Streetbeat News

Assets

BLK

BNBUSD

BTCUSD

ETHUSD

Changpeng Zhao's resignation as CEO of Binance, following a U.S. Justice Department investigation, is seen as an opportunity for traditional financial institutions like BlackRock to dominate the Bitcoin and Ether ETF markets. Industry experts believe Zhao's departure marks the end of an era but also a positive step towards regulatory standards and sustainable crypto adoption. The anticipated approval of a Bitcoin ETF could signal a new growth phase for cryptocurrencies. Binance's $4 billion settlement is viewed as significant, though opinions on the impact of Zhao's exit on Binance itself are mixed.

Portfolio Pulse from Murtuza Merchant

November 21, 2023 | 7:12 pm

SPY

The FOMC minutes revealed that officials believe it is 'critical' to maintain a restrictive monetary policy stance to bring inflation back to the 2% target. All officials agreed that policy should remain restrictive until there is clear evidence of inflation decreasing.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:04 pm

LULU

Over the past 15 years, Lululemon Athletica (NASDAQ:LULU) has produced an average annual return of 35.01%, outperforming the market by 23.54% on an annualized basis. A $1000 investment in LULU stock 15 years ago would be worth $97,372.46 today. Lululemon Athletica currently has a market capitalization of $54.58 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 7:00 pm

ETHUSD

Ethereum (CRYPTO: ETH) has seen a 3.48% price drop in the last 24 hours, continuing a negative trend from the past week. Despite a slight decrease in trading volume and circulating supply, Ethereum maintains its position with a market cap of $237.05 billion, ranking #2 in market cap.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 7:00 pm

MATICUSD

Polygon's cryptocurrency, MATIC, has seen a significant price drop of 9.32% in the last 24 hours, continuing a weekly decline of 12%. The current price is $0.74. The volatility of MATIC is highlighted by the widening of Bollinger Bands on its price charts. Trading volume has decreased by 62% over the past week, and the circulating supply has slightly decreased by 0.68%. MATIC's market cap is now ranked #14, valued at $6.89 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 7:00 pm

BNBUSD

BNB (CRYPTO: BNB) has seen a 6.68% price drop over the past 24 hours, now at $239.26, despite a 3.0% increase over the past week. The trading volume surged by 180.0%, while the circulating supply decreased by 1.53%. BNB's market cap is currently ranked #4 at $36.91 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 7:00 pm

ITW

Illinois Tool Works (NYSE:ITW) has delivered an average annual return of 14.07% over the past 15 years, outperforming the market by 2.61% on an annualized basis. A $100 investment in ITW 15 years ago would be worth $752.07 today. The company currently has a market cap of $72.10 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 6:30 pm

BBY

DIA

IWM

KSS

LOW

NVDA

QQQ

SPY

Stocks edged down ahead of the release of the FOMC minutes and Nvidia's earnings report. Disappointing results from Lowe's, Kohls, and Best Buy influenced market sentiment. Gold prices surged past $2,000 per ounce due to the dollar's weakness. Sector ETFs saw mixed performance, with healthcare and materials up, while tech and real estate were down. Agilent Technologies rose after earnings, while AMC hit a new low. Other companies are set to report earnings after market close. USO, TLT, and global equity ETFs like FEZ saw slight declines, while ARGT dropped after a previous rally. Cryptocurrencies Bitcoin and Ethereum also fell.

Portfolio Pulse from Piero Cingari

November 21, 2023 | 6:23 pm

BTCUSD

ETHUSD

SPY

Prosecutors have reported that Binance, a major cryptocurrency exchange, has agreed to a $2.51 billion order of forfeiture. This news could have significant implications for the cryptocurrency market and related assets.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 6:19 pm

VRTX

Vertex Pharmaceuticals (NASDAQ: VRTX) has delivered an average annual return of 20.31% over the past 20 years, outperforming the market. A $100 investment in VRTX 20 years ago would be worth $4,039.36 today. The company's market capitalization stands at $92.18 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 6:00 pm