Streetbeat News

Corporate Responsibility

NIO

NIO has announced the resignation of its CFO, Steven Wei Feng, for personal and family reasons, effective July 5, 2024. Stanley Yu Qu, the Senior Vice President of Finance, has been promoted to the new CFO position.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

John Deere has committed $100,000 over two years to support US military members and their families through the USO. This donation will help with mentorships and career planning programs for service members transitioning to civilian life.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

BHP

BHP announced a $250 million investment in a new electric trolley truck system at its Escondida Mine to reduce emissions, aligning with its global target of net zero operating greenhouse gas emissions by 2050.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:00 pm

AAPL

AMZN

GOOGL

MSFT

NVDA

The article highlights the journeys of iconic American tech companies—Microsoft, Apple, Nvidia, Google (Alphabet), and Amazon—that have significantly shaped the nation's economy and global influence. These companies, starting from humble beginnings, have grown into global giants with substantial market capitalizations.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

FDX

MSFT

Microsoft has conducted another round of layoffs, affecting various teams and regions. This is the third round of layoffs by the company in 2024, aimed at maintaining profit margins amid increased capital spending for AI applications. The tech industry, including companies like Tesla, Meta, and Google, is seeing a trend of workforce reductions to streamline operations and cut costs.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

CBWTF

CNPOF

CNTMF

GLASF

ITHUF

LOWLF

MEDIF

The article highlights recent executive changes in the cannabis industry, including board elections and new appointments at several companies. Notable changes include new board members at Auxly Cannabis Group, iAnthus Capital Holdings, MediPharm Labs, and Glass House Brands. Additionally, Sandy Li joins Viridian Capital Advisors' advisory board, Lowell Farms' CFO resigns, and RIV Capital and Cansortium appoint a new chief retail officer ahead of their merger.

Portfolio Pulse from Jelena Martinovic

July 03, 2024 | 5:08 pm

FTXR

RPV

General Motors (GM) shares are trading lower after the company agreed to retire 50 million metric tons of greenhouse gas credits and pay a $145.8 million penalty for excess CO2 emissions. The EPA investigation revealed excess emissions from 5.9 million GM vehicles from 2012-2018. GM will also cancel over 30.6 million fuel economy credits for 2008-2010 model years. The stock has gained over 19% in the past 12 months.

Portfolio Pulse from Shivani Kumaresan

July 03, 2024 | 5:04 pm

STLA

Stellantis NV (NYSE:STLA) and CEA have announced a five-year collaboration to develop next-generation EV battery cells. The partnership aims to create advanced battery cells with higher performance, longer lifespan, and lower carbon footprint, supporting Stellantis' strategic plan to achieve carbon net zero by 2038.

Portfolio Pulse from Shivani Kumaresan

July 03, 2024 | 4:33 pm

SNY

Sanofi's CEO announced that the company is in discussions with private equity firms regarding the sale of its consumer healthcare division.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:59 pm

BAC

JPM

JP Morgan's Chief Market Strategist Marko Kolanovic is departing after 19 years, with Dubravko Lakos-Bujas and Hussein Malik taking over key roles. Kolanovic's bearish stance on U.S. equities diverged from peers like Goldman Sachs, Citigroup, and Bank of America. JP Morgan's S&P 500 target for 2024 is the lowest among major banks.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 3:24 pm