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BTCUSD

Dennis Porter, CEO of Satoshi Act Fund, suggests integrating Bitcoin into the U.S. Exchange Stabilization Fund (ESF) as a strategic reserve asset. This could stabilize the dollar and provide liquidity during financial crises. Porter also proposes an executive order to transfer confiscated Bitcoin to the ESF.

Portfolio Pulse from Murtuza Merchant

July 19, 2024 | 7:08 pm

BLK

ETHUSD

USDCUSD

BlackRock's tokenized fund BUIDL has reached $500 million in assets under management within three months. The fund, issued on the Ethereum blockchain, allows Web3 institutions to access real-world returns. Key collaborations with Securitize, Circle, and Ondo Finance have been instrumental in this success. Despite regulatory challenges, the growth of BUIDL indicates strong institutional interest in tokenized financial products.

Portfolio Pulse from Murtuza Merchant

July 19, 2024 | 4:05 pm

BX

Blackstone is considering selling its stake in HH Global, which could value the company at £2 billion to £2.5 billion, according to Bloomberg News.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 3:25 pm

GE

GE Aerospace (NYSE:GE) is investing over $1 billion in the next five years to expand its global Maintenance, Repair, and Overhaul (MRO) and component repair facilities. This investment aims to meet the increasing demand for aircraft engines, particularly the CFM LEAP engines. A significant portion of the funding will go towards constructing a new Services Technology Acceleration Center (STAC) near Cincinnati, Ohio, set to open in September 2024. GE shares are trading higher by 0.80% at $160.10.

Portfolio Pulse from Shivani Kumaresan

July 19, 2024 | 2:26 pm

OXY

Occidental Petroleum has filed for a 5-part senior notes offering, with the size not disclosed. The notes will be issued in denominations of $2,000 and integral multiples of $1,000 in excess thereof.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:27 pm

IYE

XLE

XOM

Exxon Mobil Corp. (NYSE:XOM) shares are trading lower in premarket after finalizing a deal to sell its Malaysian oil and gas assets to Petronas. This move is part of Exxon's strategic shift towards focusing on more lucrative operations in the Americas. Despite the sale, Exxon remains a major energy producer in Malaysia. The company will report its second-quarter FY24 results on Aug. 2, 2024. Investors can gain exposure to Exxon via Energy Select Sector SPDR Fund (NYSE:XLE) and iShares U.S. Energy ETF (NYSE:IYE).

Portfolio Pulse from Shivani Kumaresan

July 19, 2024 | 1:23 pm

GLD

SLV

Gold and silver are trading lower due to a pullback following recent strength, as Treasury yields rise.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:18 pm

HAL

Halliburton expects its capital expenditures to be about 6% of its revenue for the full year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:50 pm

BTCUSD

WIF

Crypto trader CrediBULL Crypto warns of potential downside risks for Bitcoin (BTC) and altcoins, specifically mentioning Dogwifhat (WIF). He highlights that if Bitcoin drops 15%, WIF could crater by 40%. This serves as a cautionary note for investors about the volatility and risk in cryptocurrency investments.

Portfolio Pulse from Khyathi Dalal

July 19, 2024 | 12:37 pm

GE

GE Aerospace plans to invest over $1 billion in its Maintenance, Repair, and Overhaul (MRO) and component repair facilities worldwide over the next five years. This investment aims to increase capacity, efficiency, and technology to meet growing air travel demand.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:59 am