Streetbeat News

Corporate Responsibility

Boeing Co (NYSE:BA) CEO Dave Calhoun faces scrutiny amid a series of crises, including mid-flight emergencies and business setbacks, leading to a significant drop in the company's stock value. Despite these challenges, Calhoun's compensation was increased in 2022. The crises have raised questions about Calhoun's leadership and Boeing's future.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 8:20 am

GOOG

GOOGL

Several top websites, including The New York Times, CNN, BBC, Yelp, and Business Insider, have started using the Google-Extended tool to block Alphabet Inc.'s Google (GOOGL) (GOOG) from using their content to train AI models. This move, affecting about 10% of the top 1,000 websites, is seen as a response to the potential threat AI models pose to traditional web traffic distribution. The adoption of Google-Extended is lower compared to other AI training data blockers, with concerns about being excluded from AI-generated results.

Portfolio Pulse from Ananya Gairola

March 15, 2024 | 7:38 am

ADBE

GOOG

GOOGL

Adobe Inc.'s AI image creation tool, Firefly, has been criticized for inaccuracies in racial and ethnic depictions, similar to issues faced by Alphabet Inc.'s Google Gemini AI. Both AI services have faced backlash for their depiction of historical figures and events. Adobe responded by emphasizing their commitment to responsible innovation and diverse dataset training, acknowledging the challenges in avoiding stereotypes with AI. The controversy underscores the difficulties in developing AI tools that accurately represent history without perpetuating harmful stereotypes.

Portfolio Pulse from Ananya Gairola

March 15, 2024 | 3:25 am

TSLA

Ross Gerber, a significant investor in Tesla Inc (NASDAQ:TSLA), has suggested that Tesla's recent stock decline could be reversed by a change in CEO Elon Musk's behavior or his replacement. The stock has fallen over 36% this year due to poor earnings, a lackluster product lineup, and broader market challenges. Wells Fargo downgraded Tesla's stock with a price target of $125, citing a 'growth company with no growth'. Despite this, Dan Ives of Wedbush Securities predicts a 77% rebound in Tesla's stock within the next 12 months, suggesting improvements to Musk's compensation and share control as solutions.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 2:17 am

SSTK

Elon Musk has accused OpenAI of stealing data after an interview with CTO Mira Murati raised questions about the AI model Sora's data sourcing. Murati confirmed using publicly available and licensed data, including from Shutterstock, for training Sora. This has led to speculation about the ethical implications of using such data. Musk, who co-founded OpenAI and left in 2018, has been critical of the company's practices, including its partnership with Shutterstock to train AI models. This controversy adds to the ongoing rift between Musk and OpenAI, amidst global concerns over ethical AI use.

Portfolio Pulse from Ananya Gairola

March 15, 2024 | 1:52 am

SSNLF

TSM

The U.S. government is reportedly set to provide over $6 billion to Samsung Electronics (OTC:SSNLF) to expand its chip production in the U.S., as part of the 2022 Chips and Science Act. This move aims to boost domestic chip production amid a global shortage and reduce dependence on foreign manufacturers. Additionally, Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is also expected to receive over $5 billion in funding, highlighting the U.S. government's commitment to fostering competition in the chipmaking industry.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 1:43 am

Macy's announced the nomination of Douglas W. Sesler for election to its board, replacing Francis S. Blake who will not seek reelection due to the mandatory retirement age policy. Blake has served since 2015.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:01 pm

BLK

BND

SPY

VEA

VIG

VOO

VTI

VTV

VUG

Vanguard, the second-largest ETF issuer globally, is known for its diverse portfolio and low fees, but notably lacks a Bitcoin ETF. With $2.5 trillion in AUM, it trails BlackRock Inc. (BLK) and emphasizes traditional investment vehicles over speculative assets like cryptocurrencies. Vanguard's conservative approach is highlighted by its absence of commodities, currency, or Bitcoin-related ETFs, citing the speculative nature and lack of inherent economic value in cryptocurrencies. Instead, Vanguard focuses on blockchain technology for capital market efficiency.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 8:47 pm

RDUS

Radius Recycling announced preliminary Q2 results, highlighting challenging market conditions. The company has increased its cost reduction target in response.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:42 pm

EIG

Employers Holdings, Inc. (NYSE:EIG) announced a leadership change with Michael J. McSally stepping down as Board Chair, to be succeeded by Jeanne L. Mockard on March 20, 2024. McSally, who has been on the Board since 2013 and Chair since 2020, will remain a board member. Mockard, a board member since 2018, brings extensive financial and investment experience to her new role.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:36 pm