Streetbeat News

Acquisitions Mergers

GHLD

Guild Mortgage has acquired First Centennial Mortgage, a privately held residential mortgage lender based in Illinois. The terms of the deal were not disclosed. First Centennial Mortgage was founded by Steven and David McCormick in 1995.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 10:01 am

DIDI

XPEV

XPeng Inc is partnering with DiDi Global Inc to promote the adoption of Smart EVs and technologies. Additionally, XPeng is considering acquiring Didi's EV unit in a deal that could be worth up to $744M.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 9:58 am

AAPL

GOOGL

QQQ

Google's acquisition of Android in 2005 for $50 million has proven to be a highly profitable move. Android now holds a 70.9% share of the mobile operating system market, compared to Apple's 28.36%. Android apps and services generate revenue for Alphabet, Google's parent company, through the Google Play Store. Additionally, Android helps Google avoid costs for being the default search engine of any other OS. An investment of $1,000 in Alphabet on the day of the Android acquisition would now be worth $22,689.2, a return of 2,270% over 18 years.

Portfolio Pulse from Shanthi Rexaline

August 28, 2023 | 9:54 am

BENF

BETR

DOMO

IDEX

SCLX

TSHA

Several US stocks recorded losses in Monday's pre-market trading session. These include Better Home & Finance Holding Company (BETR), which dipped 15.1% following its business combination with Aurora Acquisition. Ideanomics (IDEX) tumbled 8.8% after reporting Q2 results. Scilex Holding Company (SCLX) declined 4.3% after a 4% fall on Friday. Domo (DOMO) fell 4.2% after issuing a below-consensus Q3 outlook and lowering FY24 guidance. Beneficient (BENF) fell 3.3% after a 15% jump on Friday due to the completion of System and Organization Controls certifications. Taysha Gene Therapies (TSHA) fell 3.2% after a 5% decline on Friday following the FDA's Fast Track Designation to TSHA-102.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 9:43 am

BKI

ICE

Intercontinental Exchange (ICE) and Black Knight (BKI) have entered into an agreement containing consent orders with the Bureau of Competition of the Federal Trade Commission regarding ICE's pending acquisition of Black Knight.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 8:33 am

BYDIF

BYDIY

JBL

Jabil has entered a preliminary agreement for the potential sale of its Mobility Business to BYD Electronic for $2.2 billion.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 5:40 am

BTCUSD

DOGEUSD

ETHUSD

XRPUSD

Elon Musk is reportedly in discussions with top Wall Street executives about transforming X (formerly Twitter) into a new payment system similar to an updated version of PayPal. This comes as PayPal recently introduced its own stablecoin, PYUSD. Musk has denied rumors that X would launch its own cryptocurrency to compete with popular coins like Bitcoin, Ethereum, and XRP, and has instead expressed his support for Dogecoin.

Portfolio Pulse from Mehab Qureshi

August 28, 2023 | 3:32 am

UBS

Credit Suisse, a subsidiary of UBS, Inc. (NYSE:UBS), reported a Q2 loss of $4 billion, in line with its April forecast. The loss is attributed to its exit from non-core businesses, restructuring, and financing costs. UBS had previously announced a deal to take over Credit Suisse for 3 billion Swiss francs ($3.25 billion) after the latter suffered from rapid client withdrawal of funds and a spike in its credit default swaps.

Portfolio Pulse from Shanthi Rexaline

August 27, 2023 | 3:58 pm

DWAC

Former President Donald Trump has returned to Twitter, now rebranded as X, after Elon Musk lifted the ban on his account. Trump's return could impact the 2024 presidential election as he has more followers than all his GOP opponents combined. Trump Media & Technology Group, which owns Truth Social, a platform Trump had exclusivity with, is attempting to merge with Digital World Acquisition Corporation (NASDAQ:DWAC).

Portfolio Pulse from Chris Katje

August 26, 2023 | 5:42 pm

AMGN

ATVI

HZNP