Streetbeat News

Assets

VTS

Vitesse Energy has appointed a new Chief Financial Officer, who is also named Vitesse Energy.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 10:56 am

JNJ

KVUE

Johnson & Johnson has secured $13.2 billion in cash proceeds from the Kenvue debt offering and initial public offering. The company still maintains a 9.5% equity stake in Kenvue.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 10:41 am

GLPI

Gaming and Leisure Properties Inc (NASDAQ:GLPI) has acquired the land associated with the Hard Rock Casino development project in Rockford, Illinois, for $100 million. The company has also entered into a 99-year ground lease with 815 Entertainment, with an initial annual rent of $8 million. Additionally, GLPI has committed to providing up to $150 million of development funding via a senior secured delayed draw term loan.

Portfolio Pulse from Shivani Kumaresan

August 30, 2023 | 10:13 am

CONN

Conn's, Inc has opened 4 new standalone stores during Q2, bringing its total store count to 175 across 15 states. The company plans to open 10 more standalone locations during FY24.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 10:05 am

BTCUSD

COIN

ETHUSD

Rep. Warren Davidson criticized SEC head Gary Gensler for his actions against the cryptocurrency industry, following a court ruling in favor of Grayscale's application to convert the Grayscale Bitcoin Trust into an ETF. The ruling had a significant impact on the crypto market, with Bitcoin, Ethereum, and other altcoins surging. Coinbase Global Inc, listed as a custodian partner in multiple spot bitcoin ETF applications, saw its shares rise by over 14% after the decision.

Portfolio Pulse from Mehab Qureshi

August 30, 2023 | 7:54 am

NOTV

Inotiv has completed the sale of its Israeli businesses to Harlan Holdings as part of its strategic optimization plan. The move is expected to streamline operations and improve profitability.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 5:39 am

BTCUSD

ETHUSD

GBTC

Crypto shorts worth $120 million were liquidated in a single day following a spike in Bitcoin and Ethereum prices. This was triggered by a US appeals court ruling in favor of Grayscale against the SEC, allowing the company to convert its Bitcoin Trust into an ETF. The ruling led to Bitcoin's largest daily gain in several months, with a surge of over 7%. The largest individual liquidation order occurred on Binance, involving ETH with a value of $2.15 million.

Portfolio Pulse from Mehab Qureshi

August 30, 2023 | 5:35 am

MU

SSNLF

China is exploring strategies to manufacture high-bandwidth memory (HBM) chips, a new generation of AI-specific memory chips, to achieve semiconductor self-sufficiency amid US sanctions. The initiative is expected to be led by ChangXin Memory Technologies (CXMT), China's leading dynamic random access memory (DRAM) manufacturer. However, it may take up to four years to market the products. The move is seen as a challenge to global leaders like SK Hynix, Samsung Electronics, and Micron Technology.

Portfolio Pulse from Benzinga Neuro

August 30, 2023 | 5:11 am

EWA

Australia's construction work done for Q2 has been reported at 0.4%, lower than the estimated 1% and significantly lower than the prior figure of 3.8%.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 4:31 am

EWA

Australia's building approvals for July have significantly decreased by 8.1%, compared to the estimated decrease of 0.8% and the prior decrease of 7.9%.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 4:31 am