Streetbeat News

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MUX

RIO

McEwen Copper, a subsidiary of McEwen Mining, has closed a $35M investment from Nuton, a Rio Tinto venture, as part of a private placement. This investment increases Nuton's stake in McEwen Copper to 17.2%. The funds will support the Los Azules copper project's feasibility study.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:53 am

BYON

Beyond is expected to reduce its fixed expense base by an annualized $65 million heading into 2025, which could improve its financial health and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:07 am

EDR

TKO

TKO Group is set to acquire Professional Bull Riders, On Location, and IMG from Endeavor in an all-equity deal valued at $3.25 billion, expected to close in the first half of 2025. This acquisition will expand TKO's presence in the premium sports market, complementing its UFC and WWE businesses. Endeavor will receive 26.14 million common units of TKO Operating Company, LLC, and an equal number of TKO's Class B common stock shares, resulting in Endeavor owning approximately 59% of TKO.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:01 am

BTCUSD

Economist Peter Schiff warns against holding cash due to inflation risks and predicts higher U.S. Treasury yields. He criticizes Bitcoin, advocating for gold as a stable investment.

Portfolio Pulse from Benzinga Neuro

October 24, 2024 | 8:46 am

GORO

Gold Resource Corporation reported a Q3 sale of 3,526 AuEq ounces, highlighting production shortfalls and an urgent need for capital to invest in mining equipment and upgrades.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:23 am

KW

CPP Investments and Kennedy Wilson have formed a joint venture to invest £1 billion in energy-efficient rental housing in the UK. CPP Investments will hold 90% and Kennedy Wilson 10% of the venture. The JV will focus on new-build housing in strong local economies.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:00 am

BCS

Barclays' 2024 outlook projects a Return on Tangible Equity (RoTE) of over 10%, with net interest income (NII) excluding investment banking and head office expected to exceed £11 billion. The bank anticipates a cost-to-income ratio of around 63% and plans for efficiency savings. The capital CET1 ratio is expected to remain within 13-14%.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 7:51 am

EQNR

Equinor plans to increase its renewable power generation by 50% year-over-year in 2024, with a projected capital expenditure of $12 billion to $13 billion.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 5:10 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a decline alongside stocks as Treasury yields climbed. Bitcoin's dominance increased, and total cryptocurrency liquidations reached $277 million. Analysts see promising signs if Bitcoin stays above $66,200.

Portfolio Pulse from Aniket Verma

October 24, 2024 | 2:45 am

TSLA

Tesla has maintained its Bitcoin holdings for the fifth consecutive quarter, with $184 million in digital assets reported in its latest earnings. The company holds 11,509 Bitcoins, valued at approximately $773 million at current market prices. Tesla's stock rose 12% in after-hours trading.

Portfolio Pulse from Aniket Verma

October 24, 2024 | 1:33 am