Streetbeat News

Assets

SIRI

SiriusXM has reiterated its full-year 2024 revenue and adjusted EBITDA guidance, along with its long-term target leverage ratio. The company plans to complete its analysis of goodwill and other intangible assets by Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:26 am

BAM

Brookfield has announced a strategic funding partnership with Infinium, committing to invest up to $1.1 billion. This includes over $200 million for Infinium's Project Roadrunner in West Texas and up to $850 million for other global eFuels projects.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:20 am

ENTO

Entero Therapeutics has signed a Letter of Intent with Data Vault to license their clinical trial management platform for GI disease trials. The agreement includes issuing convertible preferred stock to Data Vault and revenue sharing. The deal is expected to close by the end of September, contingent on a strategic investment of at least $500K.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:08 am

BTCUSD

A Federal Reserve survey highlights a disconnect between Bitcoin's market price and ownership, with ownership rates dropping despite price recovery. The survey raises concerns about the lasting impact of the 2022 crypto winter on investor sentiment.

Portfolio Pulse from Aniket Verma

September 10, 2024 | 7:26 am

IGT

International Game Technology PLC (IGT) plans to issue new euro-denominated senior secured notes due 2030 to redeem $500M of its 2025 notes. The proceeds will also cover issuance costs and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 7:06 am

EWA

Australia's building approvals for July increased by 10.4%, matching estimates and showing a significant recovery from the previous month's decline of 6.4%. This data could impact ETFs with exposure to the Australian market, such as EWA.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 5:43 am

BRK

Berkshire Hathaway, led by Warren Buffett, has surpassed a $1 trillion market cap. Buffett's sister, Bertie Buffett Elliott, invested heavily in the company, trusting her brother's investment strategy despite its no-dividend policy. Her story highlights the benefits of long-term investment in Berkshire Hathaway.

Portfolio Pulse from Chris Katje

September 09, 2024 | 11:29 pm

UAA

Under Armour has updated its Fiscal Year 2025 restructuring plan, increasing expected pre-tax restructuring charges to $140-$160 million, largely due to exiting a distribution facility in Rialto, California. The company has already incurred $34 million in charges as of June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 9:18 pm

INVH

Invitation Homes Inc. announced it has entered agreements to acquire 580 single-family homes for lease, investing approximately $216 million. These acquisitions are in core markets like Tampa, Denver, and the Carolinas, with 80% being completed homes.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:32 pm

DLR

Digital Realty has announced the pricing of €850 million of 3.875% Guaranteed Notes due 2033, issued by its subsidiary Digital Dutch Finco B.V. This move is part of its financial strategy to support its operations as a leading provider of data center solutions.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:24 pm