Streetbeat News

Assets

SNOW

Snowflake has announced the pricing of $1 billion in 0% convertible senior notes due in 2027 and another $1 billion due in 2029. This move is likely aimed at raising capital without immediate interest expenses.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:36 am

BAC

BRK

Warren Buffett's Berkshire Hathaway has reduced its holdings in Bank of America by $863 million, bringing its stake closer to a 10% regulatory threshold. Despite the sale, Berkshire remains the largest shareholder with a $32.1 billion stake. Bank of America is expanding its retail banking presence with plans to open over 165 new financial centers by 2026.

Portfolio Pulse from Kaustubh Bagalkote

September 25, 2024 | 3:22 am

HUN

Huntsman Corporation has announced the pricing of its $350 million senior notes due in 2034. This move is part of the company's strategy to manage its debt and finance its operations.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 9:20 pm

SPY

USO

The USA API reported a significant crude oil stock draw of 4.339 million barrels, compared to the expected draw of 1.100 million barrels. This is a notable change from the previous build of 1.960 million barrels.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:36 pm

AL

Air Lease Corporation has delivered the first Airbus A220-300 to TAAG Angola Airlines, marking the start of a long-term lease agreement. This is the first of six A220-300s that will be delivered to TAAG from ALC's orderbook with Airbus.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:32 pm

HUN

Huntsman International has filed for an offering of $350 million in 5.700% senior notes due in 2034, according to an SEC filing. This move is likely aimed at raising capital for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:11 pm

WVE

Wave Life Sciences Ltd. (NASDAQ:WVE) announced a $175 million public offering of ordinary shares and pre-funded warrants. The offering includes a 30-day option for underwriters to purchase an additional 15% of shares. J.P. Morgan and Leerink Partners are joint book-running managers.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:01 pm

TSM

Taiwan Semiconductor Manufacturing (TSM) shares rose after reports of a $7.5 billion government-approved investment in its Arizona unit.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 7:54 pm

KMI

SLB

TSLA

XOM

Bill Baruch of Blue Line Capital is reallocating his portfolio by trimming Tesla and Schlumberger stocks and increasing positions in Exxon Mobil and Kinder Morgan. He believes in the potential of energy, especially in relation to AI, and sees value in Exxon Mobil and Kinder Morgan.

Portfolio Pulse from Adam Eckert

September 24, 2024 | 7:50 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are trading flat with Bitcoin and Dogecoin in the green, while Ethereum is down. Notable developments include increased large transaction volumes and Bitcoin ETFs seeing inflows. Analysts predict potential market movements for Bitcoin.

Portfolio Pulse from Khyathi Dalal

September 24, 2024 | 7:15 pm