Streetbeat News

Corporate Responsibility

TMUS

T-Mobile USA announced a proposed public offering of Euro-denominated senior notes. The net proceeds will be used for general corporate purposes including share repurchases, potential dividends, and refinancing existing debt.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:43 am

AIQ

NVDA

Nvidia CEO Jensen Huang, in a CBS News interview, expressed optimism about AI's impact on the workforce, suggesting AI will lead to companies hiring more workers with higher earnings due to increased productivity. He emphasized the irreplaceable value of human judgment in certain situations. The discussion also included insights from other experts and industry leaders, indicating a broad consensus on AI's potential to enhance human productivity rather than replace it. The Global X Artificial Intelligence & Technology ETF (AIQ) showed positive market movement, reflecting investor interest in AI.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 7:31 am

MAT

Mattel, Inc. (NASDAQ:MAT) has launched a new Matchbox Mercedes-Benz G 580 with EQ Technology die-cast car, made with recycled materials to celebrate the Mercedes-Benz G-Class's electric model. The product features recycled metal and over 81% ISCC-certified plastic, showcasing Matchbox's commitment to eco-friendly products.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:13 am

PARA

CNBC's 'Last Call' host Brian Sullivan humorously compared Paramount Global's (NASDAQ:PARA) recent earnings call to Led Zeppelin's 'Stairway to Heaven' due to their similar lengths, noting the call's brevity and the significant announcement of CEO Bob Bakish's departure amid merger talks with Skydance Media. The call, lasting 8 minutes and 48 seconds, also covered Paramount's Q1 earnings, where they missed revenue estimates but beat earnings expectations. The company is in advanced negotiations to buy out controlling shareholder Shari Redstone, coinciding with the planned exit of four directors.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 5:56 am

META

Elon Musk has criticized Meta Platforms, Inc. (NASDAQ:META) for allegedly taking credit for traffic originating from his platform, X (formerly Twitter). This criticism follows a lawsuit in Japan against Meta for not verifying ad authenticity, highlighting ongoing issues with Meta's advertising system. Musk also mentioned a personal dissatisfaction with community notes on X, using it to emphasize the platform's efforts in ad verification. Amidst these challenges, Musk has invited advertisers to return to X, pointing out Meta's advertising system glitches and its impact on advertisers.

Portfolio Pulse from Ananya Gairola

April 30, 2024 | 4:40 am

FOXA

Hunter Biden has demanded Fox News and FOX Corp. (NASDAQ:FOXA) to remove explicit images from its platforms, alleging defamation and violation of 'revenge porn' laws. The demand includes corrections and retractions related to claims of a bribery scheme involving Hunter Biden and President Joe Biden. Hunter Biden's legal team is considering suing Fox News and has criticized the network for airing a mock trial and publishing articles based on unproven allegations.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 1:05 am

PARA

PARAA

Matrix Asset Advisors' President & CIO criticizes the sale to Skydance, stating it only benefits Shari Redstone and is highly dilutive for shareholders. The firm expresses strong disapproval of the actions taken by Shari and the Board.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 9:07 pm

BHP

FEAM

GLDG

USAU

VALE

BHP Group and Vale have proposed a $24.88 billion settlement for the 2015 Mariana dam disaster. 5E Advanced Materials announced the first production of boric acid, aiming to establish a U.S.-based boron supply chain. GoldMining reduced a royalty on its Crucero gold project to enhance project value. U.S. Gold's shareholders approved the election of five directors and ratified Marcum, LLP as the independent accountant.

Portfolio Pulse from austin@walkonholdings.com

April 29, 2024 | 9:07 pm

PARA

PARAA

Matrix Asset Advisors President & CIO commented on the departure of Paramount Global's CEO, stating that Bakish was removed for advocating for all shareholders instead of favoring a deal beneficial only to Shari Redstone, to the detriment of the other 90% of shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 9:07 pm

AMZN

MSFT

SONY

Bethesda, a Microsoft Corp. subsidiary, clarified that the free next-gen update for Fallout 4 on PlayStation 5 is exclusive to PlayStation Plus Extra members, excluding those who obtained the game through the PS Plus Collection. The update, which aims for 4k resolution and 60fps on Xbox Series X, has faced technical issues. This clarification follows confusion among players and coincides with the success of Amazon.com Inc's Fallout TV show, which has boosted game play.

Portfolio Pulse from Franca Quarneti

April 29, 2024 | 8:56 pm