Streetbeat News

Legal

BHR

Blackwells Capital has urged Brancous to cease its negative public attacks on Braemar Hotels, suggesting that such actions are not constructive and could harm the company's business.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:33 pm

BAC

JPM

Bank of America is considering legal action against the Consumer Financial Protection Bureau (CFPB) over an inquiry into its processing of funds through the Zelle payment app. Zelle, a leading U.S. peer-to-peer payment network, is owned by major banks including Bank of America and JPMorgan Chase.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:00 pm

DJT

SPY

The U.S. Supreme Court has declined Robert F. Kennedy Jr.'s request to remove his name from the presidential ballot in Wisconsin and Michigan. Kennedy, a former independent presidential candidate and Trump supporter, sought to withdraw from these states' ballots.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:45 pm

META

Brazil's Collective Defense Institute has filed lawsuits against the Brazilian units of TikTok, Kwai, and Meta Platforms, demanding $525.27 million for allegedly failing to prevent minors' indiscriminate use of their platforms.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:16 pm

COIN

Coinbase CEO Brian Armstrong criticized the SEC's inconsistent stance on crypto regulation and called for the next SEC chair to apologize for the agency's actions. Armstrong also endorsed pro-crypto candidates for the Senate, highlighting the political dimension of crypto regulation.

Portfolio Pulse from Murtuza Merchant

October 29, 2024 | 2:50 pm

SAN

Pimco and Anchorage are seeking €1.13 billion in compensation from Banco Santander and PwC over a seven-year-old dispute related to the collapse of a Spanish bank.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:54 pm

GDC

GDEV

PALT

The article highlights three oversold stocks in the communication services sector with potential for recovery: GD Culture Group Ltd (GDC), Paltalk Inc (PALT), and GDEV Inc (GDEV). GDC announced a strategic partnership to expand its AI creator community, PALT received a favorable court judgment in a patent lawsuit, and GDEV received an analyst rating upgrade with a higher price target.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 1:41 pm

BYRN

Byrna Technologies shares are declining as traders circulate a short report from Bonitas Research. The report may have raised concerns among investors, leading to a negative impact on the stock price.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:00 pm

MCD

McDonald's CEO issued an apology regarding an E. Coli outbreak linked to the company, expressing regret for the impact on customers. This incident may affect McDonald's reputation and customer trust in the short term.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:41 pm

SHIP

Seanergy Maritime Holdings Corp. announced that the High Court of the Republic of the Marshall Islands dismissed litigation brought by Economou's Sphinx Investment Corp. The court also dismissed Sphinx's motion to delay Seanergy's 2024 Annual Meeting. Seanergy's board recommends shareholders vote for the company's nominees and against Economou's proposals.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:24 pm