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WFC

Wells Fargo CEO Charles Scharf expects to see continuing growth in the credit card segment, according to a Reuters report.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 12:34 pm

VTNR

Vertex Energy announced the start of commercial production of renewable diesel and has entered into a working capital facility for its renewable diesel business. The company aims to expand its renewable diesel production capacity.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 10:02 am

ASML

ASML has successfully placed a bond offering for €1B, with the transaction expected to be settled on June 6, 2023. The senior notes are due in December 2025 and have an issue price of 99.989% and a coupon of 3.500%. The net proceeds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:06 pm

UPST

Upstart Holdings (NASDAQ: UPST) shares are trading higher, possibly due to news of a tentative debt deal between President Joe Biden and House Speaker Kevin McCarthy. The stock has high short interest with 34.74% of the float currently sold short, which could be helping fuel the rally.

Portfolio Pulse from Ryan Gustafson

May 30, 2023 | 8:01 pm

SPY

Federal Reserve's Barkin stated that bank loan volumes have held up 'pretty nicely' despite banks becoming more selective. This indicates a stable financial environment.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 5:48 pm

BIL

President Biden and House Speaker McCarthy reached a preliminary agreement on the 'Fiscal Responsibility Act,' suspending the debt limit until 2025 and limiting discretionary spending for two years. The 1-month T-Bill yield dropped over 40 basis points to 5.3%, reflecting investor confidence in the debt ceiling package. The SPDR Bloomberg 1-3 Month T-Bill ETF (NYSE:BIL) tracks short-term U.S. T-Bills.

Portfolio Pulse from Piero Cingari

May 30, 2023 | 4:11 pm

AMZN

Amazon shares are trading higher by 1.75% to $122.21 amid overall market strength on hopes of a debt ceiling resolution and strength in the broader tech sector. Harvard professor and economist Jason Furman believes the debt ceiling agreement is better than nothing but too close for comfort.

Portfolio Pulse from Henry Khederian

May 30, 2023 | 3:15 pm

SSB

SouthState Bank has introduced a $10 million Opportunity Advantage Loan Fund to help low-to-moderate income homebuyers overcome financial barriers in purchasing a primary home. The fund is available for homebuyers in Alabama, Florida, Georgia, the Carolinas, and Virginia for applications received after May 15, 2023.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 1:49 pm

AI

DAL

ETRN

F

NVDA

NVIDIA shares rose 4% after announcing the Israel-1 generative AI cloud supercomputer, Ford was upgraded by Jefferies, Delta Airlines saw high travel demand during Memorial Day weekend, Equitrans Midstream gained 40% premarket after a debt limit agreement, and C3.ai shares rose 12% ahead of Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 1:01 pm

DBD

Diebold Nixdorf (NYSE:DBD) has entered a global debt restructuring support agreement with key financial stakeholders to reduce debt, leverage levels, and provide additional liquidity for ongoing operations and a sustainable capital structure.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 11:15 am