Streetbeat News

Labor Issues

WBD

Warner Bros. Discovery, Inc. (NASDAQ:WBD) shares rose after CNN Worldwide Chairman and CEO Chris Licht stepped down. An interim leadership team has been established while the company searches for a replacement.

Portfolio Pulse from Ryan Gustafson

June 07, 2023 | 5:54 pm

DB

Deutsche Bank (NYSE:DB) is streamlining its mortgage unit, which may result in job cuts through attrition and reassignments. The bank aims to achieve incremental cost savings of €2.5 billion by reducing non-client-facing staff and simplifying the mortgage platform.

Portfolio Pulse from Nabaparna Bhattacharya

June 07, 2023 | 5:03 pm

WBD

CNN CEO Chris Licht is stepping down after a turbulent tenure, drawing criticism for programming decisions and facing internal backlash. He was appointed CEO when Warner Bros. Discovery Inc (NASDAQ:WBD) took control of the network. Licht will be replaced within 48 hours.

Portfolio Pulse from Vandana Singh

June 07, 2023 | 1:24 pm

FTK

Flotek Industries has promoted its President, Ryan Ezell, to the position of CEO. Ezell will continue to lead the company's growth and strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 1:03 pm

WBD

CNN CEO Chris Licht is leaving the company, and Amy Entelis, a long-time top executive, will take over until a new leader is chosen by parent company WarnerMedia (WBD).

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:36 pm

SPY

Treasury Secretary Janet Yellen stated that an unemployment rate starting with 'four' indicates a very strong labor market. This comes as the US economy continues to recover from the pandemic.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:07 pm

SPY

US Treasury Secretary Yellen stated that there is a path to reducing inflation while maintaining a strong labor market, and noted signs of easing in the labor market.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:06 pm

LOVE

Lovesac's EVP and CFO, Donna Dellomo, is retiring and will take on a Senior Strategic Advisory role. Keith Siegner will become the new CFO effective June 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 11:03 am

PEV

Phoenix Motor has named its Chairman Xiaofeng Peng as the new CEO, replacing Lance Zhou with immediate effect. Peng will continue to serve as Chairman of the Board of Directors in addition to his CEO duties.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 10:37 am

MARA

Marathon Digital Holdings has appointed Salman Khan as its new CFO. Khan previously held various roles at Verb, including interim CFO and executive vice president of corporate development and strategic planning.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 10:01 am