Streetbeat News

Assets

PEB

Pebblebrook Hotel Trust has finalized the sale of Hotel Zoe Fisherman's Wharf for $68.5 million. The transaction is part of Pebblebrook's strategic disposition of assets and will likely impact the company's financial flexibility and portfolio optimization.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 12:02 pm

AAP

Advance Auto Parts is reportedly initiating sale processes for its Worldpac and Canadian business units. This strategic move could indicate a focus on core operations and a potential influx of capital from the sales.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:51 am

XPEV

As of September 30, 2023, XPeng has expanded its physical sales network to 395 stores and its self-operated charging station network to 1,057 stations, which includes 854 supercharging stations and 203 destination charging stations.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 10:06 am

COIN

Coinbase Inc. (NASDAQ:COIN) has indicated that the approval of spot Bitcoin ETFs in the U.S. could attract a new class of investors, including institutional and retirement funds. The Coinbase report suggests that such approval would simplify the investment process for large institutions, enhance market liquidity, and improve price discovery. David Duong of Coinbase sees this as an opportunity for new product development and wider crypto adoption. The report also mentions that billions could be added to the crypto market cap, and with current economic conditions, Bitcoin could become a more viable alternative. The SEC is nearing a decision on approving the first U.S. spot Bitcoin ETF, with firms like BlackRock, WisdomTree, and Valkyrie in the queue, potentially by 2024. Bitcoin's price has surged in anticipation, reaching $37,970 last week.

Portfolio Pulse from Benzinga Neuro

November 15, 2023 | 9:15 am

J

Jacobs Engineering Group Inc. has received a grant from the UK government to develop new water tidal turbine technology. This grant is aimed at supporting the advancement of renewable energy sources and reducing carbon emissions. The financial details of the grant were not disclosed, but the support from the government highlights the potential of Jacobs' technology and its alignment with environmental sustainability goals.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:07 am

AMZN

GOOGL

MSFT

Amazon Web Services (AWS), Google, and Microsoft are set to invest a combined total of $8.5 billion in Thailand's digital infrastructure. Each company will contribute approximately 100 billion baht ($8.46 billion) to enhance the nation's digital economy. This follows Thailand's efforts to attract foreign investment, including the approval of 41 billion baht in various sectors by the Thailand Board of Investment in October 2023.

Portfolio Pulse from Benzinga Neuro

November 15, 2023 | 8:56 am

EQS

Equus Total Return, Inc. (NYSE:EQS) reported an increase in net asset value per share to $3.49 as of September 30, 2023, up from $2.96 on June 30, 2023. The company's net assets rose to $47.1 million, with the principal contributor to the increase in fair value of the portfolio holdings being identified for the third quarter of 2023.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:34 am

AAPL

BRK

CVX

GM

MSFT

SPY

VOO

In Q3, Berkshire Hathaway, led by Warren Buffett, made several adjustments to its portfolio. It maintained its largest holding in Apple but trimmed its Chevron stake by 10.45%. Berkshire sold all its shares in GM, Celanese, Johnson & Johnson, Procter & Gamble, and UPS. New additions included Atlanta Braves Holdings and Sirius XM, while stakes in HP and Amazon were reduced. Core holdings in Bank of America, American Express, Coca-Cola, and Occidental Petroleum remained unchanged, as did positions in Lennar, D.R. Horton, Capital One, Mastercard, Visa, Snowflake, VeriSign, Kroger, Mondelez, and ETFs SPDR S&P 500 and Vanguard 500 Index Fund.

Portfolio Pulse from Shanthi Rexaline

November 15, 2023 | 7:47 am

EWQ

The France Harmonised Index of Consumer Prices (HICP) for October showed a month-on-month increase of 0.2%, which was in line with estimates and an improvement from the -0.6% reported in the previous month.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:47 am

COIN

Blockchain.com, a cryptocurrency exchange and wallet provider, has raised $110 million in a Series E funding round led by Kingsway Capital, with participation from Lakestar, Lightspeed Venture Partners, and Coinbase Ventures. The funding round valued the company lower than its previous $14 billion valuation, although the current valuation was not disclosed. This funding is significant as it comes during a period of recovery in the crypto market, with Bitcoin's price rebounding above $35,000 after trading below $20,000 in October 2022.

Portfolio Pulse from Mehab Qureshi

November 15, 2023 | 7:23 am