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EWJ

X

The United Steelworkers (USW) expressed disagreement with a Board of Arbitration's decision regarding grievances against U.S. Steel. Concerns were also raised about Nippon's commitment to facilities and jobs.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:47 pm

GOOG

GOOGL

V

Visa Inc (NYSE:V) is facing a DOJ lawsuit for allegedly monopolizing the debit card market, causing its stock to drop. The lawsuit poses immediate risks, but analysts suggest the long-term financial impact may be limited. The stock is currently bearish, but could present a buying opportunity similar to Alphabet's recent rebound.

Portfolio Pulse from Surbhi Jain

September 25, 2024 | 3:20 pm

DFSV

PVH

China's Ministry of Commerce is investigating PVH Corp. over alleged discriminatory practices related to Xinjiang cotton, potentially impacting the company's market position. Despite this, PVH shares remain relatively flat, and the company has raised its earnings outlook.

Portfolio Pulse from Nabaparna Bhattacharya

September 25, 2024 | 2:57 pm

SBUX

Starbucks' new CEO, Brian Niccol, has committed to working with the union representing its baristas, Workers United, to negotiate collective bargaining agreements. This marks a shift in Starbucks' approach to unionization, as the company previously resisted union efforts. The union is advocating for fair scheduling, living wages, and equity. Niccol's commitment could impact Starbucks' labor relations and public perception.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 2:30 pm

FXI

SPY

The U.S. National Security Council (NSC) spokesperson announced that the U.S. is ready to take immediate action against Chinese companies named in a report for their involvement with a sanctioned Russian entity. The U.S. will also investigate banks that facilitated these transactions.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 1:49 pm

SUI

Soren Aandahl of Blue Orca Capital presented a short thesis on Sun Communities, alleging conflicts of interest and dubious executive behavior. The firm claims that Sun Communities manipulates financial disclosures to inflate adjusted funds from operation and organic growth.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 1:48 pm

GOOGL

MSFT

Google has filed a complaint with the European Commission against Microsoft, accusing it of anti-competitive practices in its cloud services. Google claims Microsoft uses its Windows Server to lock customers into Azure, imposing high markups on competitors. This is part of ongoing antitrust challenges against Microsoft.

Portfolio Pulse from Pooja Rajkumari

September 25, 2024 | 1:29 pm

DASH

DoorDash shares are rising following an upgrade from KeyBanc and a favorable court ruling. KeyBanc upgraded DoorDash to Overweight with a $177 price target. A federal judge ruled a NYC law requiring data sharing with restaurants unconstitutional, benefiting DoorDash.

Portfolio Pulse from Adam Eckert

September 25, 2024 | 1:27 pm

RMNI

Rimini Street has been ordered to pay Oracle $58.5 million in attorneys' fees and costs by October 23, following a district court ruling. Rimini has filed a notice of appeal against this award.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 12:13 pm