Streetbeat News

Corporate Responsibility

ASTS

UFO

XTL

AST SpaceMobile (NASDAQ:ASTS) experienced stock volatility on Wednesday without specific reasons. The company appointed telecom veteran Johan Wibergh to its board and formed a new Network Planning and Spectrum Committee. Recent collaborations include deals with Verizon and AT&T for direct-to-cellular services, challenging SpaceX and T-Mobile's similar agreement. AST SpaceMobile stock has gained 61% in the last 12 months. Investors can also gain exposure through Procure Space ETF (NASDAQ:UFO) and SPDR S&P Telecom ETF (NYSE:XTL).

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 5:52 pm

AMZN

The Amazon Labor Union has formally affiliated with the International Brotherhood of Teamsters. Members will vote on ratification in the coming weeks. The new Local 1 will represent approximately 8,000 Amazon warehouse workers.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 5:00 pm

AAL

American Airlines' CEO announced that the company has offered flight attendants a 17% immediate wage increase and a new profit-sharing formula for 2024. While progress has been made in contract negotiations, there is still significant work to be done.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:59 pm

DJT

RUM

Former President Donald Trump is set to speak at a private meeting with CEOs, just weeks after his conviction. This event could have implications for companies and platforms associated with Trump.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:33 pm

WMT

Walmart's CEO announced at the Annual General Meeting that the company has no plans to expand into new international markets or to expand its slate of board members.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:16 pm

WMT

Walmart CEO stated that the ongoing war in Gaza has no significant impact on the company, with only minor supply chain issues reported.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:14 pm

AMZN

TGT

VDC

WMT

XLP

Walmart Inc. (NYSE:WMT) has announced annual bonuses of up to $1,000 for eligible hourly U.S. store workers, including part-time and full-time associates. This initiative aims to enhance wages for approximately 700,000 front-line employees. Additionally, Walmart introduced the 'Associate to Technician' certification program to help employees transition to higher-paying technical roles. The company aims to increase its technician workforce from 450 to 2,000 over the next two years. Walmart's stock has gained more than 33% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 3:40 pm

MELI

MercadoLibre plans to hire 11,000 people in Brazil this year, up from the initial plan of 6,500, indicating significant expansion in the region.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 3:26 pm

LULU

Lululemon Athletica Inc. (NASDAQ:LULU) is set to release its first-quarter financial results, with analysts expecting earnings of $2.39 per share and revenue of $2.20 billion. The company recently announced an updated operational structure following the resignation of its chief product officer. Several analysts have revised their price targets for Lululemon, maintaining various ratings.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 3:06 pm

EWC

SNDL

SNDL's CEO anticipates significant consolidation in the Canadian cannabis sector over the next 3 to 5 years, as stated during the KCSA Investor Conference.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:50 pm