Streetbeat News

Credit

MYTE

Mytheresa is set to acquire YOOX NET-A-PORTER from Richemont in a €555 million cash deal, issuing a 33% equity stake to Richemont. The transaction, expected to close in H1 2025, will form a global multi-brand luxury group.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:42 am

CBSTF

CRLBF

VRNOF

FiSai US Management, a major creditor of The Cannabist Company, has publicly expressed concerns over the company's management and financial strategy. FiSai holds $50 million in secured notes and is worried about The Cannabist's liquidity issues and debt burden, which includes $60 million due by 2025 and $185 million by 2026. The lender criticized the company's 'pray and hope' approach and its recent asset sale to Verano, as well as a failed merger with Cresco.

Portfolio Pulse from Rolando García

October 04, 2024 | 8:13 pm

SPY

White House Advisor Brainard expressed increased confidence that interest rates and inflation are on a downward trend.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 6:33 pm

SPY

Federal Reserve's Goolsbee indicates a shift from focusing solely on cutting inflation to a more balanced approach. Discussions will be held on the appropriate rate to settle on.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:36 pm

SPY

In a Yahoo Finance interview, Fed's Goolsbee suggested that if current conditions persist, the policy rate could be significantly lower by the end of 2025. He emphasized the importance of upcoming data before the next Fed meetings and aims to maintain current inflation and unemployment levels.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:36 pm

SPY

In a Bloomberg TV interview, Fed's Goolsbee highlighted that most Fed policymakers anticipate a significant reduction in interest rates over the next 12 to 18 months. He cautioned against maintaining overly restrictive rates.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:08 pm

C

GS

HSBC

JPM

MS

MSFT

NVDA

SAN

UBS

WFC

OpenAI has secured a $4 billion credit line to enhance its AI capabilities and expand its Nvidia-powered infrastructure. This move increases its liquidity to $10 billion, allowing for significant investment in computing capacity. The credit line is facilitated by major banks including JPMorgan Chase, Citigroup, Goldman Sachs, and others. Microsoft and Nvidia participated in a recent funding round, highlighting continued investor confidence despite executive changes.

Portfolio Pulse from Ananya Gairola

October 04, 2024 | 2:11 am

GTBIF

Green Thumb Industries Inc. (OTCQX:GTBIF) is set to release its Q3 2024 financial results on November 7, 2024. The company is focusing on operational efficiency, market expansion, and long-term value creation. It recently announced a $50 million share repurchase program and closed a $150 million credit facility. Green Thumb's shares are trading slightly higher.

Portfolio Pulse from Jelena Martinovic

October 03, 2024 | 11:53 pm

SAVE

Spirit Airlines is in discussions with bondholders about a potential Chapter 11 bankruptcy filing following a failed merger with JetBlue Airways. The airline is considering restructuring its balance sheet, focusing on reaching an agreement with creditors.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 11:21 pm

BX

Analysts have varied opinions on Blackstone (NYSE:BX), with recent ratings showing a mix of bullish and neutral sentiments. The average 12-month price target has increased by 6.97% to $141.55. Blackstone faces revenue challenges and has a high debt-to-equity ratio, but shows strong ROE. Analysts' ratings and price targets provide insights into the company's market position.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 9:00 pm