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Boeing's largest labor union, the International Association of Machinists District 751, representing 32,000 workers in Washington state, is pushing for a board seat to address quality control issues, following a recent incident where a door panel detached from a 737 Max plane. The union is also seeking a 40% pay rise over three years and wants Boeing's next aircraft to be built in Washington state. Negotiations for a board seat will start with contract talks and aim towards a campaign for the 2025 shareholder meeting. Corporate governance experts express concerns over potential conflicts of interest with union representation on corporate boards.

Portfolio Pulse from Shivani Kumaresan

March 25, 2024 | 10:25 am

LITB

LightInTheBox Holding (NYSE:LITB) reported a decrease in Q4 earnings per share from $0.07 last year to $0.04 this year, and a 13.31% drop in sales from $156.42M to $135.60M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:04 am

RACE

Ferrari N.V. (NYSE:RACE) has experienced a significant sales surge in Taiwan, outpacing China and Hong Kong, attributed to the wealth boom among the country's chip industry leaders and the diversification of global supply chains. The company's CEO, Benedetto Vigna, highlighted the rapid growth in Taiwan's demand for supercars, driven by the semiconductor industry's success. Ferrari's sales in Taiwan have doubled in the past four years, with shipments to mainland China and Taiwan increasing from 5% of total sales in 2020 to nearly 11% in 2023. This growth comes as Ferrari shifts towards electric and hybrid cars, planning for 60% of its sales to be in these categories by 2026.

Portfolio Pulse from Shanthi Rexaline

March 25, 2024 | 9:50 am

UAL

The Federal Aviation Administration (FAA) is considering limiting new routes for United Airlines due to recent safety incidents. This move could impact United's expansion plans and operational flexibility.

Portfolio Pulse from Charles Gross

March 25, 2024 | 9:41 am

CGC

ESPR

FRGE

MASI

Esperion Therapeutics received FDA approval for new labels on NEXLETOL and NEXLIZET, boosting its shares by 12.7% in pre-market trading. Other stocks like Forge Global Holdings, Canopy Growth, Masimo Corporation, Cronos Group, Nuvation Bio, Tilray Brands, WK Kellogg, GoodRx Holdings, and Century Aluminum also saw pre-market gains due to various factors including legislative changes, business restructuring, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 9:34 am

KMI

Truist Securities analyst Neal Dingmann downgraded Kinder Morgan (KMI) from Buy to Hold and reduced the price target from $22 to $20.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:54 am

DIS

Barclays analyst Kannan Venkateshwar upgraded Walt Disney (NYSE:DIS) from Equal-Weight to Overweight and increased the price target from $95 to $135, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:51 am

TSLA

Mizuho analyst Vijay Rakesh downgraded Tesla (TSLA) from Buy to Neutral and set a new price target of $195.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:39 am

ARKB

COIN

HOOD

TSLA

Cathie Wood's Ark Investment Management showed confidence in Tesla (TSLA) by purchasing shares after a price dip, despite rumors of production cuts at its Giga Shanghai factory. Ark's ETFs, including ARKK, ARKW, and ARKQ, bought a total of 116,408 Tesla shares. Meanwhile, Ark sold significant holdings in Coinbase (COIN) and Robinhood (HOOD) amid a crypto market cooldown, despite the ARK 21Shares Bitcoin ETF (ARKB) gaining 37% since its launch.

Portfolio Pulse from Shanthi Rexaline

March 25, 2024 | 8:29 am

BTCUSD

'Rich Dad, Poor Dad' author Robert Kiyosaki plans to buy 10 more bitcoins before the April halving, predicting a rally to $100,000 by September 2024. He suggests buying fractions of Bitcoin through ETFs or Satoshis for those who can't afford a whole coin. Kiyosaki also recommends investing in precious metals like gold and silver as alternatives. The Bitcoin halving, reducing miner rewards by 50%, is expected to decrease supply and potentially increase Bitcoin's price.

Portfolio Pulse from Shanthi Rexaline

March 25, 2024 | 7:51 am