Streetbeat News

Revenues

EWA

Australia's home loans decreased by 2.0% month-over-month, missing the estimated 2.0% increase and down from the revised 4.5% prior. This could impact ETFs with significant exposure to the Australian market.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 4:44 am

BBJP

DXJ

EWJ

Japan's current account for May was reported at 2.850 trillion yen, surpassing the estimated 2.450 trillion yen and the previous 2.051 trillion yen.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 4:44 am

BBJP

DXJ

EWJ

Japan's adjusted current account for May was reported at 240.62 trillion yen, significantly higher than the estimated 2.07 trillion yen and the prior 2.52 trillion yen.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 4:43 am

BTCUSD

Economist Peter Schiff criticizes Bitcoin ETFs, suggesting that 'smart money' is selling Bitcoin while 'dumb money' is buying through ETFs. He warns that Bitcoin ETF investors may face significant losses, especially if Bitcoin's price drops below $38,000. Schiff's comments come amid Bitcoin's recent price decline and net outflows from U.S.-listed Bitcoin ETFs.

Portfolio Pulse from Aniket Verma

July 08, 2024 | 2:17 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant declines, with Bitcoin falling below $56,000. The market downturn is partly due to planned sell-offs by Mt.Gox and the German government. The Cryptocurrency Fear & Greed Index is at its lowest since January 2023. Stock futures also traded lower, and investors are looking to key inflation data for cues on the Federal Reserve's next steps.

Portfolio Pulse from Aniket Verma

July 08, 2024 | 2:05 am

AAPL

GOOGL

META

MSFT

NVDA

TSLA

The Biden administration announced a $504 million funding package for 12 regional tech hubs. California lawmakers are voting on a bill for AI safety regulations, opposed by Meta and Alphabet. Epic Games plans to relaunch 'Fortnite' on its own iPhone app store in the EU. Sega Sammy and Capcom announced new developments in their gaming franchises. Microsoft’s Xbox Game Pass has an exciting new lineup. Apple extended the deadline for iPhone 7 users to claim a settlement and declined Meta's AI chatbot proposal. Samsung introduced a new chipset for its Galaxy Watch. The EU may charge Meta with digital regulation breaches. SK Group plans significant investments in AI and semiconductors. Elon Musk shared updates on his AI chatbot, Grok.

Portfolio Pulse from Lekha Gupta

July 07, 2024 | 11:40 pm

ABBV

ALNY

AMGN

HRTS

LLY

MRK

NVO

PFE

SPY

The GLP-1 drug market for obesity treatment is projected to reach $1 trillion, according to Tema ETFs CEO Maurits Pot. The market is expected to expand beyond Eli Lilly and Novo Nordisk, with applications in various diseases. Tema ETFs launched the Tema GLP-1, Obesity and Cardiometabolic ETF (HRTS), which has outperformed the S&P 500 since its inception.

Portfolio Pulse from Piero Cingari

July 07, 2024 | 1:39 pm

BTCUSD

MSTR

Peter Schiff warns that Bitcoin ETF buyers are 'HODLing' amid a significant drop in Bitcoin's price, but predicts a much larger drop may occur soon. Schiff suggests that a decline below $38,000 will lead to significant selling pressure from Bitcoin ETF holders.

Portfolio Pulse from Shanthi Rexaline

July 06, 2024 | 3:22 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) has canceled its 7-day vehicle return policy, urging customers to test drive and do walk-arounds instead. This move is part of Rivian's cost-cutting measures as it aims to turn its first-ever quarterly gross profit in Q4 2024. The company is also forming a joint venture with Volkswagen to create software-defined vehicle platforms.

Portfolio Pulse from Anan Ashraf

July 06, 2024 | 8:01 am

TSLA

Tesla CEO Elon Musk hinted at the possibility of building a robot resembling TARS from the movie Interstellar, in addition to the humanoid robot Optimus. Tesla is pushing towards becoming a robotics, AI, and sustainable energy company. Musk envisions a future with a significant population of humanoid robots, with Tesla playing a major role. The company plans to start limited production of Optimus by the end of this year or early next year and will unveil its robotaxi product on August 8.

Portfolio Pulse from Anan Ashraf

July 06, 2024 | 3:31 am