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Regulatory

DASH

GRUB

UBER

DoorDash is increasing delivery fees in New York City for both customers and restaurants due to a recent minimum wage increase for delivery workers to at least $17.96 per hour. The company informed restaurants of higher commission rates, with a maximum of 23% for delivery and 8% for pickup orders, up from 20% and 5% respectively. The fee cap legislation during the pandemic had set these limits. UberEats has added a $2 'New York Courier fee' and both DoorDash and UberEats have moved the tipping option to post-checkout. Grubhub, DoorDash, and UberEats are involved in ongoing litigation against NYC's fee cap rule. DoorDash now pays delivery workers $29.93 per hour or 50 cents per active minute.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:57 pm

MSFT

Activision, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), has warned Call of Duty players that its anti-cheat technology, Ricochet, will now automatically close the game on PC if aim assist is detected with a mouse and keyboard. The company also announced that Modern Warfare 3 Ranked Play will face delays and won't be available immediately after the Season 1 Reloaded update on Jan. 17, as the Ranked Play team will perform checks before enabling the mode for all players.

Portfolio Pulse from Franca Quarneti

January 17, 2024 | 7:55 pm

TBLT

ToughBuilt Industries Inc has regained compliance with the NASDAQ's minimum bid price requirement, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:40 pm

AAPL

MASI

A U.S. Appeals Court has ruled that the ban on imports of U.S. Apple Watches will be reinstated on January 18 after a temporary pause. This decision comes after a legal dispute, potentially affecting Apple's ability to import and sell certain models of its smartwatch in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:38 pm

GCBC

Greene County Bancorp, Inc. announced the retirement of Michelle Plummer, its CFO & COO, effective July 31, 2024. She will remain on the Boards of Directors. Nick Barzee will succeed her as CFO starting August 1, 2024. Barzee, a CPA, joined the company in 2021 and previously worked at KPMG.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:36 pm

ALK

DAL

LUV

SAVE

UAL

A part involved in the recent blowout of a Boeing 737 MAX 9 operated by Alaska Airlines was manufactured in Malaysia, according to an official. The incident is under investigation, and the findings could have implications for Boeing and its customers, which include airlines like Delta Air Lines (DAL), Hawaiian Airlines (HA), Southwest Airlines (LUV), Spirit Airlines (SAVE), and United Airlines (UAL).

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:12 pm

SPY

The Federal Reserve released its Beige Book for January 2024, providing insights into the current economic conditions across its 12 districts. The report is a compilation of anecdotal evidence on economic conditions and is used by the Federal Open Market Committee (FOMC) to make decisions on monetary policy. The Beige Book is an important indicator for investors as it can influence market expectations regarding interest rates and the overall economic outlook.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:01 pm

AAPL

The Department of Justice (DoJ) is conducting a probe into whether certain software and hardware limitations have been used to harm competitors. While the article hints at Apple Inc. (AAPL) being mentioned, there are no specific details provided about the nature of the investigation or the companies involved.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 6:33 pm

AAPL

The U.S. Department of Justice (DOJ) is reportedly preparing to file an antitrust lawsuit against Apple Inc. as soon as March, according to Dow Jones. The case is expected to focus on Apple's market practices and could have significant implications for the company's operations and market position.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 6:32 pm

GRFS

VGK

The European Central Bank (ECB) has requested certain banks to provide details regarding their exposure to Spain's Grifols and related assets, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 6:20 pm