Streetbeat News

Assets

WMT

Sam's Club, a division of Walmart Inc., is set to open two new distribution centers in early 2024, located outside St. Louis and Minneapolis. These facilities are part of a growth plan to enhance the supply chain and improve the omni shopping experience for members. The St. Louis area center will create over 100 jobs, while the Minneapolis area center will employ more than 80 associates. This expansion follows recent announcements of new distribution and fulfillment centers in Oklahoma City and Lithia Springs, Ga.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:01 pm

NEM

Newmont (NYSE:NEM) has seen a 31.1% decrease in short interest since its last report, with 30.58 million shares sold short, representing 2.88% of its float. The average time to cover these short positions is 1.23 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Newmont's short interest is below its peer group average of 3.02%. Short interest is a key indicator of market sentiment and changes in short interest can have implications for a stock's performance.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 3:00 pm

INJUSD

Injective (CRYPTO: INJ), a cryptocurrency, has seen a significant price increase of 8.06% in the last 24 hours, reaching $17.87. Over the past week, the price has risen over 18%, up from $15.3. Despite this growth, it remains below its all-time high of $24.89. The trading volume has surged by 82% over the past week, and the circulating supply has slightly increased to 84.26 million, which is 84.26% of the maximum supply. Injective currently ranks 43rd in market cap at $1.50 billion.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 3:00 pm

BAM

BLK

TPG

The UAE is set to launch a $30bn climate investment fund in collaboration with BlackRock, TPG, and Brookfield during COP28. Lunate Capital, a new Abu Dhabi-based asset manager, will oversee the fund, with $5bn dedicated to investments in the Global South. The initiative is part of the UAE's efforts to position itself as a leader in climate finance and to address scrutiny over its role as a major oil and gas producer hosting the climate summit. The fund aligns with global financial needs for transitioning to green energy and adapting to climate change, as outlined by the UN and the International Energy Agency.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:52 pm

IWM

QQQ

SPY

SQQQ

Short selling in ETFs has been largely unprofitable over the last month, with 92% of all ETF shorts losing money. The SPDR S&P 500 ETF (SPY) was the most heavily shorted and least profitable, with short sellers losing $5.5 billion as the ETF rose 11.2%. The Invesco QQQ Trust ETF (QQQ) and iShares Russell 2000 ETF (IWM) also saw significant losses for short sellers. Conversely, the Proshares Ultrapro Short QQQ ETF (SQQQ) was profitable for shorts, as were ETFs tracking the VIX index.

Portfolio Pulse from Neil Dennis

November 30, 2023 | 2:48 pm

USO

Saudi Arabia and Russia have announced significant oil production cuts, with Saudi Arabia reducing output by 1 million barrels per day and Russia by 500,000 barrels per day. Other countries are also expected to cut production further, which could lead to a tightening of global oil supplies.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:46 pm

SPY

Federal Reserve Bank of New York President John Williams commented on the high sensitivity of bond yields to new economic data, suggesting that investors are closely watching for signs that could indicate the future direction of interest rates and monetary policy. This observation reflects the market's attentiveness to the Fed's actions and economic indicators, which can influence investment decisions and asset prices, particularly in the fixed income market.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:35 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum experienced losses, with Bitcoin falling below the $38,000 threshold and Ethereum staying above $2,000. The U.S. personal consumption expenditure price index was flat month-over-month in October, with annual core PCE inflation easing to 3.5%. The global crypto market cap declined by 0.7% over 24 hours. IOTA was the top gainer, while Sei was the biggest loser among cryptocurrencies.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 2:33 pm

SPY

Federal Reserve's John Williams emphasized that future rate decisions will be based on the 'totality' of economic data. He noted that financial conditions have tightened over the year and is monitoring the impact of these tighter conditions on the economy.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:33 pm

USO

OPEC+ has reportedly reached a consensus on reducing oil output, according to Reuters citing two sources. This decision could potentially affect global oil supply and prices.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:30 pm