Streetbeat News

Assets

BA

Boeing's CFO has indicated strong demand signals in China and reported that 97% of the Max Fleet is back in service. The company will follow the lead of customers regarding the resumption of China deliveries.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 1:40 pm

BTCUSD

COMPUSD

ETHUSD

SNXUSD

Cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) edged lower, trading below $26,000 and $1,700 respectively. This follows the decline in U.S. initial jobless claims by 13,000 to 216,000. Astar (ASTR) was the top gainer over the past 24 hours, while Synthetix (SNX) and Compound (COMP) were among the biggest losers. The global crypto market cap fell to $1.04 trillion, a 24-hour decline of 0.1%.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 1:32 pm

SASI

Sigma Additive Solutions is set to acquire NextTrip for approximately $48 million and plans to sell its quality assurance software assets to a strategic buyer. The company's shares are trading higher following the announcement.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 1:30 pm

TRNO

Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Santa Ana, California for approximately $14.8 million. The property will be redeveloped into a 92,000 square foot industrial distribution building, with completion expected in Q1 2025. The redeveloped property is 100% pre-leased to a provider of temperature-controlled life sciences supply chain solutions.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 1:25 pm

AAPL

NVDA

China is broadening its ban on iPhones in sensitive departments, including government-backed agencies and state companies, signaling increasing difficulties for Apple Inc (AAPL) in its largest foreign market. This move is part of Beijing's efforts to reduce reliance on American technology. The ban threatens Apple's position in a market responsible for about a fifth of its revenue. Other U.S. companies with significant exposure to China, including Nvidia Corp (NVDA), are also concerned about China's next move.

Portfolio Pulse from Anusuya Lahiri

September 07, 2023 | 12:53 pm

IYR

The salary required to 'get by' varies significantly across US states, with some states requiring less than $50,000 a year and others more than $100,000. The median income for a single worker in the US is $57,200, which is sufficient in only 30 states. Housing costs are a significant factor, with the median home price in the US being $410,200. The iShares U.S. Real Estate ETF (IYR) reflects the long-term upward trend in US real estate.

Portfolio Pulse from Adam Eckert

September 07, 2023 | 12:51 pm

SASI

Sigma Additive Solutions (NASDAQ:SASI) has announced a non-binding LOI to acquire travel technology company NextTrip for approximately $48M, or $0.40/share, if all milestones are met. The deal will be paid in Sigma common stock, constituting 19.99% of its outstanding common stock plus additional shares upon achievement of post-closing milestone earnouts. Sigma also plans to sell its quality assurance software assets to a strategic buyer. The transactions are expected to be completed in Q4 2023, subject to negotiation, regulatory and shareholder approvals.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 12:34 pm

CGC

LSDI

TLRY

High Times Holding Corp. has announced a transaction with Lucy Scientific Discovery Inc. (NASDAQ:LSDI) that will make High Times publicly traded. The deal involves a divestment of core High Times assets to Lucy in exchange for 19.9% of Lucy's publicly traded shares. The assets being transferred include intellectual property and domain names such as Hightimes.com, CannabisCup.com and 420.com. Lucy plans to license back these assets to High Times under a long-term arrangement.

Portfolio Pulse from Javier Hasse

September 07, 2023 | 12:30 pm

ELTX

Elicio Therapeutics has received a $2.6M grant from the Gastro-Intestinal Research Foundation to fund research for two therapeutic cancer vaccines.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:10 pm

GNSS

Genasys Inc. (NASDAQ:GNSS) has announced new Long Range Acoustic Device (LRAD) orders valued at $1.6 million from the U.S. Department of Defense (DOD). The orders include LRAD-1950XLs for the United States Special Operations Command in Europe, LRAD 360-XT mobile communications trailers for the U.S. Navy in Africa, and various spares for Navy units in the United States.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 12:08 pm