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CORZ

Core Scientific, Inc. (CORZ) announced its March 2024 production and operations updates, highlighting significant achievements in bitcoin mining and infrastructure expansion. The company reported earning 906 self-mined bitcoins and facilitating an additional 309 bitcoins mined by customers in March. For Q1 2024, Core Scientific mined a total of 2,825 bitcoins and customers mined 970 bitcoins. The company deployed its first shipment of approximately 2,500 S21 miners, expanded its operational infrastructure to 745 megawatts, and operated around 224,000 bitcoin miners with a total hash rate of 25.6 exahash as of March 31, 2024. Additionally, Core Scientific delivered 16 megawatts of infrastructure for a high-performance computing client ahead of schedule, aiming to achieve a hash rate of 21.8 exahash by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:11 pm

BTCUSD

ETHUSD

The Bitcoin-Ether ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin over Ether. This surge could signal caution in the crypto market, with potential implications for broader financial markets. Bitcoin's recent price drop and the cooling demand for ETFs, along with mixed signals from analysts and market indicators, suggest a complex outlook for cryptocurrencies.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 1:04 pm

BIDU

GOOG

GOOGL

INTC

LPSN

MET

MSFT

NVDA

ORCL

QCOM

Saudi Arabia is advancing its position in the artificial intelligence (AI) sector by establishing a megafund and making direct investments in AI companies. This strategic move aims to diversify the kingdom's economy and enhance its technological capabilities. The initiative could potentially involve partnerships or investments in major US-listed companies known for their AI advancements, such as Baidu (BIDU), Alphabet (GOOG, GOOGL), Intel (INTC), LivePerson (LPSN), MetLife (MET), Microsoft (MSFT), NVIDIA (NVDA), Oracle (ORCL), and Qualcomm (QCOM).

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:04 pm

FEEM

Northern Trust's FlexShares Exchange Traded Funds announced the liquidation of the FlexShares ESG & Climate Emerging Markets Core Index Fund (FEEM), set to occur around April 19, 2024. The fund will stop accepting orders for creation units on this date, and its final trading day on the NYSE Arca will be April 23, 2024. Shareholders must sell their shares by this date or receive cash equal to their shares' net asset value on the closing date, expected to be distributed by April 30, 2024. This event may be considered a taxable event for shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:03 pm

ACGL

Arch Insurance North America, part of Arch Capital Group Ltd. (NASDAQ:ACGL), is set to acquire Allianz's U.S. MidCorp and Entertainment insurance businesses for $450M. The deal includes a $1.4B capital requirement for Arch and involves the transfer of approximately 500 employees. This acquisition aims to expand Arch's presence in the U.S. middle market and enhance its specialty insurance portfolio. The transaction, expected to close in the second half of 2024, is subject to regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:01 pm

BRETT

SHIBUSD

A cryptocurrency trader, Crash, turned a $15K investment in meme coin Brett (BRETT) into $5.4M, aiming for $50M. Brett, described as this bull run's SHIB, saw its market cap soar from $1.6M to over $600M. Despite criticism, Crash remains confident, predicting BRETT could reach $1-$8. The growth of meme coins like BRETT, and their impact on the crypto market, continues to draw attention.

Portfolio Pulse from Ivan Crnogatić

April 05, 2024 | 1:01 pm

ALIUSD

ETHUSD

MATICUSD

OPUSD

RAREUSD

Mark Cuban's crypto portfolio, heavily invested in AI and NFTs, reflects his belief that AI will mint the world's first trillionaire. His top holdings include Artificial Liquid Intelligence (ALI), SuperRare (RARE), Optimism (OP), Polygon (MATIC), and a modest amount in Ethereum (ETH), with notable gains in Catcoin and SuperRare.

Portfolio Pulse from Khyathi Dalal

April 05, 2024 | 12:57 pm

SPY

The U.S. Transportation Department has announced that the Biden-Harris administration has approved grant funding aimed at expediting capacity expansion for the Port of Baltimore Terminal Operator. This move is part of broader efforts to enhance infrastructure and support economic growth.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:41 pm

GBX

The Greenbrier Companies updates its fiscal 2024 guidance, projecting revenues of $3.5B-$3.7B, which aligns closely with the $3.52B estimate. The company anticipates delivering 23,500 – 25,000 units, including about 1,400 units in Brazil. Capital expenditures are expected to be around $140 million in Manufacturing and $15 million in Maintenance Services. Gross leasing investment is estimated at $350 million in Leasing & Management Services. Proceeds from equipment sales are forecasted to be approximately $75 million.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:34 pm

TARA

Protara Therapeutics, Inc. (NASDAQ:TARA) announced an oversubscribed $45M private placement financing to fund its operations into 2026. The financing includes the sale of common stock and pre-funded warrants, with RA Capital Management and Acorn Bioventures leading the offering. The transaction, involving institutional accredited investors, is expected to close on April 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:05 pm