Streetbeat News

Assets

SCHW

Schwab's total client assets reached $8.5 trillion at the end of the year, marking a 21% increase. In December, Schwab saw more than $40 billion in core net new assets, which translates to an annualized growth rate of 6%.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 12:33 pm

HYMTF

Hyundai Motor Company has sold its Chongqing factory in China for 1.62 billion yuan ($225 million), below the initially listed price of 3.68 billion yuan. The sale to Chongqing Liangjiang District Yufu Industrial Park Construction Investment Ltd. is part of Hyundai's strategy to reevaluate its operations in China's challenging auto market. Despite being the largest market, China accounted for only 5% of Hyundai and Kia's Q3 sales. The lower sale price was a strategic decision to speed up the process.

Portfolio Pulse from Shivani Kumaresan

January 17, 2024 | 11:17 am

ALPP

Alpine 4 Holdings has entered into an asset purchase agreement with Bright-MSM Newcom for the sale of certain assets and the assumption of specific liabilities by Bright.

Portfolio Pulse from Charles Gross

January 17, 2024 | 11:14 am

BA

Hong Kong's Greater Bay Airlines is experiencing a delay in the delivery of 15 Boeing Max 9 jets, as reported by Bloomberg. This setback could impact the airline startup's growth plans.

Portfolio Pulse from Charles Gross

January 17, 2024 | 9:49 am

SPY

Ray Dalio, billionaire and hedge-fund veteran, shared his perspective on LinkedIn about the pivotal nature of the year 2024. He highlighted five major interconnected influences: debt-money-markets-economy, internal conflict, external conflict, climate change, and human inventiveness. Dalio sees internal conflict as the biggest risk, potentially leading to pre-civil war conditions. He also discussed the implications of the U.S. elections, technological advancements, and climate change. The SPDR S&P 500 ETF Trust (SPY) was mentioned in relation to market performance.

Portfolio Pulse from Shanthi Rexaline

January 17, 2024 | 8:07 am

ARKW

BITW

GBTC

Peter Schiff predicts a sharp decline in Bitcoin's price due to anticipated stringent regulations from the SEC, following the approval of spot Bitcoin ETFs. Schiff believes these regulations will increase Bitcoin transaction costs and undermine its utility. The recent trading of new Bitcoin Spot ETFs saw about $10 billion in volume in just three days. SEC-approved Spot ETFs include those from Grayscale, Bitwise, Hashdex, iShares, Valkyrie, ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity Wise Origin, and Franklin.

Portfolio Pulse from Mehab Qureshi

January 17, 2024 | 7:23 am

EWU

The U.K. Producer Price Index (PPI) Input for December showed a decrease of 1.2%, which is more than the estimated decline of 0.7%. This figure also represents a larger decrease compared to the revised prior month's figure of -0.4%.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:02 am

EWU

The U.K. Consumer Price Index (CPI) for December showed an increase of 0.4%, which was higher than the estimated 0.2% and a reversal from the previous month's decline of 0.2%.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:01 am

EXR

Extra Space Storage LP, the operating partnership of Extra Space Storage, has priced a public offering of $600 million of 5.400% senior notes due 2034. The notes were issued at 99.745% of the principal amount and are set to mature on February 1, 2034.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 6:19 am

BUR

Burford Capital has priced and upsized its private offering of senior notes to $275 million, with a 9.250% interest rate due in 2031. This is an increase from the initial offering size. The notes will be sold at a price above their principal amount, indicating a yield to worst of 8.251%. The offering is set to close on January 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 6:11 am