Streetbeat News

Regulatory

CRKN

Crown Electrokinetics (CRKN) will be issued U.S. Patent Number 11,773,647 titled 'Two Particle Electrophoretic Laminate For Use With Smart Windows With Reduced Diffraction'.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 5:01 pm

DFS

Discover Financial Services has announced that the consent order it received does not contain any monetary penalties or fines, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:57 pm

DFS

Discover Financial has disclosed that it has entered into a consent agreement with the Federal Deposit Insurance Corporation (FDIC). As part of the agreement, the company has agreed to improve its consumer compliance management system, enhance its corporate governance and enterprise risk management practices, and increase its level of oversight.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:56 pm

F

The National Highway Traffic Safety Administration (NHTSA) has expanded its investigation into approximately 709,000 Ford Motor Company vehicles due to severe engine failures linked to a malfunctioning valve. The probe focuses on Ford's 2021 and 2022 models, including the Bronco, Edge, Explorer, F-150, Lincoln Aviator, and Nautilus. Ford has provided evidence of 328 customer complaints, 487 warranty claims, and 809 engine exchanges related to these vehicles.

Portfolio Pulse from Shivani Kumaresan

October 02, 2023 | 4:56 pm

SPY

VGK

The White House has announced that it will continue to support Ukraine for as long as necessary. They have been in touch with allies and partners about the situation in Ukraine.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:45 pm

FTTUSD

The U.S. Securities and Exchange Commission (SEC) has taken legal action against Prager Metis, the former auditor of cryptocurrency exchange FTX, accusing it of professional misconduct and non-compliance with the Public Company Accounting Oversight Board (PCAOB) standards during its audit of FTX's financial statements for 2021 and 2022. The SEC alleges that Metis failed to spot and rectify material misstatements in FTX's financial records and did not sufficiently gauge the risks of material misstatement arising from potential fraud.

Portfolio Pulse from Murtuza Merchant

October 02, 2023 | 4:39 pm

SPY

Republican U.S. Representative Matt Gaetz plans to put forward a motion this week to oust Kevin McCarthy as Speaker, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:31 pm

COIN

ETHUSD

USDCUSD

Coinbase Singapore has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), allowing it to offer Digital Payment Token services in the country. The company has tailored its offerings to the region, introduced funding methods, integrated SingPass for a simplified onboarding process, and made USD Coin purchases using SGD more accessible by eliminating fees. Coinbase has also made over 15 investments in the region through Coinbase Ventures and collaborated with local entities.

Portfolio Pulse from Murtuza Merchant

October 02, 2023 | 4:31 pm

SPY

VGK

The Pentagon has warned Congress that it is running low on funds to replace weapons sent to Ukraine, and has already had to slow down resupplying some troops. The Pentagon Comptroller, Michael McCord, stated that there is $1.6 billion left of the $25.9 billion provided by Congress to replenish U.S. military stocks sent to Ukraine. The U.S. also has about $5.4 billion left to provide weapons and equipment from its stockpiles. McCord warned that without additional funding, the U.S. will have to delay or curtail air defense weapons, ammunition, drones, and other equipment.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:29 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the Fed's ambition is to maintain a strong labor market, which requires price stability. He also noted that as economic expansions continue, more wage gains are seen in the lower part of the income spectrum.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:18 pm