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SPY

The Federal Reserve's Hammack reports that inflation has eased while the job market remains strong and growth is good. However, housing-related inflation may persist. More disinflation is expected.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:57 pm

WULF

TeraWulf announced the upsizing and pricing of its $425 million offering of 2.75% Convertible Senior Notes due 2030, with a 32.50% conversion premium. The offering includes capped call transactions and a concurrent repurchase of $115 million of common stock. The notes will mature on February 1, 2030, and are convertible under specific conditions.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:38 am

BTCUSD

Economist Peter Schiff warns against holding cash due to inflation risks and predicts higher U.S. Treasury yields. He criticizes Bitcoin, advocating for gold as a stable investment.

Portfolio Pulse from Benzinga Neuro

October 24, 2024 | 8:46 am

CLMT

Calumet Specialty Products Partners, L.P. expects to report a Q3 2024 net loss between $90M-$110M and Adjusted EBITDA of $45M-$55M. The company estimates total liquidity of $290M as of September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 6:02 am

SPY

TLT

The 30-year U.S. Treasury yield has surpassed 4.50%, causing concern in global markets. The iShares 20+ Year Treasury Bond ETF (TLT) and SPDR S&P 500 ETF Trust (SPY) have both declined, reflecting investor apprehension over fiscal policies and inflation. The IMF has issued a pessimistic fiscal forecast for the U.S., predicting a budget deficit of 7.6% of GDP in 2024.

Portfolio Pulse from Piero Cingari

October 23, 2024 | 8:40 pm

SRG

Seritage Growth Properties has made a voluntary prepayment of $25 million towards its $1.6 billion term loan facility, which is provided by Berkshire Hathaway. This move indicates a proactive approach in managing its debt obligations.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:38 pm

INV

Innventure has secured a $50 million line of credit from Western Technology Investment and raised $11 million through a Series B preferred stock issuance. This move aims to strengthen its balance sheet and enhance operating flexibility.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:36 pm

GNLN

Greenlane Holdings has reduced its US vendor accounts payable from approximately $13 million on June 30, 2024, to about $8.6 million. The company is negotiating with holders of its remaining accounts payable and debt, but there is no assurance of reaching agreements.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:13 pm

CG

In the past three months, 17 analysts have provided ratings for Carlyle Group (NASDAQ:CG), with a mix of bullish and neutral sentiments. The average 12-month price target has increased to $52.0, indicating a positive outlook. Recent analyst actions include several rating raises and price target adjustments, reflecting changing market dynamics and company performance. Despite positive revenue growth, Carlyle Group faces challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 7:00 pm

REFI

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) has secured a $50 million unsecured term loan with a BBB+ rating from Egan-Jones. The loan will enhance liquidity for future investments and general corporate purposes, including repaying existing borrowings.

Portfolio Pulse from Nicolás Jose Rodriguez

October 23, 2024 | 5:10 pm