Streetbeat News

Assets

FXI

China is considering issuing 6 trillion yuan in ultra-long special treasury bonds over three years to stimulate its slowing economy. The funds will help local governments manage off-the-books debts.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 1:46 pm

VERB

Verb Technology shares are experiencing a rise following a press release that reiterated news from October 11th. The CEO's shareholder letter on October 10th emphasized the company's cash balance and suggested that the stock is undervalued.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 1:10 pm

FWRG

First Watch Restaurant Group (NASDAQ:FWRG) reported that 85 of its company-owned restaurants were closed due to Hurricane Milton, with 77 reopened by October 14, 2024. The company is working on reopening the remaining 8. Additionally, less than 10 restaurants were affected by Hurricane Helene.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 12:37 pm

AMRK

A-Mark Precious Metals' subsidiary, Silver Towne Mint, has acquired the assets of Regency Mint Manufacturing for $2 million. This acquisition includes minting equipment and a customer list, enhancing Silver Towne Mint's production capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 12:20 pm

TOYO

TOYO Co., Ltd plans to build a 2 GW solar cell manufacturing facility in Ethiopia, investing $60M using internal resources and pre-payments. The facility will benefit from Ethiopia's favorable investment policies and hydropower supply.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 12:06 pm

RYAM

Rayonier Advanced Materials Inc. (RYAM) reported a fire at its Jesup, Georgia plant, which was quickly contained with no injuries. The incident affects the A and B production lines, expected to resume by the end of October, with an estimated EBITDA impact of $15 to $20 million.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 12:03 pm

HIW

Highwoods Properties announced that its buildings have not sustained any notable damage from Hurricane Milton, which is positive news for the company and its investors.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 10:08 am

CTLT

Catalent has agreed to sell its oral solids development and small-scale manufacturing facility located in Somerset, NJ. The financial details of the transaction have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 10:02 am

VEON

VEON, a global telecommunications company, has announced plans to relocate its headquarters to the Dubai International Financial Hub. This move is part of VEON's strategy to enhance its operational efficiency and global presence.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 5:58 am

MSTR

Michael Saylor aims to transform MicroStrategy into a leading Bitcoin bank with $100B-$150B in BTC holdings. The company recently increased its Bitcoin holdings to 252,220 BTC, making it the largest corporate Bitcoin holder. Saylor views Bitcoin as a hedge against inflation and a tool for long-term value preservation. Bernstein analysts rate MicroStrategy as outperform with a price target of $290.

Portfolio Pulse from Khyathi Dalal

October 11, 2024 | 8:40 pm