Streetbeat News

Corporate Responsibility

WMT

Walmart CEO states that the company is taking an offensive approach and making intelligent inventory choices in preparation for a potential recession.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 4:33 pm

LYB

LyondellBasell Industries plans to delay the cessation of operations at its Houston Refinery from the end of 2021 to no later than Q1 2025. The company expects the site to be part of a Houston regional hub for its Circular and Low Carbon Solutions business in the future.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2023 | 4:21 pm

STLA

Stellantis NV and Vulcan Energy Resources have signed a binding term sheet to develop geothermal projects for Stellantis' Mulhouse industrial site in France. The project aims to provide a significant portion of the site's annual energy needs starting in 2026 and represents the first joint project in France for the potential use of geothermal energy to decarbonize and localize the energy supply for Stellantis' European operations.

Portfolio Pulse from Shivani Kumaresan

May 31, 2023 | 4:08 pm

AMZN

Amazon (AMZN) stock is down amid reports of a planned walkout by 1,900 employees worldwide, protesting the company's return-to-office mandate, layoffs, and environmental record. Amazon recently eliminated its Shipment Zero climate goal and initiated significant layoffs, cutting 27,000 jobs. CEO Andy Jassy has also terminated at least 37 projects conceived during Jeff Bezos' tenure.

Portfolio Pulse from Anusuya Lahiri

May 31, 2023 | 3:48 pm

BNBUSD

BTCUSD

ETHUSD

Binance CCO Patrick Hillmann denies rumors of cutting 20% of employees as a cost-cutting measure, stating that Binance experienced exponential growth in the past 5 years and faced operational challenges.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 3:16 pm

INTC

Intel executives, including CFO David Zinsner and EVP Sandra Rivera, will participate in upcoming investor events at TD Cowen's 51st Annual Technology, Media & Telecom Conference and BofA Securities 2023 Global Technology Conference. They will discuss Intel's business and financial strategy.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 2:29 pm

TWLO

Activist investment firm Legion Partners is pressing for changes at cloud services provider Twilio Inc. (NYSE:TWLO), urging for board reforms and potential divestitures. CEO Jeff Lawson's supervoting shares are set to expire in less than a month, which could increase the company's susceptibility to shareholder pressure.

Portfolio Pulse from Michael Cohen

May 31, 2023 | 2:24 pm

TSLA

Tesla has started shipping its electric cars with a 50% state-of-charge for safety reasons and is compensating buyers with 150 free Supercharging kilometers. This change is likely due to shipping companies requiring electric cars to have a 20-50% state-of-charge to be allowed on their ships.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 2:22 pm

LRCX

Lam Research CEO announced structural improvements and acceleration of the company's manufacturing and supply chain move towards Asia during the Bernstein Conference.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 2:12 pm

TSLA

Elon Musk is scheduled to visit Tesla's Shanghai plant on Wednesday night, according to Reuters citing sources.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 2:10 pm