Streetbeat News

Assets

SWK

Stanley Black & Decker has agreed to sell its STANLEY Infrastructure division to Epiroc AB for $760 million in cash. The Infrastructure division is projected to generate $450 to $470 million in revenue with a mid-to-high teens adjusted EBITDA margin in FY2023. The proceeds from the sale, after taxes, will be used by Stanley Black & Decker to reduce its debt.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:02 pm

DOGE

SHIB

SOL

Solana developers received a BONK token airdrop last Christmas initially worth $300, which has now appreciated to $500,000. The meme coin BONK surged 821% in 30 days, with its market cap exceeding $1 billion. Around 173 developers received 25 billion BONK tokens each. BONK's trading volume increased by 140%, outperforming other meme cryptocurrencies like Dogecoin and Shiba Inu.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 12:44 pm

AULT

Ault Alliance announced receiving a $41.5M investment from Ault & Company. The company expressed a positive macro-outlook, stating it is more robust than ever.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 11:34 am

IREN

Iris Energy has announced the acquisition of 1.6 EH/s of Bitmain T21 miners, which will increase its self-mining capacity to 10 EH/s. This strategic move is aimed at expanding the company's Bitcoin mining operations and is expected to enhance its overall mining efficiency and output.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 11:28 am

VGK

The Eurozone trade balance for October was reported at 11.1 billion euros, surpassing the previous figure of 10.0 billion euros. This indicates a higher than expected trade surplus for the region.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 10:02 am

ERNA

Eterna Therapeutics Inc. has entered into a securities purchase agreement with accredited investors to sell around $9.2 million in senior convertible promissory notes and warrants. These warrants allow for the purchase of approximately 9.58 million shares of common stock. The private placement transaction was priced at-the-market under Nasdaq rules. The company anticipates an initial closing with proceeds of about $7.8 million on December 15, 2023, and the remaining funds by January 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 7:00 am

FXI

China's Industrial Production for November increased to 4.3% year-to-date compared to the previous 4.1%.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:52 am

FXI

China's Industrial Production for November increased by 6.6%, surpassing the estimated 5.6% and the previous 4.6%.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:52 am

BTCUSD

Bitcoin's price surged past $44,000, driven by optimism around potential Bitcoin spot ETFs and positive sentiment from politicians and institutions. Eli Taranto of EQITrade discussed the growing acceptance of Bitcoin, the role of CBDCs in finance, and reflected on Cathie Wood's prediction of BTC reaching $1 million, suggesting a $500,000 target is possible. Presidential candidates are increasingly discussing crypto, indicating its integration into the global economy. BTC was trading at $42,784 at the time of the article.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 5:52 am

FXI

China's Fixed Asset Investment (YoY) for November came in at 2.9%, which is in line with the previous value but slightly below the estimated 3.0%.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 5:51 am