Streetbeat News

Assets

NVOS

Novo Integrated Sciences, Inc. (NASDAQ:NVOS) has received notice of the commencement of disbursement for the monetization of a Standby Letter of Credit (SBLC), with an initial disbursement expected to be followed by a final distribution on or before August 2. The company is projected to receive approximately $78 million in gross funding proceeds.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:10 pm

ALGT

Allegiant Travel Company has suspended its quarterly cash dividend effective immediately to meet capital requirements for fleet investments.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:15 pm

BTCUSD

A recent poll on the Reddit MtGox forum reveals that a majority of Mt. Gox creditors plan to hold onto their Bitcoin compensation rather than selling it immediately. This comes as the distribution of Bitcoin from the defunct exchange begins, with significant transactions already executed.

Portfolio Pulse from Murtuza Merchant

July 18, 2024 | 4:33 pm

FTXR

RDIV

Ford Motor Company (NYSE:F) is investing $3 billion to expand production of its F-Series Super Duty trucks, including $2.3 billion for the Oakville Assembly Complex in Ontario, Canada. This expansion aims to meet surging demand and support Ford's growth strategy. The investment will add capacity for 100,000 trucks and create approximately 2,020 jobs across North America. Ford shares are trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 3:39 pm

LBO

PSP

Blackstone Inc (NYSE:BX) reported strong Q2 FY2024 results, with adjusted revenues of $2.796 billion beating expectations. Distributable earnings rose 3% Y/Y to $1.25 billion, while fee-related earnings fell 3% Y/Y. Assets under management increased 7% Y/Y to $1.076 trillion. The company declared a quarterly dividend of $0.82 and repurchased 2.0 million shares. BX shares are up 3.76% following the news.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 3:14 pm

SPY

UNG

The latest report on USA natural gas storage shows an increase of 10 billion cubic feet, significantly below the estimated 27 billion cubic feet and the previous week's 65 billion cubic feet. This could impact natural gas prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 2:36 pm

NOK

QQQ

SPY

WBD

Big Tech stocks rose on Thursday after a previous sell-off, while Nokia fell due to a sales decline. Warner Bros saw an increase as its CEO reportedly considers an asset sale. The final day of the Republican National Convention is also taking place tonight.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 1:54 pm

AAWH

Ascend Wellness Holdings, Inc. (OTCQX:AAWH) has closed a $235 million private placement of senior secured notes due 2029, with the proceeds used to refinance $215 million of its existing term loan. This move is expected to enhance the company's financial flexibility and strengthen its balance sheet.

Portfolio Pulse from Jelena Martinovic

July 18, 2024 | 1:54 pm

DOGEUSD

Dogecoin (DOGE) is predicted to experience a significant price surge, potentially rising by 22% to 39%, driven by whale transactions and bullish chart patterns. Analysts highlight the formation of an inverse head and shoulders pattern and increased large transaction volumes as key indicators of a potential upward move.

Portfolio Pulse from Khyathi Dalal

July 18, 2024 | 1:53 pm

CMCSA

PARA

VOX

WBD

XLC

Warner Bros Discovery Inc (NASDAQ:WBD) shares are surging as the company considers asset sales and a potential spin-off of its digital streaming and studio businesses. CEO David Zaslav aims to manage the company's $39 billion debt and improve its struggling share price. Informal talks with advisors to rival media companies have taken place, and a strategic spin-off could provide financial flexibility for the growing streaming and studio business. The company's shares have plummeted nearly 70% since its spin-off from AT&T Inc (NYSE:T) two years ago.

Portfolio Pulse from Shivani Kumaresan

July 18, 2024 | 1:18 pm