Streetbeat News

Labor Issues

GLD

QQQ

SPY

UUP

The number of Americans filing for unemployment benefits slightly increased last week, reaching 227,000. The ADP employment data for July revealed a substantial rise of 324,000 jobs, surpassing the anticipated 189,000. Futures on the S&P 500 Index and the Nasdaq 100 Index continued to slide in the premarket, down 0.2% and 0.3%, respectively. The SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.32%, while the Invesco QQQ Trust (NASDAQ:QQQ) was down 0.57%. The 10-year Treasury yield surged 6 basis points to 4.15%.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 1:22 pm

AEO

American Eagle Outfitters (AEO) has announced that its Chief Operations Officer, Michael Rempell, will be leaving the company in early FY24 after 23 years of service. The company has begun searching for a successor, and Rempell will remain in his role to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:16 pm

SPY

The USA Unit Labor Costs for Q2 have been reported at 1.6%, lower than the estimated 2.6% and the prior figure of 3.3%.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 1:14 pm

SPY

The Challenger Job Cuts for July have been reported at 23.697K, which is significantly lower than the prior figure of 40.709K.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:00 pm

WBD

Warner Bros. Discovery has announced that the ongoing WGA strike will impact its cash provided by operating activities by approximately $100 million.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:59 pm

SNN

Smith & Nephew's CFO, Anne-Françoise Nesmes, is set to step down in Q2 2024. The company's board has initiated an external search for her successor.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:42 pm

GORO

Gold Resource Corporation has appointed Chet Holyoak as its interim Chief Financial Officer, following the departure of Kim Perry.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:34 pm

QCOM

Qualcomm plans to implement additional restructuring actions, primarily workforce reductions, and anticipates incurring significant restructuring charges, with a substantial portion expected in Q4. The company aims to substantially complete the actions in H1.

Portfolio Pulse from Charles Gross

August 04, 2023 | 12:22 pm

SPR

Spirit AeroSystems' Q2 earnings per share (EPS) fell short of expectations, causing its shares to trade lower. The company also announced that the IAM strike will reduce its full-year 737 deliveries to 370-390 units.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:57 am

DIS

NFLX

PARA

WBD

Hollywood producers are seeking a meeting with striking writers, indicating a potential end to the stalemate. This could impact the operations of companies like Disney (DIS), Netflix (NFLX), Paramount (PARA), and Warner Bros. (WBD).

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:56 am