Streetbeat News

Assets

CG

Carlyle Group is moving forward with the sale of the Italian fashion brand Twinset, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:31 pm

HTZ

Hertz has announced the upsize and pricing of its $1 billion offerings, which include $750 million of first lien senior secured notes and $250 million of exchangeable senior second-lien secured PIK notes.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 11:08 am

BTG

B2Gold has sold 79 million shares of Calibre Mining for C$139 million, reducing its ownership to less than 10%. Consequently, B2Gold is no longer a 'reporting insider' for Calibre Mining.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 10:34 am

NVDA

SFTBF

SFTBY

Masayoshi Son, founder of SoftBank, expressed regret over selling the company's stake in NVIDIA, missing out on a potential $157 billion gain. SoftBank's Vision Fund sold its 4.9% stake in NVIDIA in 2019, which would be worth around $160 billion today. This comes as SoftBank shifts its focus to semiconductors and AI.

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 10:21 am

FBTC

GBTC

IBIT

Bitcoin spot ETFs experienced net outflows for the fifth consecutive day, with a record $140 million in outflows on Thursday. BlackRock's iShares Bitcoin Trust (IBIT) was the only fund to see inflows, while Grayscale Bitcoin Trust (GBTC) and Fidelity's Bitcoin ETF (FBTC) saw significant outflows. The total outflows over the last five days reached $854 million.

Portfolio Pulse from Aniket Verma

June 21, 2024 | 9:22 am

PAC

Grupo Aeroportuario del Pacífico (PAC) has utilized a Ps. 875M loan to acquire 51.5% of the shares of Guadalajara World Trade Center, S.A. de C.V. (GWTC). The acquisition was announced on June 11.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 6:56 am

SHIBUSD

Shiba Inu (SHIB) saw a 459% increase in its burn rate, with 33.29 million tokens removed from circulation. Despite this, SHIB's price fell by 1.38% in the last 24 hours and has declined 30% over the past month. Increased whale activity suggests large investors are locking in gains.

Portfolio Pulse from Aniket Verma

June 21, 2024 | 3:47 am

LADR

Ladder Capital Corp (LADR) has announced the pricing of a private offering of $500 million of 7.000% senior notes due 2031.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:32 pm

IVV

SPY

VOO

The SPDR S&P 500 ETF Trust (SPY) is experiencing significant outflows, exceeding $40 billion year-to-date, yet the U.S. stock market remains stable. This is due to inflows into lower-cost S&P 500 ETFs like the Vanguard 500 Index Fund ETF (VOO) and the iShares Core S&P 500 ETF (IVV), which have attracted $45.4 billion and $20.8 billion respectively.

Portfolio Pulse from Piero Cingari

June 20, 2024 | 9:24 pm

CLW

Clearwater Paper plans to invest $23 million in a new facial tissue converting line at its Shelby, North Carolina facility, which manufactures private branded bathroom tissue, paper towels, napkins, and facial tissue. The facility employs over 600 people.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:09 pm