Streetbeat News

Labor Issues

ATVI

A worker group at Activision is organizing a walkout, which could indicate underlying labor issues within the company. This action may affect Activision's operations and investor sentiment in the short term.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2021 | 6:14 pm

NFLX

The U.S. cannabis industry is experiencing significant growth despite economic challenges, with sales projected to reach $45.9 billion by 2025. This growth is attributed to the legalization in many states, the designation of dispensaries as essential during the pandemic, and increased consumer spending due to stimulus checks. The industry's expansion is also creating a substantial number of jobs, with 321,000 full-time positions reported in 2020. However, federal cannabis reform remains uncertain, with no significant changes expected in the near future.

Portfolio Pulse from Natan Ponieman

October 29, 2021 | 2:04 pm

AAL

ALK

DAL

JBLU

JETS

LUV

SAVE

UAL

The U.S. Congress has agreed on a $900 billion COVID-19 relief package, which includes $15 billion in aid for the airline industry to reinstate payrolls. This comes after 32,000 airline workers were furloughed when previous aid expired. The relief aims to cover salaries through March 2021.

Portfolio Pulse from Mohit Manghnani

December 21, 2020 | 7:24 am

AMZN

Amazon has extended its $2/hour wage increase for employees in the US and Canada, along with double overtime pay, through May 16. This extension will bring Amazon's spending on extra pay to nearly $700 million.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2020 | 5:35 pm

CPI

Condor announced the passing of its COO, William Hatcher. This news may impact the company's operations and leadership dynamics in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2020 | 8:20 pm

FB

Mark Zuckerberg announced that the majority of Facebook's employees will be required to work from home until at least the end of May.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2020 | 5:25 pm

HMC

Honda is set to lay off the majority of its salaried and support staff at its US operations for two weeks. This move is likely a cost-saving measure and could impact the company's operations and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2020 | 4:37 pm