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Raymond Phee

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- Raymond PheeRaymond Phee
  ·2023-10-24
  Share your opinion about this news…
  Post-Bell | Wall Street Ends Mixed; One Company Soars Almost 5000% in Debut
  U.S. stocks wavered to a mixed close on Monday as benchmark U.S. Treasury yields backed down from 5% and investors shifted their focus to this week's high profile earnings and closely watched economic
  Post-Bell | Wall Street Ends Mixed; One Company Soars Almost 5000% in Debut
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- Raymond PheeRaymond Phee
  ·2023-05-24
  Share your opinion about this news…
  PacWest Bancorp Sells $2.6 Billion Construction Loan Portfolio
  PacWest Bancorp has agreed to sell 74 real estate construction loans, with about $2.6 billion in agg
  PacWest Bancorp Sells $2.6 Billion Construction Loan Portfolio
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06:55","market":"us","language":"en","title":"Post-Bell | Wall Street Ends Mixed; One Company Soars Almost 5000% in Debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1124375139","media":"Tiger Newspress","summary":"U.S. stocks wavered to a mixed close on Monday as benchmark U.S. Treasury yields backed down from 5% and investors shifted their focus to this week's high profile earnings and closely watched economic","content":"<html><head></head><body><p>U.S. stocks wavered to a mixed close on Monday as benchmark U.S. Treasury yields backed down from 5% and investors shifted their focus to this week&#39;s high profile earnings and closely watched economic data.</p><h2 id=\"id_3626619824\">Market Snapshot</h2><p>The Dow Jones Industrial Average fell 190.87 points, or 0.58%, to 32,936.41; the S&amp;P 500 lost 7.12 points, or 0.17%, at 4,217.04; and the Nasdaq Composite added 34.52 points, or 0.27%, at 13,018.33.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c634b203db7b4b74ad6891e32d8e20c\" title=\"\" tg-width=\"391\" tg-height=\"199\"/></p><h2 id=\"id_3350154466\">Market Movers</h2><p><strong>Nvidia Corp. (NVDA)</strong> is using <strong>Arm Holdings Plc (ARM)</strong> technology to develop chips that would challenge <strong>Intel Corp. (INTC)</strong> processors in personal computers, ratcheting up competition between the two semiconductor makers, according to people familiar with the situation. Nvidia gained 3.8%, Arm jumped 4.9% while Intel dropped 3.1%.</p><p><strong>Chevron (CVX)</strong> reached a deal to buy <strong>Hess (HES)</strong> in all-stock deal valued at $53 billion, or $171 a share. The total enterprise value of the transaction, including debt, is $60 billion. Chevron shares fell 3.7%, while Hess dropped 1.1% to $161.30.</p><p style=\"text-align: start;\"><strong>Tesla (TSLA)</strong> was flat. The electric-vehicle maker said capital spending on plants and equipment should exceed $9 billion in 2023, and average $7 billion to $9 billion a year in 2024 and 2025. Wall Street has been modeling just below $9 billion in 2023, but above $9 billion in 2024 and $10 billion in 2025. Tesla also said the Justice Department requested additional information, including subpoenas, from the company as it investigates Tesla’s autopilot technology.</p><p style=\"text-align: start;\"><strong>FMC (FMC)</strong> dropped 13.2% and was the worst performer in the S&amp;P 500 after the agricultural-sciences company said it was reducing third-quarter revenue guidance to $982 million, below analysts’ estimates of just under $1.2 billion, “primarily due to lower volumes in Latin America as destocking was more severe than anticipated.” FMC also cut its revenue outlook for the fourth quarter and fiscal year.</p><p style=\"text-align: start;\"><strong>Roche Holding (RHHBY)</strong> agreed to buy Telavant Holdings, a developer of a drug for people suffering from inflammatory bowel disease, from <strong>Roivant Sciences (ROIV)</strong> and <strong>Pfizer (PFE)</strong> in a deal worth up to $7.25 billion. The acquisition will give Roche, the Swiss drugmaker, the right to develop, manufacture and commercialize drug candidate RVT-3101 in the U.S. and Japan. Roivant Sciences shares fell 11%. Pfizer shares rose 0.6%.</p><p style=\"text-align: start;\"><strong>Textainer Group Holdings (TGH)</strong>, a shipping-container lessor, agreed to be acquired by infrastructure investor Stonepeak for about $2.1 billion. Textainer shareholders will receive $50 a share in cash; the stock closed at $34.15 on Friday and surged 44.7% to $49.41 on Monday. The deal has an enterprise value of about $7.4 billion including Textainer’s debt.</p><p style=\"text-align: start;\"><strong>Okta (OKTA)</strong> fell 8.1% after slumping 12% on Friday following the company’s disclosure that a hacker used a<strong> </strong>stolen credential to access its support system. “The threat actor was able to view files uploaded by certain Okta customers as part of recent support cases,” Okta’s Chief Security Officer David Bradbury said in an online post. Okta’s support system is separate from the production Okta service, which hasn’t been affected. All affected customers have been notified of the incident, the company said.</p><p style=\"text-align: start;\"><strong>MGM Resorts (MGM)</strong> rose 3.9% and was the top performer in the S&amp;P 500. Shares of the casino operator were initiated with a Buy recommendation at HSBC.</p><p style=\"text-align: start;\"><strong>Walgreens Boots Alliance (WBA)</strong> rose 3.3% to $21.96. Shares of the drugstore chain were upgraded to Overweight from Neutral at J.P. Morgan and the price target was raised to $30 a share from $27.</p><p style=\"text-align: start;\"><strong>EngageSmart (ESMT)</strong> reached a deal to be acquired by Vista Equity Partners for $23 a share of $4 billion. EngageSmart stock rose 11.9% to $22.60.</p><p>Shares of <strong>reAlpha Tech (AIRE)</strong> surged 4983.4% in their Nasdaq debut following a direct listing on Monday. The company seeks to &#34;democratize access to short-term rental investments,&#34; with artificial intelligence technology called reAlphaBRAIN that helps identify properties that are likely to yield high returns.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d72fd2e2d59917d2692930375bbe0650\" title=\"\" tg-width=\"1080\" tg-height=\"1920\"/></p><h2 id=\"id_2336334682\">Market News</h2><h3 id=\"id_1499452487\" style=\"text-align: start;\">Nvidia to Challenge Intel With Arm-Based Processors for PCs</h3><p>Nvidia Corp. is using Arm Holdings Plc technology to develop chips that would challenge Intel Corp. processors in personal computers, ratcheting up competition between the two semiconductor makers, according to people familiar with the situation.</p><p style=\"text-align: start;\">Nvidia, whose artificial intelligence accelerator chips already dominate that market, is attempting to make central processing units for PCs, said the people, who asked not to be identified because the matter is private. The CPUs would run Microsoft Corp.’s Windows operating system and go on sale as soon as 2025.</p><h3 id=\"id_4031999087\">Chevron to Buy Hess Corp for $53 Billion in All-Stock Deal</h3><p>Chevron has agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil&#39;s massive Guyana discoveries, the latest in a series of blockbuster U.S. oil combinations.</p><p style=\"text-align: start;\">The Chevron deal announced on Monday and a $60 billion acquisition by Exxon earlier this month will add years of oil and gas production to the two top U.S. producers&#39; portfolios, much of it from U.S. shale. And the deals will leave European oil rivals that had shifted their focus to renewable energy further behind in fossil fuels.</p><h3 id=\"id_1092693164\">Bitcoin Hits Three-Month High, Buoying Crypto Stocks</h3><p>Bitcoin, the world&#39;s largest cryptocurrency, hit a three-month high on Monday, rising 4.73% to $31,420 amid investor enthusiasm about the possibility of a spot bitcoin exchange-traded fund.</p><p style=\"text-align: start;\">The rise in bitcoin sent shares of cryptocurrency and blockchain-related companies such as Coinbase Global and Marathon Digital Holdings up 3.4% and 12.8% respectively. Bitcoin is up more than 18% from the year&#39;s low of $26,533 on Oct. 11.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Post-Bell | Wall Street Ends Mixed; One Company Soars Almost 5000% in Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPost-Bell | Wall Street Ends Mixed; One Company Soars Almost 5000% in Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-10-24 06:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks wavered to a mixed close on Monday as benchmark U.S. Treasury yields backed down from 5% and investors shifted their focus to this week&#39;s high profile earnings and closely watched economic data.</p><h2 id=\"id_3626619824\">Market Snapshot</h2><p>The Dow Jones Industrial Average fell 190.87 points, or 0.58%, to 32,936.41; the S&amp;P 500 lost 7.12 points, or 0.17%, at 4,217.04; and the Nasdaq Composite added 34.52 points, or 0.27%, at 13,018.33.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c634b203db7b4b74ad6891e32d8e20c\" title=\"\" tg-width=\"391\" tg-height=\"199\"/></p><h2 id=\"id_3350154466\">Market Movers</h2><p><strong>Nvidia Corp. (NVDA)</strong> is using <strong>Arm Holdings Plc (ARM)</strong> technology to develop chips that would challenge <strong>Intel Corp. (INTC)</strong> processors in personal computers, ratcheting up competition between the two semiconductor makers, according to people familiar with the situation. Nvidia gained 3.8%, Arm jumped 4.9% while Intel dropped 3.1%.</p><p><strong>Chevron (CVX)</strong> reached a deal to buy <strong>Hess (HES)</strong> in all-stock deal valued at $53 billion, or $171 a share. The total enterprise value of the transaction, including debt, is $60 billion. Chevron shares fell 3.7%, while Hess dropped 1.1% to $161.30.</p><p style=\"text-align: start;\"><strong>Tesla (TSLA)</strong> was flat. The electric-vehicle maker said capital spending on plants and equipment should exceed $9 billion in 2023, and average $7 billion to $9 billion a year in 2024 and 2025. Wall Street has been modeling just below $9 billion in 2023, but above $9 billion in 2024 and $10 billion in 2025. Tesla also said the Justice Department requested additional information, including subpoenas, from the company as it investigates Tesla’s autopilot technology.</p><p style=\"text-align: start;\"><strong>FMC (FMC)</strong> dropped 13.2% and was the worst performer in the S&amp;P 500 after the agricultural-sciences company said it was reducing third-quarter revenue guidance to $982 million, below analysts’ estimates of just under $1.2 billion, “primarily due to lower volumes in Latin America as destocking was more severe than anticipated.” FMC also cut its revenue outlook for the fourth quarter and fiscal year.</p><p style=\"text-align: start;\"><strong>Roche Holding (RHHBY)</strong> agreed to buy Telavant Holdings, a developer of a drug for people suffering from inflammatory bowel disease, from <strong>Roivant Sciences (ROIV)</strong> and <strong>Pfizer (PFE)</strong> in a deal worth up to $7.25 billion. The acquisition will give Roche, the Swiss drugmaker, the right to develop, manufacture and commercialize drug candidate RVT-3101 in the U.S. and Japan. Roivant Sciences shares fell 11%. Pfizer shares rose 0.6%.</p><p style=\"text-align: start;\"><strong>Textainer Group Holdings (TGH)</strong>, a shipping-container lessor, agreed to be acquired by infrastructure investor Stonepeak for about $2.1 billion. Textainer shareholders will receive $50 a share in cash; the stock closed at $34.15 on Friday and surged 44.7% to $49.41 on Monday. The deal has an enterprise value of about $7.4 billion including Textainer’s debt.</p><p style=\"text-align: start;\"><strong>Okta (OKTA)</strong> fell 8.1% after slumping 12% on Friday following the company’s disclosure that a hacker used a<strong> </strong>stolen credential to access its support system. “The threat actor was able to view files uploaded by certain Okta customers as part of recent support cases,” Okta’s Chief Security Officer David Bradbury said in an online post. Okta’s support system is separate from the production Okta service, which hasn’t been affected. All affected customers have been notified of the incident, the company said.</p><p style=\"text-align: start;\"><strong>MGM Resorts (MGM)</strong> rose 3.9% and was the top performer in the S&amp;P 500. Shares of the casino operator were initiated with a Buy recommendation at HSBC.</p><p style=\"text-align: start;\"><strong>Walgreens Boots Alliance (WBA)</strong> rose 3.3% to $21.96. Shares of the drugstore chain were upgraded to Overweight from Neutral at J.P. Morgan and the price target was raised to $30 a share from $27.</p><p style=\"text-align: start;\"><strong>EngageSmart (ESMT)</strong> reached a deal to be acquired by Vista Equity Partners for $23 a share of $4 billion. EngageSmart stock rose 11.9% to $22.60.</p><p>Shares of <strong>reAlpha Tech (AIRE)</strong> surged 4983.4% in their Nasdaq debut following a direct listing on Monday. The company seeks to &#34;democratize access to short-term rental investments,&#34; with artificial intelligence technology called reAlphaBRAIN that helps identify properties that are likely to yield high returns.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d72fd2e2d59917d2692930375bbe0650\" title=\"\" tg-width=\"1080\" tg-height=\"1920\"/></p><h2 id=\"id_2336334682\">Market News</h2><h3 id=\"id_1499452487\" style=\"text-align: start;\">Nvidia to Challenge Intel With Arm-Based Processors for PCs</h3><p>Nvidia Corp. is using Arm Holdings Plc technology to develop chips that would challenge Intel Corp. processors in personal computers, ratcheting up competition between the two semiconductor makers, according to people familiar with the situation.</p><p style=\"text-align: start;\">Nvidia, whose artificial intelligence accelerator chips already dominate that market, is attempting to make central processing units for PCs, said the people, who asked not to be identified because the matter is private. The CPUs would run Microsoft Corp.’s Windows operating system and go on sale as soon as 2025.</p><h3 id=\"id_4031999087\">Chevron to Buy Hess Corp for $53 Billion in All-Stock Deal</h3><p>Chevron has agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil&#39;s massive Guyana discoveries, the latest in a series of blockbuster U.S. oil combinations.</p><p style=\"text-align: start;\">The Chevron deal announced on Monday and a $60 billion acquisition by Exxon earlier this month will add years of oil and gas production to the two top U.S. producers&#39; portfolios, much of it from U.S. shale. And the deals will leave European oil rivals that had shifted their focus to renewable energy further behind in fossil fuels.</p><h3 id=\"id_1092693164\">Bitcoin Hits Three-Month High, Buoying Crypto Stocks</h3><p>Bitcoin, the world&#39;s largest cryptocurrency, hit a three-month high on Monday, rising 4.73% to $31,420 amid investor enthusiasm about the possibility of a spot bitcoin exchange-traded fund.</p><p style=\"text-align: start;\">The rise in bitcoin sent shares of cryptocurrency and blockchain-related companies such as Coinbase Global and Marathon Digital Holdings up 3.4% and 12.8% respectively. Bitcoin is up more than 18% from the year&#39;s low of $26,533 on Oct. 11.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.",".DJI":"道琼斯","ROIV":"Roivant Sciences Ltd.",".IXIC":"NASDAQ Composite","RHHBY":"罗氏控股","ESMT":"EngageSmart Inc.","INTC":"英特尔","TSLA":"特斯拉","PFE":"辉瑞",".SPX":"S&P 500 Index","HES":"赫斯","WBA":"沃尔格林联合博姿","FMC":"FMC Corp.","OKTA":"Okta Inc.","NVDA":"英伟达","CVX":"雪佛龙","ARM":"ARM Holdings","AIRE":"reAlpha Tech Corp.","MGM":"美高梅","MARA":"MARA Holdings"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124375139","content_text":"U.S. stocks wavered to a mixed close on Monday as benchmark U.S. Treasury yields backed down from 5% and investors shifted their focus to this week's high profile earnings and closely watched economic data.Market SnapshotThe Dow Jones Industrial Average fell 190.87 points, or 0.58%, to 32,936.41; the S&P 500 lost 7.12 points, or 0.17%, at 4,217.04; and the Nasdaq Composite added 34.52 points, or 0.27%, at 13,018.33.Market MoversNvidia Corp. (NVDA) is using Arm Holdings Plc (ARM) technology to develop chips that would challenge Intel Corp. (INTC) processors in personal computers, ratcheting up competition between the two semiconductor makers, according to people familiar with the situation. Nvidia gained 3.8%, Arm jumped 4.9% while Intel dropped 3.1%.Chevron (CVX) reached a deal to buy Hess (HES) in all-stock deal valued at $53 billion, or $171 a share. The total enterprise value of the transaction, including debt, is $60 billion. Chevron shares fell 3.7%, while Hess dropped 1.1% to $161.30.Tesla (TSLA) was flat. The electric-vehicle maker said capital spending on plants and equipment should exceed $9 billion in 2023, and average $7 billion to $9 billion a year in 2024 and 2025. Wall Street has been modeling just below $9 billion in 2023, but above $9 billion in 2024 and $10 billion in 2025. Tesla also said the Justice Department requested additional information, including subpoenas, from the company as it investigates Tesla’s autopilot technology.FMC (FMC) dropped 13.2% and was the worst performer in the S&P 500 after the agricultural-sciences company said it was reducing third-quarter revenue guidance to $982 million, below analysts’ estimates of just under $1.2 billion, “primarily due to lower volumes in Latin America as destocking was more severe than anticipated.” FMC also cut its revenue outlook for the fourth quarter and fiscal year.Roche Holding (RHHBY) agreed to buy Telavant Holdings, a developer of a drug for people suffering from inflammatory bowel disease, from Roivant Sciences (ROIV) and Pfizer (PFE) in a deal worth up to $7.25 billion. The acquisition will give Roche, the Swiss drugmaker, the right to develop, manufacture and commercialize drug candidate RVT-3101 in the U.S. and Japan. Roivant Sciences shares fell 11%. Pfizer shares rose 0.6%.Textainer Group Holdings (TGH), a shipping-container lessor, agreed to be acquired by infrastructure investor Stonepeak for about $2.1 billion. Textainer shareholders will receive $50 a share in cash; the stock closed at $34.15 on Friday and surged 44.7% to $49.41 on Monday. The deal has an enterprise value of about $7.4 billion including Textainer’s debt.Okta (OKTA) fell 8.1% after slumping 12% on Friday following the company’s disclosure that a hacker used a stolen credential to access its support system. “The threat actor was able to view files uploaded by certain Okta customers as part of recent support cases,” Okta’s Chief Security Officer David Bradbury said in an online post. Okta’s support system is separate from the production Okta service, which hasn’t been affected. All affected customers have been notified of the incident, the company said.MGM Resorts (MGM) rose 3.9% and was the top performer in the S&P 500. Shares of the casino operator were initiated with a Buy recommendation at HSBC.Walgreens Boots Alliance (WBA) rose 3.3% to $21.96. Shares of the drugstore chain were upgraded to Overweight from Neutral at J.P. Morgan and the price target was raised to $30 a share from $27.EngageSmart (ESMT) reached a deal to be acquired by Vista Equity Partners for $23 a share of $4 billion. EngageSmart stock rose 11.9% to $22.60.Shares of reAlpha Tech (AIRE) surged 4983.4% in their Nasdaq debut following a direct listing on Monday. The company seeks to \"democratize access to short-term rental investments,\" with artificial intelligence technology called reAlphaBRAIN that helps identify properties that are likely to yield high returns.Market NewsNvidia to Challenge Intel With Arm-Based Processors for PCsNvidia Corp. is using Arm Holdings Plc technology to develop chips that would challenge Intel Corp. processors in personal computers, ratcheting up competition between the two semiconductor makers, according to people familiar with the situation.Nvidia, whose artificial intelligence accelerator chips already dominate that market, is attempting to make central processing units for PCs, said the people, who asked not to be identified because the matter is private. The CPUs would run Microsoft Corp.’s Windows operating system and go on sale as soon as 2025.Chevron to Buy Hess Corp for $53 Billion in All-Stock DealChevron has agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil's massive Guyana discoveries, the latest in a series of blockbuster U.S. oil combinations.The Chevron deal announced on Monday and a $60 billion acquisition by Exxon earlier this month will add years of oil and gas production to the two top U.S. producers' portfolios, much of it from U.S. shale. And the deals will leave European oil rivals that had shifted their focus to renewable energy further behind in fossil fuels.Bitcoin Hits Three-Month High, Buoying Crypto StocksBitcoin, the world's largest cryptocurrency, hit a three-month high on Monday, rising 4.73% to $31,420 amid investor enthusiasm about the possibility of a spot bitcoin exchange-traded fund.The rise in bitcoin sent shares of cryptocurrency and blockchain-related companies such as Coinbase Global and Marathon Digital Holdings up 3.4% and 12.8% respectively. Bitcoin is up more than 18% from the year's low of $26,533 on Oct. 11.","news_type":1,"symbols_score_info":{"HES":1.1,"ARM":1.1,"AIRE":1.1,"RHHBY":1.1,"OKTA":1.1,"COIN":1.1,"PFE":1.1,"INTC":1.1,"NVDA":1.1,"WBA":1.1,".DJI":1.1,"ROIV":1.1,"TGH":1.1,"ESmain":1.1,".IXIC":1.1,"YMmain":1.1,"NQmain":1.1,"CVX":1.1,"MARA":1.1,"FMC":1.1,".SPX":1.1,"TSLA":1.1,"ESMT":1.1,"MGM":1.1}},"isVote":1,"tweetType":1,"viewCount":616,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970701826,"gmtCreate":1684912893765,"gmtModify":1684913765863,"author":{"id":"4127986570044862","authorId":"4127986570044862","name":"Raymond Phee","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4127986570044862","authorIdStr":"4127986570044862"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970701826","repostId":"1177448702","repostType":2,"repost":{"id":"1177448702","kind":"news","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1684753398,"share":"https://ttm.financial/m/news/1177448702?lang=en_US&edition=fundamental","pubTime":"2023-05-22 19:03","market":"us","language":"en","title":"PacWest Bancorp Sells $2.6 Billion Construction Loan Portfolio","url":"https://stock-news.laohu8.com/highlight/detail?id=1177448702","media":"Dow Jones","summary":"PacWest Bancorp has agreed to sell 74 real estate construction loans, with about $2.6 billion in agg","content":"<html><head></head><body><p>PacWest Bancorp has agreed to sell 74 real estate construction loans, with about $2.6 billion in aggregate principal balance outstanding, to a subsidiary of Kennedy-Wilson Holdings.</p><p style=\"text-align: start;\">The regional bank said in a securities filing that Kennedy Wilson or its designees will assume the remaining future funding obligations for the acquired loans.</p><p>Once PacWest obtains certain consents, it will also sell Kennedy Wilson six more loans with an aggregate principal balance of about $363 million.</p><p>As part of the deal, Kennedy Wilson will deposit $20 million into a third-party escrow account that will be refundable until it waives due diligence under the terms of the transaction.</p><p>The deal is expected to close in multiple tranches during the second and early part of the third quarter, according to the securities filing.</p><p>The sale is part of PacWest&#39;s strategy to focus on its core community banking business, the bank said.</p><p>Shares rose 3.8% to $5.95 in premarket trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcfb153bbadaea57ee9f69a15e88c968\" tg-width=\"823\" tg-height=\"625\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPacWest Bancorp Sells $2.6 Billion Construction Loan Portfolio\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-05-22 19:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>PacWest Bancorp has agreed to sell 74 real estate construction loans, with about $2.6 billion in aggregate principal balance outstanding, to a subsidiary of Kennedy-Wilson Holdings.</p><p style=\"text-align: start;\">The regional bank said in a securities filing that Kennedy Wilson or its designees will assume the remaining future funding obligations for the acquired loans.</p><p>Once PacWest obtains certain consents, it will also sell Kennedy Wilson six more loans with an aggregate principal balance of about $363 million.</p><p>As part of the deal, Kennedy Wilson will deposit $20 million into a third-party escrow account that will be refundable until it waives due diligence under the terms of the transaction.</p><p>The deal is expected to close in multiple tranches during the second and early part of the third quarter, according to the securities filing.</p><p>The sale is part of PacWest&#39;s strategy to focus on its core community banking business, the bank said.</p><p>Shares rose 3.8% to $5.95 in premarket trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcfb153bbadaea57ee9f69a15e88c968\" tg-width=\"823\" tg-height=\"625\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PACW":"西太平洋合众银行"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177448702","content_text":"PacWest Bancorp has agreed to sell 74 real estate construction loans, with about $2.6 billion in aggregate principal balance outstanding, to a subsidiary of Kennedy-Wilson Holdings.The regional bank said in a securities filing that Kennedy Wilson or its designees will assume the remaining future funding obligations for the acquired loans.Once PacWest obtains certain consents, it will also sell Kennedy Wilson six more loans with an aggregate principal balance of about $363 million.As part of the deal, Kennedy Wilson will deposit $20 million into a third-party escrow account that will be refundable until it waives due diligence under the terms of the transaction.The deal is expected to close in multiple tranches during the second and early part of the third quarter, according to the securities filing.The sale is part of PacWest's strategy to focus on its core community banking business, the bank said.Shares rose 3.8% to $5.95 in premarket trading.","news_type":1,"symbols_score_info":{"PACW":0.9}},"isVote":1,"tweetType":1,"viewCount":608,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}