Streetbeat News

Assets

GWRE

Guidewire Software has increased its convertible senior notes offering to $600 million from the previously announced $500 million. The notes, due in 2029, will accrue interest at 1.25% per annum and are scheduled to settle on October 18, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:31 am

ERJ

Embraer is investing $70 million in new MRO facilities in Fort Worth, Texas, which will create 250 aviation jobs. The project will start in an existing hangar and expand to a new facility.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:19 am

TSLA

Tesla has reportedly transferred nearly all of its Bitcoin holdings, worth $760 million, to unknown wallets, raising speculation about a potential offload of its cryptocurrency assets. The move comes after Tesla's Bitcoin holdings remained unchanged since Q4 2022.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 1:32 am

NXRT

NexPoint Residential Trust announced that its properties did not sustain any material damages from Hurricane Milton. The company will provide further updates if there are any material changes.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:01 pm

MARA

MARA has secured a $200 million line of credit, collateralized by a portion of its Bitcoin holdings. The funds may be used for strategic opportunities and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:27 pm

BA

UAL

United Airlines plans to have 192 Boeing 737 MAX aircraft in its fleet by the end of 2024. This expansion indicates a significant investment in Boeing's aircraft, potentially impacting both United Airlines and Boeing's stock prices.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:15 pm

STT

State Street shares increased following the release of their Q3 financial results, which surpassed expectations. The company also reported a rise in assets under management (AUM) to $4.7 trillion.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:25 pm

CXXIF

C21 Investments, led by CEO Sonny Newman, has achieved significant financial milestones, including paying off $30M in senior debt and expanding its cultivation facilities without issuing new shares. The company dominates the Nevada cannabis market with its Silver State dispensaries, outperforming state averages in sales and profitability.

Portfolio Pulse from Todd Harrison

October 15, 2024 | 3:36 pm

C

Citi CEO Jane Fraser reports that the global economy is showing resilience, with positive corporate sentiment. Clients are adjusting financial activities ahead of the U.S. presidential election. Citi plans to continue stock repurchases and increase investments in data management.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:15 pm

UNIUSD

Uniswap's (UNI) price fell by 4.05% to $7.8 in the last 24 hours, despite a 14% gain over the past week. Trading volume increased by 67% while circulating supply decreased slightly. Uniswap's market cap is $5.90 billion, ranking it #22.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 3:02 pm