Streetbeat News

Corporate Responsibility

NBHC

National Bank Holdings Corporation announced that Charlie Koch will become the new President of its unit, Bank Midwest, effective June 15. Koch will succeed Nicole Van Denabeele, who has led the team since 2020.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 10:54 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has received approval from the Gruenheide council to expand its Berlin gigafactory, despite protests from environmentalists and locals. The expansion aims to double battery and car production capacities and add a train station. However, Tesla still needs environmental authority approvals. The company has revised its plans to reduce forest clearing and addressed water usage concerns.

Portfolio Pulse from Anan Ashraf

May 17, 2024 | 10:37 am

DHI

D.R. Horton announced the sudden passing of its founder and chairman, Donald Horton. David Auld has been named as the new Executive Chairman, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 10:32 am

QH

Quhuo announced that Chenxi Zhao has resigned from the Board of Directors effective May 16. The resignation was not due to any disagreement with business operations, financial reporting, controls, policies, or practices.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 10:06 am

TSLA

A legal expert and former portfolio manager, Lawrence Fossi, has criticized Tesla's (NASDAQ:TSLA) move to reinstate CEO Elon Musk's 2018 compensation plan, which was voided by a Delaware court. Fossi argues that a new compensation plan would result in massive losses for Tesla and be nearly impossible for Musk to achieve. He also suggests that Musk might be hesitant about a new plan due to the difficulty in replicating past stock price gains. Tesla's stock remains significantly below its all-time high, and the company is urging shareholders to vote for the reinstatement of Musk's 2018 award at the upcoming annual meeting.

Portfolio Pulse from Shanthi Rexaline

May 17, 2024 | 9:15 am

BA

Boeing shareholders are set to vote on the board status of outgoing CEO Dave Calhoun during the company's AGM. The vote comes amid multiple crises, including investigations and production declines. Proxy advisors have urged shareholders to vote against Calhoun's reelection. The outcome of the vote and the selection of Calhoun's successor are critical for Boeing's future.

Portfolio Pulse from Benzinga Neuro

May 17, 2024 | 6:31 am

META

NKE

Barbara Furlow-Smiles, a former diversity manager at Facebook and Nike, has been sentenced to over five years in prison for a $5 million fraud scheme. She embezzled over $4.9 million from Facebook and continued her fraudulent activities at Nike, stealing another six-figure sum. She has been ordered to pay restitution to both companies.

Portfolio Pulse from Benzinga Neuro

May 17, 2024 | 5:51 am

GOOG

GOOGL

Alphabet Inc.'s Google is set to introduce its Gemini AI to schools, focusing on enhanced data privacy. The AI will be integrated into Workspace for Education accounts at no extra cost, using the older Gemini 1.0 Pro model. Chromebooks will also receive new accessibility features. The launch is scheduled for May 23.

Portfolio Pulse from Ananya Gairola

May 17, 2024 | 1:37 am

AES

AES Corporation has announced the pricing of $950 million in fixed-to-fixed rate reset junior subordinated green notes in a public offering. This move is part of AES's ongoing efforts to finance its green energy projects.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 9:56 pm

PTON

SPY

Business Insider's Emily Stewart suggests that Peloton Interactive Inc (NASDAQ:PTON) is facing significant challenges, potentially marking the end of its popularity. Despite the overall market hitting new highs, Peloton's stock has plummeted over 97% from its peak. The company struggles with declining demand, production issues, and leadership changes. Meanwhile, the SPDR S&P 500 Trust ETF (NYSE:SPY) continues to perform well.

Portfolio Pulse from Aaron Bry

May 16, 2024 | 9:38 pm