Streetbeat News

Regulatory

USO

OPEC+ is considering a proposal where Saudi Arabia would extend its voluntary 1 million barrels per day (B/D) cut, along with additional cuts from other members, as reported by Reuters citing two delegates.

Portfolio Pulse from Charles Gross

November 30, 2023 | 11:19 am

BLK

SEC Chair Gary Gensler declined to comment on the prospects of a spot Bitcoin ETF at the Healthy Markets Association conference. He emphasized the SEC's 'time-tested process' and did not 'pre-judge' pending applications. Asset management firms like BlackRock Inc. and Fidelity Investments have applied to launch such ETFs. Gensler reiterated his view of Bitcoin as a commodity and supported more authority for the CFTC over crypto, while cautioning investors about the sector's risks.

Portfolio Pulse from Mehab Qureshi

November 30, 2023 | 11:11 am

META

VGK

According to the Wall Street Journal, Meta is planning to launch its Threads app in the European Union in December. This move could be significant for the company's expansion and presence in the EU market.

Portfolio Pulse from Charles Gross

November 30, 2023 | 10:33 am

BTCUSD

An unidentified Bitcoin wallet has acquired 11,268 BTC, worth about $424 million since November 10, ranking it as the 74th largest BTC holder. The purchases were made at prices between $36,000 to $38,000, leading to an unrealized profit of approximately $9.8 million with BTC's current price just below $38,000. Speculation suggests the wallet could be linked to a U.S. asset management firm anticipating a spot Bitcoin ETF approval, but there is no evidence to confirm this. A spot ETF approval could potentially create trillions in value, with demand estimated between $20 billion to $30 billion.

Portfolio Pulse from Benzinga Neuro

November 30, 2023 | 10:19 am

AHI

Advanced Health Intelligence Ltd (NASDAQ:AHI) announced it will launch a mobile phone-based Atrial Fibrillation (AF) assessment service in Q2 2024. The service is part of an expansion of the company's Biometric Health Assessment suite, following a binding agreement with Qompium NV. The AF-Scan application is medically approved in multiple regions, including the USA, and aims to address the global prevalence of AF, which affects approximately 60 million people and significantly increases the risk of stroke.

Portfolio Pulse from Charles Gross

November 30, 2023 | 10:17 am

VGK

Eurozone's November CPI increased by 2.4% year-over-year, which is lower than the estimated 2.7% and the previous 2.9%.

Portfolio Pulse from Charles Gross

November 30, 2023 | 10:02 am

EWG

Germany's unemployment rate for November was reported at 5.9%, slightly higher than the estimated 5.8% and the previous month's rate of 5.8%.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:56 am

BMWYY

MBGAF

Mercedes-Benz Group China Ltd. (MBGAF) and BMW Brilliance Automotive Ltd. (BMWYY) have announced a 50:50 joint venture in China to establish a high-speed charging network for electric vehicles. The network will consist of at least 1,000 high-power charging stations with around 7,000 charging piles, launching in 2024. The service will offer exclusive features for Mercedes-Benz and BMW customers and aims to use renewable energy sources. The venture is pending regulatory approval.

Portfolio Pulse from Benzinga Neuro

November 30, 2023 | 8:00 am

EWQ

France's Harmonised Index of Consumer Prices (HICP) showed a preliminary monthly decrease of 0.3%, which is lower than the estimated 0.1% decrease and the prior month's increase of 0.2%.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:50 am

MEDS

TRxADE Health has received a notice from Nasdaq for not complying with the listing rules due to a delay in filing its quarterly report (Form 10-Q). The company has 60 days to submit a plan to regain compliance and may receive up to 180 days from the original due date to file the report and comply with Nasdaq's rules. TRxADE Health is working to complete and file the Form 10-Q as soon as possible.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:56 am