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SBUX

XLY

The U.S. Supreme Court has ruled in favor of Starbucks Corp (NASDAQ:SBUX) in a case involving the reinstatement of seven Memphis workers who were dismissed amid unionization efforts. This decision may set a tougher precedent for future labor disputes. Starbucks shares are trading higher following the news.

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 6:04 pm

SPOT

Spotify shares are trading lower following a report suggesting music publishers filed an FTC complaint against the company for fraudulent business practices.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:53 pm

GS

JPM

RDDT

WFC

Wells Fargo & Company (NYSE:WFC) terminated over a dozen employees in its wealth and investment management division for allegedly falsifying work activity. The terminations follow an investigation into the use of devices to simulate keyboard activity. This incident is reminiscent of a 2018 probe into expense policy breaches at the company. Despite the finance sector's push for office returns, Wells Fargo has delayed its return compared to JP Morgan Chase & Co. (NYSE:JPM) and Goldman Sachs Group, Inc. (NYSE:GS).

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2024 | 5:34 pm

AAPL

Apple has been accused in a lawsuit of underpaying more than 12,000 female workers in California. This legal issue could impact the company's reputation and financials.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:21 pm

TSN

Tyson Foods has suspended its CFO, John R. Tyson, following his arrest for driving while intoxicated. This incident follows a previous arrest in 2022 when he was found asleep in the wrong house. Tyson Foods' stock (TSN) saw a 1.05% decrease following the news.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:12 pm

LILA

The FCC has settled a data breach notification case with Liberty Latin America, according to a statement reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:36 pm

CVX

XOM

Chevron and Exxon Mobil are planning to file a federal lawsuit against the Biden administration's new tailpipe emission rules aimed at increasing electric vehicle production. The lawsuit, supported by the American Petroleum Institute, argues that the EPA has overstepped its authority. This legal action highlights the ongoing tension between the oil industry and the push for electric vehicles.

Portfolio Pulse from Lekha Gupta

June 13, 2024 | 3:23 pm

FAF

Federman & Sherwood has initiated an investigation into First American Financial Corporation (NYSE:FAF) following a data breach identified on December 18, 2023. The breach involved unauthorized access to sensitive personal information. First American Financial has taken steps to contain and remediate the incident.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:47 pm

SBUX

The U.S. Supreme Court has ruled in favor of Starbucks in a case involving fired Memphis workers who sought to join a union. This decision could have significant implications for labor relations and unionization efforts within the company.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:22 pm

PRGO

The Supreme Court has upheld unrestricted access to the mifepristone abortion pill, a significant decision that could impact companies involved in the production and distribution of the drug.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:02 pm