Streetbeat News

Labor Issues

CAG

GSK

MGM

MSFT

NFLX

NVDA

NVO

PHG

PYPL

SHEL

SNAP

TSM

UBER

The article discusses various regulatory, financial, and operational updates from multiple companies. Key points include potential delays in the PGA Tour and LIV Golf merger due to regulatory concerns, Snap Inc facing UK regulatory hurdles over privacy concerns, Philips' ventilator device recall facing FDA's discontent, Micron's $15B investment in a new Idaho facility, Novo Nordisk's weight loss drugs posing serious stomach risks, Shell revising its Q3 FY23 operational outlook, MGM Resorts expecting a $100M blow from a recent cybersecurity breach, GSK cutting stake in Haleon, TSMC's earnings fueled by AI demand, Netflix's growth issues in India, Uber facing legal hurdles in EU, ConAgra considering a makeover in portion sizes amid diet drug wave, PayPal facing a class-action suit accused of forcing higher price, Nvidia, Intel, Qualcomm challenging Biden's China restrictions, and Microsoft nearing the completion of Activision Blizzard acquisition.

Portfolio Pulse from Vandana Singh

October 06, 2023 | 2:05 pm

AUVI

OMQS

PRZO

RVLP

SVFD

VVPR

US stocks traded lower following the release of September's jobs data. The Dow fell 0.44%, NASDAQ fell 0.69%, and the S&P 500 fell 0.61%. Nonfarm payrolls rose by 336,000 in September, above market estimates of 170,000. The unemployment rate remained at 3.8%, above market estimates of 3.7%. ParaZero Technologies, Applied UV, and RVL Pharmaceuticals saw their shares rise, while VivoPower International, OMNIQ Corp., and Save Foods saw their shares fall.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 1:42 pm

SGML

Brian Talbot, the COO of SGML, has resigned due to health reasons, effective from September 29.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 1:41 pm

BLMN

DKS

NWL

Three consumer stocks with over 3% dividend yields have been recommended by Wall Street's most accurate analysts. These include Newell Brands Inc. (NWL), DICK'S Sporting Goods, Inc. (DKS), and Bloomin' Brands, Inc. (BLMN). Recent news for these companies include a charge against Newell Brands by the SEC for misleading investors, Dick's Sporting Goods' plan to hire 8,600 seasonal workers for the holiday season, and Bloomin' Brands' Q2 sales growth of 2.4% YoY.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 12:31 pm

SPY

The USA unemployment rate for September was reported at 3.8%, which is the same as the prior month and slightly higher than the estimated 3.7%.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:30 pm

BXRX

Baudax Bio has appointed Natalie McAndrew as Interim CFO, effective immediately. She will also assume the duties of the Principal Financial Officer and Principal Accounting Officer, as Jillian Dilmore announced her resignation effective October 9.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:06 pm

CVX

Chevron has been actively engaged in efforts to finalize enterprise agreements for employees at its Gorgon and Wheatstone gas facilities. The company has accepted the Fair Work Commission's proposed terms to resolve outstanding claims.

Portfolio Pulse from Charles Gross

October 06, 2023 | 11:52 am

STLA

Jim Cramer, an industry expert, has suggested that Ford Motor Company may consider moving additional production to Mexico if the United Auto Workers (UAW) and Ford do not reach an agreement soon. The ongoing UAW strike, which started on Sep.15, has affected several plants operated by Ford, General Motors, and Stellantis. Ford CEO Jim Farley expressed disappointment over the stalled negotiations, accusing the UAW of holding the deal “hostage over battery plants” for electric vehicles.

Portfolio Pulse from Benzinga Neuro

October 06, 2023 | 7:22 am

General Motors (GM) is planning to cut software jobs, which will affect nearly 180 employees. The move is part of the company's ongoing efforts to streamline operations and reduce costs.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 10:00 pm

JNPR

Juniper Networks plans to reduce its global workforce by about 440 employees, incurring severance and related costs of around $40 million. Other restructuring costs are expected to be around $19 million. The restructuring plan, which was expanded in September 2023, is expected to be completed by Q1 2024. The company also disclosed about $14 million in costs related to asset impairments.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:20 pm