Streetbeat News

Assets

TVGN

Tevogen Bio has signed a letter of intent with CD8 Technology to build a $50M R&D and manufacturing facility, which will not impact shareholder equity. This move supports Tevogen's growth agenda and commitment to shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:45 pm

GLD

TLT

Gold prices have reached a record high of $2,770 per ounce, driven by concerns over deficits and political uncertainty. The SPDR Gold Trust (GLD) has shown strong performance, while the iShares 20+ Year Treasury Bond ETF (TLT) has declined. Gold's rise defies traditional correlations with the U.S. dollar and Treasury yields, suggesting investors are seeking it as a safe haven amid fiscal concerns.

Portfolio Pulse from Piero Cingari

October 29, 2024 | 4:33 pm

BITF

CAN

HIVE

HUT

MARA

RIOT

Bitcoin miners and crypto-linked stocks are experiencing a surge as Bitcoin's price surpasses $70,000.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:01 pm

LAC

Lithium Americas shares rose following the announcement of a $2.26 billion loan from the U.S. Department of Energy's Loan Programs Office.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:41 pm

AMZN

TSLA

The U.S. Department of Defense is significantly increasing its budget for low Earth orbit satellite internet services from $900 million to $13 billion, highlighting the growing importance of high-speed satellite internet for military operations. This expansion anticipates competition from services like SpaceX's Starlink and Amazon's Project Kuiper.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:38 pm

PLTR

The article provides an analysis of Palantir Technologies (NYSE:PLTR) in comparison to its competitors in the software industry. It highlights Palantir's high valuation metrics, such as P/E, P/B, and P/S ratios, indicating potential overvaluation. Despite lower profitability metrics like ROE, EBITDA, and gross profit, Palantir shows strong revenue growth and a favorable debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 3:00 pm

JBLU

SAVE

JetBlue's CEO announced that the company is not interested in revisiting the acquisition of Spirit Airlines but would consider acquiring Spirit's assets if they are sold.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:37 pm

RILY

B Riley Financial shares rose after the company announced it raised $236 million by divesting brand assets.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:37 pm

JUNE

Junee Limited is planning to raise $40 million through a financing round. The funds will be used to establish an AI supercomputing center in Australia and to bolster working capital.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:17 pm

GDS

GDS Holdings Limited's international affiliate, DigitalLand Holdings Limited, has secured a $1 billion equity investment from new U.S. investors, led by Coatue Management and The Baupost Group. This investment will support the development of up to 1 GW of data center capacity across Asia.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:03 pm