Streetbeat News

Regulatory

META

India's competition regulator has fined Meta $25.4 million for antitrust violations related to WhatsApp's 2021 privacy policy.

Portfolio Pulse from

November 18, 2024 | 3:30 pm

NDAQ

NVDA

TSLA

The Nasdaq 100 index sees gains as Tesla's stock rallies, while Nvidia faces scrutiny over its AI chips. The mixed performance of US stocks is influenced by the Federal Reserve's rate stance and Nvidia's challenges.

Portfolio Pulse from

November 18, 2024 | 3:30 pm

HOOD

Robinhood is expected to benefit significantly from potential changes to securities laws under a Trump administration, which could boost crypto-assets listings.

Portfolio Pulse from

November 18, 2024 | 3:15 pm

LILM

The Schall Law Firm has announced a class action lawsuit against Lilium N.V. for alleged securities fraud, citing violations of the Securities Exchange Act of 1934. Investors have the opportunity to lead this lawsuit.

Portfolio Pulse from

November 18, 2024 | 3:15 pm

SMCI

Super Micro's stock has surged due to investor optimism that the company will avoid delisting on the deadline day.

Portfolio Pulse from

November 18, 2024 | 3:00 pm

XRAY

Kessler Topaz Meltzer & Check, LLP is investigating potential federal securities law violations by DENTSPLY SIRONA Inc. (NASDAQ:XRAY) following the company's voluntary suspension of sales and marketing of Byte Aligners and Impression Kits due to regulatory reviews.

Portfolio Pulse from

November 18, 2024 | 3:00 pm

OIL

Permex Petroleum Corporation has raised approximately US$4.2 million in new capital since April 2024, resumed production at its Breedlove asset, and is now compliant with reporting requirements in both Canada and the US for the first time since summer 2023.

Portfolio Pulse from

November 18, 2024 | 2:45 pm

MULN

Bollinger Motors' Class 4 electric truck, the Bollinger B4, has been approved for California's HVIP, granting a $60,000 cash voucher per vehicle sold. Combined with a $40,000 federal tax credit, the truck's net cost could be under $60,000.

Portfolio Pulse from

November 18, 2024 | 2:45 pm

TDG

TransDigm's Q4'24 results show strong performance with a 19% EBITDA increase, driven by growth in Commercial OEM and Aftermarket sales. The company continues its aggressive M&A strategy, acquiring SEI Industries and Raptor Scientific. However, elevated debt levels and potential regulatory scrutiny pose risks, potentially limiting M&A flexibility and impacting future growth.

Portfolio Pulse from

November 18, 2024 | 2:30 pm