Streetbeat News

Corporate Responsibility

JBLU

JetBlue's executive announced that the company expects its total capital expenditures for the next year to be a few hundred million dollars lower compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:04 pm

JBLU

JetBlue's executive announced that the airline expects the average number of grounded aircraft in 2025 to be in the mid to high teens, with greater uncertainty in 2026 and beyond.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:34 pm

JBLU

JetBlue CEO emphasizes the need to keep costs low and avoid investing in capital-intensive assets that do not yield returns.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:23 pm

SYY

Sysco Corporation reported a 10% year-over-year decrease in corporate expenses for the quarter, as stated by an executive during a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:10 pm

MRK

Merck's HPV vaccination activities have been impacted by China's anti-bribery and anti-corruption drive, which started last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:43 pm

LI

NIO

A NIO executive has requested that Li Auto stop publishing weekly sales rankings, arguing it disrupts operations and constitutes trivial competition. The Chinese government has urged industries to avoid such 'involution.' Li Auto resumed weekly sales figures in May 2023 to demonstrate its leading position among EV startups.

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 1:35 pm

AEP

DIVZ

XLU

American Electric Power (AEP) reported mixed Q2 2024 results with revenue missing estimates but adjusted EPS beating expectations. The company announced job cuts and maintained its FY24 guidance. AEP also appointed a new CEO and plans significant future investments in energy resources.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 1:28 pm

AMZN

HDRO

HYDR

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are trading marginally higher in the premarket session after announcing the hiring of Dean Fullerton as the new Chief Operating Officer. Fullerton joins from Amazon.com, Inc. (NASDAQ:AMZN), where he was responsible for engineering services. Plug Power and Amazon have a long-term business relationship. Investors can also gain exposure to Plug Power via Global X Hydrogen ETF (NASDAQ:HYDR) and ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:HDRO).

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 1:09 pm

SMRT

SmartRent shares are trading lower following the announcement of the CEO's resignation and the suspension of its 2024 outlook.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:48 pm

SMRT

SmartRent, Inc. (NYSE:SMRT) announced that Lucas Haldeman has stepped down as CEO and resigned from the Board. John Dorman has been appointed Chairman of the Board. The company has suspended its full-year 2024 outlook and formed a Management Committee to oversee operations during the transition.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:34 pm