Streetbeat News

Labor Issues

PMN

ProMIS Neurosciences has appointed Neil Warma as the Interim Chief Executive Officer. This executive change could signal a new strategic direction or stabilization for the company.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:17 pm

EWG

Germany's unemployment rate remained stable at 5.9% in December, aligning with the market expectations of 5.9%.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 8:56 am

EWG

Germany's unemployment change for December was reported at 5K, significantly lower than the estimated 20K and the previous 22K. This indicates a stronger than expected labor market in Germany.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 8:56 am

EGO

Eldorado Gold has announced the appointment of Paul Ferneyhough as its new Executive Vice President and Chief Financial Officer, effective January 2, 2024. He will be taking over from Philip Yee, who is set to retire on the same date.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 10:12 pm

IBM

Matthew Candy, IBM's Global Managing Partner for AI, suggested that a computer science degree might not be necessary for tech industry roles due to AI's evolution. AI could streamline product creation and emphasize soft skills like critical thinking and creativity. This reflects a broader trend where AI is expected to disrupt various sectors and prioritize soft skills. IBM's recent acquisitions of StreamSets and webMethods for €2.13 billion ($2.34 billion) underscore its commitment to AI and hybrid cloud, aiming to enhance its Watsonx platform with new data ingestion capabilities.

Portfolio Pulse from Benzinga Neuro

January 02, 2024 | 9:23 am

BUD

QSR

SPOT

Analysts have upgraded Spotify Technology (SPOT), Anheuser-Busch Inbev SA (BUD), and Restaurant Brands International Inc. (QSR) despite concerns of a potential recession in 2024. Spotify's strong financials and workforce reduction are expected to drive profitability, with Pivotal Research and Rosenblatt Securities setting price targets of $265 and $300, respectively. Anheuser-Busch is recovering from a sales decline due to a controversy, with JPMorgan setting a price target of $79. Restaurant Brands is expected to see increased revenue from holiday sales, with RBC Capital and BMO setting price targets of $87 and $85, respectively.

Portfolio Pulse from Aditi Ganguly

January 01, 2024 | 3:00 pm

AAL

DAL

JBLU

SAVE

UAL

Major airlines have called on the Biden administration to take further action to mitigate flight delays and cancellations resulting from air traffic control staffing shortages and the impact of private planes. The airlines are urging for measures that would help improve the efficiency and reliability of the air traffic control system.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 7:16 pm

ARGT

EDN

Argentina's President Javier Milei's reform bill has led to protests and a planned general strike by the CGT union. The bill includes controversial measures such as government employee layoffs, privatization of public companies, and constitutional reforms. The market has reacted negatively, with the S&P Merval index falling 2.5% and 17 out of 23 companies losing ground. However, individual stocks like Edenor (EDN) have seen significant gains year-to-date. The Global X MSCI Argentina ETF (ARGT) initially rose 24% post-election but may be impacted by the current unrest.

Portfolio Pulse from Neil Dennis

December 29, 2023 | 3:41 pm

MMAT

Ahmed Shebl, the Interim CFO of Meta Materials, has resigned from the company as of December 23, according to an 8-K filing.

Portfolio Pulse from Charles Gross

December 29, 2023 | 1:57 pm

TSLA

Tesla, Inc. (TSLA) faces unionization challenges in Nordic countries, with Sweden's IF Metall leading strikes for a collective bargaining agreement. The movement has gained support from Nordic politicians and U.S. Senator Bernie Sanders. The strikes have disrupted Tesla's operations in the region, with Danish labor union 3F joining the action. Tesla's labor costs in the U.S. are reported to be lower than legacy automakers, and the UAW has shown interest in organizing Tesla's workers. Tesla's stock rose 0.88% to $255.40 in premarket trading.

Portfolio Pulse from Shanthi Rexaline

December 29, 2023 | 11:59 am