Streetbeat News

Corporate Responsibility

BIGC

BigCommerce (NASDAQ:BIGC) has appointed Travis Hess, a veteran in the ecommerce and technology industry, as its new president to drive top-line growth and profitability. Hess brings extensive experience from senior leadership roles across top commerce agencies and consultancies, including a recent position at Accenture. Additionally, BigCommerce has strengthened its sales team by hiring Thom Armstrong as vice president of Americas enterprise sales, aiming to boost its growth in enterprise sales in the Americas.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:13 pm

SGMT

Sagimet Biosciences Inc. (NASDAQ:SGMT) announced the appointment of Thierry Chauche as Chief Financial Officer, effective May 6, 2024. Chauche brings over twenty years of experience in the biopharmaceutical sector, including roles at Provention Bio and Alexion Pharmaceuticals. His expertise in corporate finance, strategy, and M&A is expected to support Sagimet's advancement of denifanstat into Phase 3 development following promising Phase 2b results.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:03 pm

NSC

Norfolk Southern Corporation (NYSE:NSC) received strong support from key customers against Ancora's management overhaul plan. Customers like Lincoln Energy Solutions and Centennial Energy, among others, praised CEO Alan Shaw's leadership and the company's strategy, emphasizing its importance for service efficiency, safety, and the US economy. A survey by Stephens Inc. also showed overwhelming customer support for Norfolk Southern's current direction, with concerns that Ancora's proposals could harm service levels and long-term value.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:03 pm

SQ

Block, Inc. (NYSE:SQ) plans to offer $1.5 billion in senior notes to qualified institutional buyers and non-U.S. persons. The terms will be set through negotiations. The proceeds are intended for general corporate purposes, including debt repayment, potential acquisitions, and capital investments.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:55 am

SFST

Southern First Bancshares, Inc. (NASDAQ:SFST) has appointed Chris Zych, formerly of United Community Bank, as its new Chief Financial Officer and Executive Vice President. Zych brings 30 years of banking industry experience, including a decade at United Community Bank focusing on corporate development and investor relations. His background in financial management and strategy is expected to support Southern First's growth and performance.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:48 am

DJT

Trump Media & Technology Group Corp dismissed its independent registered public accounting firm, BF Borgers, on May 4 and engaged Semple, Marchal & Cooper as their replacement.

Portfolio Pulse from Charles Gross

May 06, 2024 | 11:46 am

GRYP

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) reported a record-breaking April 2024 with $2.6M in Bitcoin production, achieving new efficiency milestones. The company, known for its 100% renewable energy mining, produced 40 bitcoins at an average price of $66,183 each. It set new records with an average self-mining hashing power of 914 PH/s and improved machine efficiency to 28.7 J/T, thanks to the installation of Bitmain S21 200 TH/s machines. Gryphon also maintained its top-ranking position in bitcoin efficiency, holding 21 bitcoins in treasury by month-end.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:39 am

NEE

NEP

NextEra Energy Partners, LP (NYSE:NEP) appoints Brian Bolster, formerly of Goldman Sachs, as CFO and board director, succeeding Kirk Crews who moves to a senior leadership role at NextEra Energy, Inc. (NYSE:NEE). Bolster's extensive experience in the power and renewables sectors at Goldman Sachs is expected to positively impact NextEra Energy Partners.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:34 am

AAPL

BRK

Ross Gerber, a prominent Tesla Inc. investor, shared his admiration for Warren Buffett's decisive business acumen after Berkshire Hathaway reduced its Apple holdings by 18% in Q1. Gerber's recount of a 2008 interaction with Buffett highlights the latter's tough business approach. The reduction in Apple's stake by Berkshire has led to speculation about Apple's future, amidst discussions on AI's role in shaping the tech giant's strategy. Apple's CEO Tim Cook remains bullish with a significant investment in AI, supported by predictions of an AI-driven super cycle by Wedbush's Dan Ives.

Portfolio Pulse from Rounak Jain

May 06, 2024 | 11:28 am

ALLT

Allot Ltd. (NASDAQ:ALLT) announced the appointment of Eyal Harari as CEO, effective May 6, 2024, replacing Erez Antebi. Antebi will assist during the transition and continue as a consultant.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:25 am