Streetbeat News

Corporate Responsibility

GME

GameStop CEO Ryan Cohen is seeking top U.S.-based product and graphic designers, signaling potential team expansion. This follows a period of financial challenges and strategic moves, including a significant equity offering and a notable investment by 'Roaring Kitty'.

Portfolio Pulse from Ananya Gairola

August 23, 2024 | 1:29 am

BNAI

Brand Engagement Network (BEN) has promoted Paul Chang to CEO, while Co-CEO Michael Zacharski will step down from his position.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:28 pm

LMT

RKLB

Rocket Lab has appointed Kenneth Possenriede, former CFO of Lockheed Martin, to its Board of Directors. Possenriede brings 35 years of financial leadership experience to the company.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:32 pm

PRPL

Purple Innovation is consolidating its mattress production operations into its McDonough, Georgia facility, leading to the closure of two manufacturing facilities in Salt Lake City and Grantsville, Utah.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:12 pm

INTC

Intel's board director, Lip-Bu Tan, is set to leave the company. This comes at a time when Intel is facing challenges in the chipmaking industry.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:29 pm

RNSC

SSTK

Shutterstock, Inc. (NYSE:SSTK) shares are trading lower following the announcement of the departure of Chief Product and Digital Officer John Caine, effective August 2024. The company reaffirmed its 2024 guidance, projecting revenue growth and adjusted EPS below estimates. SSTK stock has declined over 22% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2024 | 6:01 pm

MSFT

Microsoft's Xbox has announced new accessibility options, including three new devices and a feature called Toggle Hold, to enhance gaming for players with disabilities. These developments aim to make gaming more inclusive and accessible.

Portfolio Pulse from Franca Quarneti

August 22, 2024 | 5:40 pm

EWJ

Japan is tightening disclosure rules for companies reclassifying cross-shareholdings to ensure transparency and prevent misleading practices. This move aims to address concerns about companies concealing their true intentions and to satisfy institutional investors' demands for unwinding strategic shareholdings.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:07 pm

HDRO

HYDR

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are trading lower, having lost over 74% in the past year. The company appointed Colin Angle to its Board and Dean Fullerton as COO. Despite deploying $70 million in electrolyzer systems, revenue recognition is delayed to 2024. PLUG expects 2024 revenue between $825M and $925M.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2024 | 2:27 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) has appointed former Republican Representative Mike Gallagher as its chief of defense. Gallagher, known for his strong stance against China, will report to CEO Alex Karp. This move is expected to enhance Palantir's growth in U.S. government contracts.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2024 | 1:27 pm