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NYCB

New York Community Bancorp, Inc. (NYCB) has announced the immediate appointment of four new executives to its team, aiming to enhance operational capabilities, risk and compliance, and drive growth. Craig Gifford is appointed as CFO, bringing over 30 years of banking experience. Bao Nguyen is named SEVP, General Counsel & Chief of Staff, with a background in financial services law. Scott Shepherd joins as SEVP, Head of Commercial Real Estate Lending, with extensive experience in real estate finance. James Simons is appointed as EVP, Special Advisor to the CEO, bringing over 45 years of banking experience.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 9:50 pm

KULR

KULR Technology Group, Inc. (NYSE:KULR) reported a significant revenue increase of 146% in 2023, reaching $9,830,166 from $3,994,634 in 2022, attributed to success in energy storage, battery transportation, and recycling sectors. Despite the revenue growth, the company experienced a net loss increase to $23,693,556, or $0.20 per share, and a decrease in cash position to $1,194,764. The company expanded its customer base, secured major contracts with H55 Inc., Nanoracks, Lockheed Martin, and a leading U.S. automaker, and received special permits from the U.S. Department of Transportation for its SafeX product suite.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:18 pm

AGX

ATI

ATLX

X

U.S. Steel and Nippon Steel are delaying their $14.1 billion deal due to political and regulatory challenges, with a potential extension into 2025. Atlas Lithium secures financing and supply agreements with key suppliers to major tech firms, aiming to accelerate production with a new plant in Brazil. ATI completes an expansion enhancing its specialty rolled products capabilities. Argan reports a 26% revenue increase in fiscal 2024, with optimistic outlooks despite some project losses.

Portfolio Pulse from austin@walkonholdings.com

April 12, 2024 | 8:14 pm

QMCO

Quantum Corporation (NASDAQ:QMCO) provided a business update including a Q4 2024 liquidity update, revealing $26.1M in cash and equivalents, $87.9M in term loan debt, and $26.6M in revolving credit borrowings. The company also reported a $4.1M interest expense for Q4. Quantum announced a transaction post-Q4, selling service inventory assets for $15M to pay down $12.3M in debt, aiming to improve financial flexibility. Additionally, Quantum completed a new ERP system implementation, expected to reduce capital expenditures and increase operational efficiencies. Quantum is working to avoid Nasdaq delisting, with a hearing scheduled for May 14, 2024. Marc E. Rothman will retire from the board by August 31, 2024, or the 2024 annual meeting date, with a search for a new director underway.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 8:10 pm

SPY

The Foundation Hotel, a $28 million boutique property developed by Aparium Hotel Group and located in Detroit's historic former Fire Department HQ, has opened. The hotel features 100 rooms, a restaurant led by Michelin-starred executive chef Thomas Lents, and incorporates local art and historical elements. It aims to offer an experiential stay with amenities like free bicycles and partnerships with local businesses.

Portfolio Pulse from Dustin Blitchok

April 12, 2024 | 7:28 pm

TSLA

Argentine President Javier Milei and Tesla Inc. CEO Elon Musk discussed the importance of free markets, technological development, and population growth at Tesla's facility in Austin, Texas. They emphasized the need to cut bureaucratic red tape and boost global birth rates. Additionally, they talked about collaboration in the face of social network X's conflict in Brazil and agreed to promote technological development and host a large event in Argentina to promote freedom.

Portfolio Pulse from Jose Rodrigo Safdiye

April 12, 2024 | 7:14 pm

SHIB-USD

'Dogecoin Killer' Shiba Inu (SHIB) has seen a significant increase in daily transactions, with a 3,555% surge, and its burn rate spiked by 1,465%. This indicates a bullish sentiment among investors. Shiba Inu's lead developer, Shytoshi Kusama, expressed enthusiasm for contributing to the Content Delivery Security Association with blockchain technology. Additionally, D3 Global now accepts Shiba Inu and BONE for payments on Shibarium.

Portfolio Pulse from Khyathi Dalal

April 12, 2024 | 6:56 pm

EZGO

JPM

MOTS

PXMD

JPMorgan Chase & Co. shares fell by 5.1% despite beating first-quarter earnings and revenue expectations, with other stocks experiencing significant movements in Friday's mid-day session. Notable gainers include PaxMedica, EZGO Technologies, and Allarity Therapeutics, among others, with various reasons for their stock movements. Conversely, several companies faced declines, such as Motus GI Holdings, Lixiang Education, and Monogram Orthopaedics, each with specific challenges impacting their stock prices.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 6:47 pm

BLK

JPM

The article discusses the significant role of crypto-native institutions in advancing the blockchain and cryptocurrency industry, highlighting their understanding and appreciation of decentralization from the industry's inception. It contrasts this with the gradual involvement of traditional financial giants like BlackRock (NYSE:BLK) and JPMorgan (NYSE:JPM), noting that while the entry of these institutions into the crypto space is important, the real driving force behind the industry's growth and innovation are the crypto-native entities. These institutions have been pivotal in major developments such as the rise of DeFi, Ethereum's migration to proof-of-stake, and the approval of Bitcoin ETFs.

Portfolio Pulse from Jupiter Zheng

April 12, 2024 | 4:58 pm

EZGO

EZGO Technologies Ltd (NASDAQ:EZGO) shares surged 44.83% to $2.26 after announcing a procurement agreement with Hangzhou Huiyu Zhichuang Industrial Co., Ltd, a subsidiary of Huiyu Holdings Group. Under the deal, EZGO will sell twelve security patrol robots and one intelligent patrol platform for $1.84 million, with delivery and installation within nine months. The robots feature advanced capabilities like self-navigation and live video streaming, intended for use in Huiyu Intelligent Innovation Park in Hangzhou, China.

Portfolio Pulse from Shivani Kumaresan

April 12, 2024 | 4:56 pm