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CLF

IE

TMC

ZEUS

Ivanhoe Electric (IE) announced that its Executive Chairman and CEO will participate in the Future Minerals Forum, showcasing its Typhoon system and supporting its JV with Ma'aden. Cleveland-Cliffs (CLF) is raising prices for its steel products, with hot-rolled steel starting at $1,150 per ton. Olympic Steel (ZEUS) promoted Zachary J. Siegal to President of Manufactured Metal Products. TMC The Metals Company (TMC) supports the 2024 National Defense Authorization Act, which could benefit its seafloor polymetallic nodules exploration for battery metals.

Portfolio Pulse from Austin DeNoce

January 03, 2024 | 8:23 pm

WAVS

Western Acquisition Ventures Corp (WAVS) has announced the resignation of Stephen Christoffersen as CEO and William Lischak as CFO, effective December 27, 2023, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 7:55 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is set to continue its trend of producing American-made vehicles with the upcoming Cybertruck, which is expected to be one of the most American-made pickup trucks. The Cybertruck's Monroney sticker shows a high U.S. and Canadian parts content of 65%, with final assembly in Austin, Texas. The motor, gearbox/transmission, battery assembly, and on-board charger assembly are also carried out in the U.S. This commitment to domestic manufacturing could increase the Cybertruck's appeal to consumers who prioritize local industry support.

Portfolio Pulse from Benzinga EV Insights

January 03, 2024 | 7:51 pm

IBKR

Interactive Brokers Group, Inc. (NASDAQ:IBKR) shares have risen after a decline at the end of November, with a strong performance in December and into the new year. The company reported increased Daily Average Revenue Trades (DARTs) for December, up 13% year-over-year and 4% month-over-month. Additionally, Rich Repetto was appointed as an independent director effective Jan. 1. The stock's rise may also be attributed to positive investor sentiment in December. Interactive Brokers Group is expected to report Q4 earnings on Jan. 16, with an estimated EPS of $1.55 and expected revenue of $1.14 billion. At the time of publication, IBKR shares were up 2.70% at $86.83.

Portfolio Pulse from Ryan Gustafson

January 03, 2024 | 7:44 pm

C

GS

Manhattan's office attendance is rebounding, with visits to office buildings rising above the national average. Goldman Sachs Group Inc (GS) and Citigroup Inc (C) have seen significant increases in office visits due to strict return-to-office policies. The trend towards hybrid work is evident, with more employees coming in midweek. Recovery rates vary by neighborhood, influenced by factors like industry and commuting distances. Subway usage is recovering, indicating a return to pre-pandemic commuting patterns. This resurgence has implications for various stakeholders, including local businesses and real estate.

Portfolio Pulse from AJ Fabino

January 03, 2024 | 5:34 pm

EVO

Evotec SE has announced a CEO transition with Dr. Werner Lanthaler stepping down for personal reasons. Dr. Mario Polywka, former COO and current Supervisory Board member, will serve as interim CEO. The company has confirmed its guidance for 2023.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 5:32 pm

SASI

Sigma Additive Solutions, Inc. (NASDAQ:SASI) shares surged after announcing the completion of NextTrip Holdings acquisition and appointing Bill Kerby as the new CEO. The company also secured a U.S. patent for defect detection in additive manufacturing systems. SASI's stock price increased by 51.9% to $4.40.

Portfolio Pulse from Erica Kollmann

January 03, 2024 | 4:39 pm

MZDAY

Mazda North American Operations reported a record December with sales of 39,518 vehicles, a 44.8% increase YoY. FY23 sales also rose to 363,354 vehicles, up 23.2% YoY. The CX-50, CX-5, and CX-30 models achieved best-ever December sales. Mazda's CX-90 started U.S. sales in March and won the Good Housekeeping 2024 Family Travel Award. Tom Donnelly became President and CEO in April. Mazda Toyota Manufacturing celebrated its fifth anniversary. All tested Mazda vehicles earned the IIHS 2023 TOP SAFETY PICK, with the CX-90 receiving the TOP SAFETY PICK+ after the first U.S. crash test. Mazda Canada and Mazda Mexico also reported sales increases in December and FY23.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:49 pm

DIS

The Walt Disney Company (NYSE:DIS) has partnered with ValueAct Capital for strategic counsel ahead of its 2024 annual shareholder meeting. ValueAct is expected to support Disney against a potential proxy battle with activist investor Nelson Peltz. Disney's CEO Bob Iger has expressed confidence in ValueAct, which has been in communication with Disney for over a decade and is now one of its largest stakeholders. The partnership is seen as a strategic move to address Peltz's demands for cost reduction and improvements in Disney's streaming services.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 3:35 pm

BLBD

Blue Bird Corporation (NASDAQ:BLBD) has delivered 23 electric school buses to Carter County Schools in Kentucky, funded by a $9 million grant from the EPA's Clean School Bus Program. The new Vision electric buses feature extended range, faster charging, and increased seating capacity. Blue Bird, a leader in electric and low-emission school buses, has over 1,500 electric buses in operation and is the only U.S.-owned school bus manufacturer in the U.S.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:14 pm