Streetbeat News

Corporate Responsibility

BLK

JPM

JPMorgan Chase CEO Jamie Dimon expressed skepticism about Bitcoin, criticizing it for its alleged use in illicit activities and questioning the cryptocurrency's supply limit. He acknowledged the potential of blockchain and cryptocurrencies with use cases, particularly those involving smart contracts and tokenization. Dimon's views contrast with other financial leaders like BlackRock CEO Larry Fink, who supports the tokenization of financial assets. The Bitcoin community responded to Dimon's comments, defending Bitcoin's value proposition of absolute scarcity.

Portfolio Pulse from Khyathi Dalal

January 17, 2024 | 5:59 pm

DEO

Diageo plc (NYSE:DEO) closed at $142.85 on Dec. 15, with a 52-week range of $135.63 to $190.02. The company reported a 5% increase in dividends for the final quarter and fiscal year over the previous year and expects to declare an interim dividend for FY ending June 2024 in January. The annualized dividend is $3.08, yielding 2.7%. To earn $1,000 per month from dividends, an investment of approximately $444,444 is needed. Diageo has transitioned to reporting in U.S. dollars and will declare future dividends in USD. The stock price was $145.28 on Dec. 22.

Portfolio Pulse from Shankar Iyer

January 17, 2024 | 5:44 pm

AMZN

BRK.A

LVMHF

ORCL

TSLA

A report by Oxfam highlights the growing wealth inequality, with the top five richest people, including CEOs of Tesla, LVMH, Amazon, Oracle, and Berkshire Hathaway, increasing their wealth by 114% over the past three years. The wealth of the world's richest 10 people grew three times faster than inflation, while the poorest 60% saw a 0.2% decrease. The report suggests policy changes like wealth taxes and living wages to address the disparity.

Portfolio Pulse from Chris Katje

January 17, 2024 | 5:11 pm

CHPT

ChargePoint Holdings, Inc. (NYSE:CHPT) has seen its stock price drop over 20% in the past week following a strategic reorganization announcement, which includes a 12% workforce reduction. The company anticipates $33 million in annual savings and $14 million in restructuring charges. ChargePoint maintains a strong financial position with $397 million in cash and a $150 million undrawn credit facility. The stock is trading below its 50-day moving average and has a high short interest of 22.92%.

Portfolio Pulse from Erica Kollmann

January 17, 2024 | 5:05 pm

MSFT

At the Davos event, OpenAI CEO suggested that AI could evolve into a new computer operating system in the future. This statement underscores the potential for AI to become a foundational technology, akin to an operating system, which could have significant implications for companies like Microsoft (MSFT) that are investing heavily in AI.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 3:54 pm

PYPL

On CNBC, PayPal Holdings CEO Alex Chriss discussed the company's strategy and the future of PayPal and its service Venmo, which led to a spike in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 3:49 pm

AAPL

DIS

Walt Disney Company (NYSE:DIS) shares are trading lower despite announcements including Disney+ content streaming on Apple's (NASDAQ:AAPL) Apple Vision Pro at no extra cost, CEO Bob Iger's 2023 compensation doubling to $31.59 million, and the board's rejection of Nelson Peltz and James Rasulo's nominations by Trian Fund Management.

Portfolio Pulse from Erica Kollmann

January 17, 2024 | 3:36 pm

ALK

BA

Alaska Air Group Inc has started preliminary inspections on a group of its 737-9 MAX aircraft following the FAA's requirement for additional data from Boeing before approving the manufacturer's proposed inspection and maintenance instructions.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 3:23 pm

WBD

Mark Thompson, the new CEO of CNN, is making significant changes to the news operations and is considering a digital subscription model. He has announced a restructuring that will create a combined unit to serve TV, streaming, and digital platforms, and a new division to explore growth opportunities. Thompson, who took over in October, has emphasized the need for CNN to enhance its digital presence.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 3:09 pm

GOOGL

VGK

Google, part of Alphabet Inc. (GOOGL.O), is set to adjust its search results to comply with the EU's Digital Markets Act (DMA) by March 7. This includes promoting comparison sites more prominently and allowing business users to access their data on Google's platform. Changes will also involve testing a dedicated space for comparison sites in categories like hotels, and removing some features like the Google Flights unit. Additionally, Android users will be able to switch default search engines or browsers more easily, and European users will see a new consent banner for data sharing for targeted ads. Google expressed concerns that the DMA rules might limit choices for consumers and businesses in Europe.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 3:04 pm