Streetbeat News

Assets

KBE

KRE

SPY

XLF

The Federal Reserve's Barr has proposed extending enhanced capital standards to banks with $100B in assets, a significant decrease from the previous $700B threshold, according to the Wall Street Journal.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 2:18 pm

FSR

Fisker Inc (NYSE:FSR) has signed a securities purchase agreement to offer $340 million of 0% senior unsecured convertible notes due 2025 to an institutional investor, with the potential to increase the aggregate principal amount to $680 million. The company intends to use the net proceeds for general corporate purposes, including working capital and an additional battery pack line to support growth in 2024. Fisker is also canceling the remaining balance of its at-the-market equity program, which was approximately $23.4 million as of June 30, 2023.

Portfolio Pulse from Shivani Kumaresan

July 10, 2023 | 2:17 pm

IEP

According to an 8K filing, lenders are not giving Icahn any credit for the open market's premium to NAV. Icahn will be required to use any IEP distributions or unit sale proceeds to prepay his loans or be posted as additional collateral.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 2:10 pm

ASST

BFRG

CVNA

ZEV

The article lists potential short squeeze stocks to watch, including Asset Entities, Lightning eMotors, Bullfrog AI, Carvana, and others. High short interest and steep borrowing costs are common traits that could lead to a short squeeze. The top five short squeeze candidates are Asset Entities, Intuitive Machines, Toro Corp, MoonLake Immunotherapeutics, and Lightning eMotors.

Portfolio Pulse from Chris Katje

July 10, 2023 | 2:07 pm

SPY

USA Wholesale Trade Sales for May have decreased by 0.2%, which is lower than the estimated 0.3% and the prior 0.2%.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 2:01 pm

SPY

USA Wholesale Inventories for May remained unchanged at 0.0%, beating the estimated -0.1% and matching the prior figure of -0.1%.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 2:00 pm

KBE

KRE

SPY

XLF

Federal Reserve Vice Chair Michael Barr is discussing bank capital in a live session. The ETFs KBE, KRE, SPY, and XLF may be mentioned during the discussion.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:57 pm

ETHUSD

Mantle Network, an Ethereum layer-2 network, is proposing a $200 million ecosystem fund, the Mantle EcoFund, to promote developer and decentralized applications (dApps) adoption. The fund will consist of $100 million USDC from the Mantle Treasury and an expected matching capital of $100 million from various venture partners. An independent committee will oversee the investments made by the Mantle EcoFund. The fund will operate with a three-year target deployment period and a possible two-year extension.

Portfolio Pulse from Murtuza Merchant

July 10, 2023 | 1:55 pm

FXI

General Motors Co (GM) has announced plans to increase its electric vehicle (EV) manufacturing capacity in China, aiming to produce more than 1 million units annually by 2025.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:54 pm

AGR

Avangrid, Inc. (NYSE:AGR), a sustainable energy company, has reached a capacity of 8.6 GW through its over 70 wind and solar facilities across the U.S., equivalent to powering over 2.8 million homes with renewable energy. The company is the third largest renewable energy operator in the country and operates in 24 states. To celebrate this milestone, Avangrid will launch a social media campaign highlighting its investments and presence in each state.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:53 pm