Streetbeat News

Corporate Responsibility

AULT

Ault Alliance announced the termination of the marketing process for its four hotels owned by Ault Global Real Estate Equities (AGREE), a wholly owned subsidiary. Consequently, AGREE's assets and liabilities, previously classified as held for sale, will now be considered as held and used. This reclassification affects $91.0 million in assets and $70.4 million in liabilities as of December 31, 2023, which will be moved from discontinued to continuing operations in future financial statements.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:34 am

MLCO

Melco Resorts & Entertainment announced its sixth sustainability strategy, 'RISE to go Above & Beyond' for 2023, focusing on sustainability and supporting SMEs in Macau with over $1.1M generated through 13 Heart Of House Roadshows with 257 participating SMEs. The strategy emphasizes on restoring the world, inspiring communities, sustaining the supply chain, and empowering the business.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:13 am

GGR

Gogoro, in partnership with Nebula Energy, has launched a battery swapping ecosystem and the Gogoro Crossover Smartscooter in Nepal. This marks a significant expansion of Gogoro's international footprint, introducing its innovative battery swapping technology to the Nepalese market. The move is part of Gogoro's strategy to enhance urban mobility and reduce carbon emissions through its smart scooters and energy network.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 7:43 am

AMZN

The FTC has accused Amazon.com Inc. (NASDAQ:AMZN) executives, including Jeff Bezos and CEO Andy Jassy, of deleting text messages that could serve as evidence in an antitrust investigation. The executives allegedly used Signal for communication between April 2019 and May 2022, with messages set to disappear. Amazon refuted the claims, stating it had disclosed its use of Signal and collected conversations from employees' phones for the FTC.

Portfolio Pulse from Ananya Gairola

April 26, 2024 | 5:43 am

TSLA

Drew Baglino, former SVP of Tesla Inc. (NASDAQ:TSLA), sold 1.14 million shares worth $181.5 million following his resignation. This sale is part of a series of transactions after leaving the company, which is undergoing strategic shifts including a focus on AI and self-driving technology. Despite a 9% drop in Q1 revenue, Tesla's stock surged 18% after CEO Elon Musk's optimistic outlook on AI and self-driving vehicles. Analysts are divided on Tesla's near-term prospects.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 3:01 am

INTC

Intel's CEO announced during a conference call that the company's foundry business is expected to see sequential improvement in every quarter leading up to 2030. This optimistic outlook suggests a strong growth trajectory for Intel's foundry services, indicating the company's confidence in its operational capabilities and market demand for its services.

Portfolio Pulse from Charles Gross

April 25, 2024 | 9:50 pm

MSFT

NVDA

Microsoft's CEO announced that over 65% of Fortune 500 companies are now utilizing Azure OpenAI Service, highlighting an acceleration in the number of large Azure deals during a conference call.

Portfolio Pulse from Charles Gross

April 25, 2024 | 9:41 pm

ABNB

AMD

AMZN

ASML

BA

GOOG

META

NVDA

Nationwide pro-Palestine protests at U.S. universities have led to hundreds of arrests, with students demanding divestment from companies benefiting from Israel's actions in Gaza and the West Bank. Companies like Alphabet (GOOG), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), ASML Holding (ASML), Boeing (BA), Amazon.com (AMZN), and Airbnb (ABNB) are mentioned in relation to these divestment calls. The protests aim to pressure Israel into a cease-fire and have sparked significant controversy and media attention.

Portfolio Pulse from Natan Ponieman

April 25, 2024 | 9:12 pm

TIGO

Millicom has appointed Marcelo Benitez as its new CEO, effective June 1, 2024. Benitez, with a long tenure at Millicom, was previously CEO of TIGO Panama and has held various leadership roles within the company. His appointment concludes a comprehensive succession planning process. Under his leadership, TIGO Panama became the leading telecom provider by integrating Cable Onda and Movistar Panama. The transition includes Mauricio Ramos continuing as Chair of the Board, and Maxime Lombardini's anticipated addition to the Board, pending shareholder approval.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:07 pm

TALO

Talos Energy Inc. (NYSE:TALO) announced organizational updates following the acquisition of QuarterNorth Energy Inc., including promotions and new appointments to support growth and strategic priorities. Sergio Maiworm was promoted to Executive Vice President and CFO, effective April 24, 2024. Jim Brysch and Truitt Smith, former QuarterNorth employees, were appointed as Vice Presidents, and Francisco Noyola was promoted to Vice President - Mexico. Clay Jeansonne joined as Vice President - Investor Relations, and John Parker left the company. CEO Tim Duncan emphasized the leadership's role in strengthening Talos's position as a premier E&P offshore operator.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:00 pm