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TLT

Bank of America's chief investment strategist, Michael Hartnett, suggests 30-year Treasury bonds as the best hedge against a potential hard landing in the U.S. economy. Despite a significant decline in these bonds, Hartnett believes they could rebound strongly. He also shares views on other asset classes, including commodities, U.S. stocks, and gold.

Portfolio Pulse from Piero Cingari

May 17, 2024 | 1:45 pm

JPM

Jamie Dimon, CEO of JPMorgan Chase & Co, warns of persistent inflationary pressures in the U.S. economy, suggesting higher interest rates may persist longer than expected. Factors contributing to inflation include green economy costs, re-militarization, infrastructure spending, and fiscal deficits. Dimon's concerns align with broader global economic trends and recent government spending impacts.

Portfolio Pulse from Benzinga Neuro

May 17, 2024 | 8:53 am

AVGR

Avinger, Inc. (NASDAQ:AVGR) has converted $11 million of its debt with CRG Partners III L.P. into preferred equity, reducing its debt to $2.6 million and increasing stockholders' equity by $11 million.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:28 pm

LPA

Logistic Properties Of The Americas (LPA) has refinanced two logistics parks in Costa Rica and Peru, amounting to $120 million of its mortgage.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:16 pm

SPY

Federal Reserve's Raphael Bostic indicated that a continued decline in inflation could justify a rate reduction later this year, though he emphasized the need to remain open to various scenarios.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:16 pm

SPY

Federal Reserve's Mester stated that the current restrictive monetary policy is expected to help lower inflation. The Fed is well-positioned as it reviews more data, but it will take longer to be confident that inflation is moving towards the 2% target. The strong economy allows the Fed to maintain its policy with minimal risk, although inflation risks have increased.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:01 pm

JPM

SPY

JPMorgan Chase CEO Jamie Dimon predicts that inflation may persist into next year, which could keep interest rates higher. He also noted that markets have been good and healthy for a while.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:19 pm

PRAA

PRA Group, Inc. (NASDAQ:PRAA) announced the pricing of $400 million of 8.875% Senior Notes due 2030. The proceeds will be used to repay $396 million of outstanding borrowings under its North American revolving credit facility and to redeem $298 million of 7.375% Senior Notes due 2025.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:45 am

GMS

GMS has agreed to acquire Yvon Building Supply and its affiliates for up to C$196.5 million. The transaction is expected to close in July 2024, pending regulatory approvals and customary closing conditions. GMS plans to fund the acquisition with cash on hand and borrowings under its revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:11 am

OI

O-I Glass, Inc. announced that its subsidiary, OI European Group B.V., plans to offer €400 million in senior notes due 2029. The proceeds will be used to purchase outstanding 2.875% senior notes due 2025 and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 7:27 am