Streetbeat News

Assets

RNW

ReNew Energy has surpassed 10 GW of gross renewable energy assets, making it one of the fastest clean energy companies to reach this milestone. In FY24, the company added 1.94 GW, bringing its revenue-generating capacity to 9.52 GW. ReNew, listed on Nasdaq as RNW, contributes about 10% to India's RE generation and plans to double its RE asset portfolio to 20 GW by 2027/28. The company's expansion is supported by a strong balance sheet of around $10.6 billion as of December 31, 2023. ReNew's growth aligns with India's goal to achieve 500 GW of non-fossil fuel energy capacity by 2030.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:40 pm

GLD

UUP

Inflation in the US rose to 3.5% in March 2024, exceeding expectations and dampening hopes for a Federal Reserve rate cut in June. The CPI increase was driven by a 6% monthly rise in gasoline prices, although core CPI inflation slightly eased. The report led to a spike in Treasury yields, a stronger US dollar as tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), and a decline in gold prices as monitored through the SPDR Gold Trust (GLD). Futures on major US indices also traded lower.

Portfolio Pulse from Piero Cingari

April 10, 2024 | 12:34 pm

TSM

Taiwan's ETF market has seen a significant surge, exceeding $50 billion in investments, largely driven by the AI stock craze, particularly with a 55% gain by TSMC (NYSE:TSM), a key supplier for Apple and NVIDIA. This growth has led to concerns from Taiwanese officials about potential risks and misleading marketing practices. Despite these concerns, the market's expansion reflects a global trend of increasing interest in AI technology and its potential.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 12:19 pm

RUN

Sunrun, a leading residential solar, storage, and energy services company, has announced the pricing of a $230 million senior securitization of residential solar and battery systems. This financial move is aimed at leveraging the company's assets to secure funding, which could be used for further expansion or to improve its financial health.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:10 pm

AAPL

AMZN

MSFT

VGT

XLK

Apple Inc (NASDAQ:AAPL) is expanding its presence in Miami with a new 45,000 square feet office space in Coral Gables, focusing on Latin America and advertising. This move follows other tech giants like Amazon.com Inc (NASDAQ:AMZN) and Microsoft Corp (NASDAQ:MSFT) in expanding their footprint in South Florida. Apple's stock has seen a 5% increase over the last 12 months, and its expansion could signal further growth, especially in the Latin American market. Investors can also gain exposure to Apple through ETFs like Vanguard Information Tech ETF (NYSE:VGT) and SPDR Select Sector Fund - Technology (NYSE:XLK).

Portfolio Pulse from Anusuya Lahiri

April 10, 2024 | 11:32 am

BLRX

BioLineRx has drawn down the second tranche of $20M from its $40M non-dilutive debt financing agreement with Blackrock-managed funds and accounts. This move is part of BioLineRx's strategy to finance its operations without diluting existing shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:14 am

HLNE

Hamilton Lane (NASDAQ:HLNE), a leading private markets investment management firm, has expanded its presence in Canada by relocating to a larger office in Toronto's Financial District. This move is to accommodate a growing team and client base as more Canadian investors seek access to the private markets.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:04 am

EBAY

eBay and Collectors have entered into definitive agreements for a series of transactions. These include a commercial agreement, eBay's acquisition of Goldin from Collectors, and Collectors' acquisition of the eBay Vault from eBay. This strategic move aims to enhance eBay's position in the collectibles market while allowing Collectors to expand its services.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:02 am

GLD

SPY

USO

U.S. stock markets ended mixed with Nasdaq and S&P 500 seeing gains, driven by tech, despite financial stocks' drag. NFIB Small Business Optimism Index fell for the third consecutive month. Asian markets were mixed, with Japan and China seeing declines, while Australia and India posted gains. European markets and commodities, including gold, traded higher. U.S. futures indicated a mixed opening.

Portfolio Pulse from Akanksha Bakshi

April 10, 2024 | 11:02 am

EXK

Endeavour Silver Corp. has initiated the first drawdown of $60 million from a $120 million senior secured debt facility to fund the development of the Terronera mine in Jalisco State, Mexico. This move marks a significant step in advancing the project towards production.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:54 am