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WE

WeWork is seeking advice for debt restructuring, according to Bloomberg. The company is looking for ways to ease its financial burden after a failed IPO attempt and a bailout from SoftBank.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 4:45 pm

BRK-B

The US Securities and Exchange Commission (SEC) has introduced new cybersecurity regulations requiring public companies, including Berkshire Hathaway Inc. (BRK-B), to report significant cybersecurity incidents within four business days. Additionally, the People's Bank of China's (PBOC) decision to maintain the benchmark rate for home mortgages while reducing shorter duration rates could have economic implications for BRK-B.

Portfolio Pulse from Mohit Manghnani

August 23, 2023 | 2:03 pm

UTWO

Former St. Louis Fed chief James Bullard dismissed exaggerated recession predictions and spoke about the U.S. economy's unexpected resilience and the potential for higher interest rates. Bullard emphasized that the pace of economic expansion could necessitate further interest rate hikes. Markets are currently pricing in a 13.5% chance of a rate hike in September and a 35% chance of a hike by November's FOMC meeting. The yield on the U.S. 2-year Treasury note, also tracked by the US Treasury Note ETF (NYSE:UTWO), traded around 5% on Wednesday.

Portfolio Pulse from Piero Cingari

August 23, 2023 | 1:21 pm

XLRE

The U.S. housing market is experiencing a significant shock as mortgage rates surge to 7.31%, the highest level since December 2000. This increase is linked to the recent surge in long-term Treasury yields. The rise in mortgage rates has led to a decrease in mortgage applications and has negatively impacted the Real Estate Select Sector SPDR Fund (NYSE:XLRE), which is down 18% compared to a year ago. The upcoming Jackson Hole Symposium hosted by the Federal Reserve is expected to provide clarity on the economic outlook and the future path of interest rates.

Portfolio Pulse from Piero Cingari

August 23, 2023 | 1:17 pm

YVR

Liquid Media Group Ltd. (NASDAQ:YVR) has received a delisting notice from Nasdaq due to continued non-compliance with the minimum bid price and filing requirements. The company's securities will be suspended from trading on Nasdaq from August 23, 2023. Liquid Media is seeking to have its shares quoted on the OTC Markets system. The company had previously implemented a reverse stock split to remedy the bid price deficiency but remains below the minimum Nasdaq threshold of $1.00 per share.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 1:12 pm

MNK

Mallinckrodt Plc and some of its subsidiaries have entered into a restructuring support agreement with creditors. This move is likely to impact the company's financial structure and debt management.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 12:19 pm

AAPL

GS

QQQ

Apple Inc. launched the Apple Card, a credit card issued by Goldman Sachs, four years ago. The card, linked to Apple Pay, offers features like no fees, lower interest rates, and cash back on purchases. It contributes to Apple's Services business, a key revenue generator. However, Goldman Sachs' 'Platform Solutions', including Apple Card, saw a net loss of $667 million in the recent quarter. If an investor had put in $1,000 in Apple on the day the Apple Card was launched, the investment would have fetched a return of roughly 247% over a four-year period.

Portfolio Pulse from Shanthi Rexaline

August 23, 2023 | 7:33 am

F

Ford has entered into a revolving credit agreement with lenders, providing $4B of commitments to Ford. The agreement has a maturity date of August 15, 2024.

Portfolio Pulse from Charles Gross

August 22, 2023 | 9:21 pm

HE

Hawaiian Electric Industries Inc is seeking advice from various experts, including Guggenheim Securities, to maintain its financial health.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 6:42 pm

M

Macy's executive has stated that the company is working closely with its bank partner to mitigate the impact of rising bad debts by adjusting underwriting strategies.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 12:34 pm