Streetbeat News

Regulatory

FXI

China plans to deepen the role of state companies in the energy, resources, and grain sectors, according to Bloomberg. This move could potentially impact the iShares China Large-Cap ETF (FXI), which includes state-owned companies.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:01 pm

SCHW

Schwab has announced that it expects to face a one-time special assessment of $160M from the Federal Deposit Insurance Corporation (FDIC) later this year.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 12:59 pm

FXI

China's Vice Premier has urged for deepening state firm reforms, according to Xinhua. The potential impact on the iShares China Large-Cap ETF (FXI) is unclear.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 12:58 pm

T

VZ

Verizon Communications Inc (VZ) is investigating potential lead contamination linked to its aging phone cables. The company is testing sites where lead was reported to be leaching into the ground from old wiring. The issue could increase cleanup costs and lead to a difficult year for telecom operators. AT&T Inc (T) also owns some of these legacy networks.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 12:54 pm

RCAC

Trading of Revelstone Capital Acquisition Corp. (RCAC) shares has been halted due to pending news.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 12:45 pm

AAPL

AMZN

Spain's Communications and Markets Regulator has limited Amazon's ability to target marketing campaigns to customers of Apple products on its website in Spain to offer them competing products from other brands.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 12:28 pm

AAPL

AMZN

Spain's National Commission on Markets and Competition (CNMC) has accused two unnamed companies of unjustifiably restricting the number of resellers of Apple products on Amazon's website in Spain. The companies also allegedly limited advertising space for competing Apple products on Amazon's website in Spain.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 12:28 pm

AAPL

AMZN

Spain's Communications and Markets Regulator has stated that Amazon and Apple agreed to include clauses in their contracts that affected the sale of Apple and other branded products on Amazon's website in Spain.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 12:27 pm

AAPL

AMZN

Spain's Communications and Markets Regulator has fined Apple (AAPL) and Amazon (AMZN) €194M for restricting competition on Amazon's website in Spain.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 12:26 pm

CMC

Commercial Metals Company (CMC) has secured a permit allowing for the construction of its fourth micro mill. This development is expected to enhance the company's production capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 12:14 pm