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CSCO

PALT

Paltalk announced that a final judgment was entered in its favor in a patent infringement lawsuit against Cisco in the Western District of Texas.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:08 pm

AAPL

Four Taiwanese employees of Foxconn, Apple's key supplier, have been detained in China over breach of trust allegations. Taiwan's Mainland Affairs Council claims the incident did not harm Foxconn's interests, suggesting possible overreach by local police. This is part of a broader pattern of aggressive actions by Beijing against foreign firms amid rising China-Taiwan tensions.

Portfolio Pulse from Navdeep Yadav

October 11, 2024 | 10:01 am

COIN

The SEC is facing internal discord over its cryptocurrency policy, with Commissioner Mark Uyeda criticizing it as a 'disaster' for assets like Bitcoin, Ethereum, and Dogecoin. Despite criticism, Chairman Gary Gensler remains firm on the policy, which has led to lawsuits against major crypto firms like Crypto.com.

Portfolio Pulse from Aniket Verma

October 11, 2024 | 9:08 am

AEHR

AMD

TD

TSLA

UBER

Major U.S. equity indices dipped slightly due to a higher-than-expected CPI inflation report and rising oil prices. Tesla, Uber, AMD, Aehr, and TD Bank were notable stocks on investors' radars. Tesla is set to unveil a robotaxi, Uber is advancing towards zero emissions, AMD launched new computing solutions, Aehr reported strong financial results, and TD Bank faced a significant fine for money laundering charges.

Portfolio Pulse from Benzinga Neuro

October 11, 2024 | 2:59 am

TD

Toronto-Dominion Bank (NYSE:TD) has agreed to pay $3.09 billion in fines to U.S. authorities after pleading guilty to money laundering-related charges. The bank was accused of facilitating money laundering for nearly a decade, leading to the largest penalty ever imposed by U.S. authorities for such violations. An asset cap has been imposed to limit TD Bank's growth, marking a significant regulatory action.

Portfolio Pulse from Maureen Meehan

October 10, 2024 | 10:17 pm

CRWD

DAL

MSFT

Delta Airlines faced a challenging third quarter due to a technology outage caused by CrowdStrike and Microsoft, resulting in significant revenue loss. Despite this, Delta expects strong fourth-quarter earnings driven by holiday demand. The airline is seeking compensation from CrowdStrike and Microsoft for the outage.

Portfolio Pulse from Upwallstreet

October 10, 2024 | 8:56 pm

TEVA

Teva Pharmaceuticals has agreed to pay $450 million to settle allegations of violating the False Claims Act. The settlement resolves claims that Teva engaged in kickback schemes related to copayments and price fixing.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:06 pm

TD

The U.S. Department of Justice has accused TD Bank of failing to monitor $18.3 trillion in customer activity, which allegedly allowed three money laundering networks to transfer over $670 million through TD accounts.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:24 pm

TD

TD Bank has become the largest bank in U.S. history to plead guilty to Bank Secrecy Act program failures. The bank will undergo a 3-year monitorship and a 5-year probation period. Investigations are ongoing at every level of TD Bank.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:21 pm

TD

TD Bank has pleaded guilty to violations of the Bank Secrecy Act and money laundering, resulting in a $3 billion fine. US regulators have imposed an asset cap and restricted the bank from opening new branches or services until compliance issues are resolved. The DOJ and OCC have cited long-term, systemic deficiencies in TD Bank's anti-money laundering efforts.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:03 pm