Streetbeat News

Assets

FBTC

IBIT

Bitcoin has shown stronger performance during U.S. trading sessions over the past month, but this has not yet translated into significant inflows into Bitcoin ETFs. Total assets in these funds have fallen by 9% in the past four weeks. iShares Bitcoin Trust (NASDAQ:IBIT) and Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) saw some inflows recently.

Portfolio Pulse from Aniket Verma

August 14, 2024 | 9:28 am

CORZ

Core Scientific has increased the size of its convertible senior notes offering to $400 million from the previously announced $350 million. The notes, due in 2029, are set to settle on August 19, 2024, with an option for initial purchasers to buy an additional $60 million in notes.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:51 am

KYN

Kayne Anderson Energy Infrastructure Fund (KYN) has announced a $70 million notes and $30 million preferred shares private placement to refinance existing debt and for general corporate purposes. The notes and MRP shares have fixed interest/dividend rates and specific maturity/redemption dates.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:37 am

FNV

NEM

Franco-Nevada's subsidiary has acquired a 1.8% net smelter return royalty on Newmont Corporation's Yanacocha mine and adjacent properties in Peru from Compañía de Minas Buenaventura S.A.A. and its subsidiary.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:14 pm

TIL

Instil Bio reported its Q2 2024 financials, revealing cash and cash equivalents of $152.6 million.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:12 pm

USO

The American Petroleum Institute (API) reported a significant draw of 5.205 million barrels in crude oil stock, compared to the expected draw of 2.000 million barrels. This larger-than-expected draw could impact oil prices and related assets.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:36 pm

NAVI

Navient is in active discussions about potentially selling its Government Services businesses. The financial impact of this sale is currently uncertain. The book value of the Government Services business as of June 30, 2024, was approximately $192 million, including $138 million of goodwill and acquired intangible assets.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:24 pm

NAVI

Navient has agreed to sell its Healthcare Services business to CorroHealth for $365 million in cash. Approximately 950 employees will join CorroHealth. The transaction is expected to close by the end of September, subject to certain conditions. The net gain from the sale and the final financial statement impact are yet to be determined.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:23 pm

NURO

NeuroMetrix, Inc. (NASDAQ:NURO) reiterated its review of strategic alternatives, including a substantial reduction-in-force to lower operating expenses by over $500K per quarter and discussions to sell non-core international assets. The company reported $16.4M in cash and cash equivalents for Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:49 pm

BCHUSD

BTCUSD

Bitcoin surged to $61,000 following a $2 billion Bitcoin transfer by BitGo, potentially signaling the start of Mt. Gox creditor payouts. This move has raised market anticipation for the end of distributions, which could impact Bitcoin's price.

Portfolio Pulse from Murtuza Merchant

August 13, 2024 | 6:29 pm