Streetbeat News

Legal

CWCO

Consolidated Water has settled with Mexico regarding the Playas De Rosarito, Baja California desalination project for approximately $36.351 million.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:14 pm

AX

Axos Financial has filed a response to a short report by Hindenburg, claiming the report contains inaccuracies and misleading information. Axos reaffirms its strong credit performance and highlights its $5.22 billion CRE specialty lending with senior secured loan structures and fund partners including Carlyle, Related Group, and Fortress.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:11 pm

GME

Massachusetts' top securities regulator is investigating Keith Gill, known as 'Roaring Kitty,' for potential manipulation in his recent GameStop trading activities. E-Trade is considering banning Gill from its platform. The U.S. SEC is also looking into recent options trading in GameStop. GameStop stock fell over 3% following the news.

Portfolio Pulse from Adam Eckert

June 04, 2024 | 5:29 pm

GOOG

GOOGL

Google's Chief Privacy Officer, Keith Enright, and Director of Competition Law, Matthew Bye, are leaving the company as part of a restructuring of its privacy and compliance teams. Enright's departure, which shocked employees, comes amid ongoing scrutiny of Google's data handling practices. The company will not replace Enright or Bye but will increase the number of people working on regulatory compliance across the company.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:53 pm

XOM

U.S. prosecutors are investigating a global hacking-for-hire operation. Elliott and Exxon have not been accused of any wrongdoing in connection with the probe.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:01 pm

GME

GameStop shares are trading lower after gaining on Monday. Massachusetts securities regulators are probing retail investor Keith Gill.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:58 pm

GME

Keith Gill, known as Roaring Kitty, has a significant position in GameStop Corp. (NYSE:GME) through call options, potentially worth $54 million. However, cashing out these options could be challenging due to the size of the position and market attention, which may impact the price of the options and underlying stock.

Portfolio Pulse from Benzinga Neuro

June 04, 2024 | 3:26 pm

GME

The Massachusetts Securities Regulator is investigating the trading activities of Keith Gill, known as 'Roaring Kitty,' who became famous during the 2021 meme stock frenzy involving GameStop.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:12 pm

CRPT

MSTR

STCE

MicroStrategy (NASDAQ:MSTR) shares are trading flat today. The company and its executive chairman Michael Saylor have settled a $40 million tax fraud lawsuit. MicroStrategy also announced enhancements to its Auto bot at MicroStrategy World 2024. The company holds significant digital assets, including 214,278 bitcoins, with a carrying value of $5.074 billion. Investors can gain exposure to MSTR via First Trust SkyBridge Crypto Industry And Digital Economy ETF (NYSE:CRPT) and Schwab Strategic Trust Schwab Crypto Thematic ETF (NYSE:STCE).

Portfolio Pulse from Nabaparna Bhattacharya

June 04, 2024 | 2:52 pm

DJT

RUM

House Speaker Johnson announced that he is working on a legislative push to counter the recent verdict involving former President Donald Trump. This development could have implications for companies and platforms associated with Trump.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:25 pm