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TSLA

Elon Musk's direct involvement in hiring and firing at Tesla and other companies has drawn criticism and legal scrutiny. Experts suggest that better management practices could improve financial performance without hurting profits. Despite mass layoffs, Tesla has seen an increase in job applications and is focusing on hiring for Autopilot and robotics.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 1:55 pm

IYE

XLE

XOM

A group of 40 large institutional investors, managing $4.4 trillion in assets, urged companies to avoid suing shareholders over proposal disagreements, using Exxon Mobil's lawsuit as an example. They argue that such actions could deter sustainability-related proposals, impacting long-term investor interests.

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 1:19 pm

AMC

CLS

FIX

INSP

MRNA

UEC

Jim Cramer on CNBC's 'Mad Money Lightning Round' praised Celestica Inc. (CLS) for its strong Q1 results, recommended buying Comfort Systems USA (FIX) and Uranium Energy Corp. (UEC), and suggested selling AMC Entertainment Holdings (AMC). He also commented positively on Moderna (MRNA) amid its legal victory over Pfizer (PFE) and BioNTech (BNTX).

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 1:12 pm

TMC

TMC The Metals Company Inc. announced the conclusion of an SEC investigation with no enforcement action recommended against the company or its officers regarding the 2020 acquisition of Tonga Offshore Mining Limited and the 2021 business combination with Sustainable Opportunities Acquisition Corp.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 12:21 pm

FTAI

FTAI Aviation has terminated its management and advisory agreement with FIG LLC, which was dated July 31, 2022.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:03 am

BNBUSD

Cristiano Ronaldo is set to launch his fourth NFT collection on Binance despite being involved in a $1 billion lawsuit. The collection will be available on May 29 and will feature moments from Ronaldo's career. The lawsuit accuses Ronaldo of promoting unregistered securities through Binance.

Portfolio Pulse from Aniket Verma

May 28, 2024 | 9:29 am

META

Grace Wolstenholme, a TikTok influencer, accused Meta Platforms Inc's Facebook of failing to remove a fake account using her content to make money. Despite reporting the account in January, it took Meta five months to take action, resulting in significant financial loss for Wolstenholme. This incident highlights ongoing concerns about Facebook's handling of fraudulent accounts and scams.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 8:56 am

MBGAF

MBGYY

The United Auto Workers (UAW) union is pushing for a new election at the Mercedes-Benz plant in Alabama, alleging unfair labor practices influenced the initial vote. Mercedes-Benz denies these allegations, maintaining adherence to NLRB guidelines.

Portfolio Pulse from Benzinga Neuro

May 27, 2024 | 6:06 am

AMZN

Bill Ackman has publicly supported Amazon's handling of an employee kidnapping by Hamas, urging patience and emphasizing the company's ethical stance. Ackman believes Amazon's silence on the matter is strategic and in the best interest of the situation.

Portfolio Pulse from Benzinga Neuro

May 27, 2024 | 2:41 am

AAPL

META

MSFT

NFLX

NVDA

SPOT

TSM

The past week in consumer tech saw significant developments including the European Council's approval of the AI Act, South Korea's $19 billion support for its semiconductor sector, and Taiwan's confidence in TSMC's technology protection. Key company updates include Nvidia's partnership with Dell, Microsoft's new AI initiatives, and Apple's upcoming iPhone 16 launch. Additionally, TikTok is testing longer video uploads, and Netflix's 'Baby Reindeer' faces potential legal issues.

Portfolio Pulse from Lekha Gupta

May 26, 2024 | 8:49 pm