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TIP

Economist Peter Schiff criticizes the Federal Reserve's plan for three rate cuts this year, warning of a more severe crisis than 2008 due to 'misguided' optimism by Jerome Powell. Schiff points to rising gold prices and the CRB commodity index as indicators of inflation contrary to the Fed's expectations. He suggests that the Fed's current monetary policy is too loose and that the planned rate cuts could be a significant policy blunder.

Portfolio Pulse from Shanthi Rexaline

March 30, 2024 | 8:07 pm

ATAI

META

MNMD

PSIL

TSLA

Beckley Psytech and atai Life Sciences announced positive results from a Phase 2a study of 5-MeO-DMT for Treatment Resistant Depression. Utah hospitals will soon offer psilocybin and MDMA therapy. Elon Musk discussed the benefits of ketamine for depression and its positive impact on investors. Meta is under investigation for potentially facilitating illegal drug sales. MindMed's CEO highlighted LSD's potential in a podcast. Various companies and ETFs are mentioned with their stock performance.

Portfolio Pulse from Lara Goldstein

March 29, 2024 | 4:43 pm

KRE

'Rich Dad Poor Dad' author Robert Kiyosaki predicts a financial crisis in the US similar to China's, impacting baby boomers' retirement plans. He attributes the crisis to the collapse of major entities in China and warns of similar issues in the US commercial real estate sector. Kiyosaki advises investing in tangible assets like gold, silver, and Bitcoin over fiat currency or real estate investment trusts (REITs). The SPDR S&P Regional Banking ETF (KRE) is mentioned in relation to the challenges faced by the US banking system, including the exposure of regional banks to commercial real estate.

Portfolio Pulse from Shanthi Rexaline

March 29, 2024 | 12:12 pm

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V

Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) have reached a $30 billion settlement with U.S. merchants, ending two decades of antitrust litigation over swipe fees and merchant restrictions. The settlement includes capping credit interchange rates for five years, offering savings to merchants, and enhancing consumer payment options. Meanwhile, credit card APRs are on the rise, with the average new card offer at 24.66%, despite the Federal Reserve's current stance on rates.

Portfolio Pulse from Surbhi Jain

March 28, 2024 | 7:20 pm

RILY

B. Riley Financial's shares increased in value following the announcement that the company has obtained an extension for the delivery of its 2023 audited financial statements under its current credit agreement.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:06 pm

RILY

B. Riley Financial announced it has obtained an extension from Nomura Corporate Funding Americas under its existing credit agreement for the delivery time of its 2023 audited financial statements to the administrative agent.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:05 pm

VEON

VEON has fully repaid the outstanding balance of $805 million under its Revolving Credit Facility (RCF) and subsequently cancelled the RCF. This move could indicate VEON's improved liquidity position and financial stability.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:38 am

TREE

LendingTree has secured up to $175 million in financing through a first lien term loan facility from funds managed by Apollo affiliates. The company plans to draw $125 million immediately, with the remainder available for the next 12 months. The funds are intended for general corporate purposes, including potentially repaying existing debt.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:16 pm

HLLY

Holley Inc. has announced an additional paydown of $15 million in debt, signaling a proactive approach to reducing its financial liabilities. This move could indicate a stronger financial position and potentially more flexibility for future investments or operations.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:34 pm

EGBN

EagleBank has provided a $50 million loan to EB5 USA Immigration to support foreign investment in real estate. This move is aimed at promoting economic growth and development through increased foreign investment.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:10 am