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IEI

The US federal deficit has increased by 170% to $1.39 trillion for the nine months through June, according to Treasury Department data. The cost of managing US government debt has risen by 25% to $652 billion in the first nine months of the fiscal year. The rise in interest rates has played a significant role in driving the deficit. The value of US Treasury bonds maturing in the next three to seven years, as monitored by the iShares 3-7 Year Treasury Bond ETF (NASDAQ:IEI), is 10% lower than it was at the beginning of 2022.

Portfolio Pulse from Piero Cingari

July 13, 2023 | 8:13 pm

JPM

SPY

VGK

U.N. Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin to extend a deal allowing the safe Black Sea export of grain from Ukraine in return for connecting a subsidiary of Russia's agricultural bank to the SWIFT international payment system. The EU is considering connecting a subsidiary of Rosselkhozbank to SWIFT specifically for grain and fertilizer transactions. U.N. officials have gotten U.S. bank JPMorgan Chase & Co to start processing some Russian grain export payments.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 7:01 pm

BAC

T

AT&T Inc (NYSE:T) is currently trading near multi-decade lows, but there may be an opportunity for investors to capitalize on both potential capital appreciation and its dividends. AT&T's CFO Pascal Desroches recently reassured investors about the company’s financial health at the Bank of America Corp (NYSE:BAC) C-Suite Technology, Media and Telecommunications Conference. Desroches reiterated AT&T’s free cash flow target of $16 billion or more for 2023. The projected cash flow, combined with AT&T’s trading at near historic lows, may present an appealing opportunity for yield-seeking investors.

Portfolio Pulse from AJ Fabino

July 13, 2023 | 6:27 pm

NTR

Nutrien Inc.'s shares have fallen by 18.05% in the past three months. The company's total debt stands at $10.72 billion, with $8.04 billion in long-term debt and $2.68 billion in current debt. After adjusting for $901.00 million in cash-equivalents, the net debt is $9.82 billion. The debt-ratio, considering Nutrien's $54.59 billion in total assets, is at 0.2. Debt is a crucial factor in a company's capital structure and can impact its growth and cash-flow.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 5:45 pm

GS

Goldman Sachs is expected to report its worst quarterly earnings in years next week, with writedowns on its GreenSky consumer-lending business and commercial real estate holdings likely to exceed $2 billion. The poor performance is expected to increase pressure on CEO David Solomon, who has been criticized for his resource allocation and strategic decisions. The firm's relationship with the Federal Reserve has also reportedly deteriorated under Solomon's leadership.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 5:23 pm

FTV

Fortive Inc.'s shares have risen by 11.85% over the past three months. The company's total debt stands at $3.09 billion, with net debt at $2.42 billion after adjusting for cash-equivalents. The debt ratio of the company is 0.2, indicating a low level of financial leverage. Debt is an important factor in a company's capital structure and can help it achieve growth, but it can also pose risks if interest rates increase.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 4:30 pm

BAC

BTCUSD

COIN

FTTUSD

Coinbase Global Inc. CEO, Brian Armstrong, initiated a Twitter poll to investigate claims that Bank of America Corp. is closing accounts linked to transactions with the exchange. The poll was sparked by a claim from Muneeb Ali, co-founder of blockchain firm Stacks, who alleged that his personal account with the bank was closed due to his use of an account to purchase Bitcoin via Coinbase. Approximately 9% of respondents indicated that their accounts had been closed due to transactions with Coinbase.

Portfolio Pulse from Murtuza Merchant

July 13, 2023 | 4:18 pm

BMY

Bristol-Myers Squibb Inc. (NYSE:BMY) has seen its shares decrease by 11.11% in the past three months. The company's financial statement as of April 27, 2023, shows a long-term debt of $35.08 billion and current debt of $2.75 billion, amounting to $37.83 billion in total debt. After adjusting for $8.99 billion in cash-equivalents, the company's net debt stands at $28.84 billion. The company's debt-ratio is 0.4, indicating a moderate level of financial leverage.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 4:15 pm

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EWL

UBS

The Swiss Parliament has initiated an investigation into the collapse of Credit Suisse. The main focus of the investigation will be to assess the legality, expediency, and effectiveness of relevant authorities during the crisis. The inquiry is expected to last 12-14 months.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 3:44 pm

SPY

Federal Reserve's Daly stated that her current focus is on determining whether there is a need for further interest rate hikes and the extent of such hikes to bring inflation down to 2%.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 3:42 pm