Streetbeat News

Regulatory

AAPL

Apple Inc. plans to enhance the battery life of its iPhone 16 series by adopting stainless steel cases, which will help meet EU regulations and increase battery cell density by 5-10%. This change will also make batteries easier to replace, complying with the EU's 2027 regulation for replaceable batteries. Additionally, Apple faces scrutiny from the EU for potential violations of the Digital Markets Act.

Portfolio Pulse from Ananya Gairola

July 01, 2024 | 1:48 am

AAPL

GOOG

META

MSFT

PARA

SONY

SQ

The article covers various developments in the consumer tech world from June 23 to June 29, 2024. Key highlights include Alphabet's DeepMind study on AI misuse, Paramount Global's price hike for Paramount+, Sony's new PlayStation controller patent, Microsoft's Diablo 4 updates, and multiple updates from Apple including workforce reduction, RCS support, and struggles with its Vision Pro headset. Meta Platforms faces backlash over AI mislabeling and political content settings, while OpenAI plans to restrict access to its tools in China. Other notable mentions include Jack Dorsey's warning about deepfakes and leadership changes at X.

Portfolio Pulse from Lekha Gupta

June 30, 2024 | 7:17 pm

BA

SPR

SPY

Reuters reported that the U.S. is negotiating a plea agreement with Boeing due to a violation of a settlement related to fatal crashes, according to sources.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2024 | 7:04 pm

BGNE

BIRK

EC

FND

IP

JD

MRNA

MU

POOL

WBA

The article highlights the ten worst-performing large-cap stocks from June 23 to June 29. Walgreens Boots Alliance, Moderna, and Floor & Decor Holdings were among the biggest losers, with significant declines due to various factors such as earnings reports, economic data, and regulatory news.

Portfolio Pulse from Lekha Gupta

June 30, 2024 | 6:21 pm

BAC

C

GS

JPM

MS

WFC

Several major U.S. banks, including JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley, Goldman Sachs, and Wells Fargo, have announced dividend increases following their successful performance in the Federal Reserve's annual stress test. This indicates their robust financial health and resilience, likely boosting investor confidence.

Portfolio Pulse from Bibhu Pattnaik

June 29, 2024 | 4:11 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) is planning to build an 800-unit apartment complex as part of a new store development in South Los Angeles. The project includes 184 affordable housing units and aims to expedite the building process by using pre-manufactured units. This mixed-use development could serve as a test for future projects combining retail and housing.

Portfolio Pulse from Chris Katje

June 29, 2024 | 2:26 pm

BA

MSFT

NVDA

TSLA

Benzinga reviewed the prospects of popular stocks, highlighting bullish and bearish outlooks. Nvidia, Tesla, and Microsoft were among the key stocks discussed. Nvidia is expected to hit $200 due to its AI dominance, while Tesla's market cap could reach $24 trillion by 2034. Microsoft faces EU charges for anti-competitive practices. Elon Musk criticized Boeing's CEO amid Starliner issues.

Portfolio Pulse from Michael Cohen

June 29, 2024 | 1:40 pm

META

MSFT

Microsoft's AI Chief, Mustafa Suleyman, has sparked controversy by suggesting that open web content is 'freeware' and can be freely used, amid ongoing lawsuits against Microsoft and OpenAI for using copyrighted content to train AI models. His comments have been met with criticism and could impact ongoing legal battles and future AI content regulations.

Portfolio Pulse from Rounak Jain

June 29, 2024 | 9:17 am

META

Australian Prime Minister Anthony Albanese criticized Meta Platforms Inc. (NASDAQ:META) for not fulfilling its commitments to pay local media organizations for their content. The PM emphasized the social responsibility of tech giants to keep news on their platforms and urged Meta to honor its previous commitments. This comes amid an ongoing dispute between Australia and Meta over the news media bargaining code, which could result in fines for Meta if it fails to engage in payment discussions.

Portfolio Pulse from Ananya Gairola

June 29, 2024 | 7:26 am

KR

LNG

NFE

NKE

SBUX

TPR

Jim Cramer suggests that a second Donald Trump presidency could positively impact the stock market, with potential benefits for companies like Kroger, Tapestry, New Fortress Energy, and Cheniere Energy. However, stricter trade regulations could negatively affect Nike and Starbucks.

Portfolio Pulse from Rounak Jain

June 29, 2024 | 5:32 am