Streetbeat News

Regulatory

GBTC

At Benzinga's Future of Digital Assets event, Bitwise's Matt Hougan highlighted the potential impact of a Bitcoin ETF, comparing it to the transformative effect of gold ETFs. Grayscale's Brooke Stoddard discussed the Grayscale Bitcoin Trust's evolution towards an ETF. WisdomTree's Ryan Louvar emphasized the diversification benefits of Bitcoin, and Invesco's Todd Kuehl spoke on regulatory challenges. The market has yet to fully price in the significance of a Bitcoin ETF approval.

Portfolio Pulse from Murtuza Merchant

November 14, 2023 | 9:57 pm

POL

Polished.com Inc. (POL) has delayed the release of its Q3 2023 financial results, originally scheduled for November 14, 2023. The company needs more time to finalize disclosures in its quarterly report and now plans to release results and conduct an investor conference call on November 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:53 pm

LLY

PNT

Eli Lilly and Company (LLY) has received consent from the Nuclear Regulatory Commission (NRC) for its proposed acquisition of POINT Biopharma (PNT). This regulatory consent is a significant step towards completing the acquisition process.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:35 pm

VWE

VWE has announced the withdrawal of its fiscal 2024 guidance due to a review of the business being conducted by Mr. Kaufman.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:19 pm

EWY

SPY

North Korea has tested a new solid-fuel engine for an intermediate ballistic missile, according to a report by Reuters citing KCNA. This development may raise geopolitical tensions in the region.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:16 pm

CCL

Carnival Corporation (NYSE:CCL) stock rose on Tuesday due to overall market strength following the release of softer-than-expected October CPI data, which has reduced concerns about further Fed rate hikes. The travel and leisure sector, including Carnival, may benefit from the upcoming holiday travel season. The U.S. annual CPI inflation rate decreased from 3.7% in September to 3.2% in October, which could lead to less aggressive interest rate hikes by the Federal Reserve, potentially easing borrowing costs for companies like Carnival and boosting consumer spending on travel and leisure services.

Portfolio Pulse from Ryan Gustafson

November 14, 2023 | 9:14 pm

MAQC

Maquia Capital Acquisition Corporation (NASDAQ:MAQC), a SPAC, has filed a registration statement with the SEC for a proposed business combination with Immersed Inc., a provider of enterprise AI productivity solutions. The combined entity will be named 'Immersed Inc.' and will list on Nasdaq under the ticker 'AIMR'. Immersed has over 730,000 unique users and users spent 20 million minutes on its application in Q3 2023. The deal sets Immersed's pre-money enterprise value at $150 million and is expected to close in the first half of 2024, subject to approvals.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:03 pm

BTCUSD

ETHUSD

Keith Grossman, at the Benzinga Fintech Awards, expressed optimism about the future of cryptocurrency regulation, emphasizing the need for responsible regulation, cleaning up the space, and ensuring consumer protection and safety.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:56 pm

ADV

AMCX

ATUS

ROKU

TTD

Shares of companies in the communication, media, and entertainment sectors are up due to positive market sentiment following October's softer-than-expected inflation data. This data suggests there may be less need for aggressive interest rate hikes by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:54 pm