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Revenues

SPY

Indexes moved higher following softer-than-expected May Producer Price Index (PPI) data, indicating potential easing of inflationary pressures.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:31 pm

SPY

The USA reported initial jobless claims of 242,000, higher than the estimated 225,000 and the previous 229,000. This indicates a potential slowdown in the labor market.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:30 pm

WBUY

Webuy Global has announced a successful launch with plans to rapidly enter the global, multi-billion-dollar anti-aging and nutraceutical markets.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:30 pm

SPY

The US Producer Price Index (PPI) for May decreased by 0.2%, contrary to the expected increase of 0.1%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:30 pm

HITI

High Tide Inc. (NASDAQ:HITI) has secured $10.1 million in debt financing through binding subscription agreements with institutional credit providers. The financing will be used to repay outstanding convertible debentures and support the company's expansion and working capital needs. The financing is structured in two tranches, with the first tranche of CA$10 million closing by June 30, 2024, and the second tranche of CA$5 million in November 2024.

Portfolio Pulse from Nina Zdinjak

June 13, 2024 | 12:18 pm

GS

Goldman Sachs Group Inc. (NYSE:GS) plans to double its lending to ultra-wealthy private bank clients by 2029 as part of its wealth management expansion strategy. The bank aims to provide more loans for significant purchases and leverage against illiquid assets. This move aligns with Goldman Sachs' broader strategy to diversify its business beyond trading and investment banking.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 12:18 pm

AMZN

META

QCOM

Samsung Chairman Jay Y. Lee has engaged in strategic talks with Meta, Amazon, and Qualcomm to discuss potential cooperation in AI, cloud services, and semiconductors. These discussions will guide a strategic meeting for Samsung at the end of June, aiming to solidify its position in the chip market.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 12:16 pm

BTOC

Armlogi Holding reported a total revenue of $38.4 million for the three months ended March 31, representing a 28% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:13 pm

GRRR

Gorilla Technology Group Inc. (NASDAQ:GRRR) has issued a letter to its stockholders addressing recent stock price concerns and highlighting significant project wins in Taiwan. The company has secured three major projects and raised $12 million to support its ambitious initiatives. CEO Jay Chandan reassures investors of the company's resilience and commitment to innovation in the AI and cybersecurity sectors.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:11 pm

AHT

Ashford Hospitality Trust (NYSE:AHT) has sold two hotels in Kennesaw, Georgia for $17.5 million. The sale will help pay down a $10.8 million mortgage loan and fund general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:09 pm