Streetbeat News

Assets

BA

Boeing has started construction on a new Advanced Coatings Center, a secure facility operated by Phantom Works, to house post-assembly phases of future military aircraft production. The facility is part of Phantom Works' multi-billion-dollar Production System of the Future effort and is expected to be operational in 2025.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 2:03 pm

ES

Eversource Energy plans to sell a 50% stake in a 175,000-acre uncommitted lease area to Ørsted for $625 million in an all-cash transaction. The deal is expected to close by Q3 2023. Eversource will use a portion of the proceeds to provide tax equity for the South Fork Wind project and pay off the parent company's debt.

Portfolio Pulse from Nabaparna Bhattacharya

May 26, 2023 | 1:30 pm

SPY

UUP

The Personal Consumption Expenditure (PCE) price index rose 4.4% YoY in April 2023, higher than expected, increasing market expectations for a June interest rate hike. The US dollar index (DXY) and the policy-sensitive two-year Treasury yield increased, while S&P 500 futures traded flat.

Portfolio Pulse from Piero Cingari

May 26, 2023 | 12:48 pm

SPY

The US Goods Trade Balance for April was reported at -$96.77 billion, significantly worse than the estimated -$85.70 billion.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 12:37 pm

GIA

GigCapital5, Inc. (NASDAQ:GIA) has received a $100,000 payment to its Trust Account, extending the deadline to complete a business combination by one month to June 28, 2023. The aggregate principal amount under the promissory note has increased to $1,260,000.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 12:33 pm

DHC

OPI

Office Properties Income Trust (OPI) has commenced its financing strategy for its merger with Diversified Healthcare Trust (DHC) by closing a $30.7 million loan secured by a government-occupied property in Landover, Maryland. The loan is the first step in OPI's plan to secure loans on certain bridge loan collateral properties on more attractive terms than the bridge loan facility.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 12:06 pm

BTCUSD

A Bitcoin whale moved over 31,000 Bitcoins worth over $822 million from their cold wallets, which had been inactive since late 2022. This follows unknown Bitcoin wallets transferring over $1 billion worth of Bitcoin in six massive transactions earlier on Wednesday.

Portfolio Pulse from Mehab Qureshi

May 26, 2023 | 11:18 am

FXI

MRNA

Moderna has registered a biotech firm in Shanghai with a capital of $100 million, according to local media reports.

Portfolio Pulse from Charles Gross

May 26, 2023 | 9:27 am

TLRY

Tilray Brands, a global cannabis-lifestyle and consumer packaged goods company, has priced its offering of $150 million in 5.20% Convertible Senior Notes due 2027. The company also granted a 30-day option to underwriters to purchase up to an additional $22.5 million in Notes to cover over-allotments. The offering is expected to close on May 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 7:21 am

GOOG

NVDA

PATH

ARK Investment Management, led by Cathie Wood, sold over 65,600 shares of NVIDIA Corporation (NASDAQ:NVDA) worth nearly $25 million. ARK also trimmed its stake in Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) by over $1.3 million. Meanwhile, six different ARK funds bought a stake in UiPath Inc (NYSE:PATH) valued at over $72 million.

Portfolio Pulse from Bhavik Nair

May 26, 2023 | 2:34 am