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LSCC

SMHX

SNSR

Lattice Semiconductor shares rose after appointing Ford Tamer as CEO. The company reaffirmed its Q3 2024 guidance, expecting revenue between $117M and $137M. Despite missing previous earnings estimates, the stock saw a 13.1% increase.

Portfolio Pulse from Lekha Gupta

September 16, 2024 | 6:07 pm

INTC

Intel has been awarded up to $3 billion by the Biden-Harris Administration under the CHIPS and Science Act for the Secure Enclave program. This initiative aims to expand the trusted manufacturing of semiconductors for the U.S. government, enhancing the domestic chip supply chain.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 6:03 pm

AMZN

Amazon plans to return to pre-COVID office arrangements, reinstating assigned desks and a five-day in-office work week starting January 2, 2025, for U.S. HQ locations. Agile desk arrangements will continue in Europe.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 5:34 pm

AMZN

Amazon.com is focusing on improving its cost structure and operating margins by asking its S-Team organizations to increase the ratio of individual contributors to managers by at least 15% by the end of Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 5:32 pm

SPY

White House's Brainard expressed optimism that a more favorable environment for commercial real estate could facilitate the conversion of commercial properties to residential use. This was discussed at a Council on Foreign Relations event.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 5:29 pm

SPY

White House's Brainard emphasized the strong support among Americans for a fairer tax system where the ultra-wealthy and corporations contribute more. She criticized extending tax cuts without funding them, which could increase the deficit by $5 trillion.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 4:56 pm

VINO

Gaucho Group shares rise following the announcement of a corporate restructuring and cost reduction strategy, expected to save $1.6 million over the next year.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 4:00 pm

AAL

American Airlines is creating nearly 500 new aviation maintenance jobs, including over 385 licensed technician positions, across its maintenance bases in Charlotte, Pittsburgh, and Tulsa. This expansion is part of a broader effort to enhance maintenance capacity and capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:59 pm

FOX

FOXA

NWS

Rupert Murdoch's family is embroiled in a court battle over control of Fox Corporation, which could impact the company's future direction and its media assets, including Fox News. The trial will determine if Murdoch's eldest son, Lachlan, will assume full control, a move opposed by his other children. The outcome could affect Fox's viewership and advertising revenue.

Portfolio Pulse from Chris Katje

September 16, 2024 | 3:28 pm