Streetbeat News

Labor Issues

SPY

The New York Fed's survey for November indicates that the 5-year ahead expected inflation rate remains unchanged at 2.7%. Respondents have mixed views on the labor market and anticipate moderating earnings growth.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:02 pm

SPY

The CB Employment Trends Index for November was reported at 113.05, slightly down from the prior value of 113.09.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 3:01 pm

GFS

SLAB

John Hollister, CFO of Silicon Labs (NASDAQ:SLAB), is set to join GlobalFoundries as its new CFO. Mark Mauldin, currently the chief accounting officer at Silicon Labs, will become the interim CFO after the transition, which is expected to be completed by February 2, 2024. Silicon Labs is actively searching for a new CFO to help scale the company's position in the Internet of Things market.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:05 pm

TT

Trane Technologies has appointed Riaz Raihan as its Chief Digital Officer, effective December 11. This strategic move could enhance the company's digital transformation efforts and potentially impact its operational efficiency and market competitiveness.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:38 am

ALLR

Allarity Therapeutics announced the termination of James Cullem as CEO and the appointment of Thomas Jensen as the new CEO on December 8, 2023.

Portfolio Pulse from Charles Gross

December 11, 2023 | 11:33 am

FSR

Fisker has announced the hiring of Wolfgang Hoffmann as Country Manager for Canada and Amira Aly as VP of Sales for the United States, bolstering its executive team as it expands its market presence in North America.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:32 am

GIL

Gildan Activewear announced that Glenn J. Chamandy has departed from his roles as President, CEO, and Director. Vince Tyra has been appointed as the new President and CEO, effective February 12, 2024. Craig A. Leavitt will act as Interim President and CEO until Tyra takes over.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:04 am

FCN

FTI Consulting, Inc. (NYSE:FCN) has expanded its Corporate Finance & Restructuring segment in Tokyo with the appointment of Go Matsumoto as a Senior Managing Director and Eiji Michihiro as a Senior Advisor. This move signifies the company's commitment to strengthening its presence and services in Japan.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:06 am

BLBD

CASY

LULU

ORCL

RH

The CNN Money Fear and Greed index indicated an increase in market sentiment, remaining in the 'Greed' zone. U.S. stocks, including the S&P 500, closed higher following positive November jobs data. Lululemon Athletica Inc reported strong Q3 results, causing its shares to rise over 5%, while RH shares fell 14% after an unexpected Q3 loss. The Dow Jones, S&P 500, and Nasdaq Composite all closed higher on Friday. Investors are looking forward to earnings results from Oracle Corporation, Casey's General Stores, Inc., and Blue Bird Corporation.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 7:56 am

GOOGL

TSLA

Tesla, Inc. (TSLA) is facing a challenge with the departure of key executives, including AI Infra & AI Platform Engineering Manager Tim Zaman, who announced his move to Alphabet Inc.'s (GOOGL) (GOOG) DeepMind. Zaman's exit follows the departure of Ganesh Venkataramanan, head of the Dojo supercomputer project. AI is crucial for Tesla's autonomous driving technology, and these exits may impact the company's AI ambitions and its valuation, especially concerning robotaxi services.

Portfolio Pulse from Shanthi Rexaline

December 10, 2023 | 6:06 pm