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KRE

XLF

Regional banks have been impacted by the Federal Reserve's rate-hiking cycle and poor risk management strategies. However, with the anticipation of yield curve normalization, funds may flow into financial stocks. The SPDR S&P Regional Banking ETF (KRE) and the Financial Select Sector SPDR Fund (XLF) are mentioned as examples. The market sentiment suggests that the Fed is nearing the end of its rate-hiking cycle, which could bring stability to treasury yield volatilities and benefit regional banks. However, generating new loans in a market with flat yields remains a challenge.

Portfolio Pulse from Kevin Green

September 07, 2023 | 5:50 pm

EXPE

Expedia shares are trading lower due to concerns over potential further rate hikes that could slow the economy and impact travel demand. The recent US COVID wave may also be affecting travel sentiment.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 3:54 pm

ACB

CGC

CRON

TLRY

Bipartisan talks over the Secure and Fair Enforcement (SAFE) Banking Act, a marijuana banking bill, have been productive during the August recess, according to the office of the lead GOP Senate sponsor. The legislation, which aims to protect banks and credit unions from being penalized by federal regulators for working with state-licensed cannabis businesses, could move to a vote soon. However, disagreements over one key section of the bill that some Democrats believe would undermine banking regulations could prevent it from advancing.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 2:55 pm

FMC

Blue Orca Capital has shorted FMC Corporation due to the company's alleged concealment of legal defeats that have allowed competitors to sell generic versions of FMC's flagship insecticide at significantly lower prices. FMC, an agricultural chemical manufacturer, has claimed that it will not face generic competition until 2026 due to its process patents. However, Blue Orca's investigation found that generic versions of FMC's top-selling insecticide are already being sold in key markets like India and China. The report also highlights FMC's increasing balance of receivables, customer defaults, and bankruptcies, and the company's decision to factor receivables at increasingly punitive rates.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 1:51 pm

SBEV

Splash Beverage Group, Inc. (NYSE:SBEV) has entered a non-binding Term Sheet to fund acquisitions. The Credit Facility will provide acquisition financing at the current Euribor rate plus 1.5% and will mature in 7 to 10 years. The company intends to target brands with revenues between $20 million and $75 million.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 1:30 pm

TPHS

Trinity Place Holdings (TPHS) has announced a forbearance agreement effective from September 1, with the forbearance period ending on the earliest of November 15, 2023.

Portfolio Pulse from Charles Gross

September 07, 2023 | 10:16 am

EWU

The Bank of England has increased its mortgage rate from 7.60% to 7.85% on August 7.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:03 am

NA

Nano Labs has entered into agreements to exchange $10 million in loans for Class A ordinary shares. The company has not disclosed the number of shares or the price per share.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 6:18 am

BKH

Black Hills Corp. has priced a $450 million public debt offering of 6.15% senior unsecured notes due May 15, 2034.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 5:31 am

STX

Seagate Technology's subsidiary, Seagate HDD Cayman, plans to offer $1.3 billion in exchangeable senior notes due 2028 in a private placement.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 5:13 am