Streetbeat News

Corporate Responsibility

PBR

Brazil's Petrobras Board has approved the exit of CEO Jean Paul Prates and CFO Sergio Caetano. Clarice Coppetti has been appointed as the interim CEO, and Carlos Alberto Rechelo Neto has been named the interim CFO.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:39 pm

CBU

Community Bank System, Inc. has changed its corporate name to Community Financial System, Inc. to better reflect its broader business model and mission. The company's ticker symbol (NYSE: CBU) remains unchanged, and its stock will start trading under the new name on May 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:06 pm

COST

WMT

Walmart Inc (NYSE:WMT) is set to report its Q1 earnings on May 16, 2024. Analysts expect revenue of $159.52 billion and EPS of 52 cents. Walmart has consistently beaten estimates in the past. Analysts note favorable spending trends and increased shopping intentions at Walmart, especially among lower-income households. Recent analyst ratings are positive, with price targets ranging from $65 to $69. Key items to watch include net sales trends, corporate job cuts, and the performance of Walmart's new private food brand, Bettergoods.

Portfolio Pulse from Chris Katje

May 15, 2024 | 3:00 pm

BLK

IBIT

Vanguard has appointed Salim Ramji, a former BlackRock executive known for his Bitcoin-friendly stance, as its new CEO. Ramji, who previously headed BlackRock's global ETF business and launched the iShares Bitcoin Trust, will succeed Tim Buckley on July 8. This appointment could signal a shift in Vanguard's approach to cryptocurrency.

Portfolio Pulse from Murtuza Merchant

May 15, 2024 | 2:40 pm

BLK

COIN

GS

Circle Internet Financial, the issuer of the USDC stablecoin, is relocating its headquarters from Ireland to the United States amid a market rebound. This move comes as USDC's circulation has increased from $24 billion to $33 billion. The relocation may expose Circle to higher taxes but aligns with recent OECD tax reforms. Circle is backed by major Wall Street firms and cryptocurrency companies.

Portfolio Pulse from Murtuza Merchant

May 15, 2024 | 2:37 pm

PBR

PBR/A

Petrobras shares are trading lower after reports that Brazilian President Luiz Inacio Lula da Silva fired Petrobras CEO Jean Paul Prates due to a dispute over dividend payments.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 2:36 pm

DASH

New York Attorney General Letitia James announced a settlement with DoorDash for discriminatory hiring practices. DoorDash will reform its hiring practices, review approximately 3,000 previously rejected applications, and pay $75,000 to applicants who were illegally rejected.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 2:10 pm

TSLA

Elon Musk fired Tesla's Supercharger Chief Rebecca Tinucci and her entire team after she refused to lay off more workers than planned. This has caused disruption in Tesla's Supercharger network, a key driver of its EV sales. Despite the layoffs, Musk announced plans to expand the network at a slower pace with a reduced budget.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 2:09 pm

AAPL

Apple has announced new accessibility features including eye tracking, music haptics, and vocal shortcuts. These features aim to enhance user experience for individuals with disabilities.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 2:03 pm

DIS

Disney has announced that it does not expect its traditional TV unit to be a growth business, indicating a shift in focus towards other areas. This could impact the company's stock as investors reassess the value of its TV assets.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:47 pm