Streetbeat News

Assets

AER

AerCap Holdings has received a cash insurance settlement of approximately $645 million over 17 jets leased to Aeroflot in Russia. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 12:58 pm

IDAI

Trust Stamp (NASDAQ:IDAI) has received its 18th and 19th patents from the U.S. Patent Office, expanding the utility of its AI-powered tokenization technology. The patents are related to the tokenization of biometric data and broaden the company's patent coverage. The technology can be used as part of Trust Stamp's identity validation services or overlaid on legacy biometric service providers.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:43 pm

SHY

The U.S. economy has outperformed expectations, leading Federal Reserve officials to consider doubling their 2023 growth projections. Positive indicators include consumer spending and residential investment. The Atlanta Fed estimates a 5.6% annualized expansion in Q3. This could lead the Fed to revise its 2024 interest-rate cut projections. The new projections are expected to be around 1.8% to 2%, with lower unemployment rate predictions. The iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) is 0.4% lower in September.

Portfolio Pulse from Piero Cingari

September 06, 2023 | 12:40 pm

PAVS

Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) has signed a non-binding Letter of Intent to acquire BlueLine Studios Inc., a video game developer, for approximately $3.2 million in cash and unregistered Class A ordinary shares. The deal is expected to close in Q4 2023, subject to approvals and financing. The acquisition is part of Paranovus's strategic shift towards AI-powered online entertainment. BlueLine Studios, known for its AI-powered games, will focus on the development of the Hollywood Sunshine project post-acquisition.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:36 pm

SPY

USA's exports have increased to $251.66 billion from the previous figure of $247.50 billion.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:32 pm

SPY

USA's imports have increased to $316.70 billion from the previous figure of $313.00 billion.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:31 pm

HYMC

Hycroft Mining Holding Corporation (NASDAQ:HYMC) has announced positive results from its Metallurgical Flotation Variability Study. The study confirms average flotation recoveries of 89% for gold and 93% for silver, an increase from 80% for both metals in the March 2023 Technical Report. The improved recoveries are due to modifications to the grind size, reagents, and retention time. The results will be used to design the Hycroft processing facility for the next phase of commercial operations.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:07 pm

PEP

PepsiCo's Indian arm is investing approximately $9.33 million to establish its first food-centric manufacturing facility in Assam, Northeast India. The plant, projected to be operational by 2025, will create job opportunities for over 450 individuals. PepsiCo India plans to source 50,000 tonnes of potatoes from the region and stimulate demand for a cold storage capacity of 60,000 tonnes. The company also signed a MoU to boost women’s employment in the region.

Portfolio Pulse from Benzinga India Staff

September 06, 2023 | 11:46 am

BTCUSD

A decade ago, crypto advocate Davinci Jeremie urged his followers to buy Bitcoin (CRYPTO: BTC), even if it was just $1 worth. Since then, Bitcoin has increased in value by 22,693%. Despite initial skepticism from his community, Jeremie's video has since garnered 4.3 million views and 187,000 likes.

Portfolio Pulse from Mehab Qureshi

September 06, 2023 | 11:30 am

BNED

Barnes & Noble Education has appointed Kevin F. Watson as its Executive Vice President and CFO, effective from September 7, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:14 am