Streetbeat News

Labor Issues

EHTH

eHealth announces that COO and Chief Transformation Officer Roman Rariy will leave the company at the end of the year to become CEO of a manufacturing company. Michelle Barbeau, currently Chief Marketing Officer, will become Chief Revenue Officer starting January 1st, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:22 pm

ALNT

Allient has announced that Michael R. Leach, the Senior Vice President and CFO, has informed the company of his intention to retire at the end of April 2024.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:18 pm

ORGN

Origin Materials has announced a workforce reduction of approximately 30%, expecting to incur around $2.7 million in restructuring charges. This move is likely part of a cost-cutting strategy to improve financial stability and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:14 pm

AI

C3.ai's stock is trading lower after reports emerged that the company conducted job cuts last week.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 8:49 pm

CRM

MSFT

Salesforce CEO Marc Benioff has publicly offered to match the full cash and equity compensation for any OpenAI researcher who has resigned, inviting them to join Salesforce's Einstein Trusted AI research team. The team, led by Silvio Savarese, is part of Salesforce's successful enterprise AI platform, which has recently completed 1 trillion predictive and generative transactions.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 8:45 pm

MSFT

Nat Friedman, former CEO of Microsoft's GitHub, declined the offer to become Interim CEO of OpenAI. The offer came after OpenAI's board fired co-founder Sam Altman, leading to several senior resignations. OpenAI co-founder Ilya Sutskever confirmed Altman's non-reinstatement and announced Emmett Shear, Twitch co-founder, as the interim leader.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 8:19 pm

FSR

Fisker Inc. has experienced the departure of its second Chief Accounting Officer in less than a month, according to the Wall Street Journal citing sources. This executive turnover could raise concerns among investors regarding the stability of the company's financial management team.

Portfolio Pulse from Charles Gross

November 20, 2023 | 6:50 pm

ARGT

BA

C

MSFT

NVDA

PARA

PENN

USO

XLE

XLK

U.S. stocks are trading higher, with major indices in the green. The U.S. dollar index has fallen to its lowest since August. Oil prices have rallied, with WTI surpassing $78 per barrel ahead of an OPEC+ meeting. The Energy Select Sector SPDR Fund (XLE) is up 0.5%. Treasury yields are flat. Tech stocks lead gains, with the Technology Select Sector SPDR Fund (XLK) up 1%. Microsoft hired former OpenAI executives, boosting its shares by 2%. Nvidia (NVDA) is up 1% before its earnings release. Citigroup (C) rose after announcing layoffs. Boeing (BA) surged 4% after an upgrade from Deutsche Bank. Paramount Global (PARA) soared 6.5% after selling Bellator MMA. PENN Entertainment (PENN) rallied 7% after an upgrade from Bank of America. The United States Oil Fund (USO) increased by 3.1%. European and emerging market ETFs saw mixed results, with ARGT up 12% after Argentina's presidential elections. Cryptocurrencies Bitcoin and Ethereum are up.

Portfolio Pulse from Piero Cingari

November 20, 2023 | 6:35 pm

TCNNF

The CDC confirmed the first U.S. occupational asthma death linked to cannabis production at a Trulieve facility. Lorna L. McMurrey died after exposure to cannabis dust while working. Trulieve disputed some details, but the CDC report highlights the need for better prevention, including workplace exposure control and medical surveillance.

Portfolio Pulse from Nina Zdinjak

November 20, 2023 | 5:53 pm

F

Ford Motor Company has announced that it is on track to resume full production schedules at its assembly plants in Michigan, Kentucky, and Illinois, which were impacted by a recent strike. However, the company acknowledged that the new labor agreement resulting from the strike has added significant costs.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:47 pm