Streetbeat News

Equity Actions

AEE

Ameren Corporation (NYSE:AEE) announced that Warner Baxter, executive chairman of the board of directors, will retire on Nov. 2, 2023. Marty Lyons, current president and CEO, has been elected as the new chairman of the board. Baxter has had a significant impact on the utility industry and Ameren, delivering strong value to customers, communities, and shareholders. Under his leadership, Ameren has executed a strategy focused on robust energy infrastructure investments and has been recognized for its diversity and inclusion efforts.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:57 pm

AAPL

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WMT

X

The article covers a range of topics including retail earnings, crypto market movements, US politics, world politics, world economy, tech updates, electric vehicle news, financial risks, and industrial updates. Key highlights include Jim Cramer's advice on FAANG stocks, investor sentiment decline post July's PPI, Donald Trump's Ethereum holdings, Elizabeth Warren's push for $17 minimum wage, Apple's iPhone 15 Pro updates, Ford's collaboration with Tesla, US banks facing deposit flight threat, and US Steel's response to Cleveland-Cliffs' offer.

Portfolio Pulse from Akanksha Bakshi

August 14, 2023 | 12:51 pm

NRG

NRG Energy, Inc. (NYSE:NRG) has announced a proposed offering of pre-capitalized trust securities redeemable 2028 to replace its existing pre-capitalized trust securities redeemable 2023. The proceeds from the sale will be invested in a portfolio of U.S. Treasury securities and will be used as collateral for certain banks that have agreed to provide letters of credit for NRG's account. The offering is only available to qualified institutional buyers.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:51 pm

IHS

MA

META

Mastercard Inc (NYSE:MA) is set to acquire a minority stake in MTN Group Ltd's fintech business for $5.2 billion. The deal will involve a commercial agreement on payments and remittances using Mastercard's technology infrastructure to expand in Africa. The investment is expected to enhance MTN's valuation and balance sheet. Other companies like Airtel Africa Plc, Safaricom Plc, and Vodacom Group Ltd are also shifting towards digitalization.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 12:43 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN) has announced a tradable subscription rights offering for its Class A and Class B common stock and warrants. The rights offering is priced at $3.00 per share and includes an over-subscription privilege. The offering also covers the placement of unsubscribed shares for an additional period of up to 45 days following the expiration of the offering. The rights offering is expected to begin on August 22, 2023.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:41 pm

BOWNU

Bowen Acquisition Corp (NASDAQ:BOWNU) has announced that from August 17, 2023, holders of its units sold in the initial public offering may choose to separately trade the company's ordinary shares and rights included in the units. The separated ordinary shares and rights will trade on the Nasdaq Global Market under the symbols 'BOWN' and 'BOWNR'.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:38 pm

TMC

The Metals Company (TMC) has announced a registered direct offering at $2 per share, along with warrants. This news has led to an increase in the company's share price.

Portfolio Pulse from Luke J Jacobi

August 14, 2023 | 12:33 pm

DWAC

Congresswoman Marjorie Taylor Greene's investment in Digital World Acquisition Corporation (NASDAQ:DWAC), the SPAC planning to merge with Trump Media & Technology Group, has significantly decreased in value. Greene bought between $15,001 and $50,000 worth of DWAC shares at an average price of $94.20 in October 2021. However, the SPAC's shares have fallen 45% over the past year due to setbacks and investigations delaying the merger. If the deal is not finalized by the deadline, the SPAC may have to liquidate shares at net asset value, closer to the $10 level.

Portfolio Pulse from Chris Katje

August 14, 2023 | 12:31 pm

AMC

AMC Entertainment Holdings has received court approval for its revised stock conversion plan, leading to a rise in the trading of its Preferred Equity Units.

Portfolio Pulse from Luke J Jacobi

August 14, 2023 | 12:30 pm

AMZN

GOOGL

MSFT

NVDA

Amazon is designing custom microchips, Inferentia and Trainium, for AWS' generative AI training and acceleration to bypass Nvidia GPUs for large language model training. Amazon Web Services CEO Adam Selipsky stressed the global demand for generative AI chips, including Amazon's designs. Microsoft invested $13 billion in OpenAI and quickly integrated generative AI models into its products. Google launched Bard LLM and invested $300 million in OpenAI competitor Anthropic. Amazon launched its own Titan LLMs and Bedrock service for enhancing software using generative AI.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 12:29 pm