Streetbeat News

Corporate Responsibility

AMZN

COST

FSTA

VDC

WMT

Walmart Inc has launched Bettergoods, its largest private food brand in 20 years, featuring over 300 items across various categories, aimed at offering quality, affordable food options. This strategic move is designed to compete with rivals like Costco, Trader Joe's, and Amazon's Whole Foods, while also addressing consumer preferences for private food brands. Despite this expansion, Walmart announced the closure of all 51 health clinics due to rising operational costs. Walmart's stock has seen a 17% increase over the past year, with exposure available through ETFs like VDC and FSTA.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 9:38 am

BA

EADSY

ERJ

Embraer is reportedly exploring the development of a new jet aimed at competing in the narrow-body market, currently dominated by Boeing and Airbus. This strategic move could significantly impact the competitive landscape in the aviation industry.

Portfolio Pulse from Charles Gross

May 01, 2024 | 9:31 am

MSFT

Bill Gates continues to significantly influence Microsoft's AI strategy despite his 2021 ouster over misconduct allegations. He has been involved in key developments like Copilot and Bing's enhancement with ChatGPT technology, advising on product roadmaps and executive recruitment. Gates' vision for AI, including its potential to address global challenges like climate change, remains a driving force behind Microsoft's advancements in the field.

Portfolio Pulse from Benzinga Neuro

May 01, 2024 | 9:08 am

EVTL

Vertical Aerospace Ltd. has appointed Stuart Simpson, previously the CFO and a seasoned FTSE100 executive, as its new CEO with immediate effect. Simpson's appointment comes as the company prepares for a critical phase, focusing on certifying its VX4 aircraft and moving towards commercialization. His extensive experience across technology, automotive, and logistics sectors is expected to play a key role in leading the company's strategy, market launch of the VX4 aircraft, and future fundraising activities.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:06 am

AAPL

Apple Inc. (NASDAQ:AAPL) has acknowledged an issue with iPhone alarms not sounding, with no timeline provided for a fix. This problem has occurred before, notably in 2017 with iOS 11 and with iOS 17 updates last year. Users have reported malfunctioning alarms over the past few days, but Apple has not confirmed the cause of the latest issue.

Portfolio Pulse from Ananya Gairola

May 01, 2024 | 8:08 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk announced plans to continue expanding the Supercharger network, albeit at a slower pace for new locations, focusing instead on 100% uptime and expanding existing sites. This follows the departure of Rebecca Tinucci, the head of Tesla's charging infrastructure, and the layoff of about 500 employees from the Supercharger team as part of a broader effort to cut costs and focus on vehicle autonomy.

Portfolio Pulse from Anan Ashraf

May 01, 2024 | 7:39 am

CNI

CN (NYSE:CNI) announced a public debt offering of C$1.25 billion, split into C$700 million 4.60% Notes due 2029 and C$550 million 5.10% Notes due 2054, aiming to close on May 2, 2024. The proceeds are intended for general corporate purposes including debt refinancing, share repurchases, and acquisitions.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:56 am

GOOGL

Former Google employees have filed a complaint with the U.S. National Labor Relations Board, alleging unlawful termination for protesting Google's cloud contract with the Israeli government, known as Project Nimbus. They claim their rights under U.S. labor law were violated and are seeking reinstatement, back pay, and a statement from Google affirming workers' rights to organize. Google maintains that the Nimbus contract does not involve sensitive or military work and defends its terminations as a response to unacceptable behavior that threatened workplace safety.

Portfolio Pulse from Benzinga Neuro

May 01, 2024 | 5:48 am

TSLA

Elon Musk unfollowed Tesla investor Sawyer Merritt on X (formerly Twitter) due to an alleged breach of confidentiality involving leaks of confidential Tesla information. The incident has sparked discussions among users on X, with some defending Merritt's actions. Despite the unfollowing, there's no indication of a significant rift between Musk and Merritt, but it raises questions about handling confidential Tesla information.

Portfolio Pulse from Ananya Gairola

May 01, 2024 | 2:32 am

GEVO

Gevo, Inc. responds positively to the new Argonne National Laboratory GREET model for carbon accounting under the IRA's Section 40B, highlighting its alignment with Gevo's sustainable aviation fuel (SAF) production and climate-smart agriculture practices. The model's adoption supports Gevo's business model and the use of its Verity carbon accounting tool for farmers. Gevo anticipates further guidance on the 45Z SAF tax credit, emphasizing the importance of clear rules for carbon abatement and the role of American farmers in the SAF supply chain.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:46 pm