Streetbeat News

Regulatory

MCD

Senator Elizabeth Warren criticized McDonald's for raising prices faster than inflation, impacting consumers' ability to afford food. Despite inflation, McDonald's profits surged, and the company spent heavily on stock buybacks. The fast food giant also faces scrutiny over an E. coli outbreak linked to its products.

Portfolio Pulse from Shivdeep Dhaliwal

October 25, 2024 | 3:10 am

ETHUSD

USDCUSD

USDTUSD

A hacker has reportedly stolen nearly $20 million in cryptocurrencies from U.S. government-linked wallets, including Aave USDC, USD Coin, Tether, and Ethereum. The funds are being laundered through suspicious addresses.

Portfolio Pulse from Aniket Verma

October 25, 2024 | 1:45 am

MCD

QSR

USFD

YUM

McDonald's, Burger King, and Yum Brands have removed onions from their menus due to an E. coli outbreak linked to fresh onions. The outbreak has caused 49 illnesses and one fatality. McDonald's identified Taylor Farms as the source of the contaminated onions, which have been recalled. Despite the outbreak, McDonald's stock saw minimal impact, though an analyst downgraded it to 'neutral'.

Portfolio Pulse from Shivdeep Dhaliwal

October 25, 2024 | 1:04 am

KXIN

Trading for a certain asset was halted at 7:50:00 p.m. ET due to pending news. This indicates that significant information is expected to be released, which could impact the asset's price once trading resumes.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:50 pm

F

TM

The Biden Administration has approved Ioneer's Rhyolite Ridge Lithium-Boron Project in Nevada, marking the first U.S. lithium project approval under the current administration. This move aims to boost domestic battery material sourcing and reduce reliance on China. Ioneer has agreements with Ford and Toyota to supply lithium for electric vehicle batteries.

Portfolio Pulse from Adam Eckert

October 24, 2024 | 10:23 pm

CPRI

TPR

Capri Holdings and Tapestry plan to appeal a district court's decision to grant the FTC's motion for a preliminary injunction blocking their merger.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 10:06 pm

CPRI

TPR

Capri Holdings' stock plummeted after a judge blocked its merger with Tapestry, citing competition concerns in the U.S. handbag market. Tapestry's stock rose as the merger was halted.

Portfolio Pulse from Adam Eckert

October 24, 2024 | 9:39 pm

XRAY

Dentsply Sirona has suspended sales and marketing of its Byte aligners and impression kits to review regulatory requirements in consultation with the FDA.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 9:36 pm

FRST

Primis Financial has received a notice from Nasdaq indicating that the temporary stay of delisting of its common stock has been extended. This development provides the company with more time to comply with Nasdaq's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 9:17 pm

EWJ

Bank of Japan Governor Kazuo Ueda indicated that there will be no interest rate hike next week, suggesting a stable policy stance despite the yen's recent decline. This decision implies that the central bank is not in a rush to adjust its monetary policy.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:58 pm