, with key levels to watch at $66K and $67K. Increased large transaction volumes and active addresses indicate market strength.

Portfolio Pulse from Khyathi Dalal

July 23, 2024 | 5:54 pm

VALE

Vale (NYSE:VALE) is investing $149 million in a new open-pit mine at the historic Stobie mine site in Sudbury, Ontario. The project aims to produce 1.5 million tons of nickel and copper by 2025, with initial production set at 300,000 tons this year. The project emphasizes sustainable and inclusive growth, involving local contractors and the United Steelworkers Union.

Portfolio Pulse from Stjepan Kalinic

July 23, 2024 | 3:17 pm