Streetbeat News

Corporate Responsibility

MSFT

Microsoft has disbanded its DEI team due to 'changing business needs,' sparking internal controversy. Despite a 17% year-to-date gain, the stock has shown volatility, recently closing at $443.52, down 1.33%. The market will closely watch how these changes affect Microsoft's long-term growth.

Portfolio Pulse from Zaheer Anwari

July 18, 2024 | 4:01 pm

ALK

Alaska Air Group (ALK) announced that it is planning for nearly flat capacity in August and September compared to the same period last year, as stated in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:50 pm

F

FTXR

RDIV

Ford Motor Company (NYSE:F) is investing $3 billion to expand production of its F-Series Super Duty trucks, including $2.3 billion for the Oakville Assembly Complex in Ontario, Canada. This expansion aims to meet surging demand and support Ford's growth strategy. The investment will add capacity for 100,000 trucks and create approximately 2,020 jobs across North America. Ford shares are trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

July 18, 2024 | 3:39 pm

RDZN

Roadzen's CEO and Chairman will exchange $3.5 million of short-term debt for company equity, potentially strengthening the company's balance sheet and aligning executive interests with shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:23 pm

UAL

United Airlines executives have indicated that there are multiple reasons to expect further reductions in unprofitable flights, which is anticipated to boost their fiscal year earnings.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:13 pm

GOOG

GOOGL

Google has announced the formation of the Coalition for Secure AI (CoSAI), aimed at ensuring the safe and secure development of artificial intelligence. Google is a founding member of this coalition.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:10 pm

CTAS

Cintas Corporation's executive has indicated that the company expects margin pressure on its fire protection business due to the implementation of SAP in fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 2:57 pm

SPY

President Biden's campaign aide has stated that Biden is not wavering on any of his policies, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 2:51 pm

UAL

United Airlines CEO announced that domestic industry capacity growth is expected to moderate by roughly five points by Q4 compared to Q2.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 2:37 pm

ALGT

Allegiant Travel Company has appointed Greg Anderson as its new CEO. Anderson, who previously served as the company's President, will be taking over the role immediately.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 1:32 pm