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JUSHF

Jushi Holdings Inc. refinanced its $53 million loan with a new $48.5 million senior secured term loan and $7.4 million in cash, reducing its short-term debt to less than $1 million. The new loan has a 12.25% interest rate and includes five-year warrants for investors. Jushi will report its Q2 2024 financial results on August 7, 2024.

Portfolio Pulse from Nina Zdinjak

August 01, 2024 | 5:48 pm

SAVE

Spirit Airlines' CEO announced that the company is focused on refinancing its debt and improving its overall liquidity position during a conference call.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:27 pm

IWM

TLT

UUP

US manufacturing activity decreased for the fourth consecutive month in July, hitting an 8-month low. The ISM Manufacturing PMI Index fell to 46.8%, below expectations. This decline contrasts with the overall economic expansion driven by the services sector. The news impacted various financial instruments, including the U.S. dollar index, Treasuries, and stock market indices.

Portfolio Pulse from Piero Cingari

August 01, 2024 | 2:26 pm

SAVE

Spirit Airlines CEO has stated that the company is engaged in productive conversations with advisors of their bondholders to address upcoming debt maturities. The CEO also emphasized that the low-fare model is not broken or obsolete.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:11 pm

SPY

The market is now fully pricing in three interest-rate cuts by the Federal Reserve by the end of the year, according to Bloomberg. This shift in expectations could have significant implications for various sectors and assets, particularly those sensitive to interest rate changes.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:09 pm

SAVE

Spirit Airlines is in active discussions with advisors to noteholders to address upcoming debt maturities. The company expects to end 2024 with over $1.0 billion in liquidity, assuming successful closure of current liquidity initiatives.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:57 am

BCS

Barclays has updated its 2024 financial outlook, targeting a return on tangible equity (RoTE) of over 10% and approximately 10.5% excluding inorganic activity. The bank aims for net interest income (NII) of around £11.0 billion, up from the previous target of £10.7 billion, and a cost-to-income ratio of about 63%. Barclays also expects a loan loss rate (LLR) of 50-60 basis points and plans to maintain a CET1 ratio within the 13-14% range.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:22 am

PDM

Piedmont Office Realty Trust has revised its FY24 Core FFO outlook from $1.46 - $1.56 to $1.46 - $1.52, with an estimated $1.50. This adjustment reflects the impact of a recent $400 million bond issuance.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:55 pm

QQQ

UUP

Federal Reserve Chair Jerome Powell indicated that a rate cut could be on the table for the September meeting if inflation and the labor market perform as expected. The Fed held the interest rate steady at 5.25-5.5% in July. Powell's comments led to a rise in stocks and gold, while the dollar fell.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 7:48 pm

SPY

DoubleLine Capital's Jeffrey Gundlach predicts 150 basis points of interest rate cuts within a year and recommends 2-year, 3-year, and 5-year Treasurys as safe investments.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:32 pm