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PTON

SPY

Business Insider's Emily Stewart suggests that Peloton Interactive Inc (NASDAQ:PTON) is facing significant challenges, potentially marking the end of its popularity. Despite the overall market hitting new highs, Peloton's stock has plummeted over 97% from its peak. The company struggles with declining demand, production issues, and leadership changes. Meanwhile, the SPDR S&P 500 Trust ETF (NYSE:SPY) continues to perform well.

Portfolio Pulse from Aaron Bry

May 16, 2024 | 9:38 pm

T

AT&T announced that all 11 nominees to its board of directors have been re-elected for a one-year term.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 9:31 pm

BHR

Blackwells Capital LLC, a shareholder of Braemar Hotels & Resorts Inc., has issued a response to Braemar's Chairman Monty J. Bennett's campaign, addressing attacks on Blackwells' track record as an advocate for public company shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 9:29 pm

CRUS

J

Jacobs has appointed Venk Nathamuni as its new CFO, effective June 3, 2024. Nathamuni previously served as the CFO at Cirrus Logic.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 9:01 pm

GIL

Browning West announced the dismissal of all lawsuits brought by Gildan Activewear's board. Both the Quebec Superior Court and the Financial Markets Administrative Tribunal found the lawsuits to be without merit. This dismissal is seen as a win for shareholder rights ahead of the May 28th annual meeting.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:47 pm

CRUS

Cirrus Logic announced the resignation of CFO Venk Nathamuni, effective May 24, 2024, as he pursues an opportunity outside the semiconductor industry. Ulf Habermann, the Principal Accounting Officer, has been named interim CFO to ensure a smooth transition while a search for a new CFO is conducted.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:46 pm

BRP

The Baldwin Group, formerly known as BRP Group, Inc., will change its ticker symbol from 'BRP' to 'BWIN' on May 20, 2024, to align with its rebranding.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:32 pm

TNP

TEN Ltd. (NYSE:TNP) has delivered six environmentally friendly vessels since the beginning of 2024, with an additional vessel expected by the end of May. These vessels are employed on time-charter contracts with profit-sharing provisions, expected to generate minimum gross revenues of over $200 million. The company aims for a full 'green' fleet by 2030.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:29 pm

ERAS

Erasca has announced a reduction in its workforce by approximately 18% as part of a strategic reprioritization. The layoffs primarily affect employees working in drug discovery functions or on deprioritized programs.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:29 pm

CPOP

Pop Culture Group's CFO Renrong Zhu has resigned as of May 10, and Yunzhu Chen has been appointed as the new CFO.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:24 pm