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Corporate Responsibility

GM

TSLA

Tesla, Inc. (TSLA) experienced a decline in stock price following a Reuters report about potentially scrapping a sub-$30,000 car, which CEO Elon Musk denied. Tesla's Chief Designer, Franz von Holzhausen, suggested staying tuned for developments, hinting the project might still be alive. Amidst this, Musk announced an unveiling date for Tesla's Robotaxi. Analysts are divided on the impact of focusing on Robotaxi over a low-end EV. General Motors Corp. (GM) was mentioned in relation to suspending its robotaxi operations.

Portfolio Pulse from Shanthi Rexaline

April 08, 2024 | 7:45 am

AAPL

Apple Inc. (NASDAQ:AAPL) and its suppliers, including Foxconn, Tata Group, and Salcomp, are collaborating on a groundbreaking housing initiative in India, aiming to build over 78,000 housing units for employees. This initiative, a first in India's private sector, mirrors industrial housing models in China and Vietnam. The project, supported by both the central and state governments of India, seeks to improve worker efficiency and living standards, especially for the young female workforce, and is expected to be completed by March 2025.

Portfolio Pulse from Shomik Sen Bhattacharjee

April 08, 2024 | 7:44 am

300750.SZ

BYDDF

GEELY

China's Commerce Minister, Wang Wentao, attributes the success of China's EV industry to 'constant innovations' rather than subsidies, countering U.S. and EU concerns of overcapacity. The comments were made during a roundtable in Paris, involving major Chinese companies like Geely, BYD, and CATL. This comes amidst the EU's anti-subsidy probe into Chinese EV imports and U.S. Treasury Secretary Janet Yellen's visit to China, where she voiced concerns over Chinese industrial overcapacity.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 7:41 am

MSFT

The UK is warned of increased cyber threats and AI-generated disinformation targeting the 2024 elections, including state-sponsored cyberattacks and AI deepfakes. Cybersecurity experts emphasize the need for awareness and international cooperation to combat these threats. Companies like Okta and CrowdStrike highlight the risks of AI-powered identity attacks and disinformation. Digital platforms like Meta, Google, and TikTok face challenges in keeping misinformation off their platforms. Global incidents of cyberattacks underscore the need for vigilance.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 7:33 am

RY

Royal Bank of Canada (RBC) has appointed Katherine Gibson as the Interim CFO, effective immediately, following the termination of Nadine Ahn's employment due to a breach of the RBC Code of Conduct. The breach involved an undisclosed personal relationship leading to preferential treatment. An internal review and external legal investigation confirmed no impact on RBC's financial statements or business performance. Gibson, with 22 years at RBC and a background as SVP, Finance & Controller, is recognized for her leadership and strategic insight.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 7:33 am

WIT

Wipro has appointed Srini Pallia as its new CEO and Managing Director, effective immediately. This leadership change was reported on Saturday.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 7:25 am

ACN

AGEN

BRAG

LOT

RDCM

Accenture plc (ACN) is acquiring CLIMB to expand its technology capabilities, with shares slightly up in after-hours trading. Agenus Inc. (AGEN) announced a 1-for-20 reverse stock split, causing a share price drop. Lotus Technology Inc. (LOT) is set to report Q4 financial results before April 8, 2024, with a slight share price increase. RADCOM Ltd. (RDCM) announced a CEO change, leading to a share price decrease. Bragg Gaming Group Inc. (BRAG) reported the resignation of its CFO, with shares slightly up.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 7:19 am

CMCL

Caledonia Mining Corporation Plc has appointed James Mufara, formerly of Harmony Gold Mining Co, as its new COO starting May 1, 2024. Mufara brings extensive experience, having managed a significant portfolio at Harmony Gold, including five mines and 15,000 staff.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 7:08 am

AAPL

The Lincoln Park Apple Store in Chicago closed early on Saturday due to a protest by Apples4Ceasefire, a group of about 300 current and former Apple employees. The protest was against Apple Inc.'s labor practices in Africa and the firing of an employee for wearing pro-Palestinian accessories. The group demands Apple to acknowledge the Palestinian community's struggles and to withdraw from the Democratic Republic of the Congo.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 1:55 am

BA

LUV

A Boeing 737-800 operated by Southwest Airlines lost its engine cover during takeoff at Denver International Airport. The FAA is investigating the incident, which adds to Boeing's ongoing regulatory scrutiny and production slowdowns. Southwest Airlines is reviewing the aircraft, and passengers were delayed but safely transported on a different aircraft. This incident contributes to Boeing's challenges, including trust issues and financial turbulence, as CEO Dave Calhoun announces retirement.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 12:30 am