Streetbeat News

Corporate Responsibility

BRK.A

Warren Buffett has decided to redirect his fortune to a new charitable trust managed by his children after his death, instead of continuing donations to the Gates Foundation. He will continue his annual gifts to the Gates Foundation and other foundations while alive. Berkshire Hathaway shares were up 0.30% following the announcement.

Portfolio Pulse from Michael Juliano

June 28, 2024 | 2:30 pm

AA

RIO

Alcoa and Rio Tinto have announced significant progress on their ELYSIS technology, which aims to eliminate all greenhouse gas emissions from the aluminum smelting process and produce oxygen as a byproduct. Rio Tinto plans to launch the first industrial-scale demonstration of this technology.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:08 pm

SFTBY

TEM

SoftBank Group Corp. (OTC:SFTBY) plans to raise $1.86 billion through bond issuance to repay debt and invest in AI. The funds will be raised via U.S. dollar and euro-denominated bonds. This move aligns with SoftBank's strategic focus on AI, including a planned investment in Perplexity AI and a joint AI-powered medical service with Tempus AI Inc. (NASDAQ:TEM).

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 2:05 pm

TCX

Tucows has appointed Ivan Ivanov as its new Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 1:11 pm

AMZN

META

PYPL

TSLA

The article celebrates Elon Musk's 53rd birthday by highlighting 53 facts about his life and career, including his roles at Tesla Inc (NASDAQ:TSLA) and SpaceX, his involvement with PayPal Holdings Inc (NASDAQ:PYPL), and his acquisition of Twitter. It also mentions his public feuds with other billionaires and his influence on cryptocurrencies like Dogecoin.

Portfolio Pulse from Chris Katje

June 28, 2024 | 12:46 pm

HAYN

Haynes International (NASDAQ: HAYN) has appointed Marlin C. Losch III as Chief Operating Officer, effective July 1. Losch will oversee all commercial and operational activities and report directly to CEO Michael Shor.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:46 pm

PROC

Procaps Group has appointed José Minski as the new Chairman of the Board.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:33 pm

SPY

Barkin noted that companies have reduced both hiring and firing activities.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 11:39 am

PKB

QQQN

TGT

TSCO

WMT

Tractor Supply Company (TSCO) has eliminated its DEI roles and goals, and shifted focus to rural American priorities amid backlash. The company also withdrew its carbon emission goals to concentrate on land and water conservation. This move follows social media criticism and customer feedback. TSCO stock has lost over 5% in the past month but is trading higher by 0.54% premarket. Investors can gain exposure to TSCO via Invesco Building & Construction ETF (PKB) and VictoryShares Nasdaq Next 50 ETF (QQQN).

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 11:19 am

LL

LL Flooring Holdings is reportedly in financial distress, having hired a consultant with restructuring capabilities. F9 Investments criticizes the current board's leadership and calls for urgent changes to save the company.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 11:09 am