Streetbeat News

Assets

SVC

Service Properties Trust (SVC) has announced a reduction in its quarterly dividend to $0.01 per share, saving $127 million annually. The company also plans to sell 114 Sonesta-managed hotels in 2025 to repay debt, which is expected to save $725 million in capital expenditures.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:09 pm

GM

LAC

Lithium Americas and General Motors have formed a joint venture, with GM investing $625 million in cash and letters of credit into the Thacker Pass project.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:22 am

ARKK

Ark Invest, led by Cathie Wood, predicts a positive trend for Bitcoin due to oversold conditions in the Stablecoin Supply Ratio Oscillator (SSRO). The SSRO's oversold point suggests a potential uptrend in Bitcoin's market structure. Ark Invest also shows interest in Ethereum as an institutional-grade asset.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 9:44 am

GWRE

Guidewire Software has increased its convertible senior notes offering to $600 million from the previously announced $500 million. The notes, due in 2029, will accrue interest at 1.25% per annum and are scheduled to settle on October 18, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:31 am

ERJ

Embraer is investing $70 million in new MRO facilities in Fort Worth, Texas, which will create 250 aviation jobs. The project will start in an existing hangar and expand to a new facility.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:19 am

TSLA

Tesla has reportedly transferred nearly all of its Bitcoin holdings, worth $760 million, to unknown wallets, raising speculation about a potential offload of its cryptocurrency assets. The move comes after Tesla's Bitcoin holdings remained unchanged since Q4 2022.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 1:32 am

NXRT

NexPoint Residential Trust announced that its properties did not sustain any material damages from Hurricane Milton. The company will provide further updates if there are any material changes.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:01 pm

MARA

MARA has secured a $200 million line of credit, collateralized by a portion of its Bitcoin holdings. The funds may be used for strategic opportunities and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:27 pm

BA

UAL

United Airlines plans to have 192 Boeing 737 MAX aircraft in its fleet by the end of 2024. This expansion indicates a significant investment in Boeing's aircraft, potentially impacting both United Airlines and Boeing's stock prices.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:15 pm

STT

State Street shares increased following the release of their Q3 financial results, which surpassed expectations. The company also reported a rise in assets under management (AUM) to $4.7 trillion.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:25 pm