Streetbeat News

Assets

EWU

The U.K. Producer Price Index (PPI) Input for February showed a decrease of 0.4%, compared to the estimated 0.2% increase and a revised prior of -0.1%. This indicates a decline in the cost of goods and services purchased by producers in the U.K., suggesting potential impacts on inflation and economic activity.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:02 am

EWU

The U.K. Consumer Price Index (CPI) for February showed a month-on-month increase of 0.6%, which is slightly below the estimated 0.7% but represents a significant change from the -0.6% reported in the previous month.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:01 am

FOX

FOX News Digital surpassed CNN in total digital multiplatform unique visitors for the first time in February, according to Comscore. FOX News Digital led with 3.1 billion total multiplatform minutes, 1.6 billion views, and 115 million unique visitors. The FOX News Mobile App also outperformed CNN's, marking the third consecutive month of doing so. Year-over-year, FOX News Digital saw an 18% increase in unique visitors and an 8% increase in multiplatform minutes, while CNN experienced a 6% decrease in unique visitors and a 2% decrease in multiplatform minutes.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:59 am

MSTR

Peter Schiff criticized the limitations of trading Bitcoin through an ETF, highlighting the issue of liquidity being restricted to U.S. market hours. This concern is raised amidst a significant drop in Bitcoin's price, leading to a global crypto market sell-off. Schiff also scrutinized MicroStrategy and its CEO, Michael Saylor, for purchasing Bitcoin with borrowed funds, suggesting it might be an attempt to manipulate Bitcoin's price while selling MicroStrategy shares.

Portfolio Pulse from Mehab Qureshi

March 20, 2024 | 5:59 am

STNG

Scorpio Tankers Inc. has completed the sale of two MR product tankers for a total of $72.3 million, equating to $36.15 million per vessel. This strategic move could impact the company's financial position and operational capacity.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:31 am

ARKK

ARKW

MRNA

PSNL

SQ

TWLO

U

Cathie Wood's Ark Invest sold $7.5M worth of Block Inc (SQ) shares through its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW) amid a Bitcoin price drop. This follows a previous sale of $8.95M in Block shares. Additionally, Ark Invest made trades in Moderna (MRNA), Personalis (PSNL), Twilio (TWLO), and Unity Software (U).

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 4:29 am

FXI

The China Loan Prime Rate (LPR) for 5 years remained unchanged at 3.95% for March. This decision reflects the current economic policy stance in China.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 4:03 am

FBTC

GBTC

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced significant declines, with over $650 million worth of crypto liquidated in 24 hours. Grayscale's Bitcoin ETF (GBTC) saw over $640 million in outflows, while Fidelity's Bitcoin ETF (FBTC) had inflows of $5.9 billion. The global crypto market cap dropped by 8% to $2.4 trillion. Analysts predict a potential rally for Bitcoin, citing increased FOMO and technical indicators suggesting a cycle peak in the coming months.

Portfolio Pulse from Mehab Qureshi

March 20, 2024 | 4:01 am

SOLUSD

An investigation by ZachXBT revealed that nearly $150M in SOL was sent to strangers' Solana addresses in meme coin presales, raising concerns over potential fraud. Over 33 presale events have occurred since March 12, with Smolecoin and Slerf meme coins experiencing significant issues. Solana's co-founder Anatoly Yakovenko and others have expressed concerns over these developments. The market for meme coins saw a downturn in Tuesday trading.

Portfolio Pulse from Murtuza Merchant

March 19, 2024 | 11:42 pm

SHIBUSD

Shibarium's meme coin DAMN, also known as 'Sol Killer', reported a 22% increase in trading, with liquidity at $1.2 million and a trading volume of 471,000. This comes as Shiba Inu (SHIB) sees a 5% drop. DAMN's launch on March 18 has significantly increased active accounts on Shibarium, with 44,000 holders now. The coin, created by Woofswap, can be purchased with BONE token or through Gate.io. The surge in DAMN's popularity and trading volume is expected to boost investor confidence in Shibarium and SHIB despite the latter's recent price drop.

Portfolio Pulse from Khyathi Dalal

March 19, 2024 | 11:15 pm