Streetbeat News

Corporate Responsibility

RKT

The US Department of Justice has filed a lawsuit against Rocket Mortgage, an appraisal management company, and an appraiser for alleged racial discrimination in a mortgage refinance application. The lawsuit claims that the appraisal process was biased against a Black homeowner, resulting in a lower property valuation.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:05 pm

PMAX

Powell Max Limited has announced a transition in its Chief Financial Officer position. Mr. Chun Ho Lam has resigned, and Ms. Kam Lai Kwok has been appointed as the new CFO.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:01 pm

SONY

Insomniac Games announced that Marvel's Spider-Man 2 will not receive additional story DLC, disappointing fans. Sony confirmed a PC release in January 2025. The decision follows Sony's layoffs affecting Insomniac, which may impact future projects.

Portfolio Pulse from Franca Quarneti

October 21, 2024 | 7:38 pm

UAVS

AgEagle Aerial Systems' shares dropped following the resignation of several board members and the CFO.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 7:33 pm

UAVS

AgEagle Aerial Systems announced the immediate resignation of board members Thomas Gardner, Kelly Anderson, Malcolm Frost, and CFO Mark DiSiena. The company stated that these resignations were not due to disagreements, and a search for successors is underway.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 6:59 pm

XRP

Ripple Labs co-founder Chris Larsen has donated nearly $10 million to Kamala Harris' presidential campaign, supporting her vision for the cryptocurrency industry. Despite this, Harris' election odds remain lower than Donald Trump's. The crypto community is divided, with some leaders supporting Trump for his stance on SEC regulation.

Portfolio Pulse from Murtuza Merchant

October 21, 2024 | 6:50 pm

VEON

VEON Ltd. received a strategic roadmap from shareholder Shah Capital to enhance shareholder value. VEON's board and management have reviewed and welcomed the suggestions, which include improving market valuation and leveraging strengths in emerging markets. VEON is committed to sustainable growth and optimizing its capital structure.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 5:43 pm

BLK

SPY

BlackRock's CEO Larry Fink stated he is not considering retirement and criticized both political parties for the U.S. deficit. He emphasized the role of private capital in aiding U.S. growth and viewed the growth of the private credit market as beneficial for the economy.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 4:34 pm

AMZN

A group of 133 U.S. House members have signed a letter supporting the Teamsters' demands for Amazon CEO Andy Jassy to address concerns over union-busting and worker misclassification practices. This highlights ongoing labor issues at Amazon.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 4:29 pm

VVI

Viad Corp (NYSE:VVI) is selling its GES business to Truelink Capital for $535 million, leading to a rebranding as Pursuit and a ticker change to PRSU. The sale will allow Viad to focus on its Pursuit attractions and hospitality segment, using proceeds to retire debt. VVI shares rose 17.2% following the announcement.

Portfolio Pulse from Lekha Gupta

October 21, 2024 | 3:35 pm