Streetbeat News

Assets

REI

Ring Energy, Inc. (NYSE:REI) has announced an agreement to acquire the Central Basin Platform assets of Founders Oil & Gas IV, LLC for $75 million. The assets are located in the Permian Basin in Ector County, Texas. The transaction will be funded with cash on hand and borrowings under Ring's senior revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:48 am

AL

BA

Air Lease Corporation (AL) has announced its Q2 2023 activities, which include the delivery of 19 new aircraft from its order book, $1.5 billion investment in aircraft, and the sale of 8 aircraft to third-party buyers for a total of $600 million. The company also entered into approximately $900 million of financing transactions during the quarter. As of June 30, 2023, ALC's fleet was comprised of 448 owned aircraft and 80 managed aircraft, with 359 new aircraft on order from Boeing (BA) and Airbus set to deliver through 2029.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:38 am

BTCUSD

In June 2022, Snoop Dogg expressed confidence in the crypto industry's ability to rebound and thrive in the long run. He described the crypto industry as a beautiful industry and saw the market crash as a necessary process to cleanse the industry from bad actors. Those who invested $100 in Bitcoin (BTC) on the day he voiced his admiration for the sector would have gained profits of 50.27%, totaling $150.27.

Portfolio Pulse from Mehab Qureshi

July 11, 2023 | 10:20 am

TSM

Taiwan Semiconductor Manufacturing Company (TSMC) is set to begin construction of its second factory in Kumamoto in April next year. The factory will start production of 12-nano semiconductors in 2026.

Portfolio Pulse from Charles Gross

July 11, 2023 | 10:12 am

SPY

The NFIB Small Business Optimism index for June came in at 91.0, higher than the estimated 89.9 and the previous month's 89.4.

Portfolio Pulse from Charles Gross

July 11, 2023 | 10:07 am

RMTI

Rockwell Medical has acquired the hemodialysis concentrates business from Evoqua Water Technologies for $11M upfront cash plus two milestone payments. The deal includes all contracts, intellectual property, FDA 510(k) clearances, and assets related to Evoqua's concentrates business.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:02 am

USO

OPEC Secretary General Al Ghais has forecasted a 23% rise in global energy demand through 2045. He also stated that the global oil industry would require an investment of $12.1 trillion during the same period, a level that is currently not on track to be reached.

Portfolio Pulse from Charles Gross

July 11, 2023 | 9:49 am

TSLA

Tesla has been granted U.S. Patent #11698773 for an accelerated mathematical engine. This could potentially enhance the company's technological capabilities and give it a competitive edge.

Portfolio Pulse from Charles Gross

July 11, 2023 | 9:09 am

AC

Associated Capital (AC) reported its 2Q23 book value to be between $41.35 and $41.55 per share. The company's assets under management were $1.55 billion at the end of June 2023, down from $1.80 billion a year earlier.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 5:36 am

ETHUSD

The Squid 2.0 Coin has become the most trending cryptocurrency on DEXTools, sparking concerns about its authenticity due to the scam history of its predecessor, Squid Game token. The new coin has a fully diluted market capitalization of over $21 million and has experienced a 45% surge in value and over $4.47 million in trading volume in the past 24 hours.

Portfolio Pulse from Mehab Qureshi

July 11, 2023 | 4:53 am