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ESEA

Euroseas Ltd. (NASDAQ:ESEA) has taken delivery of its M/V Terataki, a 2,800 teu feeder containership newbuilding from Hyundai Mipo Dockyard Co. The vessel, equipped with a Tier III engine and other sustainability features, was financed with a combination of own funds and a sustainability-linked loan from National Bank of Greece S.A. The vessel has commenced a 36 to 40 months charter with Asyad Lines. The company expects the charter to contribute over $42 million of EBITDA to the company.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 8:08 pm

FSLR

First Solar, Inc. (NASDAQ:FSLR) has secured a five-year revolving credit and guarantee facility for $1 billion, with J.P. Morgan Chase Bank acting as Lead Arranger. Other banks participating include Bank of America, Citibank, Credit Agricole CIB, and PNC Bank, among others. The company plans to use the facility to support its growth strategy, which includes adding approximately 8 GWDC of new capacity between 2023 and 2026.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 8:06 pm

MGRC

McGrath RentCorp has acquired the assets of Inland Leasing and Storage, a Colorado-based container rental company. The acquisition, funded by McGrath's revolving credit facility, adds approximately 600 assets to McGrath's portable storage operations in Colorado.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:02 pm

SHOP

Shopify Inc. (NYSE:SHOP) shares are trading lower due to concerns over further Federal Reserve rate hikes. The wider tech sector is experiencing a downturn, which could negatively impact growth stocks. Despite this, Shopify's stock has seen a 75% increase since the start of the year, with a major boost coming from a surprise profit in May.

Portfolio Pulse from Ryan Gustafson

July 06, 2023 | 7:58 pm

FCEL

Shares of FuelCell Energy Inc (FCEL) are trading lower by 5.94% amid overall market weakness due to concerns over further rate hikes. The Federal Reserve's latest June FOMC Minutes highlighted some signs of supply and demand in the labor market moving toward a better balance. Higher interest rates can limit access to affordable financing options, making it challenging for companies like FuelCell Energy to secure necessary funds for capital-intensive projects.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 7:50 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) is trading lower by 3.14% amid overall weakness in cryptocurrencies. The altcoin may be trading lower in sympathy with the broader U.S. market following better-than-expected US jobs data, which could raise concerns over further rate hikes. Higher interest rates increase the opportunity cost of holding altcoins like Shiba Inu, which can negatively impact its price and liquidity.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 7:12 pm

CS

UBS

UBS has taken over Credit Suisse's shipping finance business and combined it with its own aircraft financing business, according to a memo cited by Reuters.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 5:39 pm

UBS

UBS has announced management appointments for its Global Wealth Management division. The bank is also 'carefully examining' all options for Credit Suisse's Swiss business, according to a memo cited by Reuters.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 5:39 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares are sliding lower due to overall market weakness, increased volatility following the recent debt ceiling deal, and the U.S. Supreme Court ruling to block President Biden's plan to cancel $430 billion in student debt. The company announced a conference call to discuss Q2 2023 financial and operating results on July 31. Over 15% of available SOFI shares are currently being sold short.

Portfolio Pulse from Erica Kollmann

July 06, 2023 | 4:32 pm

TVIX

UVXY

VIXM

VIXY

VXX

The CBOE Volatility (VIX) Index surged over 20% on Thursday due to concerns that the Federal Reserve may raise interest rates again in 2023. This was fueled by strong economic data and hawkish remarks from Federal Reserve Bank of Dallas President, Lorie K. Logan. Traders now anticipate an increased likelihood of Fed rate hikes, with the probability of a 25 basis points hike in July rising to 95%. ETFs that track the VIX index, such as ProShares VIX Short-Term Futures ETF (VIXY), iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX), VelocityShares Daily 2x VIX Short-Term ETN (TVIX), ProShares Ultra VIX Short-Term Futures ETF (UVXY), and ProShares VIX Mid-Term Futures ETF (VIXM), may be impacted.

Portfolio Pulse from Piero Cingari

July 06, 2023 | 4:31 pm