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GS

The Securities and Exchange Commission (SEC) has announced that Goldman Sachs (GS) will pay $6 million in penalties for providing deficient blue sheet data.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:06 pm

ARVL

Arrival (NASDAQ:ARVL) has agreed to pay its lender an aggregate amount of $7.4 million as part of a mutual release of all claims. This payment is related to the acceleration and termination of a term loan facility disclosed in August and September 2023.

Portfolio Pulse from Charles Gross

September 22, 2023 | 11:08 am

UTHY

Hedge fund manager Bill Ackman, founder of Pershing Square, has stated that his firm remains short on bonds, particularly 30-year bonds, due to expectations of rising long-term rates. Ackman cited factors such as the end of the peace dividend, rising worker and union bargaining power, and high national debt as reasons for his stance. He also criticized the non-filling of the Strategic Petroleum Reserve and the expensive transition to electric vehicles. The U.S. Treasury 30-Year Bond ETF (NASDAQ:UTHY) ended Thursday’s session down 2.40% at $43.65.

Portfolio Pulse from Shanthi Rexaline

September 22, 2023 | 9:59 am

FXI

China's central bank has released a list of systemically important banks, with the aim of promoting their stable operation and healthy development. The bank is urging these institutions to strengthen their capabilities to overcome risks and absorb losses.

Portfolio Pulse from Charles Gross

September 22, 2023 | 9:06 am

ORMP

SCLX

Oramed Pharmaceuticals has secured a $101.9M senior secured note deal with Scilex. The deal includes an 18-month maturity, an interest rate equal to the SOFR plus 8.5%, and a repayment commencement date of December 21, 2023. If the note is not fully repaid by March 21, 2024, an exit fee of $3,056,250 becomes payable. Oramed also has the right to designate an observer to Scilex's Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 5:35 am

BBJP

DXJ

EWJ

The Bank of Japan has decided to keep its interest rate unchanged at -0.10%, which is in line with market expectations.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 4:28 am

USDTUSD

Tether Group has resumed lending Tether (CRYPTO: USDT) stablecoin loans to customers after a year-long pause. The company believes this will protect its long-term customers from liquidity shortages or selling assets at inappropriate rates. Despite concerns about the company's secured loans and their potential to destabilize the market, Tether saw loans at $5.5 billion in the latest reported quarter, up from $5.35 billion in the prior quarter. The company remains committed to removing the secured loans from its reserves, with a spokesperson indicating 2024 as the year of zero secured loans.

Portfolio Pulse from Khyathi Dalal

September 21, 2023 | 9:30 pm

TMPO

Tempo Automation Holdings, Inc. (NASDAQ:TMPO) has received a default notice from its senior lender consortium due to multiple breaches of the Loan Agreement, including failure to make monthly payments and suspension of business operations. The company and its subsidiaries are unable to cure such defaults or repay the indebtedness of $29,065,017. This could lead to foreclosure proceedings and a dramatic decline in the value of the company's securities.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:35 pm

PNM

PNM Resources Inc has reached a unanimous settlement agreement for San Juan credits, according to an SEC filing. Under the terms of the agreement, $115 million in rate credits will be provided to customers over a one-year period.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:28 pm

PNM

The New Mexico Public Regulation Commission (NMPRC) has approved a unanimous settlement agreement between Public Service Company of New Mexico (PNM) and parties involved in the retirement of the San Juan coal plant. The agreement will provide $115 million in rate credits to customers over a one-year period.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:22 pm