Streetbeat News

Regulatory

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

EWA

Australia's Building Approvals for October showed a significant increase of 7.5% month-over-month, surpassing the estimated 1.4%. This is a notable rebound from the previous month's revised figure of -4%.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 5:53 am

BTCUSD

DOGEUSD

ETHUSD

The cryptocurrency market saw mixed results, with Bitcoin (BTC) slightly up, Ethereum (ETH) down, and Dogecoin (DOGE) up. The race for a Bitcoin ETF is heating up with 13 entrants, including Pando, BlackRock, ARK Invest, and Grayscale. The FTX estate received approval to sell trust assets worth $873 million. The global crypto market cap increased by 2.47% to $1.43 trillion. U.S. economic data showed stronger Q3 growth than expected, which could influence the December Fed meeting. Analysts predict a potential breakout for Bitcoin above $38K, while Altcoins may rally after an initial drop in BTC.

Portfolio Pulse from Mehab Qureshi

November 30, 2023 | 2:52 am

AYRWF

HITI

New York's cannabis retail landscape is expanding with new dispensaries opening, including Dazed Cannabis in Union Square and Good Grades in Queens. The Shinnecock Indian Nation opened Little Beach Harvest, a tribally-owned dispensary in Southampton. In Ohio, AYR Wellness Inc. opened AYR Dispensary Dayton, capitalizing on the state's recent legalization of adult-use cannabis. High Tide Inc. continues its expansion in Canada, opening two more Canna Cabana stores and acquiring assets in Vancouver.

Portfolio Pulse from Jelena Martinovic

November 30, 2023 | 1:39 am

GOOG

GOOGL

META

Google has reached a deal with the Canadian government to pay $74 million annually to the Canadian news sector, averting a news block in Canada. The agreement is in response to the proposed Online News Act (Bill C-18), which would require digital platforms to compensate local publishers for news content. While Google has complied, Meta Platforms Inc. continues to block news content on Facebook and Instagram in Canada.

Portfolio Pulse from Ananya Gairola

November 30, 2023 | 1:31 am

COIN

Swiss asset management firm Pando Asset AG has filed an S-1 registration statement for a spot Bitcoin ETF, aiming to list it on Nasdaq under the symbol PBC. The Bank of New York Mellon (BK) is to be the administrator, while Coinbase (COIN) is the custodian. Pando acknowledges competitive risks, including the potential for inadequate liquidity and the challenge of accumulating significant assets. The SEC has over 10 pending Bitcoin ETF applications from companies like BlackRock (BLK), Fidelity, and Ark Invest.

Portfolio Pulse from Murtuza Merchant

November 30, 2023 | 12:49 am

OCEA

Ocean Biomedical received a notice from Nasdaq due to the late filing of its quarterly report on Form 10-Q. The company is restating its financial statements for Q1 and Q2 of 2023 and must submit a compliance plan by January 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:43 pm

TMBR

Timber Pharmaceuticals announced the start of delisting proceedings from the NYSE American. Its common stock is expected to trade on the OTC market following the delisting.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:27 pm

ARKK

GLD

MAGS

QQQ

TLT

The Bureau of Economic Analysis is set to release the October Personal Consumption Expenditure (PCE) index, the Fed's preferred inflation gauge. Investors anticipate a decrease in the year-on-year headline PCE from 3.4% to 3% and a month-over-month increase of 0.1%. The core PCE is expected to show a year-on-year increase of 3.5% and a month-over-month increase of 0.2%. The CME Group’s FedWatch tool indicates a 78% probability of a rate increase by May 2024 and up to five rate cuts by December 2024. ETFs to watch include TLT, QQQ, GLD, ARKK, and MAGS, which have shown strong performance this month.

Portfolio Pulse from Piero Cingari

November 29, 2023 | 9:57 pm