Streetbeat News

Corporate Responsibility

BHP

NGLOY

BHP Group expressed disappointment that Anglo American's board has decided not to continue discussions with BHP. BHP refuted Anglo American's claim that the value risk under BHP's proposal would be solely borne by Anglo American shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:18 pm

NVDA

TGT

TLNE

This week's investment insights cover Talen Energy's restructuring and sale of its datacenter business to Amazon, Nvidia's impressive earnings and stock split announcement, Target's weak sales amidst inflation, the authenticity of companies' ESG commitments, and worsening commercial real estate issues.

Portfolio Pulse from Gary Brode

May 29, 2024 | 2:57 pm

AEON

AEON Biopharma shares are trading higher following the company's announcement of a resource prioritization and cost reduction plan.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:53 pm

ARL

IOR

TCI

Pillar Income Asset Management has appointed Erik Johnson as the new President and CEO. He will also serve as President and CEO of American Realty Investors (ARL), Transcontinental Realty Investors (TCI), and Income Opportunity Realty Investors (IOR).

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:43 pm

GS

SPY

Beth Hammack has been named the new President of the Cleveland Federal Reserve, effective August 21. Hammack previously served as Co-Head of Global Financing at Goldman Sachs. She will replace Loretta Mester, who is retiring on June 30.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:32 pm

GS

SPY

Beth Hammack has been named the new President of the Cleveland Federal Reserve, effective August 21. Hammack previously served as Co-Head of Global Financing at Goldman Sachs. She will replace Loretta Mester, who is retiring on June 30.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:32 pm

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), has publicly disagreed with CalPERS CEO Marcie Frost's decision to vote against his compensation package. This follows a Delaware court's decision to overturn Musk's $56 billion pay package, which Tesla's board is attempting to reinstate through a shareholder vote in June. Morgan Stanley analyst Adam Jonas predicts material volatility in Tesla's stock due to the upcoming meeting.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 2:24 pm

DIS

Disney's senior ad sales executive Lisa Valentino has exited amid a restructuring of the advertising sales staff. This move comes during Disney's critical 'upfront' talks with advertisers. Valentino's departure is part of a planned re-alignment and follows her significant contributions to Disney's ad-tech initiatives.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:13 pm

GIS

General Mills executive announced at the Bernstein Conference that they do not expect inflation to be as high in the next financial year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:11 pm

JPM

SPY

JP Morgan CEO Jamie Dimon discusses the importance of the board's decisions, the overstated significance of CEO-Chairman split, and the lack of a magic formula for succession. He also highlights the importance of market share for profitability, the higher chance of stagflation, and the current strength of credit.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:48 pm