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BRK

ICE

A technical glitch at the NYSE caused a 99.97% drop in Berkshire Hathaway's stock value, which has now been resolved. The issue was due to a new software release by the CTA's SIP. Despite the NYSE's assurance, some traders remain skeptical about the explanation.

Portfolio Pulse from Benzinga Neuro

June 04, 2024 | 1:40 am

RIG

Shares of Transocean LTD (NYSE:RIG) traded lower on Monday following an OPEC+ decision to extend deep oil output cuts until 2025. The decision aims to address concerns over tepid demand growth, high interest rates, and rising U.S. production. Brent crude oil prices have remained below budgetary requirements for many OPEC+ members, trading near $80 per barrel. Transocean shares closed Monday down 7.9% at $5.73.

Portfolio Pulse from Vaishali Prayag

June 03, 2024 | 10:12 pm

FGBI

First Guaranty Bancshares has appointed Michael Mineer as the new President and CEO, succeeding Alton Lewis who is retiring at the end of May.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 10:01 pm

GME

MS

Dave Portnoy criticized E*Trade, owned by Morgan Stanley, for considering banning Roaring Kitty (Keith Gill) over stock manipulation allegations. Citron Research also commented on Roaring Kitty's actions, suggesting possible manipulation. Public.com invited Roaring Kitty to trade on its platform.

Portfolio Pulse from Michael Cohen

June 03, 2024 | 9:57 pm

CNEY

CN Energy Group received a written notice from Nasdaq on May 28, 2024, indicating that it is not in full compliance with the minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 9:32 pm

UNH

UnitedHealth Group (NYSE:UNH) has significantly outperformed the market over the past decade, delivering an average annual return of 20.08%. A $1000 investment in UNH 10 years ago would be worth $6,236.71 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 9:30 pm

ARES

Ares Management (NYSE:ARES) has significantly outperformed the market over the past 5 years, delivering an average annual return of 39.89%. An initial investment of $100 in ARES 5 years ago would now be worth $537.33. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 9:30 pm

GRAL

ILMN

Illumina's Board has approved the spin-off of GRAIL, with 'when-issued' trading expected to start around June 12, 2024. GRAIL will list on Nasdaq as 'GRAL' and Illumina shareholders will receive 85.5% of GRAIL's common stock, while Illumina retains 14.5%.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 9:25 pm

ACB

CGC

CRON

OGI

SNDL

TLRY

VFF

The Canadian recreational cannabis market is experiencing a slowdown, with a mere 2% YoY growth in Q1 2024. However, some companies like Village Farms International, Organigram Holdings, and Cronos Group have shown significant sales growth, while others like Tilray Brands and Canopy Growth Corporation have faced declines.

Portfolio Pulse from Nicolás Jose Rodriguez

June 03, 2024 | 9:01 pm

EPRT

Essential Properties Realty Trust (EPRT) has announced an increase in its quarterly dividend by 1.8%, from $0.285 to $0.29 per share. The dividend will be payable on July 12, 2024, to stockholders of record as of June 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 9:01 pm