Streetbeat News

Assets

FXI

China's year-on-year exports for October fell by 6.4%, which is worse than the estimated 3.3% and the previous 6.2%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:04 am

BBJP

DXJ

EWJ

Japan's household spending for September fell by 2.8% year-on-year, slightly worse than the estimated 2.7% and the prior 2.5%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 5:58 am

BBJP

DXJ

EWJ

Japan's household spending for September increased by 0.3%, beating the estimated decrease of -0.4% and significantly improving from the prior figure of 3.9%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 5:58 am

BSVUSD

COIN

Coinbase Global Inc (NASDAQ:COIN) has announced that it will be completely removing support for Bitcoin SV (CRYPTO: BSV). If users fail to withdraw their BSV funds, any remaining BSV in their Coinbase accounts will be liquidated. This decision came after BSV's underlying blockchain suffered a “51% attack,” causing the network to become unstable. Since then, Coinbase users have been unable to buy or sell BSV, although they can still hold the cryptocurrency in their wallets on the platform.

Portfolio Pulse from Mehab Qureshi

November 07, 2023 | 3:54 am

GBTC

Ark Invest, led by Cathie Wood, has purchased $5.6 million worth of shares in Block Inc (NYSE:SQ) and sold $3.76 million worth of Grayscale Bitcoin Trust ETF (OTC:GBTC) shares. The move aligns with Wood's investment philosophy of focusing on innovative companies poised for growth.

Portfolio Pulse from Benzinga Neuro

November 07, 2023 | 3:42 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a surge on Monday evening, driven by the anticipation that the Federal Reserve may halt its rate hikes due to weaker U.S. jobs data. The global crypto market cap currently stands at $1.32 trillion. Stocks also continued their upward momentum on Monday, with the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average all making gains. Crypto analysts suggest that Bitcoin may be poised for an unexpected bull run that could extend into the next year.

Portfolio Pulse from Mehab Qureshi

November 07, 2023 | 2:54 am

BTCUSD

Crypto experts believe that the recent surge in Bitcoin prices is driven by macroeconomic factors, not just by the anticipation of spot ETF approval. Factors such as the rise in jobless rate, slower wage growth, and slower job creation could prevent the Federal Reserve from hiking up interest rates, which could be positive for risk assets like cryptocurrencies. Bitcoin prices have seen a 1.8% increase since Nov.3 and a 25% gain in the past month. Major companies including BlackRock, DTCC, OCC, State Street, Société Générale, Hedera, Citi, BMO, Northern Trust, Citibank, Amazon, S&P Global, Google, Invesco, and Moody’s will join Benzinga for Fintech Deal Day and Future of Digital Assets events.

Portfolio Pulse from Khyathi Dalal

November 06, 2023 | 11:48 pm

ADAUSD

BTCUSD

ETHUSD

LINKUSD

MATICUSD

SOLUSD

Digital asset investment products have recorded a sixth consecutive week of inflows, amassing a total of $767 million, surpassing the entire inflow of $736 million observed in 2022. Bitcoin captured the majority of these inflows, with $229 million. Ethereum, after facing a tough year with outflows totaling $107 million, has witnessed its largest inflow since August 2022, with $17.5 million. Altcoins such as Solana, Chainlink, Polygon, and Cardano also experienced inflows.

Portfolio Pulse from Murtuza Merchant

November 06, 2023 | 11:43 pm

CRGY

Crescent Energy has reaffirmed its capital expenditure for FY23 to be between $530M and $580M.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:41 pm

BLDP

Ballard Power Systems has announced orders for 62 hydrogen fuel cell engines to power Solaris buses in Europe. The majority of the fuel cell engines are expected to be delivered in 2024. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:32 pm