Streetbeat News

Regulatory

PSX

Phillips 66 has been indicted for allegedly violating the Clean Water Act by dumping 800,000 gallons of contaminated wastewater into the Los Angeles County sewer system.

Portfolio Pulse from

November 22, 2024 | 12:30 am

LGDTF

Liberty Gold Corp. has filed a technical report for the preliminary feasibility study of the Black Pine Oxide Gold Deposit in Idaho. This report is a significant step in the development of the project.

Portfolio Pulse from

November 22, 2024 | 12:30 am

WMT

Walmart's CFO, John David Rainey, has warned that President-elect Trump's proposed tariffs could result in higher prices for Walmart shoppers.

Portfolio Pulse from

November 22, 2024 | 12:00 am

GOOGL

MSFT

OpenAI is reportedly considering entering the browser market to compete with Google, potentially partnering with Samsung. This comes as the DOJ suggests Google should sell its Chrome browser to reduce its monopoly in online search.

Portfolio Pulse from

November 21, 2024 | 11:45 pm

LMGDF

Lumina Gold Corp. has received an extension for its Los Cangrejos mining concession in Ecuador until 2049, allowing the company to continue its investment plans.

Portfolio Pulse from

November 21, 2024 | 11:15 pm

BITW

CBOE

Bitwise Asset Management has announced that Cboe BZX Exchange has filed a Form 19b-4 to list a spot Solana exchange-traded product (ETP) from Bitwise. The ETP will directly hold SOL, Solana's native token. The launch is pending regulatory approval.

Portfolio Pulse from

November 21, 2024 | 11:00 pm

GOOG

Alphabet's shares fell significantly after the DOJ's move to force a Google Chrome divestment, but the market reaction may be exaggerated. The DOJ's claim of an illegal monopoly is seen as unconvincing, and a potential spin-off is unlikely to impact Alphabet's revenue or shareholder value significantly.

Portfolio Pulse from

November 21, 2024 | 11:00 pm

AMZN

The European Union is reportedly planning to investigate Amazon's marketplace practices, specifically whether it favors its own branded products. This antitrust case is expected to commence in 2025.

Portfolio Pulse from

November 21, 2024 | 10:30 pm

GOOG

The Department of Justice (DOJ) is proposing to ban Google from paying for search distribution deals, which could significantly impact Google's search business. This move is causing concern among investors as Google's search dominance heavily relies on distribution agreements.

Portfolio Pulse from

November 21, 2024 | 10:15 pm

GOOG

Google is opposing a proposal by the U.S. Department of Justice that calls for the company to divest its Chrome browser as a remedy for antitrust claims. Google labeled the proposal as 'radical' in a recent blog post.

Portfolio Pulse from

November 21, 2024 | 10:15 pm