Streetbeat News

Assets

KKR

KKR & Co. Inc. has acquired an industrial park in Phoenix, Arizona, and an industrial warehouse in Atlanta, Georgia, for a combined purchase price of approximately $250 million. The acquisitions were made through KKR Real Estate Partners Americas III, KKR's Americas opportunistic equity real estate fund.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2023 | 12:20 pm

CEG

Constellation Energy Corp (CEG) has put its $1 billion hydrogen plan on hold, according to a Reuters report.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:07 pm

ARKK

EXAS

NVDA

TDOC

TWLO

UI

Cathie Wood, Ark Invest founder, clarified the decision to cash out of Nvidia Corp. (NASDAQ:NVDA) from its flagship fund Ark Innovation ETF (NYSE:ARKK) and highlighted new AI opportunities in companies like UiPath, Twilio, Exact Sciences, and Teladoc Health.

Portfolio Pulse from Shanthi Rexaline

May 31, 2023 | 12:07 pm

GOOG

MSFT

NVDA

Nvidia's AI server chips are reportedly in short supply, with priority given to major cloud service providers such as Google and Microsoft. This may affect the availability of AI chips for other customers.

Portfolio Pulse from Charles Gross

May 31, 2023 | 11:41 am

BIDU

Baidu has committed $140 million to finance Chinese startups exploring generative AI, tapping into the ChatGPT frenzy. The fund will be used to incubate projects built on Baidu's Ernie AI model. However, challenges include China's internet regulator requiring security reviews and the US semiconductor embargo affecting AI model training.

Portfolio Pulse from Anusuya Lahiri

May 31, 2023 | 11:15 am

KKR

KKR has acquired industrial warehouses in Phoenix and Atlanta for an aggregate purchase price of $250 million. The properties are strategically located near major transportation nodes, including Interstate Highway 10, Arizona State Route 101, CSX Fairburn Intermodal Terminal, and the Atlanta airport.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 11:06 am

EWJ

Japan's stock market outperformed global markets in May, led by the chip sector. The Nikkei Stock Average rose 2.1% during the month, while the iShares MSCI Japan ETF (EWJ) gained 1.9%.

Portfolio Pulse from Charles Gross

May 31, 2023 | 10:58 am

VCIG

VCI Global Limited (NASDAQ:VCIG) announced it will acquire a $1.5 million stake in GlobexUS Holdings Corp, subscribing for 500 new shares at $3,000 per share, expanding its business into the digital asset market.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 7:22 am

CCO

Clear Channel Outdoor (CCO) is continuing its review of strategic alternatives for its other European businesses, following the sale of its European assets in France, Italy, and the Netherlands.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 9:09 pm

MERC

Mercer has received Bankruptcy Court approval to acquire substantially all assets of Structurlam Mass Timber Corporation and its subsidiaries for $81.1 million, including production facilities in Arkansas and British Columbia. The transaction is subject to customary conditions and is expected to be completed shortly.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 9:03 pm