Streetbeat News

Assets

MMAT

Meta Materials (MMAT) expects to have $15.3M in cash, cash equivalents, and short-term investments as of May 31, 2023. The company also anticipates incurring non-cash impairment charges of about $282M in connection with its revised operational plan.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:51 pm

INBS

Intelligent Bio Solutions (NASDAQ:INBS) has received a second progress payment of $1.43 million as part of a $4.7 million scientific grant awarded in 2021. The grant is from the Australian Federal Government's Department of Industry, Science, Energy and Resources' Modern Manufacturing Initiative to fund a state-of-the-art medical device manufacturing facility.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:41 pm

BMTX

BM Technologies (BMTX) has announced the acquisition of Envel, Inc.'s software technology, which uses AI to automate elements of financial management such as budgeting, savings, and investments. The acquisition aims to enhance BMTX's features and capabilities.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:40 pm

SRGA

Surgalign Holdings (NASDAQ:SRGA) has entered into an asset purchase agreement to sell its U.S. hardware and biomaterials assets and related non-Debtor entities to Xtant Medical Holdings for $5 million. The sale will be conducted through chapter 11 bankruptcy proceedings.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:39 pm

DB

Deutsche Bank has formally requested regulatory approval from BaFin to provide custody services for cryptocurrencies and other digital assets. This move is part of the bank's broader initiative to boost revenue within its corporate banking sector and reflects similar efforts within its investment subsidiary, DWS Group.

Portfolio Pulse from Murtuza Merchant

June 20, 2023 | 12:39 pm

SPY

USA Housing Starts for May increased by 21.7%, significantly outperforming the estimated -0.8% and the prior month's -2.9%.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:31 pm

DB

Deutsche Bank has submitted a regulatory application to operate a digital asset custody service, including cryptocurrencies. The move aims to enhance fee income within the bank's corporate division and aligns with similar endeavors by its investment arm, DWS Group.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 12:31 pm

SPY

USA housing starts for May reached 1.631 million, significantly higher than the estimated 1.400 million and the prior figure of 1.340 million.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:30 pm

NDAQ

Nasdaq Inc has signed an agreement to transfer its European power trading and clearing business to the European Energy Exchange (EEX) for an undisclosed sum. The deal includes Nasdaq's Nordic, French, and German power futures and European carbon emission allowance futures. Nasdaq will continue to own and operate Nasdaq Clearing AB.

Portfolio Pulse from Lekha Gupta

June 20, 2023 | 12:28 pm

SHY

VGSH

Andreas Steno Larsen, Founder and CEO of Steno Research, believes that banking turmoil may continue due to persistent core inflation keeping monetary policy tight. The difference between money market fund rates and those offered by banks is also a cause of concern, with smaller banks likely to suffer. Bond markets are witnessing a decline, and the iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) and the Vanguard Short-Term Treasury Index Fund ETF (NASDAQ:VGSH) shed 0.14% on Friday.

Portfolio Pulse from Bhavik Nair

June 20, 2023 | 11:45 am