Streetbeat News

Assets

EIS

Israeli Prime Minister Benjamin Netanyahu and US Secretary of State Antony Blinken have united against Hamas, comparing the group to ISIS. The US has sent the first shipments of military support to Israel. The Israeli Air Force has launched strikes on over 70 targets in the Gaza Strip. The International Monetary Fund (IMF) is monitoring the situation and its impact on the global economy, particularly oil markets. The Israeli shekel is down 0.3% against the dollar, and the TA-125, Israel’s major stock market index, was down 0.2%. The iShares MSCI Israeli ETF (NYSE:EIS) fell 1.5%.

Portfolio Pulse from Piero Cingari

October 12, 2023 | 12:50 pm

ALGOUSD

Matt Keller, Head of Social Impact for the Algorand Foundation, will be speaking at Benzinga's Future of Digital Assets conference on Nov. 14. Keller is known for driving social transformation through technology, specifically leveraging the Algorand blockchain. His work focuses on financial inclusion, social impact, and environmental sustainability. The conference session will discuss emerging trends, innovative applications, and potential upheavals to traditional centralized models in the realm of the decentralized web.

Portfolio Pulse from Murtuza Merchant

October 12, 2023 | 12:44 pm

WBA

Walgreens' Interim CEO announced that the company is reducing areas for contracted or project work, altering store operating hours based on local market trends, closing unprofitable stores, and using AI to more accurately forecast demand.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:43 pm

UUP

The Consumer Price Index (CPI) for September surpassed expectations, growing at a 3.7% YoY pace, which is putting pressure on the Federal Reserve to consider raising interest rates. The U.S. dollar, as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), rose 0.3% after the CPI report, while futures on the S&P 500 turned negative.

Portfolio Pulse from Piero Cingari

October 12, 2023 | 12:42 pm

CDIO

Cardio Diagnostics Holdings has launched a new lab and fulfillment center in Iowa City, Iowa. The new facility will enhance the company's capacity to deliver its services.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:39 pm

GS

KKR

Goldman Sachs Group, Inc. (NYSE:GS) is selling the GreenSky platform and associated loan assets to a consortium led by Sixth Street, which includes KKR & Co. Inc. (NYSE:KKR), Bayview Asset Management, and CardWorks. The sale is expected to result in a $(0.19) earnings per share impact on Goldman Sachs' Q3 earnings. Goldman Sachs will continue to operate the platform and record ongoing business results.

Portfolio Pulse from Nabaparna Bhattacharya

October 12, 2023 | 12:22 pm

OLPX

Olaplex Holdings, Inc. (NASDAQ:OLPX) announced a leadership transition with Amanda Baldwin set to become the new CEO by early 2024, succeeding JuE Wong. John P. 'JP' Bilbrey, the company's Executive Chair, will serve as interim CEO during the transition. The company reiterated its guidance for fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:19 pm

BTCUSD

A project known as 'Project Spartacus' aims to inscribe the Afghan War Diary, which Julian Assange is accused of illegally providing to journalists, onto the Bitcoin blockchain. The project uses the Ordinals protocol, a meta protocol for Bitcoin that allows for the addition of arbitrary data to the blockchain. The project aims to combat information censorship and protect the data that Assange risked his life to make public.

Portfolio Pulse from Mehab Qureshi

October 12, 2023 | 12:14 pm

VSAT

Viasat, Inc. (NASDAQ:VSAT) has announced key financial developments that are expected to enhance its cash generation profile. The company now expects to reach sustainable positive free cash flow during the first half of 2025, earlier than previously announced. Viasat has also confirmed that it will not require a replacement for the ViaSat-3 F1 satellite, which encountered a mechanical deployment issue. The company expects to report more than $3 billion of liquidity as of September 30, 2023, and remains on track to achieve its outlook for FY2024.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:13 pm

ERIC

Ericsson (NASDAQ:ERIC) has announced a non-cash impairment charge of SEK 32 billion in Q3 2023, accounting for 50% of the goodwill and other intangible assets related to Vonage. The impairment is due to a decline in the market capitalization of Vonage's publicly traded peers, higher interest rates, and a slowdown in Vonage's core markets. Despite this, Ericsson continues to focus on its enterprise strategy, with Vonage's network API capabilities being the core focus. The company's Q3 performance is expected to be in line with guidance, with an EBITA margin of 7.3% and EBITA of SEK 4.7 billion. Ericsson's shares are trading higher by 7.45% at $5.05 premarket.

Portfolio Pulse from Lekha Gupta

October 12, 2023 | 11:54 am