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Assets

FXI

China's new stimulus package is split equally between boosting consumption and aiding local governments with debt issues. This could impact the iShares China Large-Cap ETF (FXI), which tracks major Chinese companies.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 9:30 am

FXI

China plans to issue $284 billion in sovereign debt as part of a new fiscal stimulus package. Some measures could be announced this week, according to sources.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 9:28 am

IBIT

The U.S. is regaining its dominance in Bitcoin holdings, driven by increased demand for spot Bitcoin ETFs. This trend is highlighted by a rise in the U.S. To The Rest Reserve Ratio, indicating growing institutional adoption. BlackRock's iShares Bitcoin Trust ETF (NASDAQ:IBIT) holds a significant portion of these assets.

Portfolio Pulse from Aniket Verma

September 26, 2024 | 9:02 am

MERC

Mercer International's Peace River Mill has halted operations to repair its digester following a mechanical failure.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 7:03 am

SGE

FG Acquisition Corp. has completed a $4.3 million private placement following its acquisition of Strong/MDI Screen Systems. The funds will support the acquisition, growth initiatives, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 6:59 am

WD

Walker & Dunlop has financed $137.29 million for Luka On The Common, a 398-unit, 30-story trophy asset in downtown Boston.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 6:58 am

WVE

Wave Life Sciences Ltd. has raised $200 million through a secondary stock offering, selling 23.1 million shares at $8 each. The offering includes pre-funded warrants and is expected to close by September 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 6:53 am

PGY

Pagaya Technologies shares fell after announcing a $125 million private offering of exchangeable senior notes due 2029.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 9:04 pm

PGY

Pagaya Technologies plans to offer $125 million in exchangeable senior notes due 2029 in a private offering. This move could impact the company's financial strategy and stock performance.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 9:00 pm

FI

WFC

Fiserv expects a non-cash impairment charge of $400-$600 million for its investment in Wells Fargo Merchant Services JV in Q3, but it won't affect 2024 adjusted EPS. The JV, owned 40% by Fiserv and 60% by Wells Fargo, will expire in 2025, with Fiserv receiving compensation based on a contractual valuation.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:49 pm