Streetbeat News

Corporate Responsibility

BRBS

Brian Plum, the President and CEO of Blue Ridge Bankshares Inc, has announced his resignation according to a SEC filing.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 12:35 pm

LIN

Linde has signed two major agreements in Brazil for the supply of renewable energy. The details of the agreements and their potential impact on the company's operations and financial performance were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 10:37 am

MTAL

Metals Acquisition Limited (MAC) has appointed Dan Vujcic as interim CFO, replacing Jaco Crouse who has left the company. The Board of Directors has begun a search for a permanent CFO.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 10:02 am

META

SNAP

Mark Zuckerberg, CEO of Meta Platforms Inc., has reportedly obtained his student pilot certificate, joining the ranks of other tech CEOs like Elon Musk and Snap Inc.'s Evan Spiegel who also have piloting skills. This news comes amidst Zuckerberg's other pursuits, such as jiu-jitsu and MMA fighting, and the launch of Meta's Threads app, which gained 100 million users in five days but has since seen a decline in daily active users and app usage time.

Portfolio Pulse from Ananya Gairola

July 17, 2023 | 6:58 am

AAPL

Apple Inc.'s Vision Pro team has reportedly deviated from Steve Jobs' management approach. The team, known as the Vision Products Group (VPG), has been an independent division within Apple since 2015, boasting its own teams for software engineering, hardware development, strategy, computer vision, content, app development, and project management. The name change from TDG to VPG implies a more permanent structure, suggesting that the Vision Pro headset is the first of many products in the pipeline. Despite a lukewarm reception due to its high price point, Apple is reportedly developing a more budget-friendly version of the headset.

Portfolio Pulse from Ananya Gairola

July 17, 2023 | 4:15 am

TSLA

TWTR

Tesla CEO Elon Musk has warned that he would unfollow any Twitter account that keeps posting about him being a follower. This comes after a Twitter user posted about Musk following their account and subscribing to their content. Musk is known to subscribe to various influencers on Twitter, with a reported 89 subscriptions as of the end of June. Twitter recently rebranded its 'Super Follows' feature to 'Subscriptions', allowing users to monetize their content.

Portfolio Pulse from Benzinga Neuro

July 17, 2023 | 2:48 am

DIS

This week's political events included revelations from Trump's ex-lawyer, potential implications for Disney due to Florida's Governor's policies, cancellations faced by My Pillow due to its owner's political stance, the White House reaching out to North Korea after a missile threat, and Russia's controversial actions in Ukraine.

Portfolio Pulse from Benzinga Neuro

July 16, 2023 | 12:05 pm

COTY

DIS

IMAX

The latest edition of Benzinga Buzz discusses various entertainment news including the ongoing issues in Hollywood, the criticism of Walt Disney Co. CEO Bob Iger by SAG-AFTRA president Fran Drescher, and concerns about the use of AI in the film industry. It also mentions Coty Inc's issue with Kim Kardashian, Imax Corp's agreement to buy a Chinese subsidiary for $124 million, and the impact of AI on actors.

Portfolio Pulse from Anthony Noto

July 15, 2023 | 3:16 pm

DIS

Former Secretary of Labor, Robert Reich, criticized Disney CEO Bob Iger over the ongoing Hollywood strike. Reich accused CEOs of pretending they can't afford to pay workers fairly while earning millions themselves. The Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA) failed to reach a deal with producers on pay and the impact of artificial intelligence on film studios and streaming services, leading to a double-strike. Disney recently extended Iger’s contract through 2026, with the opportunity to receive an annual incentive bonus of five times his base salary.

Portfolio Pulse from Anan Ashraf

July 15, 2023 | 7:14 am

LEN

Lennar Corporation (NYSE:LEN) announced the retirement of Rick Beckwitt, Co-CEO and Co-President, effective September 1, 2023. Beckwitt, who has been with Lennar for 17 years, will also resign from the Board of Directors. Stuart Miller will continue as Executive Chairman and will additionally become Co-CEO, leading Lennar in partnership with Jon Jaffe, Co-CEO and President.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 8:32 pm