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Legal

GETY

The SEC has charged Robert Scott Murray and Trillium Capital LLC with a fraudulent scheme to manipulate the stock price of Getty Images Holdings Inc (NYSE: GETY) by falsely announcing a buyout offer. Murray has pleaded guilty and agreed to a judgment that includes permanent prohibitions and restrictions on his future activities.

Portfolio Pulse from Anan Ashraf

June 01, 2024 | 3:49 pm

GME

GOOG

NVDA

TSLA

Benzinga reviewed the performance of popular stocks, highlighting Nvidia's dominance in the AI sector, a Shiba Inu investor's massive profit, GameStop's stock rally after a share offering, and criticisms of Alphabet's search engine quality. The article also covered Tesla's board's response to Glass Lewis's recommendation against Elon Musk's pay package.

Portfolio Pulse from Michael Cohen

June 01, 2024 | 1:32 pm

BTCUSD

ETHUSD

President Joe Biden has vetoed a bipartisan resolution aimed at overturning the SEC's crypto custody guidance, citing the need to protect consumers and investors. The resolution sought to nullify the SEC’s Staff Accounting Bulletin (SAB) 121, which outlines accounting obligations for firms safeguarding crypto-assets. The veto comes amid increased political and regulatory focus on cryptocurrencies like Bitcoin and Ethereum.

Portfolio Pulse from Ananya Gairola

June 01, 2024 | 5:00 am

NSANY

Nissan Motor Co (OTC:NSANY) paid its former COO Ashwani Gupta $3.7 million to leave the company amid sexual harassment allegations. Gupta, who played a key role in Nissan's profitability, left in June 2023. The payment was disclosed in a notice for an upcoming shareholder meeting.

Portfolio Pulse from Anan Ashraf

June 01, 2024 | 4:43 am

TSLA

Tesla Inc. (NASDAQ:TSLA) shareholder Michael Perry has filed a lawsuit against Elon Musk, alleging insider trading when Musk sold over $7.5 billion worth of Tesla shares in late 2022. The lawsuit claims Musk was aware of lower-than-expected production and delivery numbers before their public disclosure, resulting in significant profits. The lawsuit also accuses Tesla's directors of breaching their fiduciary duty by allowing these sales. This legal challenge adds to Tesla's ongoing issues, including a rescinded pay package for Musk and a potential move of incorporation from Delaware to Texas.

Portfolio Pulse from Anan Ashraf

June 01, 2024 | 3:52 am

DKNG

ETHUSD

MATICUSD

USDCUSD

Former President Donald Trump remains the betting favorite to win the 2024 election despite being found guilty on 34 federal charges. The verdict caused a brief overreaction in betting odds, but they have since stabilized. DraftKings and Polymarket are mentioned as platforms offering political betting.

Portfolio Pulse from Chris Katje

May 31, 2024 | 11:22 pm

RICK

RCI Hospitality Holdings (NASDAQ:RICK) experienced significant stock volatility following allegations of raids at its locations by Bear Cave Research's Edwin Dorsey. The stock fell on Thursday but rebounded on Friday. Dorsey claims that a photo shows a raid at Rick's NYC location and suggests other locations may have been raided. RCI's CEO Eric Langan has not commented publicly. The company has faced challenges with its restaurant concept, NFT project, and regulations. RCI's recent earnings missed estimates.

Portfolio Pulse from Chris Katje

May 31, 2024 | 8:38 pm

CMC

GROY

KLAU

Key mining stories for May 31, 2024, include an investigation into U.S. Steel for potential securities law violations, Kaiser Aluminum's sustainability progress, Commercial Metals Company being named a climate leader, and Gold Royalty updating its 2024 guidance following a copper stream acquisition.

Portfolio Pulse from austin@walkonholdings.com

May 31, 2024 | 8:28 pm

AAL

The U.S. National Transportation Safety Board (NTSB) is investigating a near collision that occurred on May 29 between an American Airlines plane and a small plane at Washington Reagan National Airport.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:39 pm

ETHUSD

Donald Trump's cryptocurrency wallet has increased by $500,000 following a jury's verdict finding him guilty of falsifying business records. His largest holding is in Maga Memecoin, and his total crypto assets now exceed $13 million. This legal outcome has mobilized his supporters and influenced crypto market activities.

Portfolio Pulse from Murtuza Merchant

May 31, 2024 | 7:21 pm