Streetbeat News

Credit

NB

NioCorp has established a new $2 million non-revolving credit facility to aid in securing project financing for its critical minerals project in Southeast Nebraska and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:52 pm

INSG

Inseego has made significant strides in reducing its debt by paying down $9.5 million, which is 49% of its short-term loan. Additionally, the company has signed an agreement to exchange $5 million of convertible notes into long-term debt and equity, effectively reducing its 2025 convertible notes by 91%.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:07 pm

BEEP

Mobile Infrastructure has announced strategic actions to enhance shareholder value, including securing a $40.4 million line of credit. These actions are aimed at strengthening the company's financial position and supporting future growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:06 pm

C

Analysts have varied opinions on Citigroup (NYSE:C), with recent ratings showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $70.17, indicating a positive outlook. Citigroup's financial health shows revenue growth but challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 6:01 pm

AVDE

AVSD

UBS

UBS Group AG shares are trading lower despite affirming its commitment to the Swiss market. The bank aims to maintain its Swiss loan book at 350 billion francs, amidst scrutiny following its Credit Suisse acquisition. UBS reported strong Q2 FY24 results, beating sales and EPS expectations.

Portfolio Pulse from Lekha Gupta

September 11, 2024 | 4:40 pm

GS

SPY

Goldman Sachs CEO predicts a 25 basis point rate cut in the upcoming Federal Reserve meeting, as discussed in a CNBC interview.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 4:40 pm

GS

Goldman Sachs CEO David Solomon stated that the company has made significant progress on inflation. He also mentioned that the unwinding of their credit card business has not been as complicated as initially expected.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 4:30 pm

GS

SPY

Goldman Sachs CEO predicts 2 to 3 interest rate cuts in the fall, with a potential reduction of 25 to 50 basis points. This could impact financial markets and investment strategies.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 4:27 pm

T

AT&T's stock declined by 1.9% to $21.30 due to rising U.S. Treasury yields following an unexpected increase in core inflation. This rise in yields could increase AT&T's borrowing costs, impacting its financial performance due to its high debt load.

Portfolio Pulse from Henry Khederian

September 11, 2024 | 4:27 pm

ICLK

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has announced a definitive agreement to sell its demand side marketing solutions business in mainland China to SiAct Inc. for RMB1 million. This move is part of iClick's strategy to scale down lower-margin, higher-risk businesses and focus on higher-margin services. The company will provide a RMB20 million loan to support the disposed business during the transition. iClick aims to enhance shareholder value by optimizing operations and exploring strategic growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:29 pm