Streetbeat News

Labor Issues

SPY

The USA JOLTs Job Openings report for February showed a slight decrease to 8.756 million from the previous 8.748 million, narrowly missing the estimated 8.760 million. This indicates a marginal change in the job market, potentially impacting investor sentiment and market dynamics.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:00 pm

VEEV

Veeva Systems announced that Brent Bowman's tenure as CFO and Principal Financial Officer will conclude on April 1, 2024. Tim Cabral, who served as CFO from 2010-2020, will step in as interim CFO and PFO until a successor is appointed, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:29 pm

SNSE

Sensei Biotherapeutics announced that its CFO will resign from all positions with the company effective April 10, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:49 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has become the largest private employer in Austin, Texas, with a workforce of 22,777, marking an 86% increase. The company's Giga Texas employees receive an average annual compensation of $47,147, or $35.75 per hour, with new hires starting at $30.14 per hour. Tesla mandates a minimum wage of $15 per hour for contract labor. This growth contrasts with the Detroit Three automakers, where post-strike agreements have led to projected top wages exceeding $42 per hour by 2028. Tesla's Texas factory, a key manufacturing hub, was developed from a derelict mining area into a sprawling facility.

Portfolio Pulse from Anan Ashraf

April 02, 2024 | 10:56 am

AAPL

Charlie Deets, a lead designer for Apple Inc.'s Safari browser, has left the company to join The Browser Company, known for the Arc web browser. Deets, who contributed to Safari's design for five years, is expected to enhance The Browser Company's innovative efforts in the browser market. This move comes as The Browser Company, which recently raised $50 million at a $550 million valuation, plans to expand its Arc browser across multiple platforms.

Portfolio Pulse from Ananya Gairola

April 02, 2024 | 6:32 am

OTGLY

CD Projekt ADR (OTC:OTGLY), a leading video game developer known for Cyberpunk 2077 and The Witcher, reported a net profit of over $120 million for 2023, marking its second-best year. The success was largely attributed to the release of the Cyberpunk 2077 expansion pack, Phantom Liberty, which sold over 5 million copies. Despite this success, the company faced layoffs in summer 2023, reducing its workforce by 9%. Looking ahead, CD Projekt is focusing on the development of The Witcher 4: Polaris and planning its next Cyberpunk installment, Orion, along with a live-action Cyberpunk project.

Portfolio Pulse from Franca Quarneti

April 01, 2024 | 7:29 pm

SBEV

Splash Beverage's stock trades lower following the announcement of CFO Stacy McLaughlin's resignation.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:23 pm

SBEV

Splash Beverage Group announced the resignation of its CFO effective March 29, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:22 pm

ALK

BA

UAL

United Airlines Holdings Inc (NASDAQ:UAL) is urging pilots to take unpaid leave due to delays in aircraft deliveries from Boeing Company (NYSE:BA), impacting United's expansion plans. The delays are attributed to Boeing's production and certification issues, affecting United's 2024 forecast block hours. The situation has led to adjustments in United's expected deliveries from Boeing and has been a concern for United's CEO Scott Kirby. Boeing's CEO Dave Calhoun announced his departure amid these challenges. United Airlines' stock saw a slight increase of 0.46% to $48.10.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 5:06 pm