Streetbeat News

Assets

TIXT

TELUS Corporation has enhanced its 5G capabilities by acquiring 3800 MHz spectrum licenses for $620 million. This acquisition gives TELUS an average of 72 MHz of 3800 MHz spectrum nationally, complementing the 3500 MHz spectrum they obtained in 2021. TELUS now holds around 100 MHz of prime 5G mid-band spectrum across 96% of Canada, including all major markets.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:50 am

GEL

Genesis Energy has upsized and priced a $600 million public offering of 8.250% senior unsecured notes due in 2029. This move indicates the company's efforts to raise capital, potentially for debt refinancing, growth initiatives, or other corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:46 am

BBJP

DXJ

EWJ

Japan's capital spending for Q3 came in at 3.4%, matching the estimate and showing a decrease from the prior 4.5%. This indicates a slowdown in capital investment growth.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:27 am

ETH-USD

Following the death of Henry Kissinger, at least 9 tokens named after him have emerged in the crypto space, with one experiencing a 5,700% surge on Uniswap. These tokens, found on Ethereum, Solana, and BNB Chain, are prone to rapid price inflation and 'rug-pulls', posing high risks to investors. The ease of creating cryptocurrencies contributes to such volatile market entries.

Portfolio Pulse from Mehab Qureshi

December 01, 2023 | 4:28 am

ARKW

COIN

PSTG

SHOP

TDOC

TXG

Ark Invest, led by Cathie Wood, sold 37,377 shares of Coinbase Global Inc (COIN) through the ARK Next Generation Internet ETF (ARKW). The firm also adjusted its portfolio by adding shares of Robinhood, 10X Genomics Inc (TXG), Teladoc Inc (TDOC), and Pure Storage Inc (PSTG), while selling shares of Shopify Inc (SHOP). These trades reflect Ark's strategic shifts in response to market trends and anticipation of a Bitcoin spot ETF approval.

Portfolio Pulse from Benzinga Neuro

December 01, 2023 | 3:56 am

BRK.A

BRK.B

Charlie Munger and Warren Buffett's final deal did not materialize despite Berkshire Hathaway's substantial cash reserves of nearly $160 billion. Munger, the late vice chairman, remained optimistic about the company's ability to make a significant acquisition, known as the 'elephant' deal. Berkshire Hathaway has made sizeable purchases in the past but has not secured a deal matching the scale Buffett and Munger sought. The responsibility for such a transaction may pass to the next generation of leaders. Berkshire Hathaway's shares closed slightly higher on Thursday.

Portfolio Pulse from Benzinga Neuro

December 01, 2023 | 3:28 am

MSTR

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, saw price increases after two key developments. Microstrategy Inc (NASDAQ:MSTR) purchased an additional 16,130 BTC, bringing their total holdings to 174,530 BTC. The SEC acknowledged Fidelity Investments' filing for a spot Ethereum ETF. Analysts predict Ethereum could reach $3,500 by Q1 2024, and the trend of self-custody for Ethereum is increasing, with exchange wallets at a 6-month low and non-exchange wallets at an all-time high.

Portfolio Pulse from Mehab Qureshi

December 01, 2023 | 2:57 am

ETHUSD

The SEC has opened a public comment period on a proposed rule change that could allow Fidelity to offer a spot Ethereum ETF. The Cboe BZX Exchange would list and trade shares of the Fidelity Ethereum fund if approved. Fidelity filed for the fund on Nov. 17, 2023, and a 240-day review period has started. The approval would provide U.S. investors with regulated investment options similar to those available in Europe. Currently, U.S. investors have limited and riskier options for ether exposure.

Portfolio Pulse from Khyathi Dalal

November 30, 2023 | 11:10 pm

BCE

Bell has acquired 3800 MHz licenses in a Canadian auction, which could potentially enhance their telecommunications infrastructure and service offerings. BCE Inc. (BCE), the parent company of Bell, may be impacted by this news.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 10:42 pm

BITO

BTCUSD

ProShares’ Bitcoin Strategy ETF (BITO) reached a record $1.47 billion in Assets under Management (AuM), driven by increased institutional interest in Bitcoin and anticipation of spot Bitcoin ETFs in the U.S. BITO's trading volume places it in the top 5% of U.S. ETFs. The fund recovered from a low of $500 million in AuM after the FTX collapse, with a 9% increase in Bitcoin prices over the last month contributing to its growth. However, the potential approval of spot Bitcoin ETFs could increase competition for BITO.

Portfolio Pulse from Khyathi Dalal

November 30, 2023 | 10:10 pm