Streetbeat News

Corporate Responsibility

AAPL

Apple Inc. (AAPL) store employees in Maryland have voted to strike over working conditions, while a New Jersey store voted against unionization. The Maryland store's union, IAM CORE, cites issues like work-life balance and wages. Apple emphasizes its commitment to employee benefits and respectful engagement with the union.

Portfolio Pulse from Ananya Gairola

May 13, 2024 | 7:02 am

AMZN

YouTube star MrBeast has invited billionaires to collaborate on philanthropy projects for his Beast Philanthropy channel, promising to use their wealth for charitable causes. He announced this initiative on X, highlighting that all revenue from the channel supports charity. Additionally, MrBeast is exploring new ventures, including a game show deal with Amazon's Prime Video, emphasizing creative control as a key factor in choosing Amazon over other platforms.

Portfolio Pulse from Ananya Gairola

May 13, 2024 | 3:31 am

AAPL

Mark Gurman discusses potential successors for Tim Cook and other key leadership roles at Apple, highlighting the company's broader succession challenges. John Ternus and Jeff Williams are considered top candidates for CEO, with various deputies poised for other critical roles.

Portfolio Pulse from Shanthi Rexaline

May 12, 2024 | 7:14 pm

AAPL

HNHPF

Apple Inc. (AAPL) has had a significant week with record-breaking iPhone sales, the launch of new iPad models, and comments from Elon Musk. Foxconn (HNHPF), Apple's main iPhone manufacturer, reported its highest-ever April revenue, indicating strong performance. The iPhone 15 Pro Max was the best-selling smartphone in Q1 2024, despite a global sales slump. Apple also launched the new iPad Air 6 and iPad Pro, showcasing the M4 chip, highlighting its AI ambitions. Elon Musk questioned Apple's R&D spending in light of these developments.

Portfolio Pulse from Benzinga Neuro

May 12, 2024 | 9:18 am

JPM

WFC

JPMorgan Chase & Co. disclosed a $760,000 investment in Bitcoin ETFs and shares in crypto-related companies, despite CEO Jamie Dimon's criticism of the crypto industry. The bank's holdings include ETFs like BlackRock's iShares Bitcoin Trust, ProShares Bitcoin Strategy ETF, and others, alongside investments in Bitcoin Depot Inc. and Bit Digital Inc. This move reflects the growing acceptance of Bitcoin in traditional finance.

Portfolio Pulse from Rounak Jain

May 11, 2024 | 2:57 pm

GOOG

GOOGL

MSFT

Sundar Pichai, CEO of Alphabet Inc., responded to Microsoft CEO Satya Nadella's comments about making Google 'dance' with the introduction of the new Bing, powered by OpenAI's ChatGPT. Pichai emphasized the importance of not being swayed by competitors' moves. Despite being initially caught off guard by the launch of ChatGPT, Google is catching up by leveraging its user base and intensifying AI efforts, including developing its own AI chips and enhancing Google Workspace with AI.

Portfolio Pulse from Ananya Gairola

May 11, 2024 | 1:52 pm

DIS

HTZ

NVDA

PLTR

SBUX

Benzinga's weekly review highlights bullish and bearish perspectives on stocks like Nvidia, Starbucks, Palantir, and insights into meme coin investments. Key financial indicators and upcoming events, such as the Consumer Price Index report and a speech by the Federal Reserve Chair, are also noted. Bullish views include Palantir's buying opportunity post-Q1 earnings, Disney's DTC unit's profitability, and an investor's success with meme coins. Bearish takes involve Hertz's wrongful Tesla refueling charge, Starbucks' sales slump due to Middle Eastern policy backlash, and a significant Nvidia stake sale by a former Soros fund manager.

Portfolio Pulse from Michael Cohen

May 11, 2024 | 1:25 pm

AAPL

GOOGL

OpenAI COO Brad Lightcap stated it's too early to assess AI's full economic impact, noting the technology's potential has not yet significantly transformed the economy. Jerome Powell also remarked on AI's future role in productivity growth. OpenAI is expanding its enterprise business, including selling ChatGPT to corporate clients. Apple Inc. is reportedly integrating ChatGPT into iPhones, while OpenAI CEO Sam Altman hinted at new developments but denied rumors of a search engine or launching GPT-5.

Portfolio Pulse from Ananya Gairola

May 11, 2024 | 7:25 am

BMBL

Whitney Wolfe Herd, founder of Bumble Inc. (NASDAQ:BMBL), discussed the potential of AI in revolutionizing the online dating industry at the Bloomberg Technology Summit. She proposed an 'AI dating concierge' to help users with insecurities and even go on dates, aiming to alleviate pressure and foster healthy relationships. Herd's vision comes after her resignation as CEO in January 2024, with significant changes under new leadership, including altering the app's messaging requirements.

Portfolio Pulse from Rounak Jain

May 11, 2024 | 6:17 am

TSLA

Morgan Stanley analyst Adam Jonas highlights the significance of Tesla Inc's upcoming shareholder meeting, focusing on a vote regarding CEO Elon Musk's pay package, which could influence the company's long-term strategy and stock volatility. The package, previously rescinded by a Delaware court, is crucial for Musk's potential 25% voting block, impacting Tesla's AI development and overall market position. The meeting will also consider relocating Tesla's incorporation from Delaware to Texas.

Portfolio Pulse from Anan Ashraf

May 11, 2024 | 6:09 am