Streetbeat News

Corporate Responsibility

VOD

Vodafone has appointed Luka Mucic as its new CFO, replacing interim CFO Margherita Della Valle.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 9:16 am

NKLA

A Nikola Corp (NASDAQ:NKLA) truck that caught fire last month reignited again at the company's headquarters in Phoenix, Arizona. The company stated that the trucks were at the headquarters for safety monitoring and ongoing investigations. The cause of the fire remains officially 'undetermined', but Nikola's engineering team and a contracted third party are still investigating the incident.

Portfolio Pulse from Anan Ashraf

July 24, 2023 | 6:19 am

CVX

Chevron has waived the mandatory retirement age for its CEO, Mike Wirth, and has appointed Eimear Bonner as CFO, effective from March 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 5:25 am

DOGEUSD

TWTR

Elon Musk has changed his title from 'Chief Twit' to 'Chief Nothing Officer' amid speculations about Twitter's rebranding to X.com. Musk, who acquired Twitter in October 2022, had previously hinted at the app 'X' as an ambitious 'everything app' linked to the $44 billion deal. The iconic bird logo of Twitter is also set to be changed, as confirmed by Musk.

Portfolio Pulse from Ananya Gairola

July 24, 2023 | 1:50 am

AMZN

GOOG

GOOGL

META

Amazon has implemented a 'return-to-hub' policy, requiring employees to relocate near their teams' designated 'hub' offices. Those who refuse to comply will have to find a new job internally or leave the company through a 'voluntary resignation'. The policy has sparked internal resistance and petitions for its reversal. Other tech companies like Meta Platforms and Alphabet have also urged employees to resume office work.

Portfolio Pulse from Ananya Gairola

July 22, 2023 | 6:19 am

AMZN

Amazon is requiring its corporate workers to return to the office three days a week, signaling a stricter return-to-office stance. The company is urging employees to return to their 'main hubs'.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 6:54 pm

IIPR

Goodblend Pennsylvania LLC, a subsidiary of Parallel Cannabis, is exiting the medical marijuana market in Pennsylvania due to financial difficulties and a legal dispute with its landlord, Innovative Industrial Properties Inc. (NYSE:IIPR). The company is closing two dispensaries and a processing facility, resulting in the layoff of 76 employees. Parallel also announced a research partnership with the University of Pittsburgh to study the safety and efficacy of medical cannabis.

Portfolio Pulse from Jelena Martinovic

July 21, 2023 | 6:19 pm

PCYO

Pure Cycle Corporation (NASDAQ:PCYO) has appointed Marc Spezialy as its new Vice President, Chief Financial Officer, Principal Accounting Officer and Principal Financial Officer. Spezialy brings over 19 years of experience in accounting and finance, having served in senior roles at Pulte Mortgage LLC, Alviere, and Equinox.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 5:30 pm

AMZN

GOOG

GOOGL

META

MSFT

Seven tech giants including Alphabet Inc., Amazon Inc., Microsoft Corp., and Meta Platforms Inc. have pledged to adhere to voluntary guidelines to mitigate risks associated with artificial intelligence (AI). This move is part of the Biden administration's efforts to regulate AI technology. The companies will implement safety measures, share information on managing AI risks, and develop mechanisms to inform users when content is AI-generated. They will also publicly report their AI systems’ capabilities and limitations. The Biden-Harris administration is also developing an executive order and pursuing bipartisan legislation to further regulate AI technology.

Portfolio Pulse from Piero Cingari

July 21, 2023 | 3:31 pm

CWH

Camping World Holdings Inc (CWH) has expanded its RV Inventory Floor Plan Facility by $150 million, increasing the total borrowing capacity to $1.85 billion. This amendment is expected to provide additional financial and operational flexibility for the company's growth strategy.

Portfolio Pulse from Shivani Kumaresan

July 21, 2023 | 3:29 pm