Streetbeat News

Corporate Responsibility

TSLA

Tesla Inc CEO Elon Musk is conflicted daily between driving his Model S sedan or the stainless steel Cybertruck. The Model S is equipped with Tesla's full self-driving (FSD) software, unlike the Cybertruck, which lacks several driver assistance functionalities. Musk has praised the Model S for its features and called it his favorite car to drive, while he describes the Cybertruck as a 'truly special product' with 'insane technology.' However, Musk noted that the Cybertruck is the lowest priority for FSD software due to its limited presence on the roads compared to other Tesla models.

Portfolio Pulse from Anan Ashraf

March 02, 2024 | 11:01 am

MSFT

TSLA

Elon Musk has filed a lawsuit against OpenAI and its CEO Sam Altman, accusing them of deviating from the company's original non-profit goals towards profit orientation, primarily to benefit Microsoft, which has invested $13 billion in OpenAI. The lawsuit reveals past communications where Altman valued Musk's involvement in recruiting talent and setting the company's direction.

Portfolio Pulse from Rounak Jain

March 02, 2024 | 9:54 am

TM

Toyota Motor North America's CEO, Ted Ogawa, predicts battery electric vehicles (BEVs) will make up about 30% of the U.S. new-vehicle market by 2030, half of the EPA's target. The company plans to align its strategy with consumer demand, even if it means buying credits to meet regulations. Toyota faces criticism for its diversified fuel strategy and concerns about competition from Chinese automakers entering the U.S. market through Mexico.

Portfolio Pulse from Anan Ashraf

March 02, 2024 | 5:46 am

AAPL

IBIT

MSFT

NYCB

QQQ

SPY

Stock markets rose further with the Nasdaq 100 and S&P 500 hitting record highs, driven by favorable inflation data and strong corporate earnings. Bitcoin surpassed $60,000, while New York Community Bancorp's stock plummeted due to internal turmoil. Elon Musk sued OpenAI, alleging a shift towards profit generation for Microsoft. Bitcoin ETFs experienced record inflows, and Goldman Sachs dropped Apple from its conviction list but maintained a 'Buy' rating.

Portfolio Pulse from Piero Cingari

March 01, 2024 | 9:35 pm

MSFT

Toys For Bob, known for creating Crash Bandicoot 4 and the Spyro remastered collection, announced its departure from Activision, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), to pursue independent development. Despite the optimistic outlook and support from Activision and Microsoft, the studio has not revealed any specific plans for future projects. This move comes after recent layoffs and challenges, including the discontinuation of updates for Crash Team Rumble.

Portfolio Pulse from Franca Quarneti

March 01, 2024 | 9:28 pm

BA

SPR

Boeing (NYSE:BA) has confirmed preliminary discussions about potentially reacquiring Spirit AeroSystems (NYSE:SPR), aiming to strengthen aviation safety, improve quality, and benefit customers, employees, and shareholders. However, there's no assurance an agreement will be reached.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:18 pm

FPH

Five Point Holdings, LLC (NYSE:FPH) announced the appointment of Mike Alvarado as Chief Operating Officer, effective immediately. Alvarado, who has over 30 years of experience in real estate, will also continue his roles as Chief Legal Officer, Vice President, and Secretary. His extensive background includes nearly 20 years at Allen Matkins Leck Gamble Mallory & Natsis LLP and significant involvement in Five Point's operations and development strategies. CEO Dan Hedigan expressed confidence in Alvarado's ability to drive shareholder value through efficient execution of the business plan and oversight of entitlement efforts.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:17 pm

GO

Grocery Outlet announced the appointment of Lindsay E. Gray as Interim CFO while continuing their search for a permanent CFO with the help of a leading executive search firm, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:11 pm

CURO

CURO Group Holdings Corp. (NYSE:CURO) has entered into forbearance agreements with the majority of its lenders and obtained a waiver for certain defaults, allowing the company to continue discussions to strengthen its balance sheet. The agreements prevent lenders from exercising remedies against CURO until March 18, 2024, aiming to improve financial flexibility and support growth. Details are disclosed in a Form 8-K filed with the SEC.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:06 pm

GEHC

The FDA has classified the recall of Datex-Ohmeda's EVair air compressors as a Class I recall due to the discovery of formaldehyde emissions under specific conditions. These compressors are used with Engstrom Carestation or Pro ventilators.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 8:07 pm