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MU

Micron Technology has signed a preliminary memorandum with the Biden-Harris Administration for $6.1B in funding under the CHIPS and Science Act. This funding will support Micron's $50B investment in U.S. memory manufacturing in Idaho and New York through 2030, including the construction of three leading-edge memory fabs.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:36 am

CVX

Chevron's 50% owned affiliate Tengizchevroil has started operations at its Wellhead Pressure Management Project in the Tengiz oil field, Kazakhstan. This marks the final phase of the expansion project, set to conclude in the first half of 2025, and will increase Tengiz crude oil production by 12 million tons per year (260,000 barrels a day).

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:33 am

AAUKF

AVDE

BHP

PTIN

BHP Group Ltd (NYSE:BHP) has proposed to acquire Anglo American Plc (OTC:AAUKF) (OTC:NGLOY) in a significant industry move. The deal, valued at $34 billion, is contingent on Anglo divesting its South African units. This merger could create the world's leading copper producer. BHP's stock gained over 3% in the last 12 months, with exposure through PTIN and AVDE ETFs. However, BHP shares dropped 3.12% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 9:30 am

BTCUSD

DOGEUSD

SHIBUSD

The Shiba Inu (SHIB) token burn rate has dropped by 39.90% over the past week, coinciding with a 15% increase in SHIB's price. A significant transaction saw a whale acquiring 237 billion SHIB tokens, indicating strong market confidence. Despite a recent 7.90% price decline, SHIB has surged 148% year-to-date. Dogecoin (DOGE) and Bitcoin (BTC) also experienced price movements, with DOGE down 6.66% and BTC slightly down by 0.05% in the last 24 hours.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 9:03 am

AMZN

Jeff Bezos, founder of Amazon and Blue Origin, shared his unconventional approach to productivity on the Lex Fridman Podcast, emphasizing the importance of allowing his mind to wander during meetings to foster creativity and problem-solving. He believes in 'messy meetings' without strict schedules to enhance productivity, creativity, and happiness. This approach aligns with his innovative thinking and risk-taking, demonstrated by his financial success and strategic investments in 2023, including a significant increase in net worth and strategic stock sales.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 6:40 am

VFS

Vietnamese billionaire Pham Nhat Vuong plans to invest an additional $1 billion into VinFast Auto Ltd (VFS), a Nasdaq-listed electric vehicle manufacturer he controls. Despite VinFast's stock price dropping from $10 to $2.5 since its listing in August and the company facing significant sales challenges and financial losses, Vuong remains optimistic about the EV market's future. VinFast has accumulated losses of $5.7 billion over the past three years, contributing to a 38% drop in Vingroup's share price since the U.S. listing. Vuong's investment reflects his confidence in VinFast's long-term prospects.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 6:37 am

BTCUSD

Billionaire investor Howard Marks, co-founder of Oaktree Capital Management, warned against overconfidence in AI stocks, comparing the current investment trend to the dot-com bubble of the late '90s. Despite acknowledging AI's potential, Marks highlighted the risk of market crashes and the challenge in valuing AI within investment portfolios. His cautionary stance aligns with his skepticism towards market trends, including Bitcoin and gold, favoring high-yield bonds instead.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 5:24 am

BTCUSD

Peter Schiff, a well-known economist and cryptocurrency skeptic, issued a warning to Bitcoin holders about a potential significant drop if Bitcoin fails to maintain the $60K support level. Schiff's warning comes amidst Bitcoin's recent consolidation and its over 47% increase since the beginning of the year. He emphasized the importance of the $60K level for Bitcoin's bullish outlook and criticized the cryptocurrency for its volatility and questioned its status as a safe haven asset.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 3:16 am

BTCUSD

ETHUSD

Crypto analyst Michaël van de Poppe expressed skepticism about the approval of an Ethereum ETF, citing low chances despite acknowledging the strength of the Ethereum ecosystem. The SEC's scrutiny and a prediction market's low expectation for approval contrast with the optimism surrounding digital assets' future. Meanwhile, Bitcoin's recent ETF approval and the projected success of cryptocurrency ETFs in Hong Kong highlight the growing interest in digital assets, despite some pessimism towards Ethereum's future.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 2:00 am

MTN

Vail Resorts has announced the pricing of $600 million in aggregate principal amount of 6.500% senior notes due 2032, priced at par. This financial move could impact the company's leverage and interest expenses, influencing its financial health and potentially its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:36 pm