Streetbeat News

Assets

EWU

The U.K. Halifax House Price Index reported a year-on-year decrease of 1.0% for November, showing an improvement from the prior figure of -3.2%.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 7:01 am

EWU

The U.K. Halifax House Price Index for November showed a monthly increase of 0.5%, surpassing the estimated 0.3% and the prior month's 1.1%.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 7:01 am

FXI

China's trade balance in USD for November was reported at $68.39 billion, significantly higher than the estimated $58.00 billion and the previous figure of $56.53 billion.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:45 am

EWA

Australia's trade balance for October was reported at 7.129 billion AUD, falling short of the estimated 7.500 billion AUD but surpassing the revised prior figure of 6.184 billion AUD.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:43 am

EWA

Australia's Building Approvals for the month showed a 7.5% increase, which is in line with the estimated 7.5% and a significant improvement from the previous -4.6%.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 5:43 am

SHIBUSD

The Shiba Inu token (CRYPTO: SHIB) burn rate has surged by over 800%, with 10 million SHIB tokens removed from circulation in a single day. This increase is linked to a spike in activity on the Shibarium network, which recorded 7.84 million transactions in one day and has surpassed 30 million transactions in total. The network's scaling has led to higher gas fees, reaching up to 783 Gwei. Despite delays in the Shibarium launch, SHIB's price has risen by 2.78% in the last 24 hours to $0.0000097.

Portfolio Pulse from Mehab Qureshi

December 07, 2023 | 5:42 am

BNB

COIN

ETHUSD

Ethereum's gas fees have been fluctuating, with significant drops and surges in recent times. In October 2023, fees dropped due to decreased DeFi, NFT, and Telegram bot activity, with top spenders like Binance and Coinbase spending 30% less. The shift to Ethereum 2.0 and a PoS consensus mechanism led to a 99.9% reduction in energy consumption and lower fees. However, events like Binance activating dormant wallets and the launch of Buterin Cards NFTs caused fees to spike. High gas fees have driven users towards alternative blockchains like BNB Chain, Solana, and Cardano. Social media users have expressed frustration with the high costs, often humorously.

Portfolio Pulse from Khyathi Dalal

December 06, 2023 | 11:11 pm

CVX

Chevron plans to allocate $16 billion for its 2024 capital expenditure budget, with $14 billion earmarked for upstream spending and $1.5 billion for downstream capex, 80% of which will be spent in the United States.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 10:17 pm

KRC

Kilroy Realty has successfully signed approximately 520,000 square feet of new or renewing leases since the beginning of the quarter. Notably, around 400,000 square feet of these leases were signed in November alone.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:43 pm

BTCUSD

Brett Harrison, former president of FTX US, predicts Bitcoin could reach $50,000 to $55,000 by Q1 2024 if a spot Bitcoin ETF is approved. He doesn't foresee six-figure prices until late 2024 or early 2025. Harrison's views are based on the significant inflows seen when a Bitcoin Futures ETF was listed, expecting even higher records for a spot Bitcoin ETF. He expressed frustration with the lack of crypto regulations and believes the potential of a Bitcoin ETF approval hasn't been fully priced in. Harrison is currently a co-founder at Architect.xyz, a DeFi platform.

Portfolio Pulse from Khyathi Dalal

December 06, 2023 | 9:41 pm