Streetbeat News

Corporate Responsibility

AIM

Kellner Group has publicly denounced false rumors regarding AIM short selling and is demanding accountability from the current board. They urge shareholders to vote for their nominees for necessary changes.

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December 14, 2024 | 10:15 pm

INTC

Intel's CEO has been replaced, and the new management team is contemplating selling parts of the business. This significant leadership change could impact Intel's strategic direction and financial performance.

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December 14, 2024 | 5:45 pm

UNH

UnitedHealth Group CEO Andrew Witty highlighted the need for improvements in the healthcare system to address Americans' frustrations and medical needs. This comes in the wake of the murder of a top executive at UnitedHealth, which has brought attention to issues in health insurance claims and patient costs.

Portfolio Pulse from

December 14, 2024 | 1:45 pm

CVX

XOM

Exxon Mobil and Chevron are entering the AI data center market by providing energy solutions. Exxon plans to build a natural gas plant with carbon capture technology to reduce emissions.

Portfolio Pulse from

December 14, 2024 | 12:45 pm

STLA

Italy's Industry Minister Adolfo Urso emphasized the importance of Italy in Stellantis' future strategy, urging the automaker to protect its factories in the country.

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December 14, 2024 | 12:30 pm

AMZN

Amazon has announced a $1 billion investment in nuclear power, marking a significant shift in its energy strategy. This move could impact its operational costs and sustainability efforts.

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December 14, 2024 | 12:30 pm

VWAGY

Volkswagen is undergoing restructuring, which may cause short-term challenges but could lead to long-term gains. Despite current underperformance, Wall Street may undervalue VW's potential. Key challenges include restructuring costs, tariffs, and high CAPEX, but potential savings and margin improvements could enhance profits. A 2025 forecast predicts a 5.61% EBIT margin, below management targets, with a target price of €147 per share.

Portfolio Pulse from

December 14, 2024 | 7:30 am

GM

GOOGL

General Motors (GM) has decided to exit the global robotaxi business by scrapping its Cruise division, saving $1 billion annually. This decision comes after investing $10 billion in Cruise since 2016, due to competition from Alphabet's Waymo and Amazon, as well as operational challenges. GM will now focus on restructuring its BEV business, China operations, and returning cash to shareholders through buybacks and dividends.

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December 14, 2024 | 1:00 am

AAPL

Apple's CEO Tim Cook is set to meet with President-elect Donald Trump at Mar-a-Lago. The meeting could have implications for Apple's business operations and regulatory environment.

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December 14, 2024 | 12:45 am

UNH

UnitedHealth Group has addressed misinformation regarding its claims approval process, stating that 90% of claims are approved and paid upon submission, with only a small fraction requiring further review for medical reasons.

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December 14, 2024 | 12:15 am