Streetbeat News

Assets

GFL

GFL Environmental has announced the pricing of a $1 billion upsized private offering of 6.750% senior secured notes due 2031, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:26 pm

AVAXUSD

LINKUSD

RUNEUSD

SOLUSD

A cryptocurrency analyst, Altcoin Sherpa, predicts a gradual decline for Solana (SOL), Chainlink (LINK), Avalanche (AVAX), and Rune (RUNE), based on technical indicators like the .382 Fibonacci retracement levels and the 200-day EMAs. The analyst expects a 'grind down' period before a potential robust upward movement in January.

Portfolio Pulse from Murtuza Merchant

November 30, 2023 | 7:36 pm

FUV

Arcimoto Inc (NASDAQ:FUV) stock is trading lower after a recent rally, with no company-specific news to justify the surge. The selloff may be due to a late filing notice from Nasdaq for its quarterly report and negative reports highlighting financial concerns, such as dwindling cash reserves. Retail traders' concerns about the market resurgence ending and profit-taking after the stock's significant appreciation could also be contributing factors. FUV shares are down 68% year-to-date but up 60% over the past week.

Portfolio Pulse from Adam Eckert

November 30, 2023 | 7:15 pm

BA

EWC

The Government of Canada has agreed to purchase up to 16 Boeing P-8A Poseidon aircraft, with deliveries starting in 2026. The deal is reported to be valued at $5.9 billion.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:38 pm

DOGE-USD

Dogecoin (CRYPTO: DOGE), launched in 2013 as a satirical cryptocurrency, has seen significant returns for early investors. With support from Elon Musk and Mark Cuban, and being accepted by companies and exchanges, Dogecoin's value surged, especially in 2021. An initial $1,000 investment in 2013 would be worth $274,807.88 today, and was worth up to $2,464,416.97 at its peak in May 2021.

Portfolio Pulse from Chris Katje

November 30, 2023 | 6:28 pm

SPY

U.S. Treasury Secretary Janet Yellen expressed her belief that a longer-run investment strategy will positively influence the public's optimism regarding the economic future.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:26 pm

SPY

U.S. Treasury Secretary Janet Yellen expressed confidence in achieving a 'soft-landing' for the U.S. economy, indicating that she does not foresee the need for further drastic monetary policy tightening by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:25 pm

BRPHF

Michael Novogratz, CEO of Galaxy Digital Holdings Ltd. (OTC:BRPHF), is optimistic about Bitcoin (CRYPTO: BTC) reaching its all-time highs within the next year, driven by the potential SEC approval of the first American Bitcoin ETF. Bitcoin's resilience is noted despite past volatility, and the approval could lead to a significant capital influx into the ETF market. Novogratz also sees the upcoming election year as a potential boost for digital assets.

Portfolio Pulse from Murtuza Merchant

November 30, 2023 | 6:05 pm

ETHUSD

On Wednesday, 8,153.51 Ether (ETH) valued at $16.6 million was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% per year, expected to drop to 0.5-1% with Ethereum 2.0, potentially making ETH deflationary. The net annualized issuance rate for Ether was -9.50% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 6:00 pm

USO

OPEC+ has announced voluntary oil output cuts totaling 2.19 million barrels per day (BPD), according to Reuters estimates. This decision could potentially affect global oil supply and prices.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 5:54 pm