Streetbeat News

Assets

KW

PACW

Fairfax Financial Partners and Kennedy Wilson (KW) are set to acquire a loan portfolio from Pacific Western Bank (PACW) for approximately $2.1 billion.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 11:58 am

DB

DSEEY

JPM

MUFG

SFTBF

Daiwa Securities Group has allowed nearly 9,000 employees in Japan to use AI-powered chatbot ChatGPT, aiming to streamline retail business and improve efficiency. Other financial institutions, such as Deutsche Bank, JP Morgan, Softbank Group, and Mitsubishi UFJ Financial Group, are also exploring AI applications.

Portfolio Pulse from Anusuya Lahiri

June 05, 2023 | 11:42 am

AUMN

Golden Minerals (AUMN) announced the restart of silver and gold mining operations at Velardeña and is considering financing alternatives, sales of assets, and other strategic alternatives to avoid liquidation.

Portfolio Pulse from Charles Gross

June 05, 2023 | 10:56 am

KW

PACW

Kennedy-Wilson Holdings has waived the due diligence condition on a total of 73 loans in the portfolio under agreement with Pacwest, with a total purchase price of approximately $2.1 billion.

Portfolio Pulse from Charles Gross

June 05, 2023 | 10:28 am

CMCSA

TWTR

Former NBCUniversal executive Joe Benarroch has joined Twitter, focusing on enhancing and streamlining the company's business operations. This comes amidst a wave of executive changes at Twitter, including the recent departures of Ella Irwin and AJ Brown.

Portfolio Pulse from Ananya Gairola

June 05, 2023 | 9:06 am

USO

July crude oil prices rose 2.5% after Saudi Arabia pledged a new voluntary oil output cut of 1 million barrels per day for July.

Portfolio Pulse from Charles Gross

June 05, 2023 | 8:48 am

AMZN

SpaceX successfully launched 22 Starlink satellites to low-Earth orbit, increasing its satellite fleet. Meanwhile, Amazon's Project Kuiper, which aims to provide broadband access with 3,236 satellites, faces further delays with its first two prototype satellites now scheduled for mid-2023.

Portfolio Pulse from Anan Ashraf

June 05, 2023 | 6:35 am

BTCUSD

ETHUSD

Richard Teng, head of all regional markets outside the US for Binance, is reportedly a possible successor to CEO Changpeng Zhao, who is facing regulatory scrutiny from multiple countries. Teng has played a significant role in Binance's expansion and regulatory milestones.

Portfolio Pulse from Mehab Qureshi

June 05, 2023 | 5:20 am

BNO

VDE

Saudi Arabia announced a massive oil production cut of an extra one million barrels per day in July, causing oil prices to rise over $2 per barrel. The United States Brent Oil Fund (BNO) and the Vanguard Energy Index Fund ETF (VDE) gained 2.88% and 3.12% respectively.

Portfolio Pulse from Bhavik Nair

June 05, 2023 | 1:30 am

BAC

Bank of America reports that money market funds have attracted $756 billion in investments this year due to the US banking crisis and the Federal Reserve's rate hikes. Tech stocks continue to see inflows, with $500 million invested in tech stock funds for the sixth consecutive week.

Portfolio Pulse from Bibhu Pattnaik

June 04, 2023 | 3:07 pm