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SPY

A ransomware attack on China's ICBC has disrupted the U.S. Treasury market. The attack has caused a significant delay in the bank's operations, affecting its ability to trade U.S. Treasury bonds. This has led to a temporary imbalance in the market.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 6:38 pm

GILD

Deep-pocketed investors have shown a bullish approach towards Gilead Sciences (NASDAQ:GILD), with significant options activity observed. The options market shows a divided sentiment among these investors, with 50% leaning bullish and 50% bearish. The targeted price range for Gilead Sciences over the last 3 months is from $65.0 to $92.5. The company's current trading volume stands at 4,329,152, with its price down by -0.45%, positioned at $77.55. An analyst from Deutsche Bank downgraded its action to Hold with a price target of $75.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 6:32 pm

BMY

Deep-pocketed investors have shown a bullish approach towards Bristol-Myers Squibb (NYSE:BMY), with significant options activity observed. The trading volumes and Open Interest suggest that the major market movers are focusing on a price band between $50.0 and $55.0 for Bristol-Myers Squibb. The company's stock is currently trading at $52.64, up by 0.42%.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 6:32 pm

BTCUSD

Bitcoin experienced a rapid surge, surpassing $36,000 and $37,000, due to a short squeeze that liquidated over $1.56 million in short positions. However, the market soon took a nosedive, causing Bitcoin to drop to the 35,700 level. This led to a long squeeze, liquidating up to $17 million in long positions and erasing approximately $1 billion in open interest. Bitcoin's market cap gained almost 3.1%, and trading volume increased around 120%.

Portfolio Pulse from Vandana Singh

November 09, 2023 | 6:26 pm

SPY

U.S. Treasury yields have risen across the board following a 30-year auction, with the 10-year yield increasing by 13.20 basis points to 4.640%.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 6:07 pm

SPY

The U.S. Treasury 30-year yield has extended its rise following a 30-year bond auction, with the last increase being 1.3 basis points, reaching 4.796%.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 6:05 pm

BLK

BTCUSD

ETHUSD

BlackRock Advisors, a division of BlackRock (NYSE:BLK), has registered an iShares Ethereum Trust in Delaware. This follows BlackRock's earlier filing for a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC) and the registration of its iShare Bitcoin Trust. The potential filing of a spot Ethereum ETF by BlackRock has been a topic of speculation among industry experts. Despite the SEC’s current stance, which has yet to approve the first Bitcoin ETF offering in the country, BlackRock has consistently expressed optimism about the asset’s potential.

Portfolio Pulse from Murtuza Merchant

November 09, 2023 | 6:02 pm

ETHUSD

On Wednesday, 6,915.13 Ether (ETH) worth $14,014,280 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -7.45%.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 6:00 pm

MAT

Mattel has announced that it will discontinue production at its plant in China as part of cost-saving measures not included in its program to optimize manufacturing footprint, according to a SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 5:49 pm

SOLUSD

Matthew Sigel, a digital asset strategist at VanEck, will share his crypto outlook at Benzinga's Future of Digital Assets conference. Sigel's research includes Bitcoin, smart contract platforms, and emerging market crypto. He recently co-wrote a report on Solana (CRYPTO: SOL), predicting $8 billion in revenues for Solana token holders by 2030. He also noted Solana's 340% surge in 2023, outperforming Bitcoin's 114% rise.

Portfolio Pulse from Stjepan Kalinic

November 09, 2023 | 5:44 pm