Streetbeat News

Corporate Responsibility

GM

General Motors (GM) has announced a change in its performance rating system for salaried employees, aiming to better identify high and low performers. This change was reported by Reuters, citing an internal memo.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:34 pm

BA

ITA

MISL

Boeing's stock is trading lower following a Q2 earnings miss, but analysts have raised price targets due to the appointment of a new CEO and anticipated delivery growth. Despite a revenue decline and adjusted loss per share missing consensus, analysts see potential for a turnaround with increased production and delivery rates. Boeing's stock has lost around 25% in the last 12 months.

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 5:45 pm

SPY

President Biden announced the release of American prisoners from Russia, highlighting the significant concessions made by Germany without asking for anything in return. The deal underscores the importance of alliances and international cooperation.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:28 pm

CRWD

DAL

CrowdStrike reported that Delta Airlines rejected their efforts to assist in recovery, potentially indicating a cybersecurity issue or a disagreement between the two companies.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:21 pm

WW

WW International, Inc. (NASDAQ:WW) shares dropped after the company reported worse-than-expected Q2 results, including a quarterly loss of 13 cents per share and lower-than-expected sales of $202.1 million. The company also cut its full-year revenue forecast and announced a restructuring plan aimed at saving $100 million annually.

Portfolio Pulse from Erica Kollmann

August 01, 2024 | 3:55 pm

SPY

The U.S. has announced a major prisoner exchange with Russia, releasing 16 people from Russia in exchange for 8 held in the U.S. and other countries. This is the largest prisoner swap since the Cold War. The U.S. expressed gratitude to Turkey for logistical support, and Germany will release convicted murderer Vadim Krasikov. President Biden will meet with the families of the released Americans and address the nation.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:33 pm

SAVE

Spirit Airlines' CEO announced that the company is focused on refinancing its debt and improving its overall liquidity position during a conference call.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:27 pm

SAVE

Spirit Airlines CEO has stated that the company is engaged in productive conversations with advisors of their bondholders to address upcoming debt maturities. The CEO also emphasized that the low-fare model is not broken or obsolete.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:11 pm

JTAI

Jet.AI has launched DynoFlight 2.0, a web-based platform for aviation carbon management. The platform uses AI to sync fleet data, visualize emission levels, interrogate emissions, pay to remediate carbon emissions, and track compliance with NBAA standards.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:01 pm

WW

WW International is exploring alternatives to branded weight-loss drugs, as reported by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:24 pm