Streetbeat News

Assets

DJT

Donald Trump's net worth has decreased by $1.9 billion due to a significant drop in Trump Media & Technology Group Corp (NASDAQ:DJT) stock. DJT shares fell 11.72% on Thursday, following a 22% decline on Wednesday. The stock's volatility is linked to Trump's election prospects, with a potential Trump victory possibly increasing the stock's value.

Portfolio Pulse from Benzinga Neuro

November 01, 2024 | 8:38 am

RWAY

Mount Logan has acquired a minority stake in Runway Growth Capital for $5 million in shares, while BC Partners Credit has agreed to acquire a majority stake. This acquisition aims to expand Runway's origination channels and capital availability, benefiting both Mount Logan and existing Runway investors.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:33 am

BAM

Brookfield has announced a realignment of its corporate structure, aiming to unlock value in its asset management division. This move is expected to broaden its shareholder base and increase its reach in various indices.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:02 am

COIN

MSTR

Peter Schiff criticizes MicroStrategy's $42 billion Bitcoin investment strategy, likening it to a market trap. MicroStrategy plans to fund this investment by issuing $21 billion in debt and $21 billion in equity over three years. Coinbase also holds a significant cryptocurrency portfolio.

Portfolio Pulse from Ananya Gairola

November 01, 2024 | 6:54 am

NINE

Nine Energy Service has announced its capital expenditure guidance for FY2024, which is set between $10 million and $15 million.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 9:08 pm

EOSE

Eos Energy Enterprises, Inc. has achieved the second set of performance milestones related to Cerberus Capital Management's strategic investment, allowing it to draw an additional $65 million from a Delayed Draw Term Loan.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:12 pm

INTC

Intel has announced a series of cost and capital reduction initiatives, expecting to recognize $3 billion in restructuring charges related to these actions.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:10 pm

CTRA

Coterra Energy has adjusted its 2024 financial and production guidance. The company lowered its capital expenditures to $1.75B-$1.85B and increased its oil, natural gas, and BOE production guidance. It also provided estimates for discretionary and free cash flow.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:09 pm

ONTO

Onto Innovation has acquired Lumina Instruments Inc., which is expected to expand its addressable market by approximately $250 million.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:08 pm

MOLN

Molecular Partners reiterates its FY24 guidance for total expenses of CHF 65–70 million, with CHF 7 million in non-cash costs. The company has CHF 143.6 million in cash and no debt, expecting to be funded into 2027. It raised USD 20 million through a US offering of ADSs, with plans to use proceeds for its radiopharmaceutical pipeline.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:07 pm