Streetbeat News

Corporate Responsibility

MCAA

Mountain & Co I Acquisition Corp announced that Alexander Hornung resigned as CFO on July 22, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 8:28 pm

SPY

Treasury Secretary Yellen opposes shifting global tax agreement negotiations from the OECD to the UN, as stated in a Reuters interview.

Portfolio Pulse from charles@benzinga.com

July 26, 2024 | 6:37 pm

CYBR

META

RACE

WPP

A Ferrari executive was targeted by a deepfake scam, receiving messages that appeared to be from the company's CEO. The scam was detected due to inconsistencies in the messages. This incident highlights the growing threat of deepfake technology in corporate settings.

Portfolio Pulse from Shivani Kumaresan

July 26, 2024 | 6:15 pm

VDC

WMT

XLP

Walmart Canada has increased wages for 40,000 store associates as part of a broader strategy to develop talent and modernize work processes. This move follows similar investments in the U.S. and aims to retain employees amid easing inflation and rising unemployment in Canada. Walmart stock has gained over 31% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

July 26, 2024 | 4:55 pm

AAPL

AMKR

GFS

TSM

The Biden-Harris Administration and Amkor Technology (NASDAQ:AMKR) have signed a preliminary memorandum to provide up to $400 million in funding under the CHIPS and Science Act. This funding will support Amkor's $2 billion semiconductor packaging facility in Peoria, Arizona, expected to create 2,000 jobs and boost the domestic semiconductor supply chain. The facility will utilize advanced technology crucial for AI and high-performance computing. The initiative aims to enhance U.S. semiconductor manufacturing and supply chain security.

Portfolio Pulse from Shivani Kumaresan

July 26, 2024 | 2:26 pm

BTCUSD

The Bitcoin 2024 conference highlights a significant gender imbalance, with only 13% of speakers being female-presenting. This reflects broader issues of gender representation in the tech and finance sectors. The cryptocurrency industry, in particular, struggles with gender equality, as evidenced by the lack of female crypto billionaires and reports of harassment.

Portfolio Pulse from Murtuza Merchant

July 26, 2024 | 1:57 pm

JNJ

The U.S. Court of Appeals for the 3rd Circuit has rejected Johnson & Johnson's (NYSE:JNJ) third attempt at using the Texas Two-Step bankruptcy strategy to manage its talc liabilities. Lawyers representing ovarian cancer victims are urging J&J to provide fair compensation. Additionally, new legislation, the Ending Corporate Bankruptcy Abuse Act (ECBA) of 2024, has been introduced to ban such strategies.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:42 pm

ATEN

CRWD

DELL

DFH

FIVE

Jim Cramer expressed his views on several stocks during CNBC's 'Mad Money Lightning Round.' He is puzzled by Five Below (FIVE) due to operational issues and a CEO transition. He recommends buying Dell Technologies (DELL) and is optimistic about Dream Finders Homes (DFH). Cramer is cautious about Toyota (TM) but sees potential in GM (GM). He believes CrowdStrike (CRWD) is bottoming out and prefers Palo Alto Networks (PANW) over A10 Networks (ATEN) for network security.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 1:15 pm

ALLR

Allarity Therapeutics has postponed its Annual Meeting of Stockholders, which was originally scheduled for July 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:03 pm

LAES

SEALSQ has appointed Katsu Miyahata as the Sales Director and Representative Director for Japan. Miyahata will lead the expansion of IoT security and brand enhancement operations in the region.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:09 pm