Streetbeat News

Assets

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a significant increase in value, with over $100 million liquidated due to a surprise surge in Bitcoin's price. This coincides with the start of 'Uptober', a term used to describe the typically bullish trend of cryptocurrencies during October. The potential approval of a spot Bitcoin ETF by the SEC has also raised optimism in the crypto market. The global crypto market capitalization stands at $1.05 trillion, a 0.80% increase in the last day.

Portfolio Pulse from Mehab Qureshi

October 02, 2023 | 2:44 am

BTCUSD

ETHUSD

Crypto analyst Dave the Wave suggests that Ethereum (ETH) might soon outperform Bitcoin (BTC) in terms of long-term performance. He pointed out that the Ethereum-Bitcoin pair might be nearing the end of a significant wedge pattern, hinting at a potential upward breakout early next year. He also predicted that Bitcoin will continue to outpace traditional assets, like stock indices, for approximately another decade.

Portfolio Pulse from Bibhu Pattnaik

October 01, 2023 | 6:12 pm

HOUS

IYR

RDFN

RMAX

XLRE

The U.S. housing market has seen a significant appreciation in property values, likened to homeowners 'winning the lottery' by Zillow Group's chief economist, Skylar Olsen. The total valuation of the U.S. housing sector has reportedly jumped by nearly 50%, reaching $52 trillion. This has benefited homeowners looking to downsize, allowing them to sell their properties at a premium and buy smaller homes without accumulating more debt. Companies like Redfin Corp., Zillow Group, Anywhere Real Estate Inc., and RE/MAX Holdings, Inc. have been at the forefront of the real estate market. ETFs such as iShares U.S. Real Estate ETF and Real Estate Select Sector SPDR Fund offer diversified exposure to the industry.

Portfolio Pulse from Bibhu Pattnaik

October 01, 2023 | 12:37 pm

BTCUSD

COIN

ETHUSD

SHIBUSD

The past week saw significant developments in the cryptocurrency world, including a 1000% surge in the burn rate of Shiba Inu tokens, Robert Kiyosaki questioning Bitcoin's future following Citibank's blockchain technology announcement, two brothers becoming millionaires due to their investment in Shiba Inu, Ethereum co-founder Vitalik Buterin depositing 400 ETH into Coinbase amidst a market downturn, and Mark Yusko of Morgan Creek Capital Management expressing a bullish stance on Bitcoin's future.

Portfolio Pulse from Benzinga Neuro

October 01, 2023 | 1:02 am

BP Plc's top executive Dave Lawler is stepping down, marking another high-profile departure from the oil giant following the recent resignation of global chief executive Bernard Looney. Orlando Alvarez will reportedly succeed Lawler as the head of BP America. BP shares closed lower by 1.8% to $38.72 on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

September 30, 2023 | 8:37 pm

BLK

BTCUSD

Bitcoin is set to record its first quarterly drop for the year, having declined approximately 11% since June. The downturn follows a robust 83% ascent in the first half of 2023. The Federal Reserve's decision to keep interest rates stable has heightened investor apprehension, leading to declines in both traditional and digital asset markets. The US Securities and Exchange Commission recently postponed its verdict on Bitcoin ETF proposals from BlackRock Inc.

Portfolio Pulse from Bibhu Pattnaik

September 30, 2023 | 8:08 pm

ETHUSD

About 2,500 Ethereum (ETH), previously linked to an FTX account, started showing activity, raising eyebrows within the cryptocurrency community. The funds were split and transferred using various tools. This comes as Sam Bankman-Fried, who headed FTX, is preparing for a trial in the U.S. on allegations of fraud and conspiracy to commit fraud.

Portfolio Pulse from Bibhu Pattnaik

September 30, 2023 | 6:18 pm

CPCAY

EADSY

Airbus SE has received an order worth $4.66 billion from Hong Kong's Cathay Pacific Airways for an additional 32 Airbus A320neo Family aircraft. This doubles Cathay's total orders for the A320neo Family to 64, with 13 already delivered. The new aircraft are expected to be delivered by the end of 2029 and will serve routes connecting the Chinese mainland and various Asian destinations.

Portfolio Pulse from Nabaparna Bhattacharya

September 30, 2023 | 3:58 pm

PANW

Palo Alto Networks (NASDAQ:PANW) has outperformed the market over the past 10 years by 21.35% on an annualized basis, producing an average annual return of 31.16%. If an investor had bought $1000 of PANW stock 10 years ago, it would be worth $15,115.41 today.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 9:30 pm

DIS

SONY

THQQF

Trailers and promotional materials for the 'Star Wars: Knights of the Old Republic' remake have been removed from the internet, sparking concerns about the project's future. Sony Group Corp. (NYSE:SONY) attributed the removal to music licensing issues. The game, initially developed by Aspyr, failed to impress Lucasfilm (NYSE:DIS) and Sony, leading to a pause in development and a shift to Saber Interactive, a subsidiary of Embracer Group AB (OTC:THQQF). The release date remains uncertain, with potential delays until 2025.

Portfolio Pulse from Franca Quarneti

September 29, 2023 | 9:22 pm