Streetbeat News

Corporate Responsibility

BAC

JPM

JPMorgan Chase and Bank of America are implementing measures to limit junior bankers' work hours following a report on overwork culture. JPMorgan will cap hours at 80 per week, while Bank of America introduces a timekeeping tool. These changes follow the death of a Bank of America associate, highlighting the need for better employee protections.

Portfolio Pulse from Benzinga Neuro

September 12, 2024 | 8:18 am

META

A bipartisan coalition of 42 state attorneys general is urging Congress to mandate Surgeon General warning labels on social media apps like TikTok, X, and Meta's Instagram to address mental health concerns among young adults. This move highlights the growing scrutiny of social media's impact on mental health.

Portfolio Pulse from Benzinga Neuro

September 12, 2024 | 6:28 am

PRZO

Parazero Technologies Ltd announced that Yuval Tovias has resigned as CFO, effective September 8, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:19 pm

FA

First Advantage Corporation (NASDAQ:FA) has announced the promotion of Joelle Smith to President, effective September 16, 2024. Smith, previously President of Data, Technology, and Experience, will now lead product, data, technology, and go-to-market teams.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:18 pm

MBIN

Merchants Bancorp has appointed Sean Sievers as its new CFO, effective September 9, 2024, following a comprehensive search after the current CFO, John Macke, announced his retirement.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:10 pm

BEEP

Mobile Infrastructure has announced strategic actions to enhance shareholder value, including securing a $40.4 million line of credit. These actions are aimed at strengthening the company's financial position and supporting future growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:06 pm

SBUX

Starbucks shares rose following a strategic vision letter from CEO Brian Niccol to employees, indicating positive investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:46 pm

RKLB

Rocket Lab USA's stock is experiencing an uptick following the appointment of Frank Klein, a former Rivian executive, as the company's new Chief Operating Officer.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:05 pm

NSC

Norfolk Southern's board is investigating CEO Alan Shaw's alleged inappropriate relationship with Chief Legal Officer Nabanita Nag. This probe could lead to Shaw's resignation, creating a leadership vacuum. Potential successors include CFO Mark George and COO John Orr. The investigation follows a recent proxy fight and a past derailment incident.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 5:49 pm

SPY

VGK

The U.S. Secretary of State, Antony Blinken, announced over $700 million in support for Ukraine amidst its ongoing conflict with Russia. This includes $325 million for energy assistance, nearly $290 million for humanitarian aid, and over $102 million for demining efforts.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 4:43 pm