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RIVN

Rivian Automotive customers have reported concerns about battery drain when vehicles are left idle, known as vampire or phantom drain. A Reddit user compared the battery drain of their Rivian with a Kia EV6, noting a 20% drop in Rivian's state of charge compared to 1% for the Kia. Rivian's VP of Software Development acknowledged the issue and reassured that the company would investigate.

Portfolio Pulse from Anan Ashraf

June 07, 2023 | 12:30 pm

MARA

VERB

Marathon Digital Holdings has appointed Salman Khan as its new CFO, replacing retiring CFO Hugh Gallagher. Khan previously served as CFO for Verb Technology Company.

Portfolio Pulse from Lekha Gupta

June 07, 2023 | 11:57 am

AMZN

CRM

CSCO

OKTA

ORCL

Salesforce CEO Marc Benioff has reshuffled top management following the company's slowest quarterly revenue growth since 2010. Miguel Milano has been appointed as Chief Revenue Officer, and Ariel Kelman as Chief Marketing Officer. Salesforce is facing pressure from activist investors advocating for operational improvements and cost-control initiatives.

Portfolio Pulse from Anusuya Lahiri

June 07, 2023 | 11:32 am

LOVE

Lovesac's EVP and CFO, Donna Dellomo, is retiring and will take on a Senior Strategic Advisory role. Keith Siegner will become the new CFO effective June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 11:03 am

PEV

Phoenix Motor has named its Chairman Xiaofeng Peng as the new CEO, replacing Lance Zhou with immediate effect. Peng will continue to serve as Chairman of the Board of Directors in addition to his CEO duties.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 10:37 am

MARA

Marathon Digital Holdings has appointed Salman Khan as its new CFO. Khan previously held various roles at Verb, including interim CFO and executive vice president of corporate development and strategic planning.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 10:01 am

AAPL

CRM

META

TSLA

Salesforce has launched a limited-period initiative called 'Connect for Good' to encourage employees to return to the office. The company will donate $10 to a local charity for each day an employee comes to the office between June 12 and June 23. Salesforce expects to raise $1 million to $2.5 million through the program.

Portfolio Pulse from Shanthi Rexaline

June 07, 2023 | 9:50 am

CRM

Salesforce CEO Marc Benioff has restructured the company's top management, appointing new revenue and marketing chiefs. This move is seen as a potential succession plan.

Portfolio Pulse from Charles Gross

June 07, 2023 | 9:04 am

AAPL

Apple CEO Tim Cook revealed that he uses OpenAI's chatGPT and is excited about it, but remains concerned about potential issues like bias, misinformation, and worse. Cook emphasized the importance of being deliberate and thoughtful in AI development and deployment, and suggested that companies make their own ethical decisions.

Portfolio Pulse from Ananya Gairola

June 07, 2023 | 7:13 am

CASY

Casey's General Stores has named Darren M. Rebelez, its President, CEO, and current Director, as Board Chair, effective June 2, 2023. Rebelez succeeds H. Lynn Horak, who is retiring along with Diane Bridgewater on September 6, 2023. Judy A. Schmeling has been elected as Lead Independent Director.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 9:07 pm