Benzinga

Commodities & FuturePosted by
Benzinga

Bitcoin Mining Difficulty Increases For First Time Since May

What happened: New data shows the difficulty of Bitcoin (CRYPTO: BTC) mining is on the upswing. According to data from BTC.com the level of difficulty to mine the cryptocurrency increased by 6% on Saturday. It’s the first increase in difficulty for Bitcoin miners since the digital currency began to crash in May, according to a report from Decrypt.
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MarketsPosted by
Benzinga

China Central Bank Cracking Down on Cryptocurrency Trading

Chinese government officials are announcing plans to continue a crackdown on cryptocurrency trading and speculation. What happened: In a statement released on Saturday, the People’s Bank of China says it will “maintain high pressure on virtual currency trading hype.” Noting that the central bank has been “severely cracking down on illegal activities of virtual currency” this year and will continue supervising financial platforms operating in the country.
AustraliaPosted by
Benzinga

Australia Gets Psychedelics Research Institute With $29M In Funding From Undisclosed North American Company

A new research institute called The Psychae Institute was announced on Friday, and will focus on advancing psychedelics research in Australia. The newly-founded research organization plans to launch clinical research into psilocybin, DMT and MDMA, among others molecules. According to The Sydney Morning Herald, the Melbourne-based institute is lifting off...
StocksPosted by
Benzinga

Dole IPO Drops Over 9% During First Day Of Trading

What happened: Shares of the world’s large produce company slid by over 9% on Friday after debuting on the New York Stock Exchange. Dole (NYSE: DOLE) opened for trading at $15, at an implied market value of approximately $1.5 billion, which was below the initial public offering of $16. The stock closed at $14.50 on Friday, giving the company a market valuation of $1.35 billion. “The timing was what it was, the valuation is what it is,” said Chief Executive Officer Rory Byrne in an interview.
StocksPosted by
Benzinga

Short ARKK ETF To Bet Against Cathie Wood's Fund

According to Bloomberg, the Short ARKK ETF would track the inverse performance of Cathie Wood’s $23 billion Ark Innovation ETF (NYSEARCA: ARKK) through swaps. As per the Securities and Exchange Commission filing, the fund would trade under the ticker SARK and charge a 0.75% operating expense. Post-launch, the SARK would...
BusinessPosted by
Benzinga

Why Elon Musk Thinks Epic Is Right In Its Fight Against Apple

Apple Inc (NASDAQ: AAPL) is locked in a legal battle with video game developer Epic over the former's restrictive practices in its App Store and the 30% commission its charges for each purchase made on its App Store. Musk Leaps to Epic's Defence: Tesla Inc.'s (NASDAQ: TSLA) opinionated CEO Elon...
StocksPosted by
Benzinga

'Fast Money Halftime Report' Picks For July 30

On CNBC's "Fast Money Halftime Report," Shannon Saccocia picked salesforce.com, inc. (NYSE: CRM) as her final trade. The company is going to report earnings in few weeks and Saccocia expects a good report. Rob Sechan is a buyer of Canadian Natural Resources Ltd (NYSE: CNQ). Its breakeven for crude oil...
StocksPosted by
Benzinga

Tesla's Stock Races Into Resistance: What's Next?

Tesla Inc (NASDAQ:TSLA) has sped over 11% higher after tumbling over 5% lower on earnings and putting in a bottom at the $627 mark. On Thursday, Benzinga Pro alerted its users Tesla had filed a patent that would allow it to recover and recycle nickel and cobalt from old lithium-ion EV batteries.
Financial ReportsPosted by
Benzinga

Recap: Middlesex Water Q2 Earnings

Shares of Middlesex Water (NASDAQ:MSEX) moved higher by 0.5% in after-market trading after the company reported Q2 results. Earnings per share were up 12.73% over the past year to $0.62, which beat the estimate of $0.58. Revenue of $36,701,000 up by 4.04% year over year, which beat the estimate of...
StocksPosted by
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Amazon, eBay Fall Sharply As The QQQ Closes Lower Friday

U.S. indices were trading lower as Amazon.com, Inc. (NASDAQ:AMZN) fell following earnings and as COVID-19 delta variant concerns continue to drive market uncertainty. The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) closed lower by 0.52% to $364.57. The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) lost 0.38% to $349.48. The...