Streetbeat News

Regulatory

BAC

Bank of America has stated that it has not found any evidence to support allegations that it shared non-public information with certain investors.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:32 pm

X

The Committee on Foreign Investment in the United States (CFIUS) has identified potential risks to national security from supply chain disruptions in critical sectors such as transportation, infrastructure, construction, and agriculture. These risks are linked to a deal involving Nippon Steel, which is expanding in India where production costs are lower than in the U.S.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:31 pm

X

The Committee on Foreign Investment in the United States (CFIUS) has raised national security concerns regarding Nippon Steel's bid for U.S. Steel, citing potential reductions in domestic steel production capacity. U.S. Steel and Nippon Steel have responded to 19 rounds of questions from CFIUS, which also considered Nippon Steel's limited use of trade remedies.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:30 pm

DLTR

Dollar Tree, Inc. (NASDAQ:DLTR) faces challenges as analysts lower price forecasts due to competitive pressures and rising costs. Despite a recent share price increase, the company reported disappointing Q2 results and reduced its outlook. Analysts have downgraded the stock and adjusted EPS estimates, citing potential regulatory and labor cost headwinds.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 6:15 pm

DUK

Duke Energy Florida plans to reduce residential rates by approximately 6% in January 2025, pending approval. This reduction is part of an annual adjustment for fuel costs and includes grid improvements for reliability and solar investments. If approved, a typical 1,000 kWh residential bill will decrease by $9.77.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:14 pm

BAC

Bank of America is investigating allegations that its bankers in Asia shared nonpublic information with investors in India before stock sales, potentially enabling front running. The complaint involves three deals since 2023.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:11 pm

AAL

DAL

LUV

UAL

The U.S. Transportation Department has ordered the four largest U.S. airlines to provide information on their frequent flyer and rewards programs. This move could impact how these airlines manage and market their loyalty programs.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:03 pm

BAX

MDT

Medtronic is recalling certain video laryngoscopes due to battery overheating risks, which could lead to serious health consequences. The FDA has classified this as a serious recall. Baxter International is also recalling certain ventilator components due to potential disconnection issues.

Portfolio Pulse from Vandana Singh

September 05, 2024 | 5:45 pm

SPY

TSLA

Donald Trump announced plans to appoint Elon Musk to lead a proposed government efficiency commission. He also proposed reducing the corporate tax rate to 15% for U.S. manufacturers and creating a sovereign-wealth fund.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:44 pm

META

NVDA

BofA Securities analyst Vivek Arya maintains a Buy rating on Nvidia (NVDA) with a $165 price target, citing robust growth opportunities despite headwinds. Nvidia remains a top sector pick, with potential enhanced Buy opportunities due to valuation and upcoming product shipments.

Portfolio Pulse from Anusuya Lahiri

September 05, 2024 | 5:42 pm