Streetbeat News

Corporate Responsibility

EVER

EverQuote announces a cost reduction plan, aiming to reduce non-marketing operating expenses by over 15%. Joseph Sanborn has been appointed as the new CFO, replacing John Wagner who is leaving the company.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:08 pm

NKLA

Nikola Corp announced a headcount reduction that is expected to decrease personnel-related cash spend by over $50 million annually. The company is also restructuring its legacy Romeo business and shutting down legacy Cypress operations.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:07 pm

NKLA

Nikola Corp has taken actions to optimize and protect ongoing operations, resulting in the reduction of approximately 150 team members across multiple sites. These decisions help preserve 900 jobs.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:07 pm

IDEX

Ideanomics Inc's board has decided to discontinue operations of its subsidiary, Justly Markets LLC.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:05 pm

RMBL

RumbleON Inc (NASDAQ:RMBL) has appointed Mark Tkach as Interim CEO following the resignation of Marshall Chesrown. The company is investigating allegations surrounding Chesrown's use of company resources. RMBL has resolved outstanding proxy matters with the Coulter-Tkach Group, and its shares are trading higher by 1.31% at $10.02.

Portfolio Pulse from Shivani Kumaresan

June 16, 2023 | 2:17 pm

SPY

U.S. Secretary of State Blinken announced that the U.S. is providing $205 million in additional humanitarian assistance for the people of Ukraine, according to Reuters.

Portfolio Pulse from Happy Mohamed

June 16, 2023 | 1:31 pm

META

Meta Co has announced that its Covid-19 misinformation rules will no longer be in effect globally, but will continue to remove content violating these policies in countries with Covid emergency declarations.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 1:06 pm

MDLZ

Mondelez International plans to scale down its operations in Russia due to higher costs associated with the war with Ukraine. The company will discontinue new capital investments, product launches, and advertising media spending in Russia, and aims to make its Russian business a stand-alone entity with a self-sufficient supply chain by the end of the year.

Portfolio Pulse from Nabaparna Bhattacharya

June 16, 2023 | 12:49 pm

DSWL

Deswell Industries (NASDAQ:DSWL) announces the passing of Chairman Richard P.H. Lau and the appointment of Chin Pang Li as the new Chairman. Ben Yiu Sing Poon is appointed as interim Director.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 12:35 pm

RMBL

RumbleOn (NASDAQ:RMBL) has appointed Mark Tkach as Interim CEO and Steve Pully as Chairman of the Board, following the resignation of Marshall Chesrown. The company also reached an agreement with the Coulter-Tkach Group to resolve the ongoing proxy contest.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 12:34 pm