Streetbeat News

Corporate Responsibility

CVX

Chevron CEO Mike Wirth stated that the global oil market is well supplied and the company's move to Texas is about performance, not politics. The recent earnings miss involved non-recurring items, and the move to Houston continues a trend. Wirth is confident in an arbitration case and believes the Hess deal is likely to close. The second quarter was challenging for analysts to forecast.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:44 pm

LYFT

SBLK

SYM

The article highlights three industrial stocks that are currently oversold, presenting potential buying opportunities. These stocks are Star Bulk Carriers Corp (SBLK), Symbotic Inc (SYM), and Lyft Inc (LYFT), all of which have RSI values below 30, indicating they are oversold.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 12:32 pm

CVX

Chevron reported Q2 2024 earnings with revenues beating expectations but adjusted EPS missing consensus. The company faced reduced margins on refined product sales and adverse foreign currency impacts. Chevron is relocating its headquarters to Houston, Texas.

Portfolio Pulse from Lekha Gupta

August 02, 2024 | 11:59 am

CMC

Commercial Metals Company (CMC) has announced several key leadership changes. Robert Wetherbee will become Chairman effective September 1, as Barbara Smith retires as Executive Chairman. Sarah E. Raiss will resign as Lead Director effective August 31, 2024, but will remain on the Board. Vicki L. Avril-Groves will retire from the Board effective August 31, 2024. Tandra Perkins will join the Board on September 1, 2024, and will serve on the Compensation and Finance Committees.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:36 am

RPID

Rapid Micro Biosystems has completed an enterprise-wide review to realize operational efficiencies, including workforce reductions and expense cuts. These actions are expected to save $7 million annually and help achieve positive cash flow by 2027. The company will record a $0.7 million charge in Q3 2024 but does not expect an impact on 2024 revenue or gross margin.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:13 am

ACN

Accenture has acquired BOSLAN to assist clients in optimizing investments in net-zero infrastructure. The terms of the transaction were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:51 am

CVX

Chevron Corporation announced the relocation of its headquarters from San Ramon, California, to Houston, Texas, along with senior leadership changes. The move aims to enhance collaboration and engagement among executives, employees, and business partners. The transition will be gradual, with minimal immediate impact on employees in San Ramon.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:18 am

AMD

INTC

Intel Corp. (NASDAQ: INTC) is offering a two-year extended warranty for its 13th and 14th Gen CPUs due to stability issues. This move comes after a disappointing financial report and significant cost reduction plans. Intel's stock has seen a significant decline, closing at $29.05 and falling further in after-hours trading.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 6:15 am

TSLA

Elon Musk responded positively to the U.S. Department of State's assessment of the Venezuelan presidential election, which criticized the election process and declared Edmundo González Urrutia as the rightful winner over Nicolás Maduro. Musk has previously been vocal about his disapproval of Maduro's election practices.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 1:21 am

BOC

Boston Omaha Corporation (NYSE:BOC) has promoted J. Max Meisinger to President and CEO of its broadband division, Boston Omaha Broadband (BOB). The division serves over 44,000 subscribers in Arizona, Utah, and other states. Steve McGhie, the outgoing CEO, will remain as a consultant.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:33 pm