Streetbeat News

Regulatory

MBTC

Nocturne Acquisition Corporation has announced its intention to extend the deadline for completing its initial business combination by one month to January 5, 2024, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:33 pm

EWC

Fitch Ratings has indicated that Canada will face increased medium-term fiscal challenges, but the Fall Economic Statement will not have a major immediate impact on Canada's federal budget outlook for fiscal 2023/24.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:31 pm

EIS

SPY

VGK

U.S. Senate Majority Leader Chuck Schumer announced plans to bring the Israel Ukraine Bill to the Senate floor next week. This legislative move could have implications for U.S. foreign policy and defense-related stocks.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:23 pm

CABA

CREV

ICCM

PDD

SNES

THAR

U.S. stocks saw gains with the Dow Jones rising by 0.27%, NASDAQ by 0.12%, and S&P 500 by 0.07%. Consumer discretionary shares led the gains, while health care shares declined. Crude oil surged by 2.1%, and gold also rose. Carbon Revolution, PDD Holdings, and IceCure Medical saw significant stock price increases following positive news. Tharimmune's shares plummeted after pricing a public offering at $1 per share. SenesTech and Cabaletta Bio also experienced sharp declines in their share prices.

Portfolio Pulse from Lisa Levin

November 28, 2023 | 7:57 pm

CTVA

MMM

A U.S. appeals court reversed a lower court's decision, preventing 11.8 million Ohio residents from suing chemical companies like 3M Co, DuPont de Nemours, Corteva, and Chemours for PFAS contamination. The plaintiff could not prove the chemicals in his blood were from these companies or that they caused harm. This ruling is a significant win for the chemical industry, which faces global scrutiny over PFAS, known as 'forever chemicals' due to their persistence in the environment and human body.

Portfolio Pulse from Natan Ponieman

November 28, 2023 | 7:47 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) has received a subpoena from the CFTC requesting information on user accounts and transaction histories, potentially related to users' interactions with Bybit. Coinbase has informed affected users and is considering challenging the subpoena. No user data has been shared yet, and users are not required to take any action. Bybit, facing regulatory scrutiny, only recently implemented KYC protocols.

Portfolio Pulse from Murtuza Merchant

November 28, 2023 | 7:09 pm

SPY

A U.S. House Democratic lawmaker has introduced a resolution to force a vote on expelling Republican George Santos, who has been indicted.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:07 pm

DIA

GLD

IWM

NEM

PDD

QQQ

SPY

USO

U.S. stocks rebounded on Tuesday following dovish remarks from Federal Reserve officials, suggesting a potential slowdown in rate hikes if inflation continues to decline. Treasury yields and the U.S. dollar index fell, while gold prices surged to $2,040. The SPDR Gold Trust (GLD) and U.S. stock index ETFs like SPY, DIA, QQQ, and IWM saw gains. Utilities and energy sectors outperformed, while healthcare and biotech lagged. Newmont Corp. (NEM) and PDD Holdings Inc. (PDD) experienced significant stock price increases, while Micron Technology Inc. (MU) declined despite a positive outlook. Other assets like the United States Oil Fund (USO) and cryptocurrencies also saw gains.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 6:40 pm

ETHUSD

A total of 6,902.89 Ether (ETH) worth approximately $14.3 million was burned on Monday, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5th, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% per year, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -7.42% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 6:00 pm

GILD

Gilead Sciences has announced full cooperation with the U.S. FDA's request for data analysis related to an FDA inquiry, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:47 pm