Streetbeat News

Assets

OSTK

Overstock.com has completed its acquisition of certain IP assets of Bed Bath & Beyond, including website and domain names, trademarks, tradenames, patents, a customer database and loyalty program data. The company plans to combine its asset-light business model with the Bed Bath & Beyond brand under a Bankruptcy Court supervised process. Overstock plans to re-launch the Bed Bath & Beyond domain in Canada within the next week and in the United States in the coming weeks.

Portfolio Pulse from Adam Eckert

June 28, 2023 | 8:41 pm

BOTZ

NVDA

SMH

TRFK

The U.S. government is considering stringent export restrictions on AI chips to China, which could impact companies like Nvidia Corporation and cause volatility in semiconductor ETFs like VanEck Semiconductor ETF, Global X Robotics & Artificial Intelligence ETF, and Pacer Data and Digital Revolution ETF. The restrictions could potentially lead China to bolster its own semiconductor industry.

Portfolio Pulse from AJ Fabino

June 28, 2023 | 8:35 pm

KRE

SPY

XLF

The Federal Reserve has reported that banks have shown over $100 billion in losses from commercial real estate and residential mortgages, and $120 billion in credit card losses. These figures are an increase from those reported in 2022.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:33 pm

KRE

SPY

XLF

The Federal Reserve has reported that banks showed $64.9 billion in projected losses from commercial real estate, marking an 8.8% decline of average balances. This is a decrease from the losses reported in 2022.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:32 pm

ELME

Elme Communities has appointed Tiffany Butcher as its new Executive Vice President and COO, effective from July 10, 2023. In her role, she will guide the company's operating strategy, implement operational improvements, and align operations and asset management with the strategic goals set by the CEO and Board of Trustees.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:32 pm

GS

SPY

The Federal Reserve has indicated that Goldman Sachs Group has the highest projected commercial real estate loan loss rate of 16% of average loan balances.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:32 pm

GEHC

GE HealthCare Techs Inc. (NASDAQ:GEHC) has seen its shares drop by 5.65% over the past three months. The company's total debt stands at $10.24 billion, with $10.23 billion in long-term debt and $5.00 million in current debt. After adjusting for $2.33 billion in cash-equivalents, the net debt is $7.91 billion. The debt-ratio, a measure of financial leverage, is 0.31, indicating that a significant portion of the company's assets are funded by debt.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 8:31 pm

ROK

Rockwell Automation (NYSE:ROK) has outperformed the market over the past 10 years by 3.77% on an annualized basis, producing an average annual return of 14.24%. If an investor had bought $1000 of ROK stock 10 years ago, it would be worth $3,779.39 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 8:31 pm

PPG

PPG Indus (NYSE:PPG) has outperformed the market over the past 20 years by 1.49% on an annualized basis, producing an average annual return of 9.1%. If an investor had bought $100 of PPG stock 20 years ago, it would be worth $570.35 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 8:30 pm

KTRA

Kintara Therapeutics has secured a $2.0M SBIR grant from the National Institutes of Health to support the clinical development of REM-001.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:20 pm