Streetbeat News

Corporate Responsibility

TSLA

VWAGY

Volkswagen's PowerCo battery subsidiary is cutting production at its Salzgitter plant, raising concerns about broader cost-saving measures amid weak EV sales. The company faces financial challenges following the Dieselgate scandal, with profits down and potential plant closures looming.

Portfolio Pulse from Michael Juliano

September 06, 2024 | 7:17 pm

NWS

NWSA

Hedge fund Starboard Value has filed a shareholder resolution to eliminate dual-class shares at News Corp. This move could impact the company's governance structure and influence shareholder voting power.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:40 pm

AAWH

CYBN

The cannabis and psychedelics industries are experiencing significant leadership changes. Maryland's Cannabis Chief, Will Tilburg, is resigning after overseeing a successful transition to adult-use cannabis with $1.1 billion in sales. In Massachusetts, a legal battle involving the Cannabis Control Commission continues. Companies like 1933 Industries, Cybin Inc., and Ascend Wellness Holdings are undergoing board and executive changes.

Portfolio Pulse from Jelena Martinovic

September 06, 2024 | 6:23 pm

BAC

U.S. Treasury Secretary Janet Yellen warns against eliminating clean energy tax credits, stating it would increase costs for families, threaten U.S. manufacturing jobs, and give China an advantage. Trump proposes reallocating funds from environmental to infrastructure projects. Bank of America plans a $205 million investment for tax credits from an ethanol producer.

Portfolio Pulse from Lekha Gupta

September 06, 2024 | 4:10 pm

DJT

SPY

The article discusses a press conference held by Donald J. Trump at the Trump Tower in New York City, focusing on Trump Media & Technology Group. The potential mention of DJT and SPY suggests a connection to the stock market and ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 4:09 pm

FXI

SPY

The U.S. State Department is actively warning American businesses about potential risks to their operations and activities in Hong Kong. This advisory highlights concerns over the changing political and regulatory environment in the region.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:59 pm

BOX

FOXA

SNAP

YELP

Vice President Kamala Harris has received endorsements from 88 corporate leaders, including CEOs of Box Inc., Yelp Inc., and Snap Inc., for her presidential bid. This support comes amid her proposed tax reforms, including an unrealized gains tax and raising the corporate tax rate to 28%.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 1:37 pm

DLO

dLocal has appointed Carlos Menendez as its new Chief Operating Officer. This leadership change could influence the company's strategic direction and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:35 pm

NSSC

NAPCO has responded to a report by Fuzzy Panda, a short seller, refuting allegations and highlighting its strong financial performance. The company reported record revenues, increased dividends, and improved internal controls. NAPCO aims to continue its growth in the security market.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:11 pm

LXEH

Lixiang Education Holding Co. has appointed Zhifu Yang as its new Chief Financial Officer, effective September 2. This leadership change could influence the company's financial strategies and operations.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 12:06 pm