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BABA

Alibaba Group Holding Ltd (NYSE:BABA) shares are trading lower after announcing Eddie Wu as the new CEO and the continuation of its restructuring plan. Joe Tsai will take over as the group's chairman, while Daniel Zhang will focus on the company's cloud intelligence business.

Portfolio Pulse from Benzinga Newsbot

June 20, 2023 | 8:52 am

INFY

Infosys has collaborated with ATP to launch a digital Carbon Tracker within the ATP PlayerZone app, aimed at making tennis more environmentally responsible by enabling players to track and offset their carbon emissions during travel.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 8:42 am

BABA

EM

FDX

LZB

NKLA

FedEx, Alibaba, La-Z-Boy, Nikola, and Smart Share Global are stocks to watch on Tuesday. FedEx is expected to report quarterly earnings of $4.89 per share on revenue of $22.77 billion. Alibaba announced Eddie Wu as the new CEO. La-Z-Boy is expected to report earnings of 72 cents per share on revenue of $533.03 million. Nikola plans to lay off 270 employees. Smart Share Global is expected to post a quarterly loss of 2 cents per share on revenue of $114.09 million.

Portfolio Pulse from Lisa Levin

June 20, 2023 | 8:09 am

BABA

Alibaba Group announced Eddie Wu will succeed Daniel Zhang as CEO in a surprise move, while Joe Tsai will become the group's chairman. The changes will take effect on September 10. Zhang will continue to lead the Alibaba Cloud Intelligence Group as chairman and CEO.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 6:16 am

HHS

Harte Hanks Inc. (NASDAQ:HHS) has appointed Kirk Davis as its new CEO, effective June 19, 2023. Davis, who has a track record of results-driven leadership at Metro Corp. and GateHouse Media, will succeed Brian Linscott.

Portfolio Pulse from Happy Mohamed

June 19, 2023 | 11:33 pm

CURLF

Bernard Noble, a victim of cannabis criminalization, shares his story and the positive impact of legal cannabis on his life. He has partnered with Curaleaf and Fab 5 Freddy to create the B NOBLE cannabis brand, which is now available in nine states.

Portfolio Pulse from Benzinga Cannabis Contributors

June 19, 2023 | 4:57 pm

GOOG

GOOGL

YouTuber MrBeast is urging YouTube to adopt a Twitter-like feature, Community Notes, to combat the issue of photoshopped thumbnails. Netizens are joining forces to request YouTube, owned by Alphabet Inc., to implement this feature to provide context to misleading or fake information.

Portfolio Pulse from Ananya Gairola

June 19, 2023 | 2:30 pm

TSLA

Elon Musk revealed at the Viva Tech conference that he initially estimated a 10% chance of success for Tesla and SpaceX. He also shared that SpaceX's origin was not about building rockets, but rather a philanthropic mission to Mars called Mars Oasis. SpaceX has now completed 240 launches.

Portfolio Pulse from Anan Ashraf

June 19, 2023 | 12:26 pm

AZN

FXI

AstraZeneca is reportedly drafting a plan to spin off its China business, according to the Financial Times. This move could potentially unlock value for the company and its shareholders.

Portfolio Pulse from Charles Gross

June 19, 2023 | 1:26 am

MSFT

Companies are finding it difficult to bring employees back to offices amid the COVID-19 pandemic. Trials on a four-day workweek have been conducted globally and received positive feedback. Microsoft Corp. (NASDAQ:MSFT) tested a shorter workweek in Japan in 2019 and found that productivity jumped by 40% and employees took less time off.

Portfolio Pulse from Shanthi Rexaline

June 17, 2023 | 7:33 pm