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TLT

Chicago Federal Reserve President Austan Goolsbee indicated potential interest rate cuts over the next year due to rising unemployment, signaling a shift from inflation to labor market focus. The iShares 20+ Year Treasury Bond ETF (TLT) fell 0.2% as U.S. Treasury bonds edged lower.

Portfolio Pulse from Piero Cingari

September 23, 2024 | 10:54 pm

INVH

Invitation Homes has announced a public offering of $500 million in senior notes with a 4.875% interest rate, maturing in 2035. The notes are priced at 98.855% of the principal amount and are expected to close on September 26, 2024, subject to customary conditions.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:48 pm

SPG

Simon Property Group's operating partnership is set to sell $1 billion in 4.750% notes due 2034. The proceeds will be used for general corporate purposes, including debt repayment. The offering is expected to close on September 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:36 pm

GROV

Grove Collaborative has received a $15 million investment from Volition Capital, increasing Volition's total investment to $25 million. Grove plans to use part of this investment to pay off $30 million of its outstanding term debt.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:27 pm

EDUC

Educational Development Corporation (EDC) has announced a sale and leaseback agreement for its headquarters and warehouse facility, the Hilti Complex, for $38.25 million. The proceeds will be used to pay off existing loans. EDC will continue to occupy the space under a new lease agreement.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:02 pm

BAC

SPY

Bank of America CEO Brian Moynihan expressed support for the US Federal Reserve's decision to cut interest rates, describing it as a positive initial step. This statement was made during a CNBC interview.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 6:21 pm

AAWH

CURLF

FFNTF

GTII

PLNH

Viridian Capital introduces new metrics for evaluating cannabis MSOs, focusing on Total Liabilities/Market Cap and adjusted net debt including leases and taxes. This approach aims to provide a more accurate financial picture than traditional Debt/EBITDA ratios.

Portfolio Pulse from Viridian Capital Advisors

September 23, 2024 | 5:36 pm

ALK

Alaska Air Group announced a $1.5 billion Mileage Plan Financing through a senior secured term loan facility and additional pari passu senior secured debt. The financing is secured by Alaska Airlines' customer loyalty program.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 4:44 pm

SPY

Austan Goolsbee discusses the Federal Reserve's recent 50 basis point rate cut, indicating a shift back to a normal dual mandate mode. He suggests that if current conditions persist, more rate cuts are expected over the next 12 months to reach a neutral interest rate.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 3:04 pm

SPY

Federal Reserve's Goolsbee is closely monitoring office building vacancy rates and ensuring banks are prepared for potential losses in commercial real estate. This vigilance is crucial for maintaining financial stability.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:44 pm