Streetbeat News

Assets

LPLA

LPL Financial LLC has welcomed financial advisor Justin Lotano, who manages $250 million in assets, to its broker-dealer, RIA, and custodial platforms. Lotano joins from Wells Fargo Advisors Financial Network.

Portfolio Pulse from

March 05, 2025 | 2:15 pm

CCIF

OCCI

SPMC

The article discusses the shift in market dynamics in 2025, highlighting the vulnerabilities of previously strong stocks and the opportunities in high-yield CLO equity funds like SPMC, CCIF, and OCCI. These funds offer high-yield income that is uncorrelated to stock market performance, making them attractive during market downturns.

Portfolio Pulse from

March 05, 2025 | 2:15 pm

PBA

Pembina Pipeline (PBA) is highlighted for its strong financial stability and growth prospects in LNG/NGL exports. However, it faces risks from project delays, market fluctuations, and competition.

Portfolio Pulse from

March 05, 2025 | 2:00 pm

NEM

Newmont Corporation has completed the sale of its Musselwhite, Eleonore, and CC&V operations. The company plans to finalize the sale of its Akyem operation in Ghana and Porcupine operation in Canada by the first half of 2025.

Portfolio Pulse from

March 05, 2025 | 2:00 pm

TENX

Tenax Therapeutics has announced a $25 million private placement with RTW Investments, which will provide significant funding for the company's development of novel cardiopulmonary therapies.

Portfolio Pulse from

March 05, 2025 | 2:00 pm

TPET

Trio Petroleum Corp has extended its option period to acquire the remaining 17.75% working interest in the Asphalt Ridge Project to April 10, 2025, and its non-binding Letter of Intent to acquire Novacor's oil and gas assets to March 15, 2025.

Portfolio Pulse from

March 05, 2025 | 1:45 pm

BK

The Bank of New York Mellon Corporation (BNY) announced the redemption of its Floating Rate Callable Senior Bank Notes due in 2026, with a total principal amount of $500 million.

Portfolio Pulse from

March 05, 2025 | 1:45 pm

SEOVF

Sernova Biotherapeutics has secured a CAD$1 million convertible debt financing from Dr. Steven Sangha, a shareholder and board member. The funds will be used for working capital.

Portfolio Pulse from

March 05, 2025 | 1:15 pm

BP

BP has detected low-rate subsea gas bubbles at a well in its Greater Tortue Ahmeyim (GTA) project, located offshore between Mauritania and Senegal.

Portfolio Pulse from

March 05, 2025 | 1:00 pm

BX

Blackstone has received approval from council planners to proceed with a $13 billion 'hyperscale' data centre in North East England. This project marks a significant investment by the U.S. private equity group in the region.

Portfolio Pulse from

March 05, 2025 | 1:00 pm