Streetbeat News

Corporate Responsibility

DIS

Nelson Peltz of Trian Fund Management expressed hope in a CNBC interview that Disney's CEO, Bob Iger, can fulfill his promises, stating that if Disney succeeds, Trian Fund Management will not intervene again.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:47 pm

PBR

CNN Brasil reports that the dismissal of Petrobras CEO Prates is imminent, with BNDES head Mercadante being considered as a potential replacement. This development could signal a shift in leadership and possibly strategy for the state-controlled oil giant.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:40 pm

CVX

Chevron Corp (NYSE:CVX) has invested $45 million in Series A financing in ION Clean Energy, a Boulder, Colorado-based technology company specializing in carbon capture technology. This investment aims to support the growth and commercial rollout of ION's ICE-31 liquid amine carbon capture technology, targeting hard-to-abate emissions. The collaboration is part of Chevron's strategy to expand its technology portfolio and address emissions from industries with high-volume but low-concentration CO2 emissions, marking a significant step towards a lower carbon future.

Portfolio Pulse from Akanksha Bakshi

April 04, 2024 | 2:36 pm

MQ

SQ

The Bear Cave released a report on Marqeta (MQ), criticizing its financial stability and its association with facilitating criminal payments through Cash App, owned by Block (SQ). Marqeta, a card issuing platform, is under scrutiny due to its major customer Block and banking partner Sutton Bank facing regulatory investigations. The report highlights Marqeta's role in processing payments for a child pornography site, emphasizing the use of Cash App for transactions. Marqeta's revenue heavily relies on Block, contributing 68% in 2023. Despite controversies, Marqeta's payment processing volume doubled from 2021 to 2023.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:32 pm

COIN

EWC

Coinbase has been registered as a Restricted Dealer in Canada, marking it as the first international and largest cryptocurrency exchange to achieve this status in the country. This follows its formal launch in Canada in August 2023 and is part of its commitment to regulatory compliance and operational excellence. Coinbase's registration is a result of collaboration with Canadian regulators, banks, investment advisors, and pension funds. A survey conducted by Coinbase found that 72% of Canadians view regulation of cryptocurrency exchanges as important, with 29% more inclined to buy cryptocurrency under more regulation. Coinbase's Canadian expansion includes partnerships, hiring local employees, and investments through Coinbase Ventures in Canadian tech companies.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:07 pm

DIS

Disney's CEO, Bob Iger, emphasized the need for increased engagement and reduced marketing costs for its streaming services, as reported by CNBC.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:05 pm

DIS

Disney CEO Bob Iger commented on the use of the term 'woke', stating it is used too liberally. He emphasized the need for Disney to prioritize being an entertainment-first company, according to CNBC.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:01 pm

GS

Proxy adviser Glass Lewis supports the proposal for an independent chair at Goldman Sachs and recommends voting against the executive pay at the company, according to a Reuters report.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:59 pm

DIS

Disney CEO Bob Iger, in a CNBC interview, emphasized the need for consolidation in the streaming industry, suggesting that the current market is too fragmented.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:53 pm

DIS

Disney CEO Bob Iger announced plans to achieve double-digit margins for the company's streaming business, signaling a strong focus on profitability in the near future.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:49 pm