Streetbeat News

Corporate Responsibility

UNFI

United Natural Foods (UNFI) announced a regional restructuring plan to drive efficiency and enable a customer-centric strategy and transformation plan, following previous leadership changes.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 8:31 pm

BUD

TGT

Mark Cuban believes that companies embracing 'woke' ideology, such as Anheuser-Busch InBev (NYSE:BUD) and Target Corporation (NYSE:TGT), are making a good business decision despite facing social media boycotts and dips in sales. Cuban called the dip in sales and share prices 'meaningless' and said that people want to do business with companies that care about their customers.

Portfolio Pulse from Chris Katje

June 13, 2023 | 8:11 pm

BP

CVE

A preliminary report by the U.S. Chemical Safety and Hazard Investigation Board suggests that supervisors at the Ohio BP-Husky refinery ignored warning signs and continued to run the plant despite malfunctions and a petroleum spill, leading to a fatal accident that killed two workers last year. Cenovus Energy Inc (NYSE:CVE) acquired the remaining 50% of the Toledo Refinery for $300 million from BP plc (NYSE:BP) in February 2023.

Portfolio Pulse from Vandana Singh

June 13, 2023 | 6:51 pm

ACHR

Archer Aviation has appointed former acting FAA Administrator Billy Nolen as Chief Safety Officer, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 6:15 pm

AMD

AMD CEO Lisa Su announced Genoa as 'the best CPU for AI' at the company's Data Center and AI Technology Premiere. She unveiled AMD's latest offerings, including their newest epic data center processors and upcoming Instinct accelerators. Su emphasized the importance of sustainability in modern data centers and stated that Genoa delivers up to 1.8 times more performance per watt.

Portfolio Pulse from Michael Cohen

June 13, 2023 | 5:30 pm

MSFT

OpenAI announced a 75% cost reduction on its embeddings model, making systems more efficient and passing the savings on to developers, effective today.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 5:08 pm

WMT

Walmart plans to build its first owned and operated case-ready beef facility in Olathe, Kansas, opening in 2025. The facility is expected to create over 600 jobs and will package and distribute Angus cuts from Sustainable Beef LLC to serve stores across the Midwest.

Portfolio Pulse from Shivani Kumaresan

June 13, 2023 | 4:52 pm

HD

Home Depot Inc announced during its Investor Day that it is committed to reducing costs by approximately $500 million, with the full impact to be realized in fiscal 2024.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 3:23 pm

CWBHF

CWEB

Charlotte's Web Holdings (OTCQX:CWBHF) (TSX:CWEB) responded to demands from Joel and Jesse Stanley to replace a majority of board members, including all but one independent board member, with four individuals selected by them. The company highlighted the significant conflicts of interest and circumvention of vetting procedures in their demands.

Portfolio Pulse from Vuk Zdinjak

June 13, 2023 | 2:36 pm

USB

A U.S. Bancorp executive stated that the company is reducing cash balances now that the debt ceiling issue has been resolved temporarily.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 2:26 pm