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DIA

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SPY

The House of Representatives has passed a bill to raise the debt limit, preventing a potential default on U.S. government debt.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 1:30 am

SPY

Concerns over commercial real estate loan defaults and a slowing economy are raising the possibility of credit tightening by fall. The SPY (NYSE:SPY) is entering a choppy trading period, with the Debt Limit bill and May Jobs report being potential short-term catalysts.

Portfolio Pulse from Joe Benjamin

May 31, 2023 | 10:31 pm

AEP

American Electric Power (AEP) has successfully remarketed its 1.30% Junior Subordinated Debentures due 2025 into $850 million aggregate principal amount of 5.699% Junior Subordinated Debentures due 2025.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 10:01 pm

COSM

Cosmos Health Inc. plans to acquire and finance Docpharm GmbH for €800,000 in cash, with an additional €1,000,000 provided by a basic credit line from a designated bank account within 10 days of closing the acquisition.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 8:28 pm

SPY

Federal Reserve Bank of Philadelphia President Patrick Harker stated that he is not seeing a credit crunch but rather a credit squeeze following Silicon Valley Bank's actions. This may impact the overall market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 5:50 pm

SPY

Federal Reserve's Jefferson stated that monetary policy works with a lag and a year is not long enough to feel the full effect. He added that the base case outlook is not for a recession, but higher interest rates and lower earnings could test businesses' ability to service debt.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 5:27 pm

SOFI

SoFi Technologies stock is up following a tentative debt limit deal likely to restore student loan payments. The debt ceiling deal terms would reinstate student loan payments and the accrual of interest near the end of August and pause the debt limit until early 2025.

Portfolio Pulse from Anusuya Lahiri

May 31, 2023 | 3:16 pm

SOFI

SoFi shares are trading higher after a tentative debt limit agreement, which would reinstate student loan payments.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 2:12 pm

RWBYF

Red White & Bloom Brands Inc. reported Q1 2023 revenue of $27 million, a 4% YoY decrease. Gross profit was $8.4 million, and adjusted EBITDA was $95,391. The company entered into debenture amending agreements and appointed Edoardo Mattei as its new CFO.

Portfolio Pulse from Vuk Zdinjak

May 31, 2023 | 1:33 pm

SMFL

Smart for Life's CEO Darren Minton has released a statement on the company's recapitalization efforts. The statement highlights the company's commitment to growth and financial stability.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 1:08 pm