Streetbeat News

Corporate Responsibility

AIG

American International Group (AIG) is consolidating and expanding its operations in the Atlanta area by relocating its Alpharetta and Buckhead offices to a new innovation hub in Brookhaven, Georgia.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 11:56 am

BA

Boeing's CEO acknowledged a loss of trust in the company but highlighted a significant backlog of approximately $500 billion. This indicates potential future revenue despite current challenges.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 11:32 am

BA

Boeing's CEO has emphasized the need for a 'fundamental culture change' within the company. This statement highlights potential internal challenges and a focus on restructuring corporate culture.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 11:31 am

AMZN

GOOG

GOOGL

Anthropic, backed by Google and Amazon, has unveiled upgrades to its AI model Claude, introducing features that allow human-like computer interaction. This development raises concerns about AI's impact on employment, with discussions on Universal Basic Income as a potential solution.

Portfolio Pulse from Pooja Rajkumari

October 23, 2024 | 8:04 am

META

TSLA

Jack Sweeney, known for tracking private jets of celebrities like Elon Musk and Taylor Swift, has had his accounts suspended on Meta's platforms due to safety concerns. Despite privacy issues, Sweeney is frustrated with the lack of communication from Meta and suspects influence from public figures. He continues his activities on X and plans to focus on his website.

Portfolio Pulse from Rounak Jain

October 23, 2024 | 7:38 am

TSLA

Elon Musk revealed that Tesla and SpaceX began manufacturing in California due to his residence there, despite higher costs and not because of state support. Musk criticized California's policies, leading to Tesla's headquarters moving to Texas. Competitors like Boeing and Lockheed Martin have relocated manufacturing to lower-cost states.

Portfolio Pulse from Anan Ashraf

October 23, 2024 | 6:07 am

META

Meta Platforms Inc. (NASDAQ:META) has suspended social media accounts that track flights of celebrities, including Elon Musk, on its platforms Threads and Instagram. The decision, based on a recommendation from Meta's Oversight Board, aims to remove private residential information to prevent potential harm. This move has sparked criticism regarding Meta's transparency and consistency in policy enforcement.

Portfolio Pulse from Chris Katje

October 22, 2024 | 11:08 pm

DOUG

Douglas Elliman Inc. announced a leadership transition with Howard M. Lorber retiring as President, CEO, and Chairman. Michael Liebowitz has been appointed as the new Chairman and CEO.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 9:04 pm

AIRT

Air T has appointed Tracy Kennedy as its new CFO, effective October 16, 2024. Kennedy has been with the company for over six years, holding various roles including Director of Accounting, Corporate Controller, and Chief Accounting Officer.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 8:26 pm

CDXS

Codexis announced that Sriram Ryali has ceased to serve as CFO and Principal Financial and Accounting Officer effective September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 8:08 pm