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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

SPY

Federal Reserve's Goolsbee highlights a 0.7% increase in unemployment as a potential recession indicator, despite strong GDP, consumer spending, and wage growth. Rising delinquencies also signal caution.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:28 pm

SPY

Federal Reserve's Goolsbee anticipates multiple rate cuts over the next year, emphasizing the Fed's focus on employment risks rather than just inflation. With inflation down from its peak and a strong labor market, maintaining high rates is deemed unnecessary. Significant rate reductions are needed to achieve a soft landing.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:14 pm

TMUS

T-Mobile has announced a public offering of senior notes to raise funds for general corporate purposes, including share repurchases and debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 1:08 pm

COF

DFS

MA

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Consumers are increasingly using their 401(k) accounts to pay down credit card debt due to high living costs. This trend is facilitated by easier access to 401(k) funds without penalties. Credit card companies like Visa, Mastercard, Discover, and Capital One saw slight declines in their stock prices.

Portfolio Pulse from Michael Juliano

September 23, 2024 | 12:43 pm

MATW

Matthews International Corporation (NASDAQ: MATW) announced a proposed private offering of senior secured second lien notes due 2027. The company plans to amend its senior credit facility to secure these notes and use the proceeds to redeem its existing 5.25% senior notes due 2025.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:25 pm

SPY

Federal Reserve's Neel Kashkari has indicated that he expects an additional 50 basis points cut in interest rates in 2024. This statement could influence market expectations and investor sentiment regarding future monetary policy.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:22 pm

SPY

Federal Reserve's Neel Kashkari stated that the recent 50 basis point rate cut was a significant move to initiate economic processes. He anticipates smaller rate adjustments in the future.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:14 pm