Streetbeat News

Corporate Responsibility

STLA

Stellantis CEO stated that the company is not relying on tariffs to compete, which positions them to seize M&A opportunities.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:18 pm

GME

GameStop's shareholder meeting is reportedly being rescheduled due to connectivity issues experienced by shareholders. This news is circulating among traders and could impact the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 3:51 pm

STLA

Stellantis CEO announced that at least two of their U.S. plants require significant turnaround efforts.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 3:44 pm

AMZN

BRK

DUK

GOOGL

MSFT

NUE

Alphabet Inc. (GOOGL) has signed an agreement with Berkshire Hathaway's NV Energy to supply its Nevada data centers with geothermal electricity, increasing its carbon-free power from 3.5 MW to 115 MW over six years. This move aligns with Google's goal to run entirely on clean energy by 2030. Similar deals have been made by Duke Energy (DUK) with Amazon (AMZN), Google, Microsoft (MSFT), and Nucor (NUE) to support carbon-free energy in the Carolinas.

Portfolio Pulse from Lekha Gupta

June 13, 2024 | 2:59 pm

STLA

Stellantis aims to reduce its fixed costs to below 30%, according to a company executive. This move is part of the company's broader strategy to improve efficiency and profitability.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:49 pm

MSTR

MicroStrategy (NASDAQ:MSTR) announced plans to issue $500 million in convertible senior notes due in 2032 to acquire more Bitcoin and fund other corporate activities. The notes will be unsecured and senior obligations of MicroStrategy, with interest payments starting in December 2024. The offering's completion is contingent on market conditions.

Portfolio Pulse from Murtuza Merchant

June 13, 2024 | 2:14 pm

BA

During an FAA hearing, Senator Cantwell highlighted that most engineers at Boeing struggled to respond to basic questions about quality control, based on an agency audit review.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 2:11 pm

CSLR

Complete Solaria, Inc. (NASDAQ:CSLR) has appointed Daniel Foley as its new Chief Financial Officer, effective July 1, 2024. Foley will report to CEO TJ Rodgers.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 1:16 pm

ZONE

CleanCore Solutions has appointed Clayton Adams as the new CEO and Chairman of the Board.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:50 pm

TSLA

Wedbush analyst Daniel Ives has maintained an Outperform rating and a $275 price target for Tesla (NASDAQ:TSLA), following shareholder approval of Elon Musk's compensation package and the company's incorporation in Texas. This approval is seen as removing a $20-$30 overhang on the stock. Ives expects Musk to address AI initiatives, sub-$30K electric vehicles, and the upcoming robotaxi event at the shareholder meeting. Tesla shares climbed 6.38% to $188.60 in premarket trading.

Portfolio Pulse from Shanthi Rexaline

June 13, 2024 | 12:48 pm