Streetbeat News

Legal

AAPL

BA

SBUX

SEDG

TSLA

XOM

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin have seen a drop as Google search interest in spot ETFs declines. Apple's Vision Pro pre-orders are strong, but an analyst predicts a demand dip. Terraform Labs files for bankruptcy amid legal issues. Starbucks is predicted to see over 6% upside by a highly accurate analyst. Tesla, Netflix, and Intel are in focus during a pivotal earnings week. US and world politics could influence markets, with Trump and DeSantis news. US economic slowdown is forecasted for 2024. In tech, Apple faces challenges, Nvidia's CEO visits China, and OpenAI enforces political rules. The electric vehicle sector sees developments with Nio, Rivian, and Tesla. Exxon Mobil sues shareholders over climate proposal. Boeing is recommended for expanded checks on its 737 fleet. Manchester United appoints a new CEO, and Amer Sports considers a US IPO. SolarEdge shares are up premarket.

Portfolio Pulse from Akanksha Bakshi

January 22, 2024 | 1:27 pm

META

TSLA

TWTR

TikTok founder Zhang Yiming expressed admiration for Elon Musk's ability to consistently undertake challenging and innovative projects. Musk responded positively to Yiming's comments. The praise comes amidst criticism Musk has faced over his Twitter acquisition, interactions with Mark Zuckerberg, and his desire to increase his stake in Tesla. Jim Cramer has suggested Tesla may be the first to fall from the 'Magnificent 7' stock group due to Musk's behavior.

Portfolio Pulse from Rounak Jain

January 22, 2024 | 12:47 pm

LDI

loanDepot reported an update on a cyber incident initially disclosed on January 8, 2024, revealing that an unauthorized third party accessed sensitive personal information of about 16.6 million individuals in its systems. The company will offer affected individuals free credit monitoring and identity protection services.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 12:45 pm

META

MSFT

Nightshade, a free tool developed by the University of Chicago, allows artists to use 'data poisoning' to protect their copyrighted images from being used by AI image generators. The tool subtly alters images to disrupt AI training without affecting human perception. This comes amid concerns over AI misuse, highlighted by Scarlett Johansson's lawsuit against an AI generator and the launch of new AI image generators by Meta Platforms Inc. and Microsoft Corp.-backed OpenAI.

Portfolio Pulse from Rounak Jain

January 22, 2024 | 10:54 am

NMR

RILY

The SEC is investigating B. Riley Financial Inc. for its dealings with a client linked to a failed hedge fund and securities fraud. The probe includes the use of the client's assets for a loan from Nomura Holdings Inc. B. Riley has not received any formal communication from the SEC regarding the investigation.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:07 am

RILY

B. Riley Financial has responded to a Bloomberg News article regarding rumors of an SEC investigation, which the firm attributes to baseless allegations by short sellers. B. Riley denies any knowledge of an SEC investigation and states it would cooperate fully if one were to occur. The firm also reiterated its lack of involvement in the previously mentioned Prophecy investigation.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:06 am

GIL

Gildan Activewear Inc. has accused investment firm Browning West, LP of violating U.S. antitrust laws by failing to properly disclose its share accumulation in the company. Gildan claims that Browning West's actions could mislead the market and Gildan's shareholders. The company has filed a lawsuit to address these allegations and seeks to prevent Browning West from further increasing its stake without appropriate disclosure.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:04 am

PCCYF

XOM

Exxon Mobil Corp (XOM) has filed a lawsuit against its investors to block a climate proposal from being voted on at its May shareholder meeting. The proposal, backed by Arjuna Capital and Follow This, calls for Exxon to set Scope 3 emissions reduction targets. Exxon argues the proposal is driven by an extreme agenda and does not promote shareholder value. The company has faced recent challenges, including anticipated Q4 impairments and exiting the West Qurna 1 oilfield in Iraq, now led by PetroChina Co Ltd (PCCYF).

Portfolio Pulse from Benzinga Neuro

January 22, 2024 | 4:55 am

BTCUSD

Colorado-based pastor Eli Regalado, founder of INDXcoin, admitted to misappropriating $1.3 million from investors, mainly from his online congregation. He and his partner Kaitlin Regalado were charged by the Colorado Securities Commission for promoting a fraudulent token, INDXcoin, through their online exchange, Kingdom Wealth Exchange (KWE). Regalado claimed that half of the funds went to taxes and a significant amount to a home renovation 'instructed by God'. The exchange ceased operations on November 1 due to financial difficulties.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 4:12 am

LUNAUSD

LUNCUSD

Terraform Labs, the company behind the collapsed stablecoin TerraUSD, has filed for Chapter 11 bankruptcy protection in the U.S. amid significant legal challenges. CEO Chris Amani views the filing as a way to continue operations and support the Terra community while dealing with legal issues. The company reports assets and liabilities between $100 to $500 million. Terra Classic (LUNC) and Terra (LUNA) cryptocurrencies have both fallen by 5%.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 3:48 am