Streetbeat News

Corporate Responsibility

TSLA

A Swedish court ruled that the country's transport authority must deliver license plates to Tesla Inc (NASDAQ: TSLA) within seven days or face a fine, despite a strike by postal workers. The strike, led by IF Metall union, has seen various workers' groups refusing services to Tesla, but the company claims over 90% of its employees remain in their positions. Tesla's Model Y is the best-selling car model in Sweden this year, and the company has been operating in Sweden since 2013.

Portfolio Pulse from Anan Ashraf

November 28, 2023 | 4:18 am

AMZN

COIN

GM

MSFT

TSLA

Coinbase, GM, Amazon, Tesla, and Microsoft are the top five stocks on investors' radar after U.S. stocks dipped but recovered slightly in after-hours trading. Coinbase rose due to Bitcoin's new high and Argentina's pro-crypto president. GM plans to relaunch Robotaxi services after safety improvements. Amazon became the largest U.S. delivery service by volume. Tesla's Model Y is projected to be Europe's top-selling vehicle, and Microsoft's AI and cloud computing strength continue to attract investors.

Portfolio Pulse from Ramakrishnan M

November 28, 2023 | 4:04 am

META

Meta Platforms Inc. (NASDAQ:META) has lost an appeal in a privacy dispute with the U.S. Federal Trade Commission (FTC). The U.S. District Court for the District of Columbia rejected Meta's request to intervene in the case concerning the Messenger Kids app. The FTC had previously charged Meta with deceiving parents about their children's communication options on the app and suggested revising a 2019 settlement that included a $5 billion payment by Facebook. Meta, which relies heavily on digital ads for revenue, called the FTC's charges baseless and is considering further legal actions. This legal issue adds to ongoing concerns about harmful content on Meta's platforms, including hate speech and misinformation, as well as safety measures for teenagers on Instagram.

Portfolio Pulse from Ananya Gairola

November 28, 2023 | 2:21 am

AMZN

Amazon.com Inc. (NASDAQ:AMZN) is reportedly in search of approximately 50,000 square feet of office space in Miami, coinciding with founder Jeff Bezos's planned move to Florida. An Amazon spokesperson confirmed the search but stated it began before Bezos's announcement. Miami's office market is thriving, with demand from tech and financial sectors surpassing pre-pandemic levels. Bezos, who stepped down as CEO in 2021, has purchased properties in Miami and has significant wealth tied to his Amazon stake.

Portfolio Pulse from Ananya Gairola

November 28, 2023 | 1:17 am

RAVE

Rave Restaurant Group's CFO, Clinton Fendley, has resigned effective December 1, 2023, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 11:01 pm

XXII

22nd Century Group, Inc. (XXII) has entered into an agreement to sell the majority of its GVB Biopharma Hemp/Cannabis operations. The deal includes a $1 million cash payment at closing and a 12% secured promissory note for $1.25 million, payable in six monthly installments starting from the fourth month post-closing. The company intends to use the sale proceeds to reduce its debt.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:46 pm

SRE

Sempra has announced the promotion of Karen L. Sedgwick to the position of Executive Vice President and CFO, effective January 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:41 pm

SRE

Trevor I. Mihalik, currently the Executive Vice President and CFO of Sempra, has been appointed to the position of Executive Vice President and Group President, effective January 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:40 pm

ZIM

ZIM Integrated Shipping Services Ltd. has announced that it will re-route some of its vessels serving the East Mediterranean and Israeli ports due to threats in the Arabian and Red Seas. This decision is a proactive measure to protect the safety of its crews, vessels, and customers' cargo, although it will result in longer transit times for the affected services.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:12 pm

FTHM

Fathom Holdings Inc. (NASDAQ:FTHM), through its subsidiary Fathom Realty, announced a revised agent commission structure expected to add $3.1M to its EBITDA in 2024. The changes include an increase in the annual fee from $600 to $700 and a new 'High-Value Property Fee' for properties over $600,000, which adds $200 to $250 based on the property price. The company believes these changes will minimally impact agents while aiding Fathom's growth objectives.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:10 pm