Streetbeat News

Corporate Responsibility

UL

Unilever's CEO is reportedly making a strategic shift in the company's direction with the support of Nelson Peltz, a notable activist investor. This move is seen as a significant change in strategy for Unilever, aiming to enhance growth and shareholder value.

Portfolio Pulse from Charles Gross

February 12, 2024 | 9:51 am

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), has announced a commitment of 25 million euros ($26.98 million) to enhance AI skills in Europe. This investment aims to address inequalities in the AI sector by working with social enterprises and non-profits. The initiative includes launching 'growth academies' and expanding free online AI training courses to 18 languages. This move follows the launch of Google's Gemini AI and amidst challenges such as the controversy over Bard's misinformation and stringent EU regulations.

Portfolio Pulse from Benzinga Neuro

February 12, 2024 | 9:07 am

SEALSQ

SEALSQ enters the AI chip market with an advanced AIoT strategy, combining AI and IoT technologies into a fully integrated platform. This move aims to revolutionize digital transformation and innovation for its customers through a foundation of semiconductors, smart sensors, IoT systems, AI technologies, and an expansive data cloud.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 7:08 am

SAP

SAP SE's Supervisory Board has nominated Pekka Ala-Pietilä as the new member and potential successor to Chairman Hasso Plattner. Ala-Pietilä will be up for election at the next Annual General Meeting for a two-year term. Additionally, Punit Renjen will resign from the SAP Supervisory Board due to differing views on the role of the chair, effective May 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 7:02 am

TSLA

The Dawn Project launched a Super Bowl ad campaign targeting Tesla Inc. (NASDAQ:TSLA) for safety issues with its self-driving software. The ads, featuring real crash footage, urge a boycott of Tesla, highlighting the company's inaction following fatal crashes and the NHTSA's calls for a ban on the software. This campaign is part of ongoing efforts to raise safety concerns about Tesla's Full Self-Driving software.

Portfolio Pulse from Benzinga Neuro

February 12, 2024 | 6:10 am

VFC

Engaged Capital, an activist investment firm, has gained the support of heirs to VF Corp (VFC), the owner of The North Face, in its campaign for changes within the company. The firm, holding a significant stake in VFC, is pushing for a strategic overhaul, including board changes, to enhance shareholder value.

Portfolio Pulse from Charles Gross

February 12, 2024 | 12:54 am

AZN

DAL

TMUS

WMT

Companies like Walmart, Delta Air Lines, and T-Mobile are using AI-powered tools by startup Aware to monitor communications on platforms like Slack and Microsoft Teams. This technology aims to detect inappropriate behaviors and provide real-time insights into employee sentiment, marking a shift from traditional survey methods. Delta Air Lines, for instance, uses Aware's analytics and eDiscovery tools for sentiment tracking and feedback collection. The adoption of such AI monitoring tools has sparked privacy and ethics debates.

Portfolio Pulse from Bibhu Pattnaik

February 10, 2024 | 7:56 pm

TSLA

Tesla Inc (NASDAQ: TSLA) has announced a significant pay raise for its U.S. factory workers, with hourly wages now ranging from $22 to $39. The adjustment reflects regional cost of living differences, with higher wages in California compared to Nevada and Texas. The new pay structure includes seven levels of compensation and introduces a performance-based bonus system named Cyber Wallet, offering paid time off, cash rewards, or stock options. This move comes amid growing unionization momentum within the industry.

Portfolio Pulse from Bibhu Pattnaik

February 10, 2024 | 7:46 pm

SGAMY

Sega Sammy Holdings Inc - ADR (OTC:SGAMY) issued a financial warning due to disappointing holiday sales in 2023, citing weak sales of new games and losses from inventory write-downs. The company highlighted sluggish sales in Europe and the US, attributing it to economic challenges like inflation. Despite some successful titles, Sega does not expect to offset the lower sales and profits for the financial year. The company is undergoing structural reforms, including project cancellations and management changes.

Portfolio Pulse from Franca Quarneti

February 10, 2024 | 2:04 pm

DIS

PLTR

PYPL

TSLA

Benzinga's analysis highlights the S&P 500 and Nasdaq 100's positive performance, driven by AI optimism. Treasury Secretary Janet Yellen expressed concerns about digital assets and the commercial real estate sector, advocating for regulatory action and fiscal sustainability. Bullish views were shared on Tesla, Palantir, and a meme coin named Floki, while bearish perspectives focused on the market dominance of tech giants, Disney's diversity policies, and PayPal's conservative outlook for 2024.

Portfolio Pulse from Michael Cohen

February 10, 2024 | 1:39 pm