Streetbeat News

Legal

BA

Boeing is facing new whistleblower claims regarding lapses in the manufacturing of 787 parts, as announced by attorneys in a statement.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 7:06 pm

YMM

J Capital Research has released a short report on Full Truck Alliance (YMM), raising concerns about the company's financial health and business practices. The report could lead to increased volatility in YMM's stock price.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 6:08 pm

ADDYY

Adidas AG (OTC:ADDYY) is facing internal turmoil due to a bribery investigation in its China operations, leading to the departure of two employees. The company received an anonymous letter alleging misconduct, which led to the identification and dismissal of staff members involved in unethical practices. Despite these issues, Adidas has increased its full-year revenue guidance.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 5:59 pm

BLK

The U.S. Court of Appeals has reaffirmed a ruling that certain BlackRock advised closed-end funds violated the Investment Company Act of 1940.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 5:31 pm

PRGO

SPY

The U.S. Supreme Court is expected to allow abortions in medical emergencies in Idaho, according to a Bloomberg reporter citing a copy of an opinion briefly posted on the court's website.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:50 pm

VICR

Vicor Corporation (NASDAQ:VICR) has been granted a preliminary injunction by the United States District Court for the District of Massachusetts, preventing subsidiaries of Foxconn from pursuing arbitration against Vicor before the China International Economic and Trade Arbitration Commission (CIETAC).

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 3:50 pm

ETHUSD

XRPUSD

Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler, claiming his actions could lead to President Biden's defeat in the upcoming election. This comes amid a prolonged legal battle between the SEC and Ripple over the classification of XRP as a security. Gensler also provided updates on the progress of spot Ethereum ETFs in the U.S.

Portfolio Pulse from Murtuza Merchant

June 26, 2024 | 3:39 pm

AVDE

DFIV

PHG

The Agnelli family, through Exor NV, has increased its stake in Royal Philips NV (NYSE:PHG) to 17.51%, signaling strong confidence in the company. This follows Philips' $1.1 billion settlement in the U.S. over a ventilator recall. Philips' stock has risen 3.3% in Amsterdam and 0.63% in the U.S. Investors can also gain exposure through ETFs like DFIV and AVDE.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 3:13 pm

FDX

GIS

MA

V

FedEx reported strong earnings, leading to a jump in its stock price. Visa and Mastercard reportedly had their swipe fee settlement rejected, while General Mills saw a decline in its stock due to a revenue miss.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:08 pm

BA

ITA

PPA

The FAA has issued a new airworthiness directive for 13 Boeing 757-200 airplanes registered in the U.S. due to concerns over fatigue cracking. This directive mandates inspections and repairs to prevent potential in-flight depressurization and structural integrity issues. Boeing is also under scrutiny for multiple flight incidents and may face criminal charges for allegedly breaching a deferred prosecution agreement. Boeing's stock has declined over 14% in the past year.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 2:04 pm