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HUBC

HUB Security is in discussions to extend the maturity date of a $4M principal note originally due in August 2024. The company also completed a $3.3M private placement from non-U.S. investors in the form of convertible notes with a conversion price of $0.70 per share, along with warrants at an exercise price of $1.00 per share.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 11:13 am

SPY

Federal Reserve's Neel Kashkari suggests that a discussion about potentially cutting interest rates in September is appropriate, as the balance of risks has shifted more towards the labor market and away from inflation. This indicates a possible rate cut due to a weaker job market.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:21 am

GS

Goldman Sachs has revised the U.S. recession risk down to 20% due to positive economic data, including strong retail sales and low jobless claims. The upcoming jobs report on September 6 could further reduce the recession risk to 15%. Goldman Sachs also anticipates a potential 25 basis point interest rate cut by the Federal Reserve in September.

Portfolio Pulse from Bibhu Pattnaik

August 18, 2024 | 1:45 pm

SPY

Federal Reserve's Gooslbee expressed concerns about the economic outlook for 2024, highlighting crosscurrents in the economy. He noted that the current interest rate level was set over a year ago, and both inflation and the labor market are cooling faster than expected. Gooslbee suggested that the Fed should reassess its stance.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:28 pm

SPY

Federal Reserve's Goolsbee signals caution as unemployment rises and credit conditions tighten. Businesses are struggling to pass on higher prices to consumers.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:12 pm

SPY

Federal Reserve's Goolsbee has issued a warning about increasing small business defaults and rising unemployment, which have now reached cautionary levels. This could signal potential economic challenges ahead.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 5:41 pm

IIIV

Analysts have provided mixed ratings for i3 Verticals (NASDAQ:IIIV) over the past three months, with a slight increase in the average 12-month price target. The company faces challenges in revenue growth and debt management but shows strong net margin and ROA.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 2:01 pm

QQQ

SPY

Paul Christopher from Wells Fargo predicts a significant upswing in the stock market, similar to the 1995 boom, due to falling inflation and stable economic growth. He expects the Federal Reserve to cut rates, which could benefit financial and tech stocks. The S&P 500 and Russell 2000 are showing strong performance, with SPY and QQQ ETFs closing higher.

Portfolio Pulse from Benzinga Neuro

August 16, 2024 | 8:09 am

DGX

Quest Diagnostics (NYSE:DGX) has announced the pricing of a public offering of $1.85 billion in senior notes due 2027, 2029, and 2034. The notes include $400 million of 4.600% senior notes due 2027, $600 million of 4.625% senior notes due 2029, and $850 million of 5.000% senior notes due 2034.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:14 am

BXP

BXP has announced the sale of $850 million of 5.750% senior unsecured notes due 2035 in a public offering. This move is likely aimed at raising capital for future projects or refinancing existing debt.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 9:30 pm