Streetbeat News

Assets

XELA

Exela Technologies has completed the sale of its high-speed scanner manufacturing and maintenance business, including the Intelliscan family of products, to Imaging Business Machines, LLC. The business generated $20.5 million in revenue in 2022.

Portfolio Pulse from Charles Gross

June 09, 2023 | 1:09 pm

GDX

GLD

SLV

Precious metals miners' shares rallied on Thursday, with the VanEck Gold Miners ETF (GDX) posting a 1.2% rise and several mining stocks reporting solid gains. The unexpected surge in unemployment claims sparked fears about a weakening labor market, triggering positive reactions for gold and silver mining companies.

Portfolio Pulse from Piero Cingari

June 09, 2023 | 1:09 pm

KW

PACW

Kennedy-Wilson Holdings Inc (NYSE:KW) has acquired the first tranche of a loan portfolio from Pacific Western Bank, a subsidiary of PacWest Bancorp (NASDAQ:PACW), for $1.6 billion. The deal is part of a previously announced $5.7 billion loan portfolio acquisition. The transaction will add over $2 billion to fee-bearing capital and boost KW's debt investment platform.

Portfolio Pulse from Lekha Gupta

June 09, 2023 | 12:33 pm

SHEL

USO

Shell plans to maintain or slightly increase its oil output until 2030, scrapping its annual oil output cut after already achieving its targeted reduction, according to Reuters sources.

Portfolio Pulse from Charles Gross

June 09, 2023 | 12:26 pm

KW

Kennedy Wilson (KW) has acquired the first tranche of a $5.7 billion loan portfolio from Pacific Western Bank for $1.6 billion. The first tranche, totaling $3.25 billion in total commitments and $1.8 billion in current principal balance, was acquired by KW and affiliates of Fairfax Financial Holdings Limited (TSX:FFH).

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 10:03 am

AMZN

DISH

T

Dish Network is reportedly desperate to raise funds to meet the 5G deadline, according to the NY Post. The company may seek partnerships or sell assets to generate the required capital.

Portfolio Pulse from Charles Gross

June 09, 2023 | 9:39 am

C

CS

FXI

UBS

Credit Suisse and its joint venture partner are seeking buyers for their China securities brokerage business. Citigroup initially showed interest but has since withdrawn.

Portfolio Pulse from Charles Gross

June 09, 2023 | 9:08 am

BTCUSD

Binance.US suspends USD deposits and prepares to pause fiat (USD) withdrawal channels as early as June 13, 2023, due to increased regulatory pressure following the SEC's lawsuit against the firm. The exchange will also start delisting USD pairs and limit trading to stablecoin pairs.

Portfolio Pulse from Mehab Qureshi

June 09, 2023 | 4:16 am

IWM

The iShares Russell 2000 ETF (NYSE:IWM) is consolidating after a strong month, with investors potentially moving money from mega-cap to mid-tier stocks. The ETF is forming an inside bar pattern on the daily chart, indicating a period of consolidation and a possible continuation move in the current trend.

Portfolio Pulse from Melanie Schaffer

June 08, 2023 | 9:03 pm

CNS

Cohen & Steers reported a decrease of $3.1B in assets under management (AUM) to $77.9B as of May 31, 2023, compared to $81B at April 30, 2023.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 8:30 pm