Streetbeat News

Regulatory

KRP

Kimbell Royalty Partners has filed for a stock shelf, according to an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:27 pm

ETHUSD

GOOGL

Google Cloud has become a validator on the Celo network, joining other validators such as Deutsche Telekom and impactMarket. This move is part of a broader effort to scale blockchain technology for mainstream adoption. The Celo community recently voted to transition from an independent layer-1 blockchain to an Ethereum layer-2 solution, facilitated by Google Cloud’s Blockchain Node Engine. The Celo Foundation continues to be a founding partner in Google Cloud’s new Web3 startup program.

Portfolio Pulse from Murtuza Merchant

August 04, 2023 | 12:24 pm

FXI

QCOM

Qualcomm's CFO has stated that the company's forecast for the September and December quarter does not include any significant revenues from Huawei. This is due to the fact that Qualcomm does not have a 5G license for Huawei and is not expecting any substantial revenue from them in the future.

Portfolio Pulse from Charles Gross

August 04, 2023 | 12:24 pm

BKH

Black Hills Corporation has reaffirmed its FY23 earnings per share (EPS) guidance of $3.65-$3.85, which is in line with the estimated $3.76. The guidance is based on several assumptions including normal weather conditions, normal operations for planned projects, constructive regulatory outcomes, no significant unplanned outages, production tax credits of $20 million, capital investment of $615 million, equity issuance of $140-$160 million, interest expense of $180-$185 million, and total operating expense of $600-$610 million. The company will announce its 2024 earnings guidance during its year-end 2023 earnings call.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 12:18 pm

SPGI

Fitch Ratings has downgraded the U.S. credit rating from AAA to AA+ due to fiscal concerns, perceived governance decline, and increased political polarization. The decision was criticized by U.S. Treasury Secretary Janet Yellen and White House economic advisor Jared Bernstein as arbitrary and based on outdated data. To regain its previous rating, the U.S. would need to stabilize its debt-to-GDP ratio and possibly permanently suspend the debt ceiling, according to Fitch.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 12:15 pm

EUDA

Euda Health received a notice from Nasdaq on July 31, stating that the company's listed securities failed to comply with the requirement for continued listing.

Portfolio Pulse from Charles Gross

August 04, 2023 | 12:13 pm

JPM

SPY

Jamie Dimon, CEO of JPMorgan Chase, expressed more concern about China and cybersecurity threats than bank stress tests during an interview on CNBC.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:08 pm

JPM

SPY

Jamie Dimon, CEO of JPMorgan Chase, stated on CNBC that the US has spent $5 trillion over the two years of the COVID-19 pandemic. He also criticized the Federal Reserve for taking too long to react and then overcompensating by raising interest rates to 5%. However, he noted that businesses are in good shape.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:06 pm

JPM

SPY

Jamie Dimon, CEO of JPMorgan Chase, expressed his opinion on CNBC that the US should eliminate the debt ceiling. He also advocated for applauding free enterprise in America.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:04 pm

BNBUSD

FTTUSD

The U.S. Department of Justice (DOJ) is considering bringing fraud charges against cryptocurrency exchange Binance (CRYPTO: BNB), but is concerned about the potential impact on consumers and the cryptocurrency markets. The DOJ fears that indicting Binance could trigger a run on the exchange, similar to what happened with the now-bankrupt platform FTX (CRYPTO: FTT). Prosecutors are exploring alternative options such as imposing fines or entering into deferred or non-prosecution agreements.

Portfolio Pulse from Murtuza Merchant

August 04, 2023 | 12:02 pm