Streetbeat News

Regulatory

UJOGF

Planning permission for the Wressle onshore oil development has been rescinded due to procedural omissions by North Lincolnshire Council, specifically the failure to consider Scope 3 greenhouse gas emissions as required by a recent Supreme Court ruling.

Portfolio Pulse from

November 12, 2024 | 8:00 am

MTRO

Britain's Financial Conduct Authority (FCA) has fined Metro Bank 16 million pounds for anti-money laundering control failings between June 2016 and December 2020.

Portfolio Pulse from

November 12, 2024 | 7:30 am

AAAU

Gold prices are currently hovering near $2,605, influenced by a strong dollar. Upcoming inflation data and Federal Reserve speeches are expected to impact gold's price direction, with key support and resistance levels being closely monitored.

Portfolio Pulse from

November 12, 2024 | 7:00 am

XOM

Exxon Mobil CEO Darren Woods expressed that President-elect Trump's plan to withdraw the U.S. from the Paris Climate Agreement is not advisable.

Portfolio Pulse from

November 12, 2024 | 6:30 am

COIN

Coinbase (COIN) shares have surged to a three-year high due to increased trading volumes and expectations of a favorable regulatory environment under the incoming Trump Administration.

Portfolio Pulse from

November 12, 2024 | 5:00 am

GOOG

Alphabet Inc. has shown strong Q3 2024 performance with a 15% revenue increase, driven by Google Cloud and AI services. Despite challenges in Search and YouTube, AI and cloud investments are key growth drivers. The price target for Alphabet has been raised to $302, indicating a 69% upside potential.

Portfolio Pulse from

November 12, 2024 | 5:00 am

PM

The FDA has reauthorized Swedish Match's General snus as a Modified Risk Tobacco Product, allowing the use of modified risk claims to target adults 21+ who smoke or use traditional tobacco products. This decision involves Swedish Match USA, an affiliate of Philip Morris International (PMI).

Portfolio Pulse from

November 12, 2024 | 1:30 am

HE

Hawaiian Electric is advancing its wildfire safety efforts, which may impact its operational strategies and financial performance.

Portfolio Pulse from

November 12, 2024 | 12:30 am

INTC

TSM

Taiwan Semiconductor (TSM) has reported strong quarterly results and is benefiting from key metrics. Its Arizona plant is outperforming similar facilities in Taiwan, potentially increasing U.S. government support. Meanwhile, Intel faces challenges, delaying or canceling several semiconductor plants.

Portfolio Pulse from

November 11, 2024 | 11:45 pm