Streetbeat News

Assets

BLK

BlackRock Inc. (NYSE:BLK) has announced a definitive agreement to acquire Kreos Capital, a leading provider of growth and venture debt financing to technology and healthcare companies. The acquisition will strengthen BlackRock's position as a global credit asset manager and expand its private market investment offerings.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 9:00 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', warns of the 'greatest real estate crash ever' in 2023, making the 2008 financial crisis look insignificant. He recommends buying gold, silver, and Bitcoin (CRYPTO: BTC) as a hedge.

Portfolio Pulse from Shanthi Rexaline

June 08, 2023 | 8:40 am

AMOM

AMZN

NVDA

Qraft Technologies' AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) sold off its entire Nvidia (NVDA) holdings in June, accounting for 9.21% of the ETF's holding in May. AMOM has opened a position in Amazon (AMZN), which now accounts for 8.01% of the ETF's portfolio.

Portfolio Pulse from Shanthi Rexaline

June 08, 2023 | 8:03 am

CSWC

Capital Southwest (CSWC) has priced a public offering of $62.5 million of 7.75% notes due 2028.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 9:14 pm

DEI

HPP

OPI

SLG

VNO

The COVID-19 pandemic and the rise of remote work are causing turmoil in the commercial real estate market, with tech giants like Microsoft, Alphabet, Meta Platforms, and Amazon scaling back their real estate footprints. Office real estate prices have declined 15% over the past year, and short interest is rising in commercial real estate stocks such as SL Green Realty, Hudson Pacific Properties, Vornado Realty Trust, Office Properties Income Trust, and Douglas Emmet.

Portfolio Pulse from Piero Cingari

June 07, 2023 | 9:14 pm

ACNT

Ascent Industries expects to incur pre-tax cash charges of $2.8M-$6.7M in connection with the closure of its Munhall facility in FY23.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 8:56 pm

ACNT

Ascent Industries expects to complete the exit and disposal of all assets at its Munhall facility within one year.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 8:55 pm

ACNT

Ascent Industries announced its decision to permanently cease operations at its welded pipe and tube facility in Munhall, Pennsylvania, effective on or around August 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 8:53 pm

PRIM

Primoris Services has received multiple awards with a combined value of over $650 million for its energy segment. The projects are expected to commence in Q2 and Q3 of 2023.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 8:46 pm

RHP

Ryman Hospitality Properties (RHP) has upsized and priced its offering of senior notes due 2028 at $400 million, an increase from the previously announced $300 million. The notes will be senior unsecured obligations and guaranteed by the company and its subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 8:45 pm