Streetbeat News

Corporate Responsibility

AMZN

Bloomberg reported that Amazon will cease payments to developers for creating apps for its Alexa platform. This move could impact the ecosystem of applications available for Alexa, potentially affecting its competitiveness and attractiveness to users.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:22 pm

SVNDF

SVNDY

Seven & I Holdings Co., Ltd. is considering a potential listing of its Ito-Yokado segment to focus on expanding its 7-Eleven franchise. The company aims to create a globally integrated CVS management structure and refine its Superstore business for re-growth. This move comes after pressure from ValueAct Capital Management for structural reform and valuation improvement, including potential store closures. Despite a slight decline in net sales, Seven & I reported a 5.5% increase in operating profit in its latest fiscal year. The company also plans share buybacks and a stock split, although its outlook slightly trails analysts' projections.

Portfolio Pulse from Shivani Kumaresan

April 10, 2024 | 3:18 pm

META

NVDA

Meta Platforms, Inc. has introduced a new artificial intelligence (AI) chip, signaling its intention to reduce its dependency on Nvidia Corporation for AI processing capabilities. This strategic move could potentially alter the competitive landscape in the AI technology sector.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:16 pm

CURLF

Curaleaf (OTCQX:CURLF) has partnered with Acannability to launch an educational campaign aimed at enhancing cannabis consumer awareness. This collaboration involves Curaleaf providing significant Public Service Announcement (PSA) space for education-based advertisements. The campaign, which began on March 19 in Arizona, Florida, and Illinois, features ads from Acannability's 'Why Legal?' initiative. Curaleaf's chairman, Boris Jordan, will also speak at the Benzinga Cannabis Capital Conference in Florida, further emphasizing the company's commitment to elevating cannabis industry standards and consumer education.

Portfolio Pulse from Patricio Liddle

April 10, 2024 | 2:59 pm

RTX

Pratt & Whitney, a division of Raytheon Technologies (RTX), plans to increase its workforce by 25% at its West Palm Beach Engine Center to accommodate planned growth. This expansion indicates a positive outlook for the company's future operations and demand for its engine products.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:35 pm

RIO

Rio Tinto (NYSE:RIO) appoints Bold Baatar as chief commercial officer, focusing on copper and renewable energy. Baatar, who joined in 2013 and led the Oyu Tolgoi copper mine expansion, replaces retiring Alf Barrios. The move aligns with Rio Tinto's strategy on key metals and improving its brand post-controversies. The company also partners with Founders Factory to foster entrepreneurship in Western Australia, investing $9.5 million in a startup hub for mining innovation.

Portfolio Pulse from Stjepan Kalinic

April 10, 2024 | 2:31 pm

DAL

During a conference call, a Delta Air Lines executive mentioned that the intensity of hiring and training within the company has moderated. This indicates a shift in the company's operational focus and could have implications for its future performance and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:24 pm

WIT

Wipro Limited (NYSE:WIT) announced the appointment of Malay Joshi as the CEO of Wipro Americas 1 Strategic Market Unit, effective immediately. Malay, who has been with Wipro since 1996, succeeds Srini Pallia, the new CEO and Managing Director of Wipro Limited. Malay's previous role involved leading one of Wipro's largest business units, contributing to significant CAGR over a decade. His extensive experience in various leadership roles and deep industry knowledge are highlighted as key factors for his appointment. Malay will also join the Wipro Executive Board and will be based in New York City.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:10 pm

AAPL

TSLA

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a decline amid $250M in crypto liquidations, with concerns over potential Fed rate cuts. Apple is expanding into Latin America with a new office in Coral Gables. Other highlights include anticipation of US inflation data, political critiques within the US and regarding international relations, and various updates in the tech and electric vehicle sectors, including Apple's growth and Tesla's customer retention.

Portfolio Pulse from Akanksha Bakshi

April 10, 2024 | 1:49 pm

BTBT

Bit Digital's CEO revealed the company's diversification strategy, including staking ETH and renting computational power for AI development, indicating a move beyond just bitcoin reliance.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:49 pm