Streetbeat News

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KBE

XLF

The Federal Reserve's Michael Barr announced that the re-proposals for Basel and GSIB surcharge rules would increase capital for Global Systemically Important Banks (GSIBs) by 9%, compared to the original plan's 19% increase. Barr will recommend regulators re-propose the 'Basel Endgame' and GSIB surcharge rules. The changes would exempt banks with assets under $250 billion from most new requirements, except for recognizing unrealized gains and losses of securities.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 2:01 pm

PRFX

PainReform has exercised warrants, resulting in gross proceeds of $1.58 million. This financial move could impact the company's liquidity and future operations.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:51 pm

ASTS

The article discusses the recent options trading activity for AST SpaceMobile (NASDAQ:ASTS), highlighting a bearish sentiment among large investors. Despite a slight increase in stock price, the options market shows a mixed sentiment with a slight bearish tilt. Analysts maintain positive ratings with high target prices.

Portfolio Pulse from Benzinga Insights

September 10, 2024 | 1:48 pm

AMD

Advanced Micro Devices (AMD) has seen unusual options activity, with a significant number of bearish positions taken by large investors. This suggests potential volatility in AMD's stock price. The options activity includes 18 notable trades, with a mix of puts and calls, indicating a divided sentiment among investors. The price targets for these options range from $105 to $150.

Portfolio Pulse from Benzinga Insights

September 10, 2024 | 1:48 pm

ETHE

FBTC

GBTC

Bitcoin ETFs saw mixed inflows and outflows, with Fidelity's ETF gaining $28.59 million and Grayscale's losing $22.76 million. Bitcoin remains in bearish territory below $61,100. Ethereum ETFs continued outflows, led by Grayscale's $22.64 million outflow. Market uncertainty is high, with potential catalysts like the Harris-Trump debate and CPI data announcement.

Portfolio Pulse from Murtuza Merchant

September 10, 2024 | 1:28 pm

UA

Under Armour (NYSE:UA) shares are down premarket due to an update on its FY25 restructuring plan, which includes $140-$160 million in charges. The company plans to exit its Rialto, California distribution facility by March 2026. Despite a sales decline, Under Armour beat Q1 estimates but revised its operating loss expectations upwards.

Portfolio Pulse from Lekha Gupta

September 10, 2024 | 1:27 pm

CTRM

Castor Maritime Inc. (NASDAQ:CTRM) has agreed to acquire a 2009-built 1,850 TEU containership for $16.49 million, financed with cash on hand. The acquisition is expected to close by October 2024, with the vessel employed under a four-month time charter at $29,000 per day.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:03 pm

EQNR

GINX

KEAT

Equinor ASA (NYSE:EQNR) has discovered gas and condensate in the Norwegian Sea, but its shares are trading lower premarket. The discovery is part of the Lavrans development, with estimates of 2-4 million Sm³ of recoverable oil equivalent. Equinor plans significant investments in offshore oil and gas projects in Norway until 2035. Investors can access Equinor through ETFs like SGI Enhanced Global Income ETF (NASDAQ:GINX) and Keating Active ETF (NASDAQ:KEAT).

Portfolio Pulse from Lekha Gupta

September 10, 2024 | 12:27 pm

IXHL

Incannex Healthcare has entered into an agreement to issue up to $10 million in secured convertible notes to Arena Investors and its affiliates. Additionally, the company will secure a $50 million equity line of credit with Arana Business Solutions.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:18 pm

WYNN

Wynn Resorts' subsidiaries are offering $800 million in senior notes due 2033 in a private offering. This move is likely aimed at raising capital for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:05 pm