Streetbeat News

Assets

AMDUF

Amundi SA has reduced its stake in Ageas to 2.53%, falling below the 3% threshold, as per financial transparency rules.

Portfolio Pulse from

November 14, 2024 | 5:00 pm

AB

RGA

AllianceBernstein (AB) has partnered with Reinsurance Group of America (RGA) to manage private alternative assets for RGA's reinsurance vehicle, enhancing AB's insurance platform capabilities.

Portfolio Pulse from

November 14, 2024 | 5:00 pm

FMST

Foremost Clean Energy Ltd. has successfully closed a brokered private placement, raising C$10.5 million, including the full exercise of the over-allotment option. This announcement is not intended for U.S. news wire services or dissemination in the United States.

Portfolio Pulse from

November 14, 2024 | 4:30 pm

SVC

Service Properties Trust (SVC) has faced significant financial struggles, with a 70% stock decline year-to-date and a 90% drop since its IPO. The company has cut its dividend to $0.01 per share and plans to sell 114 hotels to reduce debt and improve liquidity. External management by RMR has been criticized for high fees and misaligned incentives, contributing to SVC's poor performance.

Portfolio Pulse from

November 14, 2024 | 4:15 pm

DIS

Disney's CFO Hugh Johnston stated that the company does not plan to alter its TV network portfolio in the near future, despite previous comments from CEO Bob Iger about potentially selling linear TV assets.

Portfolio Pulse from

November 14, 2024 | 4:15 pm

HEFA

The U.S. dollar has reached a one-year high, impacting various ETFs. Some ETFs are expected to benefit from the strong dollar, while others may face challenges.

Portfolio Pulse from

November 14, 2024 | 4:00 pm

SRFM

Surf Air Mobility (NYSE: SRFM) has secured a $50 million Senior Secured Term Loan from Comvest Partners to support its transformation into a leading regional air mobility platform with software and electrified aircraft.

Portfolio Pulse from

November 14, 2024 | 4:00 pm

TGI

Triumph Group's stock has risen by 33% since August, but the company faces significant debt challenges with $959 million maturing in 2028 and insufficient free cash flow. While Q2 2025 saw improved margins due to higher aftermarket sales, commercial OEM sales declined, impacting overall growth. The company's financial stability is pressured by its debt load, with limited options to meet obligations without selling assets, diluting shareholders, or refinancing debt.

Portfolio Pulse from

November 14, 2024 | 3:30 pm

CLSK

CleanSpark Inc. (CLSK) is experiencing strong growth in Bitcoin mining, with significant hashrate expansion, energy efficiency, and strategic geographic diversification. The company's Bitcoin accumulation strategy and institutional backing from BlackRock and Vanguard highlight its financial stability and long-term growth potential. Recent acquisitions, infrastructure development, and a merger with GRIID position CLSK to achieve a 50 EH/s target by 2025, enhancing operational capacity.

Portfolio Pulse from

November 14, 2024 | 3:30 pm

GMGMF

Graphene Manufacturing Group Ltd has improved its financial position by strengthening working capital and reducing costs. The company received A$2.85 million from Australia's R&D Tax Incentive, increasing its cash balance to A$5.56 million with no debt.

Portfolio Pulse from

November 14, 2024 | 3:30 pm