Streetbeat News

Legal

DJT

SPY

Former President Donald Trump plans to sue the Department of Justice for $100 million, alleging political persecution related to the Mar-a-Lago raid. This legal action could have implications for the political landscape and potentially affect market sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:12 pm

CVX

Chevron Corp. (NYSE:CVX) is relocating its headquarters from California to Texas due to the challenging business environment in California, high cost of living, and difficulties in recruiting and relocating employees. Despite the move, Chevron will maintain a significant presence in California. The decision aligns with a broader trend of companies moving from California to Texas, including those owned by Elon Musk. Chevron's stock closed at $144.99, up 0.35% for the day, but has declined by 3.00% year to date.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 11:00 am

AAPL

BMBL

CRWD

DIS

GOOG

META

MSFT

NVDA

PLTR

RDDT

SONY

The article covers various updates in the consumer tech sector, including earnings reports from Palantir, Reddit, Walt Disney, and Bumble. It also discusses legal issues faced by CrowdStrike and Alphabet, gaming updates from Microsoft and Sony, and technology developments from Nvidia, Meta, and Apple.

Portfolio Pulse from Lekha Gupta

August 11, 2024 | 5:00 pm

GOEV

KARS

LCID

NKLA

RIVN

TSLA

The EV market experienced a turbulent week with significant developments. Tesla launched its Cybertruck in Canada and reported strong sales in China, but faced criticism from Sen. Elizabeth Warren. Rivian and Nikola exceeded Q2 expectations, while Lucid received a $1.5 billion cash infusion from its largest shareholder. Canoo faced a lawsuit, and Huawei entered the EV market. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 2.58% for the week.

Portfolio Pulse from Shanthi Rexaline

August 10, 2024 | 1:30 pm

META

Meta Platforms (NASDAQ:META) successfully defended against an appeal by Children’s Health Defense, an anti-vaccine group founded by Robert F. Kennedy Jr., regarding alleged censorship of vaccine misinformation on Facebook. The 9th U.S. Circuit Court of Appeals ruled in favor of Meta, stating that the nonprofit failed to prove Meta was influenced by federal officials. The court also dismissed allegations against the Poynter Institute and Science Feedback.

Portfolio Pulse from Ananya Gairola

August 10, 2024 | 3:05 am

HE

Hawaiian Electric has reported a $1.7 billion loss due to a settlement related to the Maui fire. This significant financial impact is expected to affect the company's short-term stock performance.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:35 pm

PCRX

Pacira BioSciences shares are trading lower after a U.S. District Court invalidated Patent No. 11,033,495. The company is considering legal options, including an appeal.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:25 pm

PCRX

Pacira BioSciences (NASDAQ:PCRX) announced that the U.S. District Court for the District of New Jersey has found its U.S. Patent No. 11,033,495 invalid. The company is considering legal options, including an appeal. CEO Frank D. Lee emphasized the strength of their intellectual property portfolio and ongoing infringement suits.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:23 pm

GOOG

GOOGL

NVDA

Perplexity AI's revenue and usage have surged by 700% since the start of the year, driven by a $250 million funding round. The company is transitioning from a subscription-based model to an advertising model to compete with Google. Investors include Nvidia, Jeff Bezos, and others. The company has faced plagiarism allegations but has made changes to address them.

Portfolio Pulse from Michael Juliano

August 09, 2024 | 6:18 pm

EIS

ISRA

SPY

The U.S. has decided not to impose sanctions on the Israel Defense Forces' Netzah Yehuda battalion for human rights violations in the West Bank. This decision, communicated by Secretary of State Antony Blinken to Israeli Defense Minister Yoav Gallant, marks a significant diplomatic achievement for Gallant and helps maintain strong U.S.-Israel relations.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:05 pm