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Assets

SPY

USA New Home Sales for the month of July increased by 4.4%, compared to a decrease of 2.5% in the prior month.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 2:00 pm

EGPT

EIS

UNG

Israel has increased its gas exports to Egypt, according to the country's Energy Minister. This move could potentially affect the performance of certain ETFs that are exposed to the Israeli and Egyptian markets, as well as the natural gas market.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:51 pm

SPY

The S&P Global Composite PMI for August was reported at 50.4, lower than the estimated 52.0 and the prior figure of 52.0.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 1:49 pm

SPY

The S&P Global U.S. Services PMI for August was reported at 51.0, lower than the estimated 52.3 and the prior figure of 52.3.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 1:48 pm

XLRE

The U.S. housing market is experiencing a significant shock as mortgage rates surge to 7.31%, the highest level since December 2000. This increase is linked to the recent surge in long-term Treasury yields. The rise in mortgage rates has led to a decrease in mortgage applications and has negatively impacted the Real Estate Select Sector SPDR Fund (NYSE:XLRE), which is down 18% compared to a year ago. The upcoming Jackson Hole Symposium hosted by the Federal Reserve is expected to provide clarity on the economic outlook and the future path of interest rates.

Portfolio Pulse from Piero Cingari

August 23, 2023 | 1:17 pm

GLDD

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has been awarded the Port Arthur LNG Phase 1 project Marine Dredging and Disposal contract by Bechtel Energy, Inc., in partnership with Sempra Infrastructure. The project involves dredging the Port Arthur LNG Berthing Pocket on the Port Arthur Ship Canal and using the dredged materials to restore and enhance local marshlands. The project is expected to start later this year.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 1:08 pm

GRI

GRI Bio has entered into an asset purchase agreement with Aardvark Therapeutics for the sale of its legacy asset, ADAIR, for approximately $80 million.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:06 pm

ALEAF

RWBYF

The Ontario Superior Court of Justice has approved a stalking horse asset purchase and share subscription agreement where Red White & Bloom Brands Inc. (OTC:RWBYF) (CSE:RWB) would acquire certain assets from Aleafia Health Inc. (OTCPK:ALEAF) and subscribe for shares of certain subsidiaries of Aleafia Health. The agreement is part of Aleafia's proceedings under the Companies’ Creditors Arrangement Act. The deal is subject to certain conditions, including court approval, regulatory approvals, and the licenses being in good standing.

Portfolio Pulse from Vuk Zdinjak

August 23, 2023 | 12:57 pm

INDA

India's Chandrayaan-3 spacecraft successfully landed on the moon, making India the fourth country to achieve this feat. The mission is a follow-up to the Chandrayaan-2 lunar program, which failed minutes before touchdown in 2019. The successful landing comes amid a significant year for India on the international stage, with the country surpassing China as the world's most populous nation and preparing to host the Group of 20 summit.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 12:43 pm

HEPS

Craftgate, a 'One-Stop Shop' payment orchestration platform, has received a $1M investment from Hepsiburada and D4 Ventures. This funding could help Craftgate expand its services and reach.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 12:28 pm