Streetbeat News

Assets

AXSM

Axsome Therapeutics announced that its current cash reserves are sufficient to fund its operations until the company reaches cash flow positivity, based on its current operating plan.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 11:03 am

JOB

GEE Group expects to achieve $3M in annual cost savings through strategic measures including SG&A cost reductions and workforce realignment. The company plans to capitalize on acquisition opportunities due to the current economic downturn. Additionally, GEE Group will recognize non-cash, pre-tax charges of approximately $20.5 million in its Fiscal Third Quarter ended June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:38 am

CGBD

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) has entered into a definitive agreement to acquire Carlyle Secured Lending III (CSL III) in a stock-for-stock transaction. This acquisition will expand CGBD's total assets to over $2.5 billion and net assets to over $1.2 billion.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:08 am

BRK

TSLA

Berkshire Hathaway's cash position has increased to $277 million, sparking speculation about potential investments, including Tesla. However, fund manager Gary Black notes that Warren Buffett's value investing strategy is unlikely to align with Tesla's high valuation. Despite social media buzz, Buffett has historically preferred stocks with lower price-earnings multiples.

Portfolio Pulse from Shanthi Rexaline

August 04, 2024 | 5:12 pm

AAPL

AXP

BAC

BRK.A

CVX

SPY

Berkshire Hathaway reported a 15.50% decline in Q2 net earnings year-over-year, despite a 15.48% increase in operating earnings. The company continued to offload its stake in Apple, leading to a significant reduction in its core holdings. Berkshire's cash reserves swelled to $277 billion, while its Class A shares have gained 18.21% year-to-date.

Portfolio Pulse from Shanthi Rexaline

August 03, 2024 | 1:14 pm

BTCUSD

ETHUSD

SOLUSD

XRPUSD

Crypto analyst Miles Deutscher highlights the weakness of the altcoin market against Bitcoin and Ethereum, attributing it to altcoin dispersion, inflows into BTC and ETH spot ETFs, and liquidity moving towards meme coins. He advises focusing on quality assets and taking profits during market rotations.

Portfolio Pulse from Khyathi Dalal

August 02, 2024 | 5:49 pm

PBR

Brazil's Petrobras is bidding for a 40% stake in Galp Energia's Mopane oil prospect in Namibia, partnering with at least one other entity to mitigate exploration risks.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:14 pm

SPY

UNG

USO

The U.S. Baker Hughes Oil Rig Count remains unchanged at 482, while the Total Rig Count has decreased by 3 to 586 from the previous 589.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:03 pm

ETCUSD

Ethereum Classic (ETC) has fallen by 3.3% in the past 24 hours to $20.58, continuing a week-long decline of 6.0%. Despite the price drop, trading volume has increased by 2.0%, while the circulating supply has slightly decreased. ETC's market cap is currently $3.05 billion, ranking it #30.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 3:02 pm

NXE

NexGen Energy (NYSE:NXE) has announced that the construction costs for its Rook I uranium project in Saskatchewan have increased by nearly 70%, now totaling $1.6 billion. Operating costs are also projected to nearly double. Despite these increases, the project remains one of the largest and lowest-cost uranium mines globally. The project has received provincial environmental approval and is awaiting federal review.

Portfolio Pulse from Stjepan Kalinic

August 02, 2024 | 1:59 pm