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SPY

A judge has ruled that the trial concerning former President Trump's Georgia election case will not take place in October as previously scheduled. The news was reported by CNBC.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 2:17 pm

Sweetgreen, a US-based fast-casual restaurant chain, is facing a lawsuit from workers at seven of its New York locations over alleged racial discrimination. The news was reported by CNBC.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 2:13 pm

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Arm Holdings is preparing for an IPO that could value the company at $54 billion. Goldman Sachs has dismissed multiple employees due to violations of its communications guidelines. Google is reducing its global recruiting department due to a hiring slowdown. Starbucks founder and former CEO Howard Schultz is leaving the company's board. Marvel Studios' VFX workers have voted for unionization. Singapore may impose new rules on ride-hailing companies like Grab Holdings. Kroger's Home Chef division is in a logo dispute with Grubhub. Carrefour is issuing price alerts on products from suppliers like Nestle, PepsiCo, and Unilever. CrownRock is preparing for a potential sale that could value the company at over $10 billion. Delta Air Lines and United Airlines are facing an antitrust lawsuit. Ron Baron holds over $1 billion in shares in SpaceX. Microsoft is facing a formal EU complaint over its Teams app. Electronic Arts' Stig Asmussen is leaving the company. OpenAI is opening a new office in Dublin. Caesars Entertainment has suffered a cybersecurity breach.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 1:56 pm

Kroger Company's Home Chef division has lost a legal battle against Grubhub over a logo dispute. The court ruled that there was insufficient evidence to suggest that Grubhub's logo could confuse consumers. Home Chef disagrees with the decision and is considering its options.

Portfolio Pulse from Nabaparna Bhattacharya

September 14, 2023 | 1:36 pm

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MSFT

Microsoft Corp's (NASDAQ:MSFT) attempt to address EU concerns about its Teams video-conferencing app has failed, leading to the preparation of a formal complaint by the European Union's antitrust enforcers. The EU's investigation was prompted by a complaint from Salesforce Inc's (NYSE:CRM) Slack platform. Despite Microsoft's proposal to separate Teams from its broader business software package, regulators' worries persist. Microsoft may face further challenges in the European market.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 1:14 pm

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Ethereum co-founder Joseph Lubin has expressed confidence that the ongoing disputes between the U.S. Securities and Exchange Commission (SEC) and crypto firms over the classification of crypto tokens will be resolved favorably. Lubin's comments come as crypto firms such as Binance, Coinbase, and Ripple continue to face lawsuits from the SEC for alleged law infringements. Lubin insists that ether should be considered more of a commodity, similar to oil.

Portfolio Pulse from Benzinga Neuro

September 14, 2023 | 9:39 am

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Delta Air Lines Inc. (DAL) and United Airlines Holdings Inc. (UAL) are facing an antitrust class action lawsuit for allegedly conspiring to inflate airfares across the U.S. by reducing available seats on domestic flights. American Airlines Group Inc. (AAL) and Southwest Airlines Co. (LUV) were also implicated but have settled the lawsuit for $45 million and $15 million, respectively. The U.S. Global Jets ETF (JETS) fell 2.7% following the news.

Portfolio Pulse from Piero Cingari

September 13, 2023 | 8:09 pm

UAL

United Airlines Holdings Inc (NASDAQ:UAL) shares fell by 4.3% amid a general weakness in airline stocks after Spirit, Frontier, and American Airlines lowered their financial outlook due to rising fuel costs. Additionally, a federal judge has required Delta and United Airlines to face a consumer antitrust class action alleging that major U.S. carriers conspired to raise domestic airfares by limiting available seats.

Portfolio Pulse from Henry Khederian

September 13, 2023 | 7:16 pm

DAL

Delta Air Lines (DAL) shares fell by 3.2% amid lowered financial outlooks from Spirit, Frontier, and American Airlines due to rising fuel costs. Additionally, Delta and United Airlines are facing a consumer antitrust class action alleging a conspiracy to raise domestic airfares by limiting available seats. American Airlines updated its 3Q23 financial and operational guidance due to a significant increase in fuel prices.

Portfolio Pulse from Henry Khederian

September 13, 2023 | 7:14 pm

VRNOF

Alabama Medical Cannabis Commission (AMCC) is facing another lawsuit, this time from Medella LLC, a medical cannabis company applying for a license. The lawsuit alleges that AMCC's assessments of license candidates misleadingly suggested that one of Medella's owners or senior directors had a criminal background. This follows previous legal actions against the commission from Alabama Always LLC and Verano Holdings Corp. (OTCQX:VRNOF), both of which have been involved in legal disputes with the commission over its license allocation process.

Portfolio Pulse from Jelena Martinovic

September 13, 2023 | 4:30 pm