Streetbeat News

Assets

SPY

USO

The latest report on USA crude oil inventories shows a draw of 0.515 million barrels, contrary to the expected build of 1.500 million barrels. This follows a previous build of 5.474 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:30 pm

ERNA

Eterna Therapeutics has completed a strategic financial restructuring, reducing liabilities by discontinuing a lease, saving $72M, and cutting $700,000 in monthly cash outflow. The company also secured $5M in new financing through a PIPE investment.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:41 pm

LGCY

Legacy Education Inc. (NYSE:LGCY) has announced an agreement to acquire substantially all assets of Contra Costa Medical Career College for $8 million. The acquisition includes a cash payment, a promissory note, and issuance of shares. Completion is subject to customary conditions and regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:34 pm

ISPC

iSpecimen Inc. (NASDAQ:ISPC) announced a $5 million public offering of common stock and pre-funded warrants at $3.00 per share. The proceeds will be used for debt repayment, potential acquisitions, and working capital.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:30 pm

HES

Hess Corporation has increased its 2024 capital expenditure guidance for exploration and production to $4.9 billion from the previous $4.2 billion. This change is due to the accelerated purchase of two FPSOs, Liza Destiny and Prosperity, now planned for Q4 2024 instead of 2025.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:33 am

GXO

GXO Logistics has announced that its new 36,000 square meter multi-tenant warehouse in Dormagen, near Düsseldorf, is now at full capacity. This marks a significant milestone in the company's growth strategy in Germany.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:17 am

PUMP

ProPetro has revised its full-year 2024 capital expenditure guidance downwards to $150M-$175M from the previous $175M-$200M. This marks the second reduction in capex guidance this year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:11 am

BAM

BEP

Brookfield has signed an agreement to acquire a 12.45% minority stake in four of Ørsted's operational UK offshore wind farms for an enterprise value of $2.3 billion.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:59 am

UBS

UBS Group AG reported strong Q3 2024 earnings, with a net profit of $1.4 billion and revenues of $12.3 billion, surpassing Wall Street estimates. The stock rose 2.07% in pre-market trading. The bank's strategic focus on wealth management and cost savings is evident in its robust client momentum and significant reductions in non-core assets.

Portfolio Pulse from Pooja Rajkumari

October 30, 2024 | 9:29 am