Streetbeat News

Corporate Responsibility

CMG

SBUX

Starbucks has appointed Brian Niccol, former CEO of Chipotle, as its new CEO, replacing Laxman Narasimhan. Jim Cramer believes Niccol will be instrumental in turning around Starbucks, which has faced challenges in the U.S. and China. Starbucks' stock surged 24.5% following the announcement, while Chipotle's stock dropped by 10%. Analysts have mixed opinions on Niccol's appointment.

Portfolio Pulse from Benzinga Neuro

August 14, 2024 | 5:08 am

CMG

GOOG

NU

SBUX

TSLA

Major U.S. indices closed positively, with notable movements in Starbucks, Chipotle, Alphabet, Nu Holdings, and Tesla stocks. Starbucks surged after appointing Brian Niccol as CEO, while Chipotle declined. Alphabet fell due to DOJ breakup concerns. Nu Holdings rose on strong Q2 results, and Tesla increased with Model Y's success in China.

Portfolio Pulse from Benzinga Neuro

August 14, 2024 | 3:53 am

GM

HMC

Texas has filed a lawsuit against General Motors (GM) for allegedly collecting and selling drivers' data without consent. The lawsuit follows an investigation that uncovered 'egregious business practices' by GM, including misleading customers about data collection. This comes amid increasing scrutiny over automakers' data-sharing practices.

Portfolio Pulse from Benzinga Neuro

August 14, 2024 | 3:03 am

TSLA

Betsey Stevenson, former chief economist at the Department of Labor, criticized Donald Trump's praise of Elon Musk's anti-union tactics. The United Auto Workers (UAW) has filed federal labor charges against both Trump and Musk. This controversy comes amid a resurgence of organized labor in the U.S.

Portfolio Pulse from Benzinga Neuro

August 14, 2024 | 1:22 am

QFIN

Qifu Technology announced that Hongyi Zhou has resigned as Director and Chairman of the Board for personal reasons. Fan Zhao has been named as the new Chairman, and Xiangge Liu has been appointed as an independent director, effective August 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:05 pm

XWEL

XWELL, Inc. (NASDAQ:XWEL) announced that CPC Pain & Wellness SPV, LLC has withdrawn its threatened proxy fight and related lawsuit against the company. XWELL is now focused on executing its strategic plan to create long-term value for its stockholders.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:08 pm

EAF

GrafTech International Ltd. (NYSE:EAF) has appointed Rory O'Donnell as Chief Financial Officer and Senior Vice President, effective September 3, 2024. O'Donnell will join the executive leadership team and report directly to CEO Timothy Flanagan, overseeing all financial aspects of the company.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:50 pm

GM

Texas Attorney General Ken Paxton has filed a lawsuit against General Motors (GM) for allegedly unlawfully collecting and selling drivers' private data to several companies, including insurance firms.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:43 pm

CTSO

CytoSorbents has appointed Peter J. Mariani as the new Chief Financial Officer, effective August 14, 2024. Kathleen P. Bloch, the retiring CFO, will continue as a consultant to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:41 pm

CTSO

CytoSorbents has appointed Peter J. Mariani as the new CFO, effective August 14, 2024. The current CFO, Kathleen P. Bloch, is retiring but will remain as a consultant to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:25 pm