Streetbeat News

Corporate Responsibility

ALK

BA

HA

Alaska Airlines CEO Ben Minicucci, in a CNBC interview, expressed optimism about Boeing's quality plan and is hopeful for the completion of the Hawaiian Air merger later this year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:29 pm

LGCOF

SSNLF

Samsung Group is implementing a six-day workweek for executives across all units to address business uncertainties, including currency depreciation, rising oil prices, and high borrowing costs, following disappointing results in 2023. This includes executives from Samsung Electronics Co. Ltd (OTC:SSNLF), which reported a significant operating loss in its semiconductor business. The move is part of a broader trend among South Korean conglomerates to navigate industry downturns and geopolitical risks.

Portfolio Pulse from Franca Quarneti

April 18, 2024 | 5:11 pm

AMD

INTC

NVDA

At Data Center World 2024, AMD and Intel showcased their AI and GPU advancements for data centers, emphasizing energy efficiency and AI-driven automation. Intel's Huffstetler highlighted the need for energy-efficient hardware and GenAI models, while AMD's Smith discussed the structural upgrades needed for AI integration in data centers. Analysts noted AMD's competitive positioning against Nvidia, especially in the server CPU and merchant accelerators market, with potential revenue synergies from the Xilinx acquisition.

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 4:57 pm

GOOG

GOOGL

Google is restructuring its AI and research teams. James will continue to oversee Google Research, while the Responsible AI teams will move to Google DeepMind to be closer to model development. Additionally, Google is formalizing collaboration between DSPA and P&E into a new Platforms & Devices PA, aiming for more integrated operations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:25 pm

GOOG

GOOGL

Google announced plans to consolidate its teams that are dedicated to building models across Research and Google DeepMind, aiming to streamline operations and foster innovation.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:21 pm

PLTR

Palantir is expanding its commercial business by pitching its AI platform, AIP, to advertising agencies for use in inventory planning, programmatic sales, and campaign optimization. Despite its controversial work with intelligence agencies, Palantir has secured clients like United Airlines, Tyson Foods, and more recently, Lowe's and General Mills for AIP. The company aims to differentiate itself in the ad industry, amidst growing interest in AI, while facing potential reputational risks due to its government work.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:17 pm

X

White House's Lael Brainard commented on the significance of the steel industry to national security, economic security, and supply chain considerations, highlighting its critical role in the U.S. economy.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:16 pm

PRI

Primerica, Inc. (NYSE:PRI) shares fell after the Bear Cave issued a short report alleging deceptive behavior by the company's top agents. The report claims these agents engage in misleading practices, including obfuscating their association with Primerica and emphasizing recruiting over product sales. The Bear Cave's allegations are based on evidence such as a recorded Zoom presentation, a recruiting script, and complaints filed with the Florida Attorney General's Office. Primerica has not responded to these allegations.

Portfolio Pulse from Adam Eckert

April 18, 2024 | 4:02 pm

RTX

RTX Corp has signed its largest renewable energy agreement with ENGIE Resources LLC, a subsidiary of ENGIE North America, to supply 100% renewable electricity to 12 of its Texas facilities until 2033. This deal nearly doubles RTX's renewable electricity usage in 2023 and will reduce its carbon emissions by 560,000 metric tons, supporting its goals for 2025 and 2030 in renewable energy usage and greenhouse gas reduction.

Portfolio Pulse from Shivani Kumaresan

April 18, 2024 | 3:48 pm

USDTUSD

Tether, the world's largest stablecoin creator, is restructuring into four divisions to expand its focus beyond stablecoins. The divisions include Data, focusing on AI investments; Finance, managing the USDT stablecoin; Power, overseeing Bitcoin mining investments; and Education, for educational activities. This move comes amid criticisms of Tether's transparency and reports of USDT being used to fund war activities by a Russian operative. Tether reported $6.2 billion in profits in its 2023 annual report, with significant USDT usage in countries like Brazil and Nigeria.

Portfolio Pulse from Khyathi Dalal

April 18, 2024 | 3:40 pm