Streetbeat News

Assets

REAX

The Real Brokerage Inc. (NASDAQ:REAX), a rapidly expanding real estate brokerage, has announced its expansion into Vermont. This move increases the company's presence to 49 states and the District of Columbia in the U.S., as well as four Canadian provinces.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 11:36 am

PTN

Palatin Technologies (PTN) has approximately $11 million in cash, cash equivalents, and marketable securities. This amount is expected to cover the company's operating expenses through the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 11:35 am

FTLF

FitLife Brands Inc (NASDAQ:FTLF) has received approval from the U.S. Bankruptcy Court for the District of Nevada for its acquisition of MusclePharm Corporation's assets. The $18.5 million deal will be funded through cash on hand and a new $10 million term loan. FitLife plans to return the brand to growth and enhance profitability through a focus on online sales and expanded wholesale distribution. The transaction is expected to close by October 16, 2023.

Portfolio Pulse from Shivani Kumaresan

September 28, 2023 | 11:07 am

AGCO

TRMB

AGCO Corporation has entered into a joint venture with Trimble, acquiring an 85% stake in Trimble's agricultural assets and technologies for $2.0 billion and the contribution of JCA Technologies.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 11:07 am

FXA

SPY

USO

US stock markets ended mixed on September 27 due to concerns over increased Treasury yields, interest rate uncertainties, and a potential partial government shutdown. S&P 500 sectors saw utilities decline by 1.9% while energy surged 2.5% as Brent crude surpassed $97 a barrel. Asian markets mostly fell due to worries about US monetary tightening and poor retail sales figures in Australia. European stocks also declined, with energy stocks limiting losses. Commodities saw mixed results, and US futures were down.

Portfolio Pulse from Akanksha Bakshi

September 28, 2023 | 10:51 am

SPY

VGK

NATO's Secretary General, Jens Stoltenberg, announced that NATO now has framework contracts in place for 2.4 billion euros of key ammunition, including 1 billion euros in firm orders.

Portfolio Pulse from Charles Gross

September 28, 2023 | 10:44 am

SJM

J.M. Smucker Company (NYSE:SJM) has agreed to sell its Sahale Snacks brand to Second Nature Brands for approximately $34 million in an all-cash deal. The transaction includes all trademarks, a leased manufacturing facility in Seattle, and about 100 employees. The company expects the impact of the divestiture to be immaterial on its adjusted EPS on a full-year basis. The deal is expected to close in Q3.

Portfolio Pulse from Lekha Gupta

September 28, 2023 | 10:36 am

BTCUSD

DOGEUSD

ELONUSD

PEPEUSD

SHIBUSD

The altcoin market has been facing a decline since mid-July, leading to a drop in trader interest for popular memecoins such as Dogecoin (CRYPTO: DOGE), Dogelon Mars (CRYPTO: ELON), Pepe Coin (CRYPTO: PEPE), and Shiba Inu (CRYPTO: SHIB), according to on-chain analytics platform Santiment. DOGE is currently experiencing its lowest discussion rate since 2020, indicating a significant decrease in enthusiasm and engagement. Despite a temporary setback, PEPE managed to regain some traction and attention from traders.

Portfolio Pulse from Mehab Qureshi

September 28, 2023 | 9:32 am

DOGEUSD

PEPEUSD

SHIBUSD

Pepe Coin (PEPE) has outperformed other popular meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) in the past 24 hours and seven-day charts. PEPE experienced a 4% increase in value in the last 24 hours, while DOGE and SHIB saw marginal gains of 0.01% and 0.23% respectively. Over the past week, PEPE soared by 17%, while other top meme coins suffered losses. The exact reason behind PEPE's surge is unclear, but it could be due to a short squeeze, a temporary rebound, or other positive factors.

Portfolio Pulse from Mehab Qureshi

September 28, 2023 | 7:40 am

BTCUSD

SEC Chair Gary Gensler clarified that a physical Pokémon card does not qualify as a security. However, he was less clear on whether tokenized Pokémon cards, or Pokémon card NFTs, could be considered securities, stating he would need more information. The discussion took place during a U.S. House Committee on Financial Services meeting, where Gensler was questioned for nearly five hours. His stance on digital assets has been previously challenged, with critics suggesting his regulatory approach favors large financial institutions and stifles innovation.

Portfolio Pulse from Benzinga Neuro

September 28, 2023 | 7:09 am