Streetbeat News

Regulatory

BEN

Levi & Korsinsky has initiated an investigation into Franklin Resources, Inc. (NYSE:BEN) for potential violations of federal securities laws. This follows a Wells Notice received by Ken Leech, co-Chief Investment Officer of its subsidiary, Western Asset Management Company.

Portfolio Pulse from

November 08, 2024 | 9:15 pm

CNP

Hurricane Rafael is expected to weaken and remain in the southern Gulf of Mexico over the weekend, potentially bringing isolated rain and wind to Texas and Louisiana. CenterPoint Energy is monitoring the situation and has teams on standby.

Portfolio Pulse from

November 08, 2024 | 8:45 pm

DKNG

DraftKings CEO Jason Robins expressed interest in expanding beyond sports if legal conditions allow. The discussion also touched on DraftKings' latest earnings and revised forecasts.

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November 08, 2024 | 8:30 pm

TOL

Toll Brothers is expected to benefit from recent zoning regulation changes. The company's land-light strategy enhances margins and allows for riskier land investments. Home deliveries increased by 11% YoY in Q3 2024.

Portfolio Pulse from

November 08, 2024 | 7:30 pm

IBKR

Steve Sosnick from Interactive Brokers discusses the potential impact of tariff policies on the bond market, suggesting they could cause significant disruptions.

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November 08, 2024 | 7:15 pm

TSLA

The National Highway Traffic Safety Administration (NHTSA) has raised concerns about Tesla's social media posts suggesting that its Full Self-Driving software can operate as a robotaxi without driver attention.

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November 08, 2024 | 6:45 pm

IVV

The S&P 500 index has surpassed the 6,000 mark for the first time, driven by Donald Trump's election and the Federal Reserve's interest-rate cut. This milestone suggests potential further upside for U.S. stocks.

Portfolio Pulse from

November 08, 2024 | 6:30 pm

IFSPF

Interfor Corporation is expected to benefit from a universal Trump tariff due to its significant presence in the Southern US. Additionally, a recent rate cut is likely to boost demand for housing transactions, which in turn could increase spending on remodeling and renovation.

Portfolio Pulse from

November 08, 2024 | 6:30 pm

AEXAY

Bull SA has issued a preferred share to the French State to protect national interests related to Atos' sovereign sensitive activities. This move grants the French State governance rights in Bull SA.

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November 08, 2024 | 6:15 pm

TM

Toyota Motor has declared that the California-led mandates for electric vehicles, which require 35% of 2026 model-year vehicles to be zero-emission, are 'impossible' to meet. This statement highlights potential challenges in meeting regulatory goals.

Portfolio Pulse from

November 08, 2024 | 6:00 pm