Streetbeat News

Assets

IVCB

Investcorp Europe Acquisition Corp. I (NASDAQ:IVCB) has terminated its business combination agreement with Zacco Holdings, resulting in a $30 million termination payment. At least $20 million will cover incurred expenses. The company is considering alternative business combinations or dissolution.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 1:08 pm

MORT

REZ

VNQ

The Federal Reserve's unexpected 50-basis-point rate cut has led to a significant increase in mortgage demand, with refinancing applications soaring by 20%. This has resulted in a revival of the housing market, with expectations of a strong fall and potential rebound next spring. ETFs related to real estate, such as VNQ, REZ, and MORT, showed minimal movement following the news.

Portfolio Pulse from Piero Cingari

September 25, 2024 | 1:00 pm

POST

Post Holdings, Inc. plans a private offering of $500M in senior notes due 2034 to refinance existing debt and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 12:23 pm

ORCL

Oracle has filed for a four-part notes offering, as per an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 12:14 pm

FSUMF

Fortescue Metals (OTC:FSUMF) has announced a $2.8 billion investment in electrifying its fleet, including 475 emission-free machines. Despite challenges like falling iron ore prices, the company is committed to achieving net-zero emissions by 2030, surpassing its peers. The initiative includes partnerships for battery-electric trains and aims to eliminate 95 million liters of diesel annually.

Portfolio Pulse from Stjepan Kalinic

September 25, 2024 | 11:41 am

BTCUSD

Dormant Bitcoin whales have become active, moving significant amounts of Bitcoin to exchanges like Kraken. This activity has sparked speculation about potential bullish momentum for Bitcoin, with predictions of a price increase to $90,000 by the end of 2024.

Portfolio Pulse from Khyathi Dalal

September 25, 2024 | 11:34 am

DYDXUSD

ENSUSD

OMNIUSD

OPUSD

RENUSD

RPLUSD

TAOUSD

TIAUSD

Veteran trader Michaёl van de Poppe shares his high-risk altcoin portfolio strategy, predicting a favorable period for altcoins due to increased global liquidity. He expects Bitcoin to reach $90,000-$100,000, boosting altcoin confidence. His portfolio includes larger altcoins like Optimism and Celestia, and smaller tokens like Renzo and Omni Protocol. Van de Poppe aims for 100-500% gains, with a potential 10x return in six months.

Portfolio Pulse from Khyathi Dalal

September 25, 2024 | 11:27 am

GS

GSK

JNJ

MS

SNY

Sanofi plans to spin off its consumer healthcare business to focus on drug development and cost-cutting. Private equity firms are interested, and the unit could be valued at over $20 billion. Goldman Sachs and Morgan Stanley are preparing financing for potential buyers.

Portfolio Pulse from Vandana Singh

September 25, 2024 | 11:18 am

OCTO

Eightco Holdings has significantly improved its financial position in 2024 by eliminating $5.4 million in convertible notes and increasing shareholder equity by $23 million.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 11:03 am

ORAN

Orange plans to voluntarily delist from the NYSE and deregister with the SEC, while maintaining its ADR program for trading on the U.S. OTC market. This move aims to simplify operations and reduce costs, without affecting its U.S. commercial presence.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 10:33 am