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BBJP

DXJ

EWJ

The au Jibun Bank Japan Services Purchasing Managers' Index (PMI) for Japan showed a preliminary reading of 54.6, an increase from the prior 54.1, indicating a stronger expansion in the services sector.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:18 am

BTCUSD

ETHUSD

Cryptocurrency analyst Michael van de Poppe predicts a market upswing following the conclusion of the Bitcoin halving, noting a decline in Bitcoin dominance and the start of market rotation. The halving event is expected to impact Bitcoin miners significantly by nearly doubling production costs. Bitcoin and Ethereum have shown increases in their trading prices over the last seven days.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 1:43 am

SAIA

Saia LTL Freight, a subsidiary of Saia Inc., announced plans to expand its network by opening two new terminals, one near Trenton, New Jersey, and another in St. George, Utah. This expansion aims to enhance the company's service capabilities and reach in these regions.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 10:00 pm

OSG

Overseas Shipholding Group (OSG) has received a $3M grant from the US Department of Energy for the engineering and design of a new vessel intended to transport liquified carbon dioxide. This initiative marks a significant step towards environmentally sustainable shipping solutions.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:41 pm

MTAL

Metals Acquisition Limited (NYSE:MTAL) announced significant updates to its Resource and Reserve Statement and 3-year production guidance for the CSA Copper Mine, showing substantial increases in mine life and contained copper. The updates include a 67% increase in mine life to 11 years, a 64% increase in contained copper to 0.5Mt, and an 83% increase in Measured and Indicated Resources. The company also provided production guidance for 2024-2026, indicating a steady increase in copper production. These improvements come after only ten months of ownership and are based on data from two and a half months post-acquisition.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:05 pm

ABAT

AMSYF

FQVLF

GOLD

GROY

American Battery Technology (ABAT) has initiated its lithium hydroxide pilot plant in Reno, Nevada, to produce battery-grade lithium hydroxide from unconventional sources, supported by a $4.5 million U.S. Department of Energy grant. ArcelorMittal Calvert (AMSYF) plans to construct a facility in Alabama for producing non-grain-oriented electrical steel, backed by $280.5 million in investment tax credits. Gold Royalty (GROY) reported a significant increase in revenue and gold equivalent ounces for Q1, projecting higher revenues for 2024. Saudi Arabia's Manara Minerals (FQVLF) is nearing a deal to acquire a minority stake in Pakistan's Reko Diq mine, a project 50% owned by Barrick Gold (GOLD).

Portfolio Pulse from austin@walkonholdings.com

April 22, 2024 | 9:01 pm

PEPEUSD

Pepe (CRYPTO: PEPE) has seen a 17% increase in value over the past 24 hours, with traders noting a 'very bullish' technical setup. The surge is attributed to increased whale transactions and technical indicators like Fibonacci extensions. Pepe's valuation has reached $2.86 billion, closely competing with Dogwifhat (CRYPTO: WIF). Trading volume for Pepe has significantly surpassed that of WIF and Shiba Inu, with a notable increase in transactions over $100,000 and new holders. The upcoming Benzinga event will further discuss the impact of meme coins and Bitcoin.

Portfolio Pulse from Khyathi Dalal

April 22, 2024 | 8:41 pm

EOG

EOG Resources (NYSE:EOG) has delivered an average annual return of 12.71% over the past 20 years, turning a $1000 investment into $10,688.49 today. With a current market capitalization of $77.36 billion, EOG's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 8:31 pm

SSD

Simpson Manufacturing has reaffirmed its FY24 operating margin forecast of 20.0%-21.5% and reduced its capital expenditure estimate from $200 million to $185 million. The company anticipates low single-digit growth in U.S. housing starts, but expects European housing starts to be below the prior year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:30 pm

VERX

Vertex, Inc. has announced a proposed private offering of $250 million of convertible senior notes. This financial move could indicate the company's strategy to raise capital, potentially for expansion, debt refinancing, or other corporate purposes. Investors and market watchers will be keen to understand how this offering might affect Vertex's financial health and stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:19 pm