Streetbeat News

Regulatory

AIUG

AI Unlimited Group Inc. (OTCQB: AIUG) is leveraging its subsidiary, Lever App, to address issues in student loan servicing highlighted by a recent CFPB report. The report points out systemic failures such as payment processing errors and inadequate customer service, presenting a transformative opportunity for AIUG.

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November 15, 2024 | 6:45 pm

MSFT

Elon Musk has added antitrust claims against OpenAI and Microsoft to his existing lawsuit, alleging collusion to remove competition in the AI sector.

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November 15, 2024 | 6:30 pm

TMC

TMC the metals company Inc. is facing a class action lawsuit for alleged violations of securities regulations. The Schall Law Firm is urging affected investors to contact them before January 7, 2025.

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November 15, 2024 | 6:30 pm

CPRI

TPR

Tapestry has decided to cancel its acquisition of Capri Holdings following opposition from the FTC. This decision allows Tapestry to focus on its own growth without the challenges of integrating Capri.

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November 15, 2024 | 6:30 pm

F

Ford has been fined $165 million by the National Highway Traffic Safety Administration (NHTSA) for failing to recall vehicles in a timely manner. This is the second-largest civil penalty in the agency's history.

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November 15, 2024 | 6:15 pm

AAPL

BRK.A

BRK.B

Warren Buffett's Berkshire Hathaway is increasing its cash reserves by selling more stocks than it buys, including a significant portion of its Apple holdings, as revealed in recent regulatory filings.

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November 15, 2024 | 6:00 pm

BAC

JPM

Bank of America (BAC) and JPMorgan Chase (JPM) have experienced significant rallies post-election, outperforming the financial sector. The potential deregulation from the Trump administration is expected to further benefit these banks due to their scale, profitability, and financial strength.

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November 15, 2024 | 6:00 pm

OKLO

Jacob DeWitte, CEO of Oklo, discussed the company's quarterly earnings and expressed optimism about receiving support from the Trump administration for nuclear energy initiatives.

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November 15, 2024 | 6:00 pm

EVLV

Evolv Technologies (EVLV) has delayed filing its quarterly report due to ongoing investigations into improper revenue recognition and sales practices. The company admitted to misconduct involving extra-contractual terms in sales, affecting its financial reporting.

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November 15, 2024 | 5:45 pm

AVGO

Broadcom's AI revenue is expected to exceed $12 billion in FY2024 due to high demand and strategic partnerships. VMware contributed significantly to Q3 revenue, enhancing Broadcom's income diversification. However, proposed tariffs by Trump 2.0 could impact 32% of Broadcom's revenue linked to China.

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November 15, 2024 | 5:45 pm