Streetbeat News

Assets

FYBR

Frontier Communications has expanded its fiber network to an additional 332,000 locations in Q3. This is part of the company's ongoing efforts to increase its fiber footprint.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:01 am

GOOS

Canada Goose has appointed Neil Bowden as its new CFO and Jonathan Sinclair as President of APAC. The changes in the executive team are expected to drive the company's growth strategy.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:46 am

WDC

Western Digital has priced its upsized offering of $1.4 billion aggregate principal amount of convertible senior notes due 2028, reflecting an increase of $100 million over the previously announced offering size.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:12 am

EWU

The U.K. Nationwide House Price Index (HPI) for October shows a year-on-year decrease of 3.3%, which is better than the estimated 4.8% decrease and the prior 5.3% decrease.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:02 am

EWU

The U.K. Nationwide House Price Index (HPI) for October has shown a 0.9% increase, significantly outperforming the estimated -0.4% and the revised prior of 0.1%.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:01 am

BTCUSD

MSTR

The US government, one of the largest Bitcoin holders, has missed out on potential gains of over $6 billion due to premature selling of the cryptocurrency, according to data from Glassnode. The Department of Justice (DOJ) and the Internal Revenue Service (IRS) have seized large amounts of Bitcoin through legal proceedings. Despite this, the DOJ has often sold its holdings prematurely. The DOJ holds more Bitcoin than any other entity, surpassing even MicroStrategy Inc., which has the largest corporate Bitcoin treasury.

Portfolio Pulse from Benzinga Neuro

November 01, 2023 | 6:59 am

BTCUSD

FLOKIUSD

Floki's protocol’s token, TokenFi (TOKEN), has surged by 40% amid controversy surrounding market manipulation. The teams behind the Floki protocol and Bitget crypto exchange have accused each other of market manipulation surrounding the listing. Floki’s team claims that Bitget listed the token before its official launch, while Bitget accused the Floki team of suspected market manipulation by exerting control over the initial liquidity and delisted the token.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 5:59 am

BTCUSD

SOLUSD

SkyBridge Capital, founded by Anthony Scaramucci, reported record-breaking monthly returns in October, largely due to investments in Bitcoin and Solana. However, the company's reputation suffered due to its association with Sam Bankman-Fried, the former CEO of crypto exchange FTX, who is currently facing trial for fraud and misuse of customer funds. FTX's venture arm acquired a 30% stake in SkyBridge in September 2020, which Scaramucci plans to repurchase, subject to bankruptcy court approval.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 4:59 am

BA

Boeing Co (NYSE:BA) has abandoned its plans to operate a satellite constellation in low Earth orbit, similar to SpaceX's Starlink. Boeing had received approval for a 147-member V-band satellite constellation in November 2021, but has now given up its license and paid a $2.2 million forfeiture fee to the FCC. Boeing is also struggling with its Starliner spacecraft, with the first crewed flight pegged for 2024, while SpaceX is preparing for its eighth operational crew rotation to the ISS.

Portfolio Pulse from Anan Ashraf

November 01, 2023 | 2:58 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies had a mixed performance on Tuesday, with investors optimistic about potential approval of Bitcoin ETFs in the US. Bitcoin experienced its strongest monthly rally since January, surging more than 27% to reach a 17-month high of $35,000. The market is currently anticipating the Federal Reserve’s upcoming interest rate decision. Bitcoin ETFs could significantly impact bitcoin due to their accessibility for the average investor. Crypto analyst Michael Van De Poppe suggests that altcoins are experiencing an upward correction, while Bitcoin shows ongoing strength.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 2:46 am