Streetbeat News

Assets

BTCUSD

DOGEUSD

Elon Musk, in an interview with Joe Rogan, criticized non-fungible tokens (NFTs) for not being on the blockchain and being just a URL to the JPEG. He suggested that the JPEG should be encoded in the blockchain. Musk's comments led to increased activity in on-chain NFTs like Bitcoin Punks, OnChainMonkey, and Bitcoin Frogs. Musk has previously shown support for cryptocurrencies like Bitcoin and Dogecoin.

Portfolio Pulse from Chris Katje

November 01, 2023 | 11:05 pm

PHUN

Phunware, Inc. (NASDAQ:PHUN) has announced the immediate wind down of operations of its subsidiary gaming PC Manufacturer, Lyte Technology. The decision follows an extensive assessment of strategic alternatives and may be followed by the sale or disposition of remaining Lyte assets. The move is expected to reduce Phunware's cash burn by about $2MM annually.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:05 pm

OZK

TOL

Toll Brothers, Inc. (TOL) and Canyon Partners Real Estate have formed a joint venture to develop a 400-unit luxury rental community in Mesa, Arizona. The venture has secured a $78 million construction loan from Bank OZK. The development, Navona, is located in one of the fastest growing submarkets in the Phoenix metro area. This is Toll Brothers' sixth multifamily community development in Arizona and the fourth joint venture with Canyon Partners.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:00 pm

BOC

InfoWest, a subsidiary of Boston Omaha Corporation (NYSE:BOC), has acquired the assets of SunRiver Fiber Network from Cable Systems of Nevada. The acquisition includes all fiber internet assets and the internet and VoIP subscriber agreements, expanding InfoWest's fiber footprint in St. George.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:59 pm

RYN

Rayonier Inc. (NYSE:RYN) has announced a plan to sell $1 billion of select assets over the next 18 months, aiming to reduce its leverage to ≤3.0x Net Debt / Adjusted EBITDA and return capital to shareholders. The first step of this plan is the sale of 55,000 acres in Oregon for $242 million. The company aims to enhance shareholder value by capturing the disparity between public and private timberland values and reducing debt in a higher interest rate environment.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:53 pm

SITM

SiTime Corporation (NASDAQ:SITM) has announced an agreement to acquire clock products and license all clock IP from Aura Semiconductor in an all-cash transaction totaling $148 million, with earnouts capped at $120 million. The deal is expected to close by the end of 2023. This acquisition will allow SiTime to offer both clock and oscillator products, targeting the communications, datacenter, and AI markets. The company will also open an office in Bengaluru, India as part of the transaction.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:30 pm

AMAT

Applied Mat (NASDAQ:AMAT) has outperformed the market over the past 10 years by 13.37% on an annualized basis, producing an average annual return of 22.51%. If an investor had bought $100 of AMAT stock 10 years ago, it would be worth $762.20 today.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 9:30 pm

ICE

Intercontinental Exchange (NYSE:ICE) has outperformed the market over the past 15 years, producing an average annual return of 14.02%. An investment of $1000 in ICE 15 years ago would be worth $6,608.67 today.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 9:30 pm

SITM

SiTime Corporation (NASDAQ:SITM) has announced that Beth Howe will take over as the company's executive vice president and chief financial officer (CFO) effective November 8, 2023. The current CFO, Art Chadwick, will retire on November 7, 2023. Howe has over 25 years of experience in the technology industry, including 17 years at HP Inc. where she held various strategic finance roles.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:29 pm

NOG

Northern Oil & Gas has revised its FY23 total budgeted capital expenditures from the previous range of $764M-$800M to a new range of $790M-$820M.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:26 pm