Streetbeat News

Assets

EWG

Germany's current assessment for March improved to 88.1, surpassing both the estimated 86.8 and the previous month's 86.9.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 9:04 am

EWG

Germany's business expectations index for March rose to 87.5, surpassing the estimated 84.7 and the previous month's revised figure of 84.4. This indicates a positive shift in sentiment among German businesses.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 9:04 am

QUCCF

TSM

WICOF

Taiwanese stocks, particularly in the tech sector, have seen significant growth due to increasing demand for AI and semiconductor technologies. The Taiwan Weighted Index is expected to continue its upward trajectory, with Taiwan Semiconductor (TSM) leading the surge. Other companies like Quanta Computer (QUCCF) and Wistron (WICOF) have also seen substantial gains. This growth is attributed to global AI demand and a robust AI service manufacturing supply chain in Taiwan. Additionally, fixed asset investment post-elections and potential Fed cuts are contributing factors.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 8:48 am

RHP

Ryman Hospitality Properties has upsized its private placement of senior notes to $1 billion, with a 6.500% interest rate due in 2032. Originally announced at $800 million, the offering has been increased and is expected to close on March 28, 2024. The net proceeds are anticipated to be around $983 million after expenses. These notes will be senior unsecured obligations, guaranteed by the company and its subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:41 am

PROK

ProKidney reported a decrease in its FY23 EPS to $(0.57) from $(0.23) year-over-year. The company's cash, cash equivalents, and marketable securities stood at $363M.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:23 am

COOT

Australian Oilseeds, a leading cold-processing oil giant in the APAC region, is set to debut on Nasdaq under the ticker 'COOT'. Over the past 20 years, AOI has become the largest cold pressing oil plant in the APAC, focusing on GMO-free conventional and organic oilseeds. The company is expanding its operations by enhancing its existing plant and constructing a new multi-seed crushing plant in Queensland, aiming to become the largest cold-pressed producer in the Oceanic/APAC region.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:18 am

BLK

CVX

XOM

Strive CEO Matt Cole criticized BlackRock Inc. (NYSE:BLK) for imposing a climate agenda on energy companies, citing long-term financial implications. Cole highlighted BlackRock's influence on Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) regarding climate policies and shareholder proposals. He also mentioned BlackRock's role in SEC's mandatory ESG climate disclosures and its membership in climate groups. The Texas Permanent School Fund withdrew $8.5 billion from BlackRock over its ESG policies, adding to the controversy around BlackRock's ESG investing stance.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 5:36 am

BBJP

DXJ

EWJ

Japan's National Consumer Price Index (CPI) remained unchanged month-over-month, aligning with the previous month's figure at 0.0%. This stability in consumer prices may influence investor sentiment towards Japan-focused ETFs.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 4:22 am

BBJP

DXJ

EWJ

Japan's National Core Consumer Price Index (CPI) for February increased by 2.8% year-over-year, matching the estimated 2.8% and rising from the previous 2.0%.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 4:22 am

ADAUSD

DOGEUSD

David Gokhshtein, a prominent Dogecoin advocate, has publicly expressed his support for Cardano (ADA), stating his long-term admiration for the cryptocurrency on social media. His endorsement comes amidst a broader market upturn following a dovish stance from the U.S. Federal Reserve, which saw major cryptocurrencies like Bitcoin and Ethereum rise in value. This market sentiment, coupled with recent rallies in altcoins like Floki Inu, suggests a potentially favorable landscape for ADA. Cardano has seen a 69.04% increase over the past year, while Bitcoin, Ethereum, and Dogecoin have also posted significant gains.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 2:08 am