Streetbeat News

Labor Issues

RDCM

RADCOM Ltd. (NASDAQ:RDCM) announced the appointment of Mr. Hilik Itman as interim CEO, effective April 7, 2024, replacing Guy Shemesh who is stepping down due to personal reasons. Itman, previously COO and with 27 years at RADCOM, is tasked with leading the company during its search for a permanent CEO. The company aims to continue its focus on profitability and growth, maintaining the positive momentum of the past four years.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:08 pm

CBRG

Roger Lazarus, the CFO of Chain Bridge I, has resigned effective immediately, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:05 pm

AIR

AAR CORP. (NYSE:AIR) has initiated the expansion of its MRO facility in Oklahoma City, with the new facility expected to be operational by early 2026. This expansion, supported by a grant and rent concessions, aims to accommodate all 737 variants and is in line with a recently expanded maintenance commitment from Alaska Airlines. The project, which will create 200 additional full-time jobs, underscores AAR's growth and its collaboration with local and state entities, including the Oklahoma City Airport Trust.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:14 pm

SPY

Fed's Bowman anticipates further reductions in inflation within a robust economy, albeit at a slower pace this year. She notes the job market's strength partially stems from part-time workers and immigration. Additionally, Bowman advocates for cautious consideration regarding the enhancement of bank capital regulations.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 4:40 pm

MBGAF

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RIVN

TSLA

Workers at Mercedes Benz Group AG's Alabama factory petitioned for a UAW union election, aiming to file with the NLRB. The UAW claims over 5,000 workers support joining, with a vote expected by early May. Mercedes denies violating Germany's global supply chain law. The UAW's efforts extend to other non-union automakers like Hyundai, Toyota, Tesla, and Rivian, with UAW President Shawn Fain seeking to expand union representation. President Biden supports UAW's efforts. Volkswagen workers in Tennessee also seek a UAW vote.

Portfolio Pulse from Shivani Kumaresan

April 05, 2024 | 4:39 pm

BDSX

GCTS

HUBC

MDIA

STIX

ZGN

U.S. stocks traded higher with the Nasdaq Composite gaining over 200 points. The Dow and S&P 500 also saw increases. Notably, MediaCo Holding Inc. (MDIA) shares surged 207% after a significant stake acquisition by Standard General L.P. GCT Semiconductor Holding, Inc. (GCTS) and HUB Cyber Security Ltd. (HUBC) experienced substantial gains following a development MOU and financing announcement, respectively. Conversely, Semantix, Inc. (STIX), Ermenegildo Zegna N.V. (ZGN), and Biodesix, Inc. (BDSX) saw notable declines. The U.S. labor market outperformed expectations with 303,000 nonfarm payrolls added in March.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 4:19 pm

MGAM

Marco Welch has resigned as Chairman of Mobile Global Esports effective immediately, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 3:42 pm

BDSX

GCTS

HUBC

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MDIA

STIX

U.S. stocks traded higher with the Dow Jones gaining over 100 points, following a report that the U.S. economy added 303,000 jobs in March, surpassing expectations. MediaCo Holding Inc. (MDIA), GCT Semiconductor Holding, Inc. (GCTS), and HUB Cyber Security Ltd. (HUBC) saw significant stock price increases, while Semantix, Inc. (STIX), HWH International Inc. (HWH), and Biodesix, Inc. (BDSX) experienced declines.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 1:50 pm

SPY

Fed's Barkin highlighted an unbalanced mix in the reduction of inflation, pointing out the strength of the job market and employers' reluctance to lay off workers. This suggests ongoing inflationary pressures despite some improvements.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:42 pm

ENPH

Enphase Energy's shares are trading lower following the announcement that David Ranhoff, the company's Executive Vice President and Chief Commercial Officer, plans to step down from his position due to personal reasons.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:26 pm