Streetbeat News

Credit

LEV

Lion Electric has made additional amendments to its senior credit instruments, which could impact its financial flexibility and cost of capital.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:40 am

TEX

Terex Corporation has announced the pricing of a private offering of $750 million in 6.250% senior notes due in 2032 at par. This move is part of the company's strategy to manage its debt and financial structure.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 9:24 pm

CTO

CTO Realty Growth, Inc. has provided a business update for 2024, highlighting $274 million in investments year-to-date, $126 million raised under its ATM program in Q3, and the closure of a $100 million unsecured term loan.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 8:15 pm

SPY

Federal Reserve Chair Jerome Powell stated that the Fed's decision to maintain high interest rates was justified to ensure inflation would decrease. The half-point rate cut in September indicates confidence in inflation returning to the 2% target.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:29 pm

SPY

Federal Reserve Chair Jerome Powell indicated that if the economy progresses as anticipated, there could be two more interest rate cuts this year, totaling 50 basis points. He noted that while the labor market remains solid, it has shown signs of cooling and does not require further cooling.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:17 pm

SPY

Fed Chair Powell indicated that the current job creation rate may not sustain the unemployment rate due to rising supply. The Fed is not rushing to cut rates and will be guided by upcoming data, including two employment reports and an inflation report before the November meeting.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:12 pm

BAC

C

CADE

GS

MTB

PB

RF

USB

WFC

Morgan Stanley anticipates significant gains for certain banks due to recent and potential future Federal Reserve rate cuts. Midcap banks like Prosperity Bancshares and Cadence Bank are expected to benefit from net interest margin expansions. Large-cap banks such as Citigroup, Goldman Sachs, and Bank of America are also poised for gains due to increased capital markets revenues and buybacks.

Portfolio Pulse from Vandana Singh

September 30, 2024 | 6:06 pm

SPY

Fed Chair Powell expressed confidence that inflation is on a sustainable path to 2%, with disinflation being broad-based. A 50 basis points rate cut reflects confidence in maintaining labor market strength and achieving inflation goals.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:57 pm

SPY

Federal Reserve's Goolsbee indicates that inflation is nearing the target, suggesting a clear case for cutting interest rates. He emphasizes that this decision is not influenced by political factors.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:54 pm

SPY

Federal Reserve's Goolsbee suggests that there will be numerous rate cuts in the future. This statement could influence market expectations and investor sentiment regarding interest rates.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:53 pm