Streetbeat News

Corporate Responsibility

CVX

Chevron has announced its capital expenditure budget for 2024, setting it at $16 billion. This financial plan outlines the company's intended investments and spending for the upcoming year, which is crucial information for investors as it reflects the company's strategic priorities and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:09 pm

CCI

Elliott Management has expressed approval of the new leadership transition at Crown Castle, indicating it as a positive step. Elliott looks forward to further dialogue with Crown Castle's board about additional necessary actions.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:08 pm

KSS

LEVI

Levi Strauss & Co (NYSE:LEVI) announced that CEO Chip Bergh will retire on April 26, 2024. Michelle Gass, former CEO of Kohl's Corporation (NYSE:KSS), will succeed him as president and CEO starting January 29, 2024. Bergh will become executive vice chair of the board until his retirement and then serve as a senior advisor until the end of the fiscal year 2024. Bergh is credited with taking Levi Strauss public in 2019 and expanding its brand portfolio.

Portfolio Pulse from Shivani Kumaresan

December 08, 2023 | 11:38 am

AMZN

MSFT

Bill Gates, co-founder of Microsoft, acknowledged he underestimated the internet's role in connecting people with false beliefs. Speaking at a fireside chat, he admitted his initial vision of the internet fostering rational debate was incorrect, citing the rise of groups like QAnon. Despite this, Gates remains optimistic about the future and the potential of AI to solve problems like labor shortages, advocating for its regulation. The article also mentions Amazon's action against QAnon-related products.

Portfolio Pulse from Benzinga Neuro

December 08, 2023 | 10:31 am

LANV

Lanvin Group has announced the immediate appointment of Eric Chan as the new CEO, replacing Joann Cheng. Additionally, Huang Zhen has been appointed as the new Chairman of the Group.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 10:04 am

AAPL

FXI

HNHPF

INDA

According to The Wall Street Journal, Apple and its suppliers are planning to produce over 50 million iPhones in India annually. This move is part of a strategy to diversify production outside of China. The report cites sources familiar with the matter, indicating a significant shift in Apple's manufacturing strategy.

Portfolio Pulse from Charles Gross

December 08, 2023 | 9:55 am

AMZN

Amazon.com Inc. (NASDAQ:AMZN) has filed a lawsuit against the REKK group and about 30 individuals for conducting a refund scam, resulting in millions of dollars in losses. The scam involved purchasing items and requesting refunds without returning them. Amazon's lawsuit details over a dozen fraudulent transactions involving high-value items. The company has invested $1.2 billion and employed 15,000 people to fight fraud, and the lawsuit is part of its broader efforts to secure its platform.

Portfolio Pulse from Ananya Gairola

December 08, 2023 | 9:16 am

FFIE

Faraday Future Intelligent Electric (FFIE) is set to deliver two more of its FF 91 2.0 Futurist Alliance electric vehicles. One vehicle will be delivered to a long-time employee, while the second will go to Motev, a company specializing in sustainable luxury transportation services. The agreement with Motev aligns with both companies' commitment to environmental priorities and customer service, and represents progress in Faraday Future's B2B business strategy.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:55 am

META

Meta Platforms Inc. (NASDAQ:META) has launched 'Purple Llama,' a project aimed at promoting the ethical development of AI by providing developers with tools and evaluations for creating responsible AI. The project includes 'Llama Guard,' a model to prevent the generation of risky content, and features permissively licensed components for cybersecurity and input/output safeguards. This initiative aligns with Meta's focus on AI, as demonstrated in their annual Connect conference and the earlier launch of LLaMA for AI research.

Portfolio Pulse from Benzinga Neuro

December 08, 2023 | 6:48 am

TSLA

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk acknowledged the need to improve after Tesla owners expressed dissatisfaction with the upcoming holiday software update. Owners are requesting features like boombox use while driving, customizable reverse sounds, and fixes for autowipers. The holiday update is expected to include a trip planner on mobile app, Apple podcasts, and automatic 911 calls, but has been criticized for lacking significant improvements compared to past updates.

Portfolio Pulse from Anan Ashraf

December 08, 2023 | 4:09 am