Streetbeat News

Corporate Responsibility

CHTR

During a conference call, Charter Communications acknowledged potential challenges in internet customer growth, including the possibility of negative net additions in Q4. The company cited short-term issues such as carryover churn related to Disney and rate impacts.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:22 pm

GBNY

Generations Bancorp NY, Inc. (NASDAQ:GBNY) has appointed Angela Krezmer as its new President & CEO, effective November 27, 2023. Krezmer, who has been with the company since 2021 as Chief Financial Officer, will also join the board of directors. She has been serving as interim Principal Executive Officer since October 16, 2023, following the passing of former President & CEO Menzo Case. Krezmer's experience includes roles at Prosper Bank (now Presence Bank) and Fairport Savings Bank.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:56 pm

ABNB

Catherine Powell, a key executive at Airbnb, is transitioning to an advisor role and will leave the company next year. Dave Stephenson has been appointed as Airbnb's first-ever Chief Business Officer.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:48 pm

BABA

JD

NTES

ByteDance is phasing out its Nuverse gaming division, laying off employees and ending gaming projects by year-end. This follows scale-backs in other sectors like education and VR. Nuverse struggled to compete with Tencent and NetEase in the gaming market, with its game 'Crystal Core' losing momentum. ByteDance will focus on information and e-commerce services, leveraging TikTok's success. ByteDance's revenue growth outpaces Tencent, and its gaming exit may improve its valuation for a potential IPO.

Portfolio Pulse from The Bamboo Works

December 05, 2023 | 4:39 pm

SCGLY

Societe Generale (OTC:SCGLY) has issued its first digital green bond on the Ethereum blockchain, worth $11 million, through its subsidiary SG-Forge. The bond, with a three-year maturity, is aimed at financing ESG-classified products and companies. It was fully subscribed by AXA Investment Managers and Generali Investments using Société Générale’s EUR CoinVertible stablecoin. The use of Ethereum's blockchain is noted for its low greenhouse gas emissions, and the bond offers transparency and efficiency in transactions.

Portfolio Pulse from Khyathi Dalal

December 05, 2023 | 4:15 pm

ADM

ADM is expanding its oilseed crush capacity in Brazil by 400,000 metric tons per year across three facilities due to strong domestic and export demand. Additionally, ADM has acquired a controlling stake in Buckminster Química, a producer of refined glycerin, to enhance its portfolio of sustainably sourced products. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:01 pm

MCOM

NIU

SPY

VLCN

NYC Mayor Adams has announced a 'Charge Safe, Ride Safe' plan, which includes a pilot program for delivery workers to safely charge lithium-ion batteries in public spaces and outside of residences. This initiative aims to support the safe use of e-bikes and prevent deadly accidents related to battery charging.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:45 pm

MMSI

Merit Medical Systems Inc (NASDAQ:MMSI) stock dropped 9.5% after announcing a plan to offer $550 million in Convertible Senior Notes due 2029. The notes will be senior unsecured obligations, convertible into cash, stock, or a combination. The interest rate will be set upon pricing. Proceeds will be used for corporate purposes, including potential acquisitions, though no specific acquisition plans are disclosed.

Portfolio Pulse from Henry Khederian

December 05, 2023 | 3:25 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) has partnered with Aerodyne, a Malaysia-based startup, to leverage Amazon Web Services (AWS) for Aerodyne's DRONOS software as a service (SaaS) platform. This collaboration targets the drone data services market, which is projected to reach $15 billion by 2030, growing at a 39% CAGR from 2023. Aerodyne, a leading drone solutions provider, operates in various industries across 45 countries. Amazon's move aligns with its strategy of integrating robotics, including drone deliveries and warehouse automation, and now adds analytics in the drone sector to its portfolio.

Portfolio Pulse from Surbhi Jain

December 05, 2023 | 3:06 pm

INTR

Inter&Co, a financial services company, has surpassed 30 million clients, indicating significant growth and progress towards its five-year business plan. This milestone suggests a strong market presence and potential for future expansion.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:05 pm