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AAPL

GOOG

META

MSFT

MUSQ

NFLX

SONY

WBIL

Sony Group Corp (NYSE:SONY) has paused PlayStation VR2 production due to unsold inventory, facing challenges in the VR market alongside Meta, Apple, and others. The industry sees consolidation, with job cuts and game cancellations. Sony's Q3 fiscal 2023 sales grew 22% YOY, and it explores new strategies like PC title access for PSVR2. Investors can access Sony through WBIL and MUSQ ETFs. SONY shares rose 2.08% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 18, 2024 | 12:12 pm

BHP

BHP Group Ltd (NYSE:BHP) has reduced its contractor workforce at the West Musgrave project in Western Australia by about a quarter, impacting around 100 individuals. This decision comes as BHP considers freezing its nickel division due to a significant decline in nickel prices. The company had previously announced a review of the mine's development timeline and flagged a $2.5 billion non-cash impairment charge related to the division. Despite the workforce reduction, BHP shares are trading higher by 0.79% at $56.11 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 18, 2024 | 11:54 am

LOGI

Logitech International S.A. (NASDAQ:LOGI) shares dropped in premarket trading after announcing CFO Charles 'Chuck' Boynton's departure in May to pursue another career. The company will name his successor later and confirmed its FY24 outlook for sales and adjusted operating income, despite potential headwinds and uncertainties affecting net sales in FY25.

Portfolio Pulse from Lekha Gupta

March 18, 2024 | 11:41 am

OCTO

Eightco has appointed Paul Vassilakos as its new Executive Chairman and CEO. Kevin O'Donnell, who held the position of Executive Chairman since October 2021 and served as Interim CEO for the last month, will continue as a board member. Brian McFadden, the previous CEO, will resign from his position.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:39 am

MLNK

MeridianLink, Inc. announced the resignation of Cody Cowan from its Board and Sean Blitchok as CFO, effective March 15 and April 1, 2024, respectively. Laurence E. Katz has been appointed as the new CFO and Director starting April 1, 2024. Blitchok's resignation includes a transition agreement without severance but with consulting fees through September 30, 2024. Katz brings extensive experience from previous roles at StubHub, Genesys, JPMorgan Chase & Co., and The Walt Disney Company.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:46 am

MLNK

MeridianLink announced that Sean Blitchok will resign as CFO on April 1, and Larry Katz will replace him as the new CFO and board member.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:32 am

LOGI

Logitech has announced the departure of CFO Chuck Boynton, with a successor yet to be announced. Despite this change in leadership, the company has reaffirmed its financial outlook for 2024.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:58 am

BTCUSD

The weekend financial news roundup covered topics from Bitcoin's potential to address the U.S. national debt, Edward Snowden's critique of Janet Yellen, to the unexpected rise in inflation affecting Federal Reserve decisions. Coinbase CEO Brian Armstrong suggested Bitcoin as a solution to the national debt crisis. Edward Snowden highlighted a contradiction in Yellen's statements regarding U.S. financial capabilities. Inflation rates exceeding expectations in February 2024 are likely to influence the Federal Reserve's upcoming decisions, with persisting inflation adding pressure on Fed Chair Jerome Powell. Additionally, Dave Ramsey criticized the traditional retirement paradigm, advocating for a re-evaluation of life and financial planning.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 10:45 am

UBER

Uber Technologies will have to cease its transport network operations in Minneapolis when a new minimum wage ordinance becomes effective on May 1, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 2:54 pm

GOOG

GOOGL

Alphabet Inc.'s Google is shutting down its experimental social network, Keen, launched in 2020 under its Area 120 incubator. Despite its innovative use of machine learning for content recommendations, Keen hasn't been updated since December 2021 and will close on March 24, with all user data being deleted. This follows a pattern of project closures and layoffs within Google, including over 1,000 staff in non-hardware teams.

Portfolio Pulse from Rounak Jain

March 15, 2024 | 1:43 pm