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Corporate Responsibility

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The People’s Fund of Maui, initiated by Oprah Winfrey and Dwayne “The Rock” Johnson to aid victims of the Maui wildfires, is now accepting cryptocurrency donations. The fund accepts Bitcoin, Ether, and Dogecoin, among other cryptocurrencies and fiat currencies. The move highlights the growing acceptance of digital assets in mainstream philanthropy. All Hands and Hearts, a disaster relief organization, is also accepting both cryptocurrency and fiat donations for the cause.

Portfolio Pulse from Murtuza Merchant

September 01, 2023 | 4:10 pm

Ford Motor Company has issued a recall of 169,000 SUVs and other vehicles to replace faulty rear cameras. The recall could potentially impact the company's reputation and financials.

Portfolio Pulse from Bill Haddad

September 01, 2023 | 4:10 pm

BMBL

META

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RBLX

SNAP

Bumble Inc (NASDAQ: BMBL) is taking steps to combat issues related to bots, spam, ghosting, and doxing on its platforms, including Badoo. The company has introduced measures to maintain user experience integrity, including prohibiting artificial manipulation of connections, matching, conversations, or engagement. Bumble has blocked over 8.2 million accounts this year using AI-driven detection mechanisms. The company is also addressing ghosting and doxing issues, categorizing them as violations of its policies.

Portfolio Pulse from Anusuya Lahiri

September 01, 2023 | 3:05 pm

TIO

Tingo Group, Inc (NASDAQ:TIO) addressed concerns raised by Hindenburg Research in a short-seller report, but failed to satisfy the firm. The report flagged inconsistencies and red flags in Tingo's operations, including the CEO's questionable background, unverified business claims, and financial discrepancies. Despite impressive quarterly figures, Tingo's alleged relationships with suppliers and cooperatives, as well as its financial figures, raise skepticism. TIO shares traded lower by 11.2% premarket on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

September 01, 2023 | 2:55 pm

WBA

Walgreens announced that CEO Rosalind Brewer will step down immediately. The company also expects its FY23 adjusted EPS to be at or near the low end of its previously stated range.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 2:54 pm

OLN

Olin Corporation announced that its President, CEO, and Chairman of the Board, Scott Sutton, will step down from his positions in the first half of 2024. Following the announcement, Olin's shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 1:30 pm

AMZN

Amazon.com, Inc (NASDAQ:AMZN) and its board, including Jeff Bezos, are being sued by an institutional investor, the Cleveland Bakers and Teamsters Pension Fund, over launch contracts awarded to Bezos' space company, Blue Origin. The lawsuit alleges that Amazon's board approved the launch agreements for Project Kuiper without considering competitor SpaceX. The suit also claims that Amazon's directors spent less than 40 minutes approving the launch contracts, funneling money to Bezos' struggling rocket company without proper due diligence.

Portfolio Pulse from Anusuya Lahiri

September 01, 2023 | 1:08 pm

WBA

Walgreens Boots Alliance Inc's CEO, Rosalind Brewer, has agreed to step down as CEO and board member as of August 31, 2023. The board has appointed Ginger Graham, the current Lead Independent Director of WBA, as the interim CEO. Walgreens' shares have lost about 47% of their value since March 2021. The company expects FY23 adjusted EPS to be at or near the low end of its previously stated range.

Portfolio Pulse from Vandana Singh

September 01, 2023 | 12:38 pm

AMZN

Amazon's One Medical CEO, Amir Dan Rubin, is stepping down and will be succeeded by COO Trent Green. This comes after Amazon's acquisition of One Medical in 2022. Amazon has been venturing into healthcare with acquisitions like PillPack and the launch of Amazon Clinic. Despite opposition and obstacles, Amazon continues to push into healthcare, launching an affordable healthcare subscription service and pharmacy discounts for diabetes patients.

Portfolio Pulse from Anusuya Lahiri

September 01, 2023 | 12:35 pm

AMD

MSFT

NVDA

Mustafa Suleyman, CEO of Inflection AI, has called for restrictions on the sale of Nvidia chips to buyers who commit to using AI technology ethically. He suggests this could influence global AI practices. The US government has expanded its crackdown on Nvidia and AMD's AI chip exports to regions beyond China. Inflection AI has raised $1.3 billion from Microsoft and Nvidia.

Portfolio Pulse from Anusuya Lahiri

September 01, 2023 | 12:32 pm