Streetbeat News

Corporate Responsibility

SSRM

SSR Mining Inc. has updated on the Çöpler mine incident in Türkiye, announcing a temporary suspension of search and rescue activities for stabilization efforts. The company is cooperating with government requests and has postponed its Q4 and full-year 2023 financial results to Feb 27, 2024, with a conference call scheduled for 5:00pm EST.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:25 am

TSLA

Cathie Wood, CEO of Ark Invest Management, criticized a Delaware judge's decision to nullify Elon Musk's 2018 compensation plan, calling it 'un-American' and 'anti-investor.' She defended Tesla's move to Texas and Musk's demand for 25% voting control, emphasizing the need for visionary leaders in disruptive innovation. Musk shared Wood's interview on X, endorsing her views. Tesla's stock ended down 0.25% at $199.95.

Portfolio Pulse from Shanthi Rexaline

February 20, 2024 | 5:06 am

OLN

Olin Corporation has announced Kenneth Lane as its new President and Chief Executive Officer, taking over from Scott Sutton. This leadership change is part of the company's ongoing strategic planning and is expected to guide Olin through its next phase of growth and development.

Portfolio Pulse from Charles Gross

February 19, 2024 | 9:35 pm

TSLA

Tesla Inc (NASDAQ:TSLA) hosted a 'safety research day' focusing on its vehicle safety advancements, including autopilot technology. The event, led by VP of Vehicle Engineering Lars Moravy, included leaders from government, academia, and NGOs. Tesla aims to share its safety findings with regulators and researchers for public benefit. This initiative follows recent media scrutiny over Tesla's full self-driving beta software related to a fatal accident. CEO Elon Musk defended the software, suggesting the accident might have been avoided if FSD had been engaged.

Portfolio Pulse from Anan Ashraf

February 19, 2024 | 6:20 pm

META

Mark Zuckerberg, CEO of Meta Platforms Inc. (NASDAQ:META), shared an amusing story about his daughter mistaking him for a cattle rancher due to his diverse hobbies, including cattle ranching on his $100 million ranch in Kauai. This anecdote was shared on the Morning Brew Daily podcast, highlighting Zuckerberg's multifaceted life and interests beyond his role at Meta.

Portfolio Pulse from Rounak Jain

February 19, 2024 | 3:33 pm

AAPL

A counterfeit cryptocurrency app named 'Rabby Wallet & Crypto Solution' on Apple Inc.'s App Store has scammed users, including a reported loss of $5,000. Despite being reported, the app remained accessible for years. This incident raises concerns about the App Store's review process and Apple's ability to protect users from fraudulent apps. The situation is particularly significant as Apple CEO Tim Cook recently emphasized the company's commitment to security, amidst discussions on the EU's App Store regulations potentially compromising iPhone security.

Portfolio Pulse from Rounak Jain

February 19, 2024 | 3:15 pm

AAPL

Apple Inc.'s decision to support RCS in iMessage by 2024 is reportedly influenced more by China than Europe, contrary to previous beliefs. John Gruber's report suggests that pressure from China, where iPhones are under scrutiny, and the Chinese government's mandate for RCS support in new 5G devices, are key factors in this decision. This challenges the notion that the European Commission's Digital Markets Act influenced Apple's move.

Portfolio Pulse from Rounak Jain

February 19, 2024 | 2:13 pm

META

Mark Zuckerberg, CEO of Meta Platforms Inc. (NASDAQ:META), shared insights into his management style evolution, emphasizing his initial lack of a management style, his vision of being an engineer rather than a founder, and his belief in minimal delegation. He credited his growth to working with experienced individuals like Sheryl Sandberg and highlighted the importance of team dynamics. Zuckerberg also commented on the tech industry's trend towards layoffs and the proposed $7 trillion AI chipmaking plan by OpenAI's CEO, calling it necessary for AI's future.

Portfolio Pulse from Ananya Gairola

February 19, 2024 | 1:42 pm

META

Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg announced the development of an AI-powered wristband, following the reveal of Ray-Ban AI glasses in 2023. On the Morning Brew Daily podcast, Zuckerberg highlighted the wristband as a 'neural interface' that picks up nervous system signals, aiming to bring AI technology closer to everyday life. Unlike Elon Musk's Neuralink, this device will not be implanted. The AI wristband is part of Meta's broader efforts to integrate AI into physical products, enhancing user experiences in real-world applications.

Portfolio Pulse from Rounak Jain

February 19, 2024 | 12:26 pm

F

TSLA

Tesla Inc.'s (NASDAQ:TSLA) Cybertruck is challenging Ford Motor Co's (NYSE:F) dominance in the pickup truck market, historically led by the F-150. Despite Tesla's success with the Model Y, experts and consumers express mixed feelings about the Cybertruck's potential to dethrone the F-150. Factors such as design, price, and range are discussed, alongside Tesla's direct sales model and production capabilities compared to Ford's extensive dealer network and production volume. The article also touches on the broader EV market and consumer preferences.

Portfolio Pulse from Ramakrishnan M

February 19, 2024 | 12:13 pm