Streetbeat News

Legal

AEO

AMZN

American Eagle Outfitters has filed a lawsuit against Amazon for trademark infringement, alleging misuse of its Aerie brand in search results. The company seeks damages and an injunction to prevent further infringements. American Eagle's recent earnings report showed a slight beat on EPS but missed revenue expectations.

Portfolio Pulse from Lekha Gupta

September 26, 2024 | 6:00 pm

MMNFF

A new three-part series by Bungalow Media + Entertainment will explore the journey of Adam Bierman, co-founder of MedMen Enterprises Inc, the first American cannabis unicorn. The series is based on Bierman's upcoming book, detailing his experiences in the cannabis industry, including challenges with gangsters and government corruption. MedMen, founded in 2010, became a billion-dollar company but faced setbacks, including a failed acquisition and Bierman's departure in 2020. Bierman later won a $3.1 million arbitration settlement from MedMen in 2023.

Portfolio Pulse from Jelena Martinovic

September 26, 2024 | 5:24 pm

SMCI

Super Micro Computer, Inc. (NASDAQ:SMCI) shares are falling due to a DOJ probe following a short report by Hindenburg Research. The report alleges accounting violations, leading to a sharp decline in SMCI's stock price.

Portfolio Pulse from Erica Kollmann

September 26, 2024 | 4:49 pm

EWZ

META

Elon Musk's social media platform, X, has requested the Brazilian Supreme Court to allow it to resume services in Brazil. This move comes after a suspension, the reasons for which are not detailed in the article.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:40 pm

EQNR

SHEL

TTE

Shell, TotalEnergies, and Equinor have completed the Northern Lights Joint Venture, a CO2 storage project in Norway. Despite its environmental significance, shares of all three companies are trading lower. Additionally, Shell and Equinor face legal challenges for other projects in the North Sea.

Portfolio Pulse from Lekha Gupta

September 26, 2024 | 3:14 pm

SMCI

Super Micro Computer shares are declining due to a report that the company is under investigation by the Justice Department.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:49 pm

SMCI

Super Micro Computer is under investigation by the Justice Department for alleged accounting violations, following a report by a short-selling firm. The probe is in its early stages.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:49 pm

QFIN

Grizzly Research has issued a report on Qifu Technology, Inc. (NASDAQ: QFIN), alleging that the company is a 'China Hustle Stock' with fake financials, fraudulent backers, and a failing business model.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 1:54 pm