Streetbeat News

Assets

BTCUSD

Bhutan transferred $60 million worth of Bitcoin to Binance, sparking speculation of profit-taking as Bitcoin nears all-time highs. This marks the first such transfer in four months.

Portfolio Pulse from Aniket Verma

October 30, 2024 | 4:32 am

AKR

CZR

Caesars Entertainment has agreed to sell the LINQ Promenade to a joint venture between TPG Real Estate and Acadia Realty Trust for $275 million. The deal is expected to close in Q4 2024, pending customary approvals.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:03 pm

EQT

EQT Corporation has announced the sale of its remaining non-operated natural gas assets in Northeast Pennsylvania for $1.25 billion in cash. This move is part of EQT's strategy to streamline its operations and focus on core assets.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:58 pm

USO

The American Petroleum Institute (API) reported a crude oil stock draw of 573,000 barrels, contrary to the expected build of 2.3 million barrels. This unexpected draw could influence oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:44 pm

C

Citigroup Inc. has announced the redemption of $1 billion of its 1.281% Fixed Rate / Floating Rate Notes due 2025. The redemption will occur on November 3, 2024, with the cash redemption price payable on November 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:42 pm

IMKTA

Ingles Markets (NASDAQ:IMKTA) reports a financial impact of $35M-$55M due to Hurricane Helene, with expected insurance reimbursement of $10M-$15M. Four stores are temporarily closed, but the distribution center is operational. The impact will be reflected in the fiscal results ending September 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:38 pm

EQT

EQT Corporation has announced its expected total capital expenditures for the fourth quarter, ranging between $630 million and $730 million.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:33 pm

EXE

Expand Energy has increased its expected annual synergy outlook by $100 million to $500 million, with plans to achieve $225 million in synergies by 2025 and the full $500 million by 2027. The company plans to run 10 to 12 rigs and invest $2.7 billion in 2025, aiming for a daily production of 7 bcfe.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:08 pm

GM

LAC

Lithium Americas Corp. (NYSE:LAC) shares rose after securing a $2.26 billion loan from the U.S. Department of Energy to fund the Thacker Pass Project in Nevada. This project aims to produce 40,000 tonnes of lithium carbonate annually, with GM acquiring a 38% stake.

Portfolio Pulse from Vaishali Prayag

October 29, 2024 | 7:06 pm

CVI

CVR Energy is considering increasing its liquidity through potential sales of non-core assets. This move is aimed at strengthening the company's financial position.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:43 pm