Streetbeat News

Labor Issues

SPY

Federal Reserve's James Bullard stated that companies are still scrambling for workers, indicating that job growth remains above trend. This could impact the overall market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:03 pm

MIGI

Mawson Infrastructure Group (MIGI) has appointed Rahul Mewawalla as its new CEO and President. Mewawalla brings extensive experience in technology, media, and telecommunications to the company.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 12:58 pm

MIGI

Mawson Infrastructure Group (MIGI) has announced the appointment of Rahul Mewawalla as its new CEO, replacing James Manning.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 12:56 pm

OSS

One Stop Systems (OSS) has announced the appointment of Michael Knowles as its new President and Chief Executive Officer. Knowles brings extensive experience in the technology industry and is expected to drive growth for the company.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 12:47 pm

AAPL

AMZN

Apple Inc. is actively pursuing top talent in the field of generative artificial intelligence (AI), as evidenced by numerous job ads on its career page. This comes amidst ambiguous signals from Apple concerning its stance on generative AI, with CEO Tim Cook expressing interest but emphasizing careful consideration. Meanwhile, Amazon.com, Inc. is also searching for senior software engineers and AI specialists.

Portfolio Pulse from Ananya Gairola

May 20, 2023 | 11:57 am

GTBIF

Teamsters Local 777 has successfully negotiated collective bargaining agreements for workers at Verilife dispensaries in Illinois, owned by PharmaCann, providing a 20% wage increase, additional full-time positions, and employer-funded retirement contributions. However, Green Thumb Industries Inc. (OTCQX: GTBIF) faced an unfair labor practice strike after demanding workers remove pro-union buttons, resulting in 10 charges of unfair labor practices.

Portfolio Pulse from Vuk Zdinjak

May 19, 2023 | 8:12 pm

TSP

TuSimple shares are trading higher following the company's recent announcement of a workforce reduction.

Portfolio Pulse from Bill Haddad

May 19, 2023 | 7:14 pm

META

Meta Platforms, Inc. is set to begin its next round of layoffs next week, according to The Verge. The company is expected to cut business roles as it continues to restructure its operations.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 5:30 pm

NDLS

Noodles & Co's stock tumbles as CFO Carl Lukach resigns and Stephens & Co analyst Joshua Long downgrades the company to Equal-Weight from Overweight, with a reduced price target of $5 from $7. Long cites lower-than-expected traffic trends in Q2 and the CFO's departure as reasons for the downgrade.

Portfolio Pulse from Lekha Gupta

May 19, 2023 | 4:36 pm

MS

Morgan Stanley (NYSE:MS) is expected to appoint a new CEO within 12 months to succeed current CEO James Gorman. The company has identified strong candidates, including co-presidents Ted Pick and Andy Saperstein, COO Jonathan Pruzan, and head of investment management Dan Simkowitz. Gorman will become the executive chairman once a new CEO is chosen.

Portfolio Pulse from Nabaparna Bhattacharya

May 19, 2023 | 4:29 pm