Streetbeat News

Regulatory

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VZ

U.S. officials are investigating the severity of cyberattacks linked to China targeting broadband providers. Lawmakers have sent letters to Verizon, AT&T, and Lumen seeking information on these hacks and their responses.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 9:33 am

FXI

China's Premier Li has called on countries to respect China's peace efforts in the South China Sea, as reported by Reuters citing Chinese state media.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 9:18 am

COIN

The SEC is facing internal discord over its cryptocurrency policy, with Commissioner Mark Uyeda criticizing it as a 'disaster' for assets like Bitcoin, Ethereum, and Dogecoin. Despite criticism, Chairman Gary Gensler remains firm on the policy, which has led to lawsuits against major crypto firms like Crypto.com.

Portfolio Pulse from Aniket Verma

October 11, 2024 | 9:08 am

TSLA

Tesla's recent 'We, Robot' event showcased the new Cybercab, a fully autonomous vehicle with a cost advantage, but its production timeline is a concern for investors. Analysts are optimistic about its potential impact on Tesla's growth, but regulatory and timing challenges remain.

Portfolio Pulse from Shanthi Rexaline

October 11, 2024 | 8:18 am

ERJ

Embraer's E190F E-Freighter has received clearance from the FAA, positioning it to replace older aircraft models. This development could impact Embraer's market presence and competitiveness in the freighter aircraft sector.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 7:47 am

AAPL

Apple Inc. has reportedly been secretly aiding law enforcement agencies by hosting 'Global Police Summit' events to discuss the use of its products for surveillance. This challenges the notion of Apple's strained relationship with law enforcement, rooted in its past refusal to aid the FBI in hacking an iPhone. The summits have been attended by delegates from nearly 50 global police departments, and Apple has been fostering relationships with California law enforcement.

Portfolio Pulse from Ananya Gairola

October 11, 2024 | 7:41 am

WFC

Wells Fargo & Company (NYSE:WFC) is set to release its Q3 earnings on Oct. 11, with expected earnings of $1.28 per share and revenue of $20.41 billion. Analysts have revised their ratings, with some upgrading the stock and adjusting price targets. The bank recently reached an agreement with the OCC to improve its anti-money laundering practices.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 7:41 am

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Nippon Steel is selling its stake in the Calvert joint venture to ArcelorMittal for $1, as part of its strategy to acquire US Steel. The transaction is contingent on the completion of Nippon Steel's acquisition of US Steel, which is subject to regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 7:14 am

AAPL

LYV

Ticketmaster, a subsidiary of Live Nation Entertainment, has announced support for richer event tickets in Apple Wallet, a feature introduced with iOS 18. This collaboration aims to enhance the ticketing experience by providing additional information such as venue maps and weather forecasts. The feature will debut at a Los Angeles Football Club game and expand to other events in 2025. This development follows recent controversies and legal challenges faced by Ticketmaster and its parent company.

Portfolio Pulse from Ananya Gairola

October 11, 2024 | 6:18 am

BNR

Burning Rock and Dizal have received NMPA approval for their co-developed NGS-based companion diagnostic (CDx) for lung cancer in China. This is the first such approval since the release of the CDx guideline in China, marking a significant advancement in precision treatment for non-small cell lung cancer patients.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 5:54 am