Streetbeat News

Assets

ERII

Energy Recovery has appointed Michael Mancini as its new Chief Financial Officer, effective August 5, 2024. Mancini brings extensive operational and capital markets experience to the role.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:45 pm

HST

Host Hotels & Resorts, Inc. (NASDAQ:HST) has acquired the 1 Hotel Central Park for approximately $265 million in cash. The acquisition is expected to significantly enhance Host's portfolio, with the property projected to be among the company's top-10 assets based on 2024 estimates.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:31 pm

ALB

Albemarle has announced a comprehensive review of its cost and operating structure, including changes at its Kemerton lithium hydroxide conversion site in Australia. The company will stop construction at Train 3, idle production at Train 2, and focus on ramping up Train 1.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:21 pm

META

Meta Platforms, Inc. (META) has updated its FY24 capital expenditures forecast to be in the range of $37 billion to $40 billion, up from the previous range of $35 billion to $40 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:09 pm

IVA

Inventiva reported preliminary H1 2024 cash and cash equivalents at €10.1 million as of June 30, 2024, with no revenues recorded. This is a significant decrease from €26.9 million in cash and equivalents at the end of 2023. On July 18, 2024, Inventiva issued royalty certificates subscribed by Samsara BioCapital and existing shareholders for approximately €20.1 million.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:02 pm

USDTUSD

Tether Holdings reported a record $5.2 billion profit for the first half of 2024, with a net operating profit of $1.3 billion in Q2. The company's financial strength is attributed to its investments in U.S. Treasuries, with ownership reaching over $97.6 billion. Tether issued more than $8.3 billion in USDT in Q2, further solidifying its financial position.

Portfolio Pulse from Khyathi Dalal

July 31, 2024 | 6:52 pm

BTCUSD

MoonPay President Keith Grossman criticizes the U.S. Government's potential sale of Bitcoin to address the national debt, arguing it is a short-sighted move. He emphasizes that cryptocurrency should be properly regulated and not politicized.

Portfolio Pulse from Khyathi Dalal

July 31, 2024 | 6:10 pm

ADPV

CEG

FTWO

UTES

VST

Vistra Corp. (NYSE:VST) and Constellation Energy Corporation (NASDAQ:CEG) shares are trading higher following the release of PJM Interconnection's annual power market auction results, which showed a significant increase in capacity prices. Additionally, Vistra received approval to extend the operation of its Comanche Peak Nuclear Power Plant through 2053.

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 5:48 pm

AAPL

AMD

ARM

CLSK

MU

NVDA

QCOM

RIOT

TSM

TXN

The article highlights unusual options activity in the Information Technology sector, focusing on call and put options for various companies. Notable mentions include NVDA, AMD, AAPL, ARM, CLSK, MU, QCOM, RIOT, TXN, and TSM, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 5:35 pm

AMT

COR

Stonepeak and CoreSite have formed a joint venture to develop an 18MW data center in Denver. Stonepeak holds 85% equity, while CoreSite holds 15%. CoreSite will operate the DE3 facility, and the investment is made through the Stonepeak Opportunities Fund.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:42 pm