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CRAK

IEO

PSX

Phillips 66 shares are falling after the company announced the sale of its 49% stake in Coop Mineraloel AG for $1.24 billion. The sale supports strategic priorities, including shareholder returns, and requires Swiss Competition Commission approval. The transaction is expected to close in Q1 2025.

Portfolio Pulse from Lekha Gupta

October 15, 2024 | 1:20 pm

IAI

SCHW

YALL

Charles Schwab reported strong Q3 results with revenue of $4.85 billion, surpassing expectations. Client assets reached a record $9.92 trillion. Despite a decline in deposits, the company saw a significant increase in asset management fees and brokerage accounts. CEO Walt Bettinger announced his retirement, with Rick Wurster set to succeed him in 2025. SCHW shares rose 8.76% premarket.

Portfolio Pulse from Lekha Gupta

October 15, 2024 | 1:12 pm

ARKB

BITB

FBTC

GBTC

IBIT

U.S. Spot Bitcoin ETFs experienced a significant net inflow of $555.8 million on Monday, with Fidelity Wise Origin Bitcoin Fund leading the surge. This marks the highest single-day inflow since July, driven by bullish sentiment and political shifts favoring crypto.

Portfolio Pulse from Khyathi Dalal

October 15, 2024 | 1:09 pm

CIFR

Cipher Mining is set to acquire 1.5 GWOff data center sites in Texas, with three sites each having a capacity of 500MW. The sites are suitable for HPC and bitcoin mining.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:01 pm

GMM

Global Mofy AI Limited (NASDAQ:GMM) announced a $2.5 million private placement financing through a Securities Purchase Agreement with non-U.S. investors. The funds will support its generative AI platform and other operational needs.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:41 pm

JUNE

Junee Limited's subsidiary, ASPAC AI Computing, has entered a strategic agreement with PanaAI Technology to enhance its AI infrastructure. The deal, valued at approximately $100 million, involves PanaAI providing advanced computing resources and services to ASPAC.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:35 pm

DEA

NOC

Easterly Government Properties has acquired a 104,136 square foot facility in Aurora, Colorado, fully leased to Northrop Grumman Systems Corporation. The facility is adjacent to Buckley Space Force Base and meets high security standards.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:23 pm

OWL

Crusoe Energy Systems, Blue Owl Capital, and Primary Digital Infrastructure have announced a $3.4 billion joint venture to develop a 206 MW AI data center at the Lancium Clean Campus in Abilene, Texas. The project is fully funded and will be designed, built, and operated by Crusoe.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:12 pm

SCHW

Charles Schwab reported a 27% year-over-year increase in total client assets for Q3, reaching $9.92 trillion.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:32 am

MRC

MRC Global has agreed to repurchase all 363,000 shares of its 6.50% Series A Convertible Perpetual Preferred Stock from Mario Investments, LLC. To fund this repurchase, MRC Global is launching a $350 million Term Loan B financing with a seven-year term.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:21 am