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Ethereum trades below $3,400 after the ADP report showed U.S. private businesses added more workers than expected in March. Bitcoin slightly rose but stayed under $66,000. The global crypto market cap increased by 0.5% to $2.5 trillion. Ethena was the top gainer, while Stacks was the biggest loser among cryptocurrencies.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 1:31 pm

AON

Aon plc (NYSE:AON) announced the retirement of CFO Christa Davies in 2025. Davies will serve as CFO until Q3, then as a senior advisor to assist with the transition. Aon has begun its succession planning process for the next CFO. CEO Greg Case's employment has been extended to 2028. Davies' leadership contributed to Aon's strong financial performance and the development of Aon Business Services, supporting the Aon United strategy.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:04 pm

UUP

The ADP National Employment Report revealed that U.S. private employment grew by 184,000 jobs in March, surpassing expectations and indicating a resilient job market. The report, serving as a precursor to the Bureau of Labor Statistics' official data, showed significant job growth in services and goods production, with notable increases in leisure, hospitality, and construction sectors. Wage growth remained steady for job-stayers at 5.1%, while job changers saw a 10% increase. Following the report, the U.S. Dollar Index, as tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), experienced a slight increase, while U.S. equity futures faced a downturn.

Portfolio Pulse from Piero Cingari

April 03, 2024 | 12:45 pm

INTC

Intel Corp (NASDAQ:INTC) shares fell after announcing a $7 billion operating loss in its foundry business for 2023, down from $27.5 billion revenue in 2022. Intel aims for break-even margins by 2030 and appointed Lorenzo Flores as CFO of Intel Foundry. The company also introduced a new financial reporting structure to enhance transparency and drive cost discipline.

Portfolio Pulse from Adam Eckert

April 03, 2024 | 12:35 pm

EXLS

EXL announced the appointment of Rohit Kapoor as Board Chair, in addition to his current role as CEO. Vikram Pandit transitions to lead independent director, while Vikas Bhalla and Vivek Jetley are promoted to President of EXL.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 12:19 pm

SPY

The ADP National Employment Report for March showed that private sector employment increased by 184,000 jobs, surpassing the estimated increase of 148,000 jobs.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 12:15 pm

AMZN

Amazon.com Inc.'s 'Just Walk Out' technology, initially marketed as AI-powered, was actually reliant on 1,000 contractors in India for operation. Despite its innovative approach to cashier-less shopping, the technology required human intervention in 7 out of 10 sales, leading Amazon to shift focus towards 'Dash Carts' and traditional self-checkout systems in its Amazon Fresh stores. This pivot reflects the challenges and higher costs associated with the 'Just Walk Out' system.

Portfolio Pulse from Rounak Jain

April 03, 2024 | 11:10 am

LSPD

Lightspeed announced a reduction of 10% in its workforce to cut operating expenses and initiated a $140M share buyback program to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 11:05 am

VYGR

Voyager Therapeutics announced that the company and CFO Peter P. Pfreundschuh have entered into a transition, separation, and release of claims agreement. Pfreundschuh resigned from his position as CFO effective April 12, 2024.

Portfolio Pulse from Charles Gross

April 02, 2024 | 8:36 pm

ONMD

OneMedNet announces that Aaron Green, previously President, has now taken on the additional roles of CEO and board member following the retirement of former CEO Paul Casey. Casey will continue to serve on the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:10 pm