Streetbeat News

Corporate Responsibility

GME

GameStop reported worse-than-expected Q1 results, causing its shares to trade lower. The company also announced the appointment of Ryan Cohen as executive chairman and the termination of its former CEO.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 8:35 pm

HCP

HashiCorp announced targeted cuts in discretionary spending and a workforce reduction of approximately 8%. The company aims to optimize its cost structure and improve operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 8:34 pm

ONCR

Oncorus Inc has appointed Brian Shea as Interim CEO and President, and Theodore Ashburn as Chairman of the Board, replacing Mitchell Finer.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 8:17 pm

GME

GameStop has announced the election of Ryan Cohen as its Executive Chairman. Cohen, the co-founder of Chewy, has been pushing for a digital transformation of the company.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 8:05 pm

DLO

DLocal has appointed Sergio Fogel as Co-President and Chief Strategy Officer. Key shareholders, including General Atlantic, Sergio Fogel, Andres Bzurovski, and Eduardo Azar, have purchased an aggregate amount of about $160 million of DLO's common shares.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 8:04 pm

JBLU

JetBlue is actively monitoring the air traffic impacts due to wildfire smoke and haze in the Northeast, which may affect flight schedules.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 7:38 pm

META

Researchers have found that Meta Platforms-owned Instagram connects users to child-sex content sellers and promotes pedophile networks through its algorithms. Meta acknowledged the issue and set up an internal task force to address it. The company has taken down 27 pedophile networks in the past two years and removed 490,000 accounts in January alone.

Portfolio Pulse from Anusuya Lahiri

June 07, 2023 | 6:34 pm

FSR

Fisker shares are trading higher after the company announced it is selling emission credits to a major automaker ahead of its first US delivery.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 5:20 pm

STX

Seagate Technology (STX) will participate in the Bank of America 2023 Global Technology Conference on Wednesday, June 7, 2023, at 1:00 PM ET. Following the announcement, STX shares moved lower.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 5:07 pm

DB

Deutsche Bank (NYSE:DB) is streamlining its mortgage unit, which may result in job cuts through attrition and reassignments. The bank aims to achieve incremental cost savings of €2.5 billion by reducing non-client-facing staff and simplifying the mortgage platform.

Portfolio Pulse from Nabaparna Bhattacharya

June 07, 2023 | 5:03 pm