Streetbeat News

Corporate Responsibility

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Unity Software has announced a CEO transition, which has led to its shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:28 pm

NOGN

Nogin (NASDAQ:NOGN) has announced its exit from the product sales business, transitioning to a pure-play Commerce-as-a-Service (CaaS) business by the end of 2023. The company has finalized agreements with various parties to complete this transition. The move is expected to have favorable impacts on Nogin's income statement and balance sheet, and enable growth in customer relationships and businesses.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:14 pm

ITGR

Integer Holdings Corporation has appointed Diron Smith as the Executive Vice President and Chief Financial Officer, effective from October 9, 2023. Smith, who currently serves as the company's Vice President and Interim CFO, joined the company in August 2021. He previously held various finance roles at Tiffany & Co. and General Electric. Smith will receive an annual base salary of $440,000, along with other benefits.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:06 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher amid reports of China planning to increase its computing power and considering raising its budget deficit for 2023. Alibaba plans to invest $274 million to aid medium and small-sized merchants during Singles Day. The company is also reintroducing its live-streamed evening gala on Singles Day. Alibaba's president of strategic planning, Chen Long, has resigned, sparking speculations of him starting his own business.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 11:50 am

HON

Honeywell (NASDAQ:HON) has announced plans to realign its business into three segments: automation, the future of aviation, and energy transition. This restructuring is expected to accelerate organic sales growth and inorganic capital deployment, creating greater value for shareholders. The new segmentation will take effect from the first quarter of 2024.

Portfolio Pulse from Charles Gross

October 10, 2023 | 10:26 am

HTZ

TYGO

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Several stocks including Unity Software, Hertz Global Holdings, MorphoSys, Tigo Energy, Nokia, Kingsoft Cloud Holdings, Prudential, and Oatly Group are trading higher in Tuesday's pre-market session. Unity Software announced a CEO transition, causing its shares to surge by 6.7%. Hertz Global, which is scheduled to report its Q3 2023 financial results on Oct. 26, 2023, gained 5.6%. Tigo Energy shares, which fell around 29% on Monday, gained 5.5% after the company announced preliminary Q3 revenue below prior estimates.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 10:09 am

BTCUSD

ETHUSD

In response to the escalating conflict in Israel, the Tel Aviv crypto community has launched a Crypto Aid Israel initiative to gather funds for Israelis affected by the conflict. The initiative includes a multi-sig wallet that accepts contributions in Bitcoin, Ethereum, USDT, and USDC. Fireblocks is providing expertise in managing these crypto assets. The initiative is being supported by notable figures in the Web3 community and is working with a premier Israeli bank and several government departments to distribute the funds.

Portfolio Pulse from Bibhu Pattnaik

October 10, 2023 | 9:21 am

WPRT

Westport Fuel Systems Inc. has showcased its first hydrogen-powered heavy truck in Spain. This marks a significant milestone in the company's efforts to promote clean energy solutions in the transportation sector.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 6:38 am

DAL

LMT

PLTR

TSLA

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US stocks showed positive momentum with the Dow Jones surging by nearly 200 points. Lockheed Martin's shares increased by 8.93% amid the ongoing Middle East conflict. Unity Software's stock declined by 1.49% following a CEO transition. Delta Air Lines' shares dropped by 4.65% as flights to Israel were suspended due to the Israel-Hamas conflict. Palantir Technologies saw a 6.02% increase due to heightened focus on security and surveillance. Tesla's stock slightly declined by 0.33% due to reports of slipping sales of China-made EVs.

Portfolio Pulse from Benzinga Neuro

October 10, 2023 | 1:49 am

XRPUSD

Bitmain, a Bitcoin ASIC manufacturer, reportedly held back salary payments for September and cut all bonuses and incentives for its staff. However, it later repaid the wages and stated that it only did not pay the performance salary of some people. Ripple's CFO Kristina Campbell announced her exit from the company to join Maven Clinic. This comes after Ripple's legal battle with the U.S. SEC over its sales of the XRP token.

Portfolio Pulse from Khyathi Dalal

October 09, 2023 | 9:54 pm