Streetbeat News

Regulatory

BLK

BlackRock Inc (NYSE:BLK) has filed with the SEC to create a new fund focused on tokenized assets, named the BlackRock USD Institutional Digital Liquidity Fund, in partnership with Securitize. The fund, based in the British Virgin Islands and founded in 2023, aims to attract capital with a minimum investment threshold of $100,000, allowing investments up to $100 million. This development aligns with the market's optimism for Ethereum-based ETFs, following the SEC's approval of Bitcoin ETFs. BlackRock's move into tokenization reflects a broader industry trend towards digital financial assets.

Portfolio Pulse from Mehab Qureshi

March 20, 2024 | 7:13 am

EWU

The U.K. Consumer Prices Index Including Owner Occupiers' Housing Costs (CPIH) year-over-year has decreased to 3.8% from the previous 4.2%.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:03 am

EPOW

Sunrise New Energy received a Nasdaq notice for not meeting the minimum bid price requirement. The company's operations remain unaffected, and it plans to monitor its Class A ordinary shares' price to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:44 am

KGEI

Kolibri Global Energy has announced a delay in filing its financial statements, attributing the delay to auditing issues. The company now targets a May deadline for the submission of its financial statements.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:58 am

FXI

The People's Bank of China has decided to keep its Loan Prime Rate unchanged at 3.45%. This decision could influence market perceptions and potentially impact related US-listed assets, notably FXI, which tracks large-cap Chinese stocks.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 4:03 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

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

FOX

FOXA

NWS

The 2024 Ruth Bader Ginsburg Leadership Awards, intended for Elon Musk among others, were revoked after objections from Barbra Streisand and Ginsburg's family. The controversy arose due to the change in award criteria and the selection of primarily male recipients. The Opperman Foundation, responsible for the awards, announced the cancellation and plans to reconsider its mission. Elon Musk's controversial figure status, particularly regarding free speech and social media platform X, and Rupert Murdoch's association with conservative media outlets News Corporation and Fox Corporation, were highlighted as potential reasons for the backlash.

Portfolio Pulse from Chris Katje

March 19, 2024 | 10:11 pm

PB

Prosperity Bancshares has received all necessary regulatory approvals to finalize its acquisition of Lone Star State Bancshares, marking a significant step towards completing the transaction.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 9:47 pm

MRK

Merck & Co Inc has filed for a debt shelf with the SEC, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 9:02 pm