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Credit

SPY

Fed Chair Powell indicated a likelihood of reducing interest rates later this year, but emphasized the economic outlook's uncertainty and that progress on inflation is not guaranteed. He also stated readiness to maintain the current policy rate for a longer period if necessary.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:36 pm

SPY

Fed Chair Powell indicated that the Federal Reserve is highly attentive to the risks inflation poses to its dual mandate. The current restrictive monetary policy is exerting downward pressure on economic activity and inflation. Powell also suggested that the policy interest rate is likely at its peak, signaling a potential pause in rate hikes.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:36 pm

SPY

The Federal Open Market Committee (FOMC) has reiterated its strong commitment to bringing inflation back to its 2% target. This statement underscores the FOMC's ongoing focus on inflation control, which may involve continuing the current trend of interest rate hikes to manage economic growth and price stability.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:04 pm

DNB

Dun & Bradstreet announced that its subsidiary has refinanced its term loan and revolving credit facilities, repricing and extending maturities of about $4.0 billion of its secured capital structure.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:46 pm

AKBA

Akebia Therapeutics, Inc. (NASDAQ: AKBA) has closed a loan facility with BlackRock, providing up to $55 million in borrowing capacity available in three tranches. This financial move aims to support Akebia's mission to improve the lives of those affected by kidney disease.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:08 pm

DISH

SATS

EchoStar has terminated the exchange offers and consent solicitations for DISH DBS's senior notes. Holders of the Existing DBS Notes who tendered their notes will not receive the exchange consideration and their notes will be returned. This termination does not affect EchoStar's ongoing exchange offers for DISH Network Corporation's convertible notes due in 2025 and 2026.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 6:38 am

OPI

Office Properties Income Trust (NASDAQ:OPI) has announced the amendment and restatement of its secured credit facilities, totaling $425 million. This includes a $325 million revolving credit facility and a $100 million term loan, replacing the previous $750 million unsecured revolving facility. The maturity date for these facilities is set for January 29, 2027, with an option for a one-year extension on the revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 6:24 am

NOC

Northrop Grumman has priced a $2.5 billion debt offering consisting of senior unsecured notes due in 2029, 2034, and 2054 with varying interest rates. The proceeds are intended for general corporate purposes such as debt repayment, share repurchases, and working capital. The offering is set to close on January 31, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 6:09 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin saw price increases as short positions faced liquidations. Over $72 million in crypto shorts were liquidated in 24 hours, with the largest single liquidation order on Bybit involving Bitcoin. Invesco and Galaxy Asset Management announced a fee reduction for their Bitcoin ETF, which has seen significant trading activity. The S&P 500 and other major indices rose in anticipation of tech earnings and the Federal Reserve's rate decision. Analysts predict Bitcoin could surge to $50K pre-halving, and significant Bitcoin transactions indicate $42,550 as a critical support level.

Portfolio Pulse from Mehab Qureshi

January 30, 2024 | 3:00 am

JPM

Jamie Dimon, CEO of JPMorgan Chase & Co, warned of a potential global market 'rebellion' due to the rising U.S. national debt, which has surpassed $34 trillion. During a panel at the Bipartisan Policy Center, he expressed concern over the debt-to-GDP ratio reaching 130% by 2035 and the implications of foreign holdings of U.S. debt. Dimon emphasized the importance of addressing the debt issue to maintain global security and a strong America.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 1:51 am