Streetbeat News

Corporate Responsibility

AMZN

Amazon.com announced that its Just Walk Out technology does not use or collect any biometric information of shoppers, according to Reuters. This clarification comes amid growing concerns over privacy and data security in retail technologies.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:12 pm

AMZN

Amazon.com has refuted claims that its Just Walk Out technology involves human reviewers monitoring from afar, stating such reports are untrue, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:11 pm

CTOS

Custom Truck One Source, Inc. (NYSE:CTOS) has acquired A&D Maintenance and Repair, expanding its New York footprint and service capabilities. The acquisition adds over 20,000 square feet of space and a highly experienced team, enhancing Custom Truck's presence and service capacity in Long Island and the greater New York City metro area. CEO Ryan McMonagle emphasized the cultural fit and the potential to build on A&D's legacy, noting the acquisition will complement existing offerings and improve service to customers in the region.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:09 pm

BSFC

Blue Star Foods Corp. (BSFC) has secured additional non-dilutive funding to support expansion in its soft shell crab operations and to meet increased demand under its Master Service Agreement. The company issued a promissory note and shares to an accredited investor, and a convertible promissory note to an institutional investor. CEO John Keeler expressed confidence in the company's growth and its efforts to remain NASDAQ-listed, following NASDAQ's conditional approval for continued listing.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:01 pm

BTCUSD

Pavel Durov, co-founder of Telegram, revealed holding 'a few hundred million dollars' in Bitcoin and fiat, emphasizing the importance of secure communication tools amid increasing government surveillance. Durov highlighted the challenges faced by privacy-focused services, including attempts by the FBI to infiltrate Telegram. He advocates for the UAE as a base for such enterprises due to its geopolitical neutrality and discussed the financial independence of his company from venture capital. The context includes warnings about expanded NSA surveillance capabilities.

Portfolio Pulse from Murtuza Merchant

April 17, 2024 | 2:56 pm

PLCE

Children's Place Inc (NASDAQ:PLCE) shares surged after announcing a new $90 million financing agreement with majority shareholder Mithaq Capital SPC. This unsecured, subordinated term loan, expected to be funded by April 19, 2024, aims to improve liquidity and will be used to repay an existing $50 million loan and for general corporate purposes. The loan, maturing on April 16, 2027, features interest at SOFR plus 4.00% per annum, with deferred payments until April 30, 2025. Since February 29, 2024, Children's Place has received $168.6 million in funding from Mithaq.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 2:50 pm

AAPL

NVDA

Foxconn, a key supplier to Apple Inc, has initiated a rotating CEO system as part of its management restructuring for future leadership preparation. This move aims to separate the CEO and chairperson roles, improve corporate governance, and develop new talent. The system will involve executives from Foxconn's six main business sectors but will exclude operations of its major listed subsidiaries. Additionally, Foxconn reported a first-quarter revenue decline and announced a partnership with Nvidia Corp to enter the AI server market.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 2:45 pm

UAL

United Airlines CEO expressed confidence in the FAA review process, stating it will help uncover opportunities to enhance airline safety.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:39 pm

MSOS

Angela Pih emphasizes the significant impact of all types of consumer experiences on brand confidence, highlighting that negative experiences can lead retailers to face major repercussions. The cost of failing to meet expectations is described as exponential, underscoring the importance of maintaining high standards in customer service.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:38 pm

MSOS

Kristi Palmer emphasized the importance of collective effort in maintaining a positive reputation in the cannabis industry, highlighting the impact of negative experiences. The article also mentions the Cannabis Capital Conference, offering access to both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:38 pm