Streetbeat News

Corporate Responsibility

ALLT

Allot Ltd. announced CFO Ziv Leitman is leaving to join a startup. The company has started searching for a new CFO, with Leitman to remain until June 30, 2024, for a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 9:09 am

DJT

Mary Trump criticizes her uncle Donald Trump's media company, Trump Media & Technology Group Corp. (NASDAQ:DJT), for its stock performance and potential securities fraud. She also highlights concerns over Jared Kushner's investments from authoritarian governments, emphasizing the need for accountability and investigation into his dealings.

Portfolio Pulse from Shanthi Rexaline

April 11, 2024 | 9:07 am

META

NVDA

Meta Platforms Inc. (NASDAQ:META) has unveiled its next-generation AI chip, the MTIA, aimed at competing with Nvidia Corporation's (NASDAQ:NVDA) AI chips in the cloud business. The MTIA, built on Taiwan Semiconductor Manufacturing Co's 5nm process, is designed for AI workloads, specifically ranking and recommendation models. This development is part of a broader trend where major tech companies are developing their own AI chips to reduce dependency on Nvidia's GPUs.

Portfolio Pulse from Ananya Gairola

April 11, 2024 | 8:31 am

PEV

Phoenix Motor Inc. (NASDAQ:PEV), a prominent heavy-duty transit bus manufacturer and electrification solutions provider, announced its intention to open an AI development center in Silicon Valley. This center aims to develop advanced self-driving technology and energy management systems for shuttle and transit buses.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:49 am

AAPL

Over 60 human rights and environmental organizations have urged Apple Inc. (NASDAQ:AAPL) to condemn the detention of climate activists in Vietnam, highlighting the tech giant's significant manufacturing operations in the country and its commitment to human rights and environmental policies. The activists' detention, including that of Ngo Thi To Nhien, has been criticized internationally, and the groups argue that Apple's silence could contradict its own policies on environmental and human rights.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 7:44 am

STM

STMicroelectronics (STM) and Centrica Energy have signed a ten-year Power Purchase Agreement (PPA) for the supply of approximately 61 GWh of renewable energy annually from a new solar farm in Italy. This agreement aids STM's goal to become carbon neutral and source 100% renewable energy by 2027 for its operations, including two large-volume semiconductor manufacturing sites in Agrate and Catania, Italy.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:20 am

DLAKY

Lufthansa (OTC:DLAKY) has temporarily halted its flights to Tehran due to the ongoing crisis in the Middle East, following a suspected Israeli airstrike on the Iranian embassy in Syria. The suspension, which began on April 6, is expected to last until at least April 11, reflecting the airline's commitment to safety. This decision comes amid heightened tensions in the region, with the U.S. warning of potential Iranian retaliatory attacks. The situation has also led to a sharp rally in oil prices.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 7:11 am

BRK

TSLA

Jim Cramer expressed concerns over Wall Street's diminishing confidence in Tesla's CEO, Elon Musk, due to Tesla's falling stock price and increasing competition. He contrasted this with the admiration for Warren Buffett and his firm, Berkshire Hathaway, highlighting its strong portfolio and business model. Tesla's stock has seen a significant drop, over 30% year to date, amidst concerns over its electric vehicle prices and Musk's focus on other ventures.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 6:53 am

WD

Walker & Dunlop, Inc. arranged $120M in financing for the refinancing of 1111 Church, a Class A mixed-use multifamily community in Nashville's Gulch neighborhood.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 6:17 am

FSBC

Five Star Bancorp announced the hiring of Casey Grafeld as Senior Vice President / Managing Director to advance its expansion in the San Francisco Bay Area, specifically in Marin County, through personalized commercial banking services. This move is part of its broader strategy following a successful share offering.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 6:11 am