Streetbeat News

Assets

ETHE

FBTC

GBTC

Bitcoin ETFs saw mixed inflows and outflows, with Fidelity's ETF gaining $28.59 million and Grayscale's losing $22.76 million. Bitcoin remains in bearish territory below $61,100. Ethereum ETFs continued outflows, led by Grayscale's $22.64 million outflow. Market uncertainty is high, with potential catalysts like the Harris-Trump debate and CPI data announcement.

Portfolio Pulse from Murtuza Merchant

September 10, 2024 | 1:28 pm

UA

Under Armour (NYSE:UA) shares are down premarket due to an update on its FY25 restructuring plan, which includes $140-$160 million in charges. The company plans to exit its Rialto, California distribution facility by March 2026. Despite a sales decline, Under Armour beat Q1 estimates but revised its operating loss expectations upwards.

Portfolio Pulse from Lekha Gupta

September 10, 2024 | 1:27 pm

CTRM

Castor Maritime Inc. (NASDAQ:CTRM) has agreed to acquire a 2009-built 1,850 TEU containership for $16.49 million, financed with cash on hand. The acquisition is expected to close by October 2024, with the vessel employed under a four-month time charter at $29,000 per day.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:03 pm

EQNR

GINX

KEAT

Equinor ASA (NYSE:EQNR) has discovered gas and condensate in the Norwegian Sea, but its shares are trading lower premarket. The discovery is part of the Lavrans development, with estimates of 2-4 million Sm³ of recoverable oil equivalent. Equinor plans significant investments in offshore oil and gas projects in Norway until 2035. Investors can access Equinor through ETFs like SGI Enhanced Global Income ETF (NASDAQ:GINX) and Keating Active ETF (NASDAQ:KEAT).

Portfolio Pulse from Lekha Gupta

September 10, 2024 | 12:27 pm

IXHL

Incannex Healthcare has entered into an agreement to issue up to $10 million in secured convertible notes to Arena Investors and its affiliates. Additionally, the company will secure a $50 million equity line of credit with Arana Business Solutions.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:18 pm

WYNN

Wynn Resorts' subsidiaries are offering $800 million in senior notes due 2033 in a private offering. This move is likely aimed at raising capital for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:05 pm

AU

CELTF

AngloGold Ashanti plans to acquire Centamin for $2.5 billion in an all-share deal, making it the fourth-largest gold producer globally. The acquisition includes Centamin's Sukari gold mine, a Tier 1 asset, and is expected to be accretive from day one. Centamin shareholders will receive a premium and hold 16.4% of the enlarged company.

Portfolio Pulse from Stjepan Kalinic

September 10, 2024 | 11:53 am

ELBM

Electra Battery Materials has received a non-binding term sheet for a $20 million prepayment facility from a strategic player in the battery materials sector. This development could provide Electra with significant financial support.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:46 am

SIRI

SiriusXM has reiterated its full-year 2024 revenue and adjusted EBITDA guidance, along with its long-term target leverage ratio. The company plans to complete its analysis of goodwill and other intangible assets by Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:26 am

BAM

Brookfield has announced a strategic funding partnership with Infinium, committing to invest up to $1.1 billion. This includes over $200 million for Infinium's Project Roadrunner in West Texas and up to $850 million for other global eFuels projects.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:20 am