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AAPL

GOOG

GOOGL

Apple Inc.'s Eddy Cue defended the company's $19 billion deal with Alphabet Inc.'s Google in the ongoing antitrust case against Google. Cue stated that Google Search was the best option available and there were no alternatives. However, he also expressed concerns about Google's privacy policies. The Department of Justice's line of questioning focused on Google's privacy policies and whether Apple took the Google Search deal because it was too good to pass or if Apple actually believed in the product.

Portfolio Pulse from Rounak Jain

September 27, 2023 | 12:37 pm

SGBX

Safe & Green Holdings Corp. (NASDAQ:SGBX) has reached a settlement agreement with two of its stockholders, resolving a previously announced litigation. As part of the settlement, the company received a three-month irrevocable proxy from the stockholders, giving the company the right to vote the shares of common stock held by them, which represents approximately 23.85% of the company's issued and outstanding common stock.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:33 pm

DIS

NFLX

PARA

WBD

A tentative labor agreement between Hollywood studios and the Writers Guild of America (WGA) will likely allow studios to continue training AI models using writers' works. This is a relief for Warner Bros. Discovery, Inc (WBD), Paramount Global (PARA), Netflix, Inc (NFLX) and Walt Disney Co (DIS). However, writers will receive credit and compensation for their contributions, even when AI tools are used. This follows a nearly five-month strike and ongoing negotiations with the Alliance of Motion Picture and Television Producers (AMPTP).

Portfolio Pulse from Anusuya Lahiri

September 27, 2023 | 12:25 pm

AMZN

SPY

USO

US stock markets closed significantly lower on Tuesday, September 26, with the Dow hitting its lowest since March amid weak consumer confidence and fears of persistent inflation and rising interest rates. Amazon.com, Inc (NASDAQ:AMZN) saw a 4% drop in its stock as it faced legal action from the Federal Trade Commission and 17 states. Asian and Eurozone markets were mixed, with Japan’s Nikkei 225 and China’s Shanghai Composite closing higher, while Australia’s S&P/ASX 200 and Germany’s DAX declined. Crude Oil WTI was trading higher by 1.02% at $91.28/bbl.

Portfolio Pulse from Akanksha Bakshi

September 27, 2023 | 10:47 am

AAPL

FLEX

INDA

The Indian Tax Department has conducted a search at the premises of Flex, a supplier for Apple, in Chennai, according to local media reports. No comments have been made by either Flex or Apple regarding the situation.

Portfolio Pulse from Charles Gross

September 27, 2023 | 9:36 am

AMZN

PAYX

WOR

The CNN Money Fear and Greed index remained in the 'Fear' zone, indicating increased fear among US investors. The Dow Jones Industrial Average recorded its worst session since March, and all sectors on the S&P 500 closed negatively. Amazon shares fell around 4% as the Federal Trade Commission and 17 states filed suit against the company. Investors are awaiting earnings results from Paychex, Worthington Industries, and Micron Technology.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 7:57 am

BTC-USD

Pablo Renato Rodriguez, co-founder of AirBit Club, has been sentenced to 12 years in prison for swindling investors of over $100 million in a Ponzi scheme. Rodriguez is also required to pay a forfeiture of $65 million and surrender various assets, including 3,800 Bitcoins (CRYPTO: BTC), his residence in Irvine, California, and approximately $1 million held in escrow for a Gulfstream Jet.

Portfolio Pulse from Mehab Qureshi

September 27, 2023 | 6:52 am

ADAUSD

BTCUSD

ETHUSD

Crypto influencer Ben Armstrong, also known as 'BitBoy', was arrested and spent eight hours in jail on charges of loitering and assault. He was live streaming outside a former associate's residence at the time of his arrest. Armstrong has since been released on bail and faces charges with a bond set at $2,600. He has appealed to his followers for assistance in funding his legal campaign to regain control of BitBoy Crypto, receiving over $54,000 in donations in Ethereum, Bitcoin, and Cardano.

Portfolio Pulse from Mehab Qureshi

September 27, 2023 | 6:34 am

COIN

Coinbase Global, Inc. (NASDAQ:COIN) has initiated a major lobbying effort to rally support among lawmakers for new legislative rules for the crypto industry. The company is sponsoring the travel of over 50 crypto company executives to Washington, D.C. for lobbying purposes and plans to park an armored “money truck” near the Capitol building as a form of mobile advertising. This comes as Coinbase is involved in a legal battle with the SEC over alleged law violations.

Portfolio Pulse from Benzinga Neuro

September 27, 2023 | 6:32 am

HYZN

Hyzon Motors Inc. (NASDAQ:HYZN) has reached a final resolution with the U.S. Securities and Exchange Commission (SEC) over a previously reported investigation. The company has agreed to pay a civil monetary penalty of $25 million in three installments. In Q2 2023, Hyzon accrued a $22 million loss contingency based on the SEC investigation.

Portfolio Pulse from Charles Gross

September 26, 2023 | 9:29 pm