Streetbeat News

Corporate Responsibility

TSLA

Elon Musk discussed the future impact of AI, suggesting that in a 'benign' scenario, AI could lead to widespread job displacement, necessitating a universal basic income. This could have significant implications for companies like Tesla (TSLA) that are heavily invested in AI technologies.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:25 pm

MS

Morgan Stanley shares are trading lower after Executive Chairman James Gorman announced he would step down on Dec. 31, 2024. Despite a smooth transition to new CEO Ted Pick and strong first-quarter revenues, the stock fell 1.04% to $99.69.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 4:16 pm

AAPL

Apple is facing allegations from the Democratic Republic of Congo (DRC) that it is sourcing minerals from conflict areas in eastern Congo. Lawyers representing the DRC claim that minerals mined by armed groups are being smuggled through neighboring countries and may end up in Apple products. Despite Apple's claims of ethical sourcing, the DRC's lawyers argue that these claims lack verifiable evidence.

Portfolio Pulse from Stjepan Kalinic

May 23, 2024 | 3:52 pm

NSC

Norfolk Southern and the EPA have reached a $310 million settlement over the East Palestine derailment incident. This settlement aims to address the environmental and community impacts caused by the derailment.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:36 pm

GOOG

GOOGL

Google has signed deals to power its data centers in Japan with solar energy, as part of its commitment to sustainability and reducing carbon emissions.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 3:15 pm

CMCSA

Comcast Corporation (NASDAQ:CMCSA) announced a $138 million investment to expand its fiber network in Utah, aiming to provide multi-gigabit speed internet across several counties. This expansion is part of Comcast's broader $500 million investment in Utah over the past three years and includes a commitment to digital opportunities through Project UP.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 2:31 pm

RL

Ralph Lauren Corp (NYSE:RL) reported a 2% year-on-year sales growth for Q4 FY24, slightly beating analyst estimates. The company also announced a 10% increase in its quarterly dividend and appointed a new CFO. The outlook for FY25 includes low-single-digit revenue growth and operating margin expansion.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 2:15 pm

DD

DuPont Inc. (NYSE:DD) announced plans to split into three distinct publicly traded entities: New DuPont, Electronics, and Water. The separation aims to unlock shareholder value and is expected to be tax-free for U.S. shareholders. The process should be completed within 18 to 24 months, subject to regulatory approvals.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 2:11 pm

TSLA

Tesla has omitted its 2030 sales goal of selling 20 million cars from its latest impact report. This goal was previously a significant target for the company.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:50 pm

NVVE

Nuvve Holding Corp. (NASDAQ: NVVE) has hired Cappello Global, LLC as a strategic financial advisor to identify potential strategic transaction opportunities. This move aims to address Nuvve's capital needs and support its near-term and long-term growth objectives.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:38 pm