Streetbeat News

Assets

HOOD

MSTR

Dogecoin (DOGE) experienced a 30% surge in the last 24 hours, reaching a price of $0.13 and a market cap of $18.3 billion, surpassing MicroStrategy and Robinhood in market capitalization. MicroStrategy's market cap is $16.34 billion, while Robinhood's is $13.95 billion. MicroStrategy recently invested in 3,000 Bitcoins, bringing its holdings to approximately 193,000 Bitcoins valued at around $11 billion. Dogecoin's futures open interest spiked by 54%, indicating a bullish sentiment among traders.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 11:06 am

SSNC

SS&C Technologies Holdings announced an increase in the SS&C GlobeOp Forward Redemption Indicator for February 2024 to 2.41%, up from 2.03% in January, indicating a higher rate of anticipated redemptions.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:06 am

WD

Walker & Dunlop has successfully arranged a $103 million refinancing deal for the New York City landmark, Casa Cipriani. This move is significant for the company as it showcases its capability in handling large-scale refinancing deals, potentially attracting more high-profile clients.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:02 am

DKL

Delek Logistics Partners has upsized its offering of senior notes to $650M at 8.625% due in 2029, from the initially announced $550M. The offering, closing on March 13, 2024, aims to fund the repurchase of 6.75% Senior Notes due 2025, repay term loan facility borrowings, and cover related expenses. Remaining proceeds will support general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:54 am

RDN

Radian has priced $625M in senior unsecured notes due 2029 with a 6.200% annual interest rate, payable semi-annually. The proceeds will be used to redeem 6.625% senior notes due March 2025 and for general corporate purposes, including potentially repaying 4.500% senior notes due October 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:50 am

BTCUSD

'Rich Dad Poor Dad' author Robert Kiyosaki praised Bitcoin's rally to $64,000, its highest since November 2023, attributing it to the cryptocurrency's integrity against the 'fake US dollar'. Bitcoin's value surged 9.5% in a day, the most significant leap since late October, amid growing interest in Bitcoin ETFs. Kiyosaki, a long-time Bitcoin advocate, has adjusted his Bitcoin price target to $150,000 following the SEC's approval of Bitcoin ETFs and revealed purchasing five more Bitcoins early in 2024.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 8:42 am

TPG

TPG has priced an offering of $400M 6.950% fixed-rate junior subordinated notes due 2064, with interest payable quarterly. The proceeds will be used to repay debt and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:38 am

BONKUSD

BTCUSD

DOGEUSD

SHIBUSD

Dogecoin, Shiba Inu, and BONK have emerged as top gainers among the top 100 cryptocurrencies, with Dogecoin predicted to surge 600% in price. The total market cap of the top 100 meme cryptocurrencies increased by 12.8% to $23.8 billion. Analyst Kaelo predicts a significant rise for Dogecoin against Bitcoin, suggesting a potential price of $0.63 for Dogecoin. Dogecoin's social dominance score also increased by 600%, indicating growing visibility and interest.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 8:25 am

VZ

Verizon Communications Inc. (VZ) announced an increase in the cap for its tender offers for five series of its debt securities. The maximum principal amount to be purchased has been raised from €1,500,000,000 to €1,981,215,000, excluding accrued coupon payments. This announcement follows the early participation results of the offers as of February 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:18 am

TSN

Tyson Foods has announced the pricing of $600 million 5.400% senior notes due 2029 and $900 million 5.700% senior notes due 2034, with the offerings expected to close on March 8, 2024. The net proceeds are intended for general corporate purposes, including retiring the 3.95% Notes due August 2024 and paying down other outstanding debt.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:02 am