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AVAXUSD

Avalanche (CRYPTO: AVAX) has seen a 3.29% increase in price over the last 24 hours, reaching $20.97, and a 5.0% gain over the past week. Despite the recent uptick, it is still far from its all-time high of $144.96. The trading volume has decreased by 50.0% over the past week, while the circulating supply has increased by 1.9% to 365.11 million, approximately 50.71% of the max supply. AVAX's market cap is currently ranked #14 at $7.64 billion.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 3:00 pm

UTEN

UUP

The U.S. GDP growth for Q3 2023 was revised upward to 5.2%, exceeding initial estimates and marking the strongest expansion since Q4 2021. The revision was due to better-than-expected nonresidential investment, residential investment, private inventories, and government spending. Consumer spending and exports also contributed to the growth, although at a slightly moderated pace. The U.S. dollar index, tracked by Invesco DB USD Index Bullish Fund (UUP), saw a positive reaction, while Treasury yields remained stable, as indicated by the US 10 Year Treasury Note ETF (UTEN). Market participants anticipate a potential Fed rate cut by May 2024.

Portfolio Pulse from Piero Cingari

November 29, 2023 | 2:41 pm

BTCUSD

ETHUSD

FTTUSD

Bitcoin and Ethereum saw price increases, with Bitcoin surpassing $38,000 and Ethereum above $2,000. Sei was the top gainer, while FTX Token was the biggest loser in the last 24 hours. The rise in cryptocurrency prices followed positive US GDP data, which showed a 5.2% growth in the third quarter, exceeding expectations. The global crypto market cap increased by 2% to $1.43 trillion.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 2:34 pm

BITF

Bitfarms Ltd (NASDAQ:BITF), a Bitcoin miner, has seen its shares rise following the announcement of the closing of a private placement with institutional investors, raising C$60 million ($44.13 million). The funds will be used to acquire additional miners, expand infrastructure, and improve working capital. This follows Bitfarms' recent purchase of 35,888 Bitmain T21 miners and securing an option for 28,000 more. The company's shares increased by 8.96% to $1.46 after a 26% rise on Tuesday.

Portfolio Pulse from Adam Eckert

November 29, 2023 | 2:18 pm

FCNCA

First Citizens Bank, through its Healthcare Finance business, has completed two loan transactions totaling $99.3 million with joint ventures managed by Kayne Anderson Real Estate and Remedy Medical Properties. A $75 million loan was provided for the acquisition of Baylor Scott & White Medical Center in Texas, and $24.3 million for refinancing two medical office buildings in Mississippi. The deals support the growth of Kayne Anderson and Remedy's joint ventures in the medical real estate sector.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:17 pm

GFL

GFL Environmental Inc. (NYSE:GFL) outlined its 2024 capital allocation strategy, focusing on sustainability investments and M&A to densify its footprint. The company plans to invest $250-$300 million in renewable natural gas projects and infrastructure under EPR legislation, and $600-$650 million in M&A within existing geographies. Total growth investments will not exceed $900 million, in addition to normal capital expenditures of $850-$900 million. These investments are expected to generate $80-$100 million of incremental Adjusted EBITDA by 2026. GFL's first RNG facility is operational, with more projects coming online from Q4 2024 to 2026. The company aims to achieve at least $2.2 billion of Adjusted EBITDA in 2024 and reduce leverage to the mid 3's, with growth investments adding 20 basis points to year-end Net Leverage, targeting between 3.65x and 3.85x.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:53 pm

TTEC

TTEC Holdings has expanded its global presence by opening a new customer experience delivery center in Cape Town, South Africa. This move is part of the company's strategic expansion in Africa and contributes to the growth of its global delivery footprint.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:37 pm

SPY

USA retail inventories excluding automobiles for October decreased by 0.9% compared to a 0.4% increase in the prior month.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:30 pm

NDRA

Endra Life Sciences has been granted a new US patent for its TAEUS system technology. The patent covers a unique thermoacoustic probe design that incorporates an optical transducer and an integrated wedge. This innovation is expected to enhance the capabilities of the TAEUS system, which is used for assessing human tissue composition and function.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:05 pm

GLD

SPY

U.S. stock markets closed higher on Tuesday, with consumer discretionary shares leading gains and healthcare sector losses. The Conference Board's consumer confidence index rose, and home prices increased. Asia markets showed mixed performance, with Japan's Nikkei 225 and China's Shanghai Composite down, while Australia's S&P/ASX 200 gained. European markets were mostly up, with the STOXX 600, Germany's DAX, and France's CAC seeing gains, but the UK's FTSE 100 traded lower. Commodities saw crude oil prices rise and gold cross $2,000. U.S. futures were up in early trading, and the U.S. Dollar Index strengthened slightly.

Portfolio Pulse from Akanksha Bakshi

November 29, 2023 | 12:08 pm