Streetbeat News

Assets

C

HSBC

JPM

SCBFF

Saudi Arabia has issued $12 billion in debt, its largest foreign borrowing since 2017, contributing to the $25 billion of bonds issued by developing countries this year. The move aims to cover more than half of the nation's fiscal deficit for the year. Citigroup Inc. (C), JPMorgan Chase & Co. (JPM), HSBC Holdings Plc (HSBC), and Standard Chartered Plc (SCBFF) were the main banks handling the sale. Despite this borrowing, Saudi Arabia's total funding requirements are only partially met, but the country's debt stock remains low, allowing for further capital raising. Additionally, Saudi Arabia has cut oil prices significantly, impacting crude oil markets.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 8:58 am

META

NVDA

Goldman Sachs analyst Peter Oppenheimer predicts a new economic 'super cycle' driven by AI and decarbonization. The cycle differs from the one that began in the 1980s, as it won't rely on declining interest rates or globalization. AI's influence on productivity and decarbonization efforts are seen as new growth drivers. Last year, AI advancements led to significant gains for companies like Nvidia and Meta. Despite a rocky start to 2024, Wall Street is optimistic about AI's market impact. Decarbonization is also expected to stimulate economic growth as economies modernize in response to climate change. Goldman Sachs refuted AI bubble fears in 2023, projecting AI investment to reach $200 billion globally by 2025.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 8:28 am

FRT

Federal Realty Investment Trust's operating partnership, Federal Realty OP LP, has priced and upsized an offering of $425 million 3.25% exchangeable senior notes due 2029. The notes were offered in a private placement to qualified institutional buyers and an additional $60 million may be purchased by the initial buyers. The offering is set to close on January 11, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:45 am

O

Realty Income Corporation (NYSE: O) has priced a public offering of $1.25 billion in senior unsecured notes, split into two tranches: $450 million at 4.750% due 2029 and $800 million at 5.125% due 2034. The 2029 Notes were priced at 99.225% and the 2034 Notes at 98.910% of their principal amounts, resulting in effective semi-annual yields to maturity of 4.923% and 5.265%, respectively. The offering has a weighted average tenor of 8.3 years, yield to maturity of 5.142%, and coupon rate of 4.990%.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:40 am

TCEHY

ByteDance, the parent company of TikTok, is in discussions to sell its gaming assets, including its gaming unit Nuverse and games 'Crystal of Atland' and 'Earth: Revival', to Tencent Holdings Ltd (OTC:TCEHY). The talks follow ByteDance's decision to exit the gaming market and focus on other strategic areas. Tencent has previously advertised its game 'DreamStar' through ByteDance's ad network, indicating a warming relationship between the two companies.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 6:26 am

BEP

BEPC

Brookfield Renewable plans to issue C$400M in Medium-Term Notes Series 17 at an annual interest rate of 5.318%. The notes will be issued under a base shelf prospectus dated September 8, 2023, and related supplements to be dated January 8, 2024. The expected closing date is on or about January 10, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:19 am

EWA

Australia's Building Approvals for December showed a preliminary increase of 1.6% month-over-month, surpassing the estimated decline of -2.0%. This is an improvement from the revised prior figure of 7.2%.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:21 am

BBJP

DXJ

EWJ

Japan's Tokyo Core Consumer Price Index (CPI) for November came in at 2.1%, aligning with estimates and showing a slight decrease from the previous 2.3%. This data is a key indicator of inflation in Tokyo and can influence investor sentiment regarding Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:17 am

ETH

SOL

The Solana-based meme cryptocurrency Bonk (BONK) has surged 30% in the past 24 hours, outperforming other meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE). The market is optimistic about a potential Bitcoin ETF approval, which has contributed to a broader market recovery. Solana (SOL) has seen increased on-chain trading volumes and network fees, surpassing Ethereum (ETH). Crypto exchange OKX plans to list BONK and Jito (JTO) on January 8, 2024.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 4:39 am

BTCUSD

ETHUSD

Bitcoin's surge past $46,000 led to over $160M in short position liquidations, with the Fear & Greed Index indicating 'Extreme Greed'. Ethereum shorts also faced significant losses. Analyst Jamie Coutts suggests Bitcoin's fundamentals, including network activity, support its value despite being below peak levels. The SEC warns against FOMO-driven investments ahead of an anticipated ETF approval.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 4:29 am