Streetbeat News

Assets

APO

WOLF

Apollo Global Management (APO) leads a group of lenders providing up to $2 billion to Wolfspeed (WOLF) for its expansion in the US. The financing includes $1.25 billion in immediate cash and $750 million for future drawing. Proceeds will support the expansion of Wolfspeed's production facilities to supply silicon carbide wafers to automakers.

Portfolio Pulse from Anusuya Lahiri

June 26, 2023 | 11:34 am

BTCUSD

YouTuber MrBeast invested $1.5 million in Bitcoin (BTC) when it was trading at $46,300. If someone invested $100 in BTC today at the current price of $30,366 and waited for it to reach $46,300, they would gain potential returns of 52.15%.

Portfolio Pulse from Mehab Qureshi

June 26, 2023 | 11:11 am

LTHM

A fire broke out at Livent's Bessemer City manufacturing facility on June 26, 2023. All onsite personnel were safely evacuated.

Portfolio Pulse from Charles Gross

June 26, 2023 | 10:44 am

ARES

PACW

Ares Management has acquired a $3.5 billion lender finance portfolio from Pacific Western Bank, expanding its presence in the lender finance market.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 10:33 am

LMNR

Limoneira has identified $180M of non-core assets for sale, with the remaining $50M to be realized within the next 12 months. The company expects to realize $25M of planned incremental EBITDA growth over the next five fiscal years.

Portfolio Pulse from Charles Gross

June 26, 2023 | 10:28 am

SDRL

Seadrill Limited (SDRL) is in active discussions to sell its Qatar Jack-Up Fleet and its 50% equity interest in Gulfdrill LLC. No agreement on material terms, including price, has been reached with any potential purchaser, and any transaction remains subject to due diligence and definitive agreements.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 7:27 am

MDJH

MDJM LTD (Nasdaq: MDJH) has completed the acquisition and renovation of two UK hotel properties, Fernie Castle and Robin Hill Hotel, as part of its globalization strategy. This marks the completion of the first phase of MDJM's repositioning and upgrade.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 7:25 am

GLD

IAU

Gold prices edged higher during Monday's Asian trading session due to Russia's internal chaos and a soft dollar. However, gains were capped by concerns over extended rate hikes by the Federal Reserve and higher-than-expected inflation. The SPDR Gold Trust (NYSE:GLD) and the iShares Gold Trust (NYSE:IAU) both closed higher on Friday.

Portfolio Pulse from Bhavik Nair

June 26, 2023 | 4:30 am

GOLD

Valor Resources has entered into a binding Earn-in agreement with Barrick Gold Corporation for the Charaque Project in Peru. Barrick will have a 5-year option to acquire a 70% interest in the project for cash payments totaling $800,000 and exploration spending of $3,000,000.

Portfolio Pulse from Charles Gross

June 25, 2023 | 11:28 pm

BTCUSD

Macro guru Hugh Hendry predicts that Bitcoin's market cap will triple to $1.5 trillion, driven by worsening macroeconomic conditions, regulatory targeting of non-commodity digital assets, and increased institutional involvement such as BlackRock's Bitcoin spot ETF push. He also mentioned that gold is a sound investment during a downturn but has limited upside potential.

Portfolio Pulse from Bibhu Pattnaik

June 25, 2023 | 7:39 pm