Streetbeat News

Assets

MBLY

Mobileye shares are experiencing a decline after reports emerged that Intel is considering selling a portion of its stake in the company.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 11:59 am

FFIE

Faraday Future Intelligent Electric shares rose after securing $30 million in financing from investors in the Middle East, the U.S., and Asia.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 11:36 am

CREV

Carbon Revolution announced that OIC has released an additional $5M from a $35M escrowed facility, totaling $30M released so far. In return, Carbon Revolution issued a warrant to OIC for 2.5% of its outstanding shares.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 10:37 am

INTC

MBLY

Intel is reportedly exploring the sale of part of its stake in Mobileye, a move that could impact both companies' stock prices. This decision comes as Intel seeks to optimize its portfolio and focus on core operations.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 9:39 am

AMD

INTC

NVDA

Intel is considering major strategic changes to improve its position in the AI chip market, where it lags behind Nvidia and AMD. CEO Pat Gelsinger faces pressure to enhance Intel's AI strategy amid declining market value and executive challenges.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 9:25 am

BTCUSD

Bitcoin has logged more trading hours since its inception than the U.S. stock market has since the Nixon Shock in 1971. This highlights the 24/7 trading nature of cryptocurrencies, offering continuous trading opportunities unlike traditional stock markets.

Portfolio Pulse from Aniket Verma

September 06, 2024 | 9:22 am

FFIE

Faraday Future has secured $30 million in financing from investors in the Middle East, U.S., and Asia, marking a significant step in its international expansion.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:57 am

VRNS

Varonis Systems has priced an upsized $400 million offering of 1.00% convertible senior notes due 2029. These notes are unsecured senior obligations and will mature on September 15, 2029, with interest payable semiannually starting March 15, 2025.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:40 am

EWU

The U.K. Halifax House Price Index for August showed a 0.3% increase, surpassing the estimated 0.2% and following a revised 0.9% increase in the prior month.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:03 am

EWA

Australia's home loans for July increased by 2.9%, surpassing the estimated 1.0% and the revised prior figure of 1.0%. This unexpected rise could impact ETFs with exposure to the Australian market, such as EWA.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 4:36 am