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Assets

GOLD

Barrick Gold Corporation has launched the Barrick Academy at its old Buzwagi mine to train over 2,000 foremen, supervisors, and superintendents in the next 24 months. The academy aims to develop frontline managers in the Africa and Middle East region, with plans to expand the curriculum and include contractors. The opening follows the construction of an airport terminal at Buzwagi, expected to catalyze economic growth in the region.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:11 am

BRK

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) holds a cash reserve of $168 billion, reflecting a cautious investment strategy amidst market volatility. Buffett's approach, emphasizing patience and safety, contrasts with the current casino-like market behavior. Despite advising against excessive cash reserves in the past, Buffett's successful track record suggests his strategy may be prudent in the current climate.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 8:05 am

BTCUSD

Dave Ramsey, a personal finance guru, reiterated his skepticism towards Bitcoin (BTC), aligning with Warren Buffett's critical view of the cryptocurrency. Despite Bitcoin's market cap reaching $1.34 trillion and its price hitting $68,517, Ramsey compared it to 'thin air' and emphasized his investment strategy does not include high-risk assets like cryptocurrencies. He advocates for investments with a long history of trust, contrasting Bitcoin's recent surge to more traditional, stable investment methods.

Portfolio Pulse from Mehab Qureshi

March 18, 2024 | 7:57 am

FXI

China's Fixed Asset Investment for February increased by 4.2% year-over-year, surpassing both the estimated 3.2% and the previous 3.0%. This indicates a stronger than expected economic activity in China.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:30 am

BTCUSD

DOGEUSD

ETHUSD

NEARUSD

RNDRUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw gains amid selling pressure over the weekend. Analysts predict a potential surge in Bitcoin's value post-halving, with projections reaching $100K-$150K. The global cryptocurrency market cap experienced a decrease, while stock futures remained relatively unchanged. Analysts highlighted key price levels for Bitcoin and the potential for a shift towards altcoins.

Portfolio Pulse from Mehab Qureshi

March 18, 2024 | 4:14 am

BTCUSD

SHIBUSD

Nearly 30 million Shiba Inu (SHIB) tokens were burned, removing them permanently from circulation amid a significant market downturn. This action is part of efforts to make SHIB more scarce, potentially increasing its value. SHIB's price fell by 19.20% over two days, reflecting a broader cryptocurrency market correction led by Bitcoin's (BTC) retreat from its peak. Additionally, 382 billion SHIB tokens were moved to an unknown wallet in two large transactions, sparking speculation among investors.

Portfolio Pulse from Bibhu Pattnaik

March 17, 2024 | 3:46 pm

TSLA

The weekend in the crypto world was eventful with Edward Snowden criticizing JPMorgan CEO Jamie Dimon's stance on Bitcoin, Elon Musk hinting at Tesla accepting Dogecoin, and various memecoins, including Toshi, experiencing significant market movements. Snowden's critique and Musk's comments have sparked discussions in the crypto community, while the performance of meme coins like Dogecoin and Shiba Inu has been mixed.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 1:00 pm

BTCUSD

The weekend financial news roundup covered topics from Bitcoin's potential to address the U.S. national debt, Edward Snowden's critique of Janet Yellen, to the unexpected rise in inflation affecting Federal Reserve decisions. Coinbase CEO Brian Armstrong suggested Bitcoin as a solution to the national debt crisis. Edward Snowden highlighted a contradiction in Yellen's statements regarding U.S. financial capabilities. Inflation rates exceeding expectations in February 2024 are likely to influence the Federal Reserve's upcoming decisions, with persisting inflation adding pressure on Fed Chair Jerome Powell. Additionally, Dave Ramsey criticized the traditional retirement paradigm, advocating for a re-evaluation of life and financial planning.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 10:45 am

MSFT

NVDA

TSLA

This week in tech saw escalating tensions between Elon Musk and OpenAI, Edward Snowden's commentary on AI pessimism, and discussions on Nvidia's H100 GPU's impact on tech spending. Musk accused OpenAI of dishonesty and data theft, while tech experts and analysts weighed in on the potential game-changing nature of Nvidia's GPU and the competitive landscape of Tesla's Optimus project in light of new entrants powered by Microsoft-backed OpenAI.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 7:15 am

BNBUSD

BTCUSD

DOGEUSD

ETHUSD

PEPEUSD

SOLUSD

Over $700 million in cryptocurrencies including Bitcoin, Ethereum, and others were liquidated in 24 hours as Bitcoin's value dipped below its previous all-time high. MicroStrategy plans to offer $525 million in convertible senior notes to purchase more Bitcoin as its price nears $70,000.

Portfolio Pulse from Bibhu Pattnaik

March 16, 2024 | 8:53 pm