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WFC

Wells Fargo CEO has announced plans to increase dividends and buyback shares, despite capital proposals. This indicates the bank's confidence in its financial stability and future growth.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:13 pm

SPY

WFC

Wells Fargo's CEO has stated that the U.S. economy continues to show resilience. No further details were provided in the news snippet.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:11 pm

USDTUSD

Stablecoin issuer Tether (CRYPTO: USDT) has announced the appointment of Paolo Ardoino as its CEO, effective from December 2023. He will succeed Jean-Louis van der Velde, who will remain involved in an advisory capacity while maintaining his CEO position at crypto exchange Bitfinex. The leadership shift is seen as a strategic move in the crypto space.

Portfolio Pulse from Murtuza Merchant

October 13, 2023 | 1:56 pm

BLK

DRPRF

GOOG

JPM

MSFT

NFLX

SAVA

TSM

UNH

WFC

The UK's Competition and Markets Authority has approved Microsoft's $69B acquisition of Activision Blizzard. Google is testing generative AI functionalities for its search tool. Cassava Sciences faces controversy over scientific misconduct allegations. Ford is struggling with UAW negotiations. EHang shares are trading higher after obtaining a certificate for its EH216-S UAV system. OpenAI is valued at $90B and is close to selling shares. TSMC is seeking permanent US approval for chip supplies. Netflix plans to launch 'Netflix House' experiences. The Kroger-Albertsons deal faces potential legal challenges. Boeing and Spirit AeroSystems are inspecting 737 Max aircraft defects. Wells Fargo, JPMorgan, Citigroup, BlackRock, and UnitedHealth reported Q3 earnings. Porsche records a 10% surge in deliveries for the first three quarters.

Portfolio Pulse from Vandana Singh

October 13, 2023 | 1:48 pm

VLCN

Volcon Inc. (NASDAQ:VLCN) has announced a 1-for-5 reverse stock split, effective from October 13, 2023. Post-split trading will commence on The Nasdaq Capital Market on October 16, 2023. The reverse split will reduce the number of outstanding shares from approximately 33.55 million to around 6.71 million, while the number of authorized shares will remain at 250 million.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:30 pm

MIND

MIND Technology, Inc. has announced a 1-for-10 reverse stock split. The company's common stock will begin trading on Nasdaq on a reverse split-adjusted basis when the market opens on October 16, 2023. The par value per share of the common stock will remain unchanged at $0.01.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:29 pm

UNH

UnitedHealth Group executive has stated that the company expects to add an additional 1 million people to its commercial insurance business in 2024. The company remains confident in its long-term growth objective of 13% to 16%.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:12 pm

LQR

LQR House Inc. (NASDAQ:LQR) has announced the pricing of a public offering of 28,421,053 shares of common stock at $0.19 per share, aiming to raise approximately $5.4 million. The offering is expected to close on October 16, 2023. EF Hutton, a division of Benchmark Investments, is the sole book running manager for the offering.

Portfolio Pulse from Happy Mohamed

October 13, 2023 | 1:06 pm

JBLU

SAVE

JetBlue Airways Corporation (JBLU) has announced the record and payment dates for the October 2023 additional prepayment to Spirit Airlines, Inc. (SAVE) stockholders. The record date is set for October 25, 2023, and the payment date is October 31, 2023. Spirit stockholders will receive $0.10 per share.

Portfolio Pulse from Happy Mohamed

October 13, 2023 | 1:03 pm

JPM

JP Morgan's CFO has stated that the outlook for investment banking is more optimistic compared to the last quarter. This suggests a potential improvement in the bank's performance.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:57 pm