Streetbeat News

Assets

NRG

NRG Energy, Inc. (NYSE:NRG) has announced a proposed offering of pre-capitalized trust securities redeemable 2028 to replace its existing pre-capitalized trust securities redeemable 2023. The proceeds from the sale will be invested in a portfolio of U.S. Treasury securities and will be used as collateral for certain banks that have agreed to provide letters of credit for NRG's account. The offering is only available to qualified institutional buyers.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:51 pm

AAPL

AMD

AMZN

GOOGL

PLTR

SPY

TSLA

The article discusses the bearish market trends observed last week and the potential for a bullish recovery in the upcoming week. It mentions several US-listed companies and ETFs including SPY, AAPL, TSLA, GOOGL, AMD, PLTR, and AMZN. The author suggests that the bulls need to step up to reclaim the previously lost support or face more downside. The article also provides specific price levels and market structures for each mentioned asset.

Portfolio Pulse from Mando Trading

August 14, 2023 | 12:49 pm

NRBO

NeuroBo Pharmaceuticals, Inc. (NASDAQ:NRBO) has appointed Hyung Heon Kim as its new CEO and President, effective immediately. Kim, who has been a member of the company's board since July 2021, succeeds Joseph Hooker. Prior to this appointment, Kim served as the General Counsel and a Senior Vice President of Dong-A ST Co, Ltd., NeuroBo's largest stockholder and partner for its newly in-licensed assets, DA-1241 and DA-1726.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:48 pm

IHS

MA

META

Mastercard Inc (NYSE:MA) is set to acquire a minority stake in MTN Group Ltd's fintech business for $5.2 billion. The deal will involve a commercial agreement on payments and remittances using Mastercard's technology infrastructure to expand in Africa. The investment is expected to enhance MTN's valuation and balance sheet. Other companies like Airtel Africa Plc, Safaricom Plc, and Vodacom Group Ltd are also shifting towards digitalization.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 12:43 pm

RMR

The RMR Group (NASDAQ:RMR) reported approximately 4.7 million square feet of leasing activity for the three months ended June 30, 2023. The company executed 77 leases, including 37 with new tenants, resulting in a weighted average roll up in rents of 15.8% and a lease term of 10.3 years. Industrial leasing accounted for over 70% of the activity. The company's occupancy rate stands at 96%.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:20 pm

GOEV

Canoo (NASDAQ:GOEV) has finalized agreements on workforce and economic development incentives with the state of Oklahoma and the Cherokee Nation for its vehicle assembly and battery module manufacturing plants. The combined value of the incentives is up to $113 million over 10 years. The company plans to hire over 1,300 employees and invest more than $320 million in its Oklahoma City assembly facility and Pryor battery module manufacturing plant.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:19 pm

SCHW

Schwab reported its monthly activity, with core net new assets brought to the company totaling $13.7 billion. Total client assets were $8.24 trillion as of the end of July, up 13% YoY and 3% MoM. However, average margin balances were $63.0 billion in July, down 13% YoY but up 2% MoM.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 11:48 am

BTCUSD

The article discusses the amount of Bitcoin (CRYPTO: BTC) one would need to possess to match Elon Musk's net worth, which is estimated at $240.7 billion. Given the current Bitcoin price of $29,387 per coin, one would need approximately 8.18 million Bitcoins. However, the finite supply of Bitcoin (21 million coins) and the fact that only 1.54 million are left to be mined suggest that Bitcoin's price would need to significantly increase for an individual to reach Musk's wealth level.

Portfolio Pulse from Mehab Qureshi

August 14, 2023 | 11:40 am

PDSB

PDS Biotechnology reported Q2 losses of $(0.37) per share, in line with analyst consensus. This is an 85% increase in losses from the same period last year. The company has cash and equivalents of $60.6M, which it believes is sufficient to fund operations and R&D for the next 12 months.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 11:35 am

AAPL

BTCUSD

TSLA

Over the weekend, several stories made headlines including ethical accusations against Jared Kushner over a Saudi investment deal, Tesla's Cybertruck facing another breakdown during testing, North Korea's surprising military appointment, Nassim Nicholas Taleb's warning on Bitcoin, and Apple's plans for a significant upgrade for the tenth-anniversary edition of its smartwatch.

Portfolio Pulse from Benzinga Neuro

August 14, 2023 | 11:24 am