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SNAP

Snap Inc. (NYSE:SNAP) has agreed to pay $15 million to settle a lawsuit filed by the California Civil Rights Department over gender discrimination and harassment allegations. The settlement covers female employees who worked at Snapchat in California between 2014 and 2024. The company has committed to maintaining a fair and inclusive work environment and will hire an independent consultant to assess its policies.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 9:02 am

TGB

Taseko Mines has ratified a labor agreement at its Gibraltar Mine, leading to the resumption of operations.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:01 am

SSYS

Stratasys has introduced the J5 Digital Anatomy Printer, which aims to provide cost-effective, patient-specific medical models.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 8:39 am

IWM

MSFT

NVDA

QQQ

Market strategist Thomas Hayes from Great Hill Capital has expressed caution regarding Nvidia's (NVDA) short-term performance despite its recent rally. He believes the stock's high earnings multiple and reliance on maintaining high gross margins may not be sustainable. Hayes also expects Nvidia and other tech giants like Microsoft (MSFT) to underperform in the second half of the year, while small-cap stocks and ETFs like iShares Russell 2000 (IWM) may see better performance if the Federal Reserve cuts interest rates.

Portfolio Pulse from Shanthi Rexaline

June 20, 2024 | 8:38 am

ACN

CRMT

DRI

JBL

MSFT

NVDA

Investor sentiment improved as the S&P 500 hit another record close on Tuesday. Nvidia surpassed Microsoft to become the most valuable public company, while America's Car-Mart shares fell due to poor earnings. Investors await earnings from Accenture, Jabil, and Darden Restaurants.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 8:08 am

ACN

DRI

HPE

JBL

KBH

Several key stocks are expected to grab investor focus today, including Darden Restaurants, KB Home, Jabil Inc, Hewlett Packard Enterprise, and Accenture. Darden and Jabil are set to report earnings, while KB Home has already posted better-than-expected results. Hewlett Packard Enterprise announced a partnership with Nvidia, and Accenture is also expected to report earnings.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 7:42 am

GOOG

GOOGL

Google DeepMind's study on AI-generated comedy reveals that AI struggles to create original and engaging jokes, often producing bland and generic content. The study involved 20 professional comedians using AI models like OpenAI's ChatGPT and Google Gemini. The results were mixed, highlighting the limitations and biases of AI in comedy.

Portfolio Pulse from Ananya Gairola

June 20, 2024 | 7:32 am

UMC

United Microelectronics Corporation (UMC) has launched its 22nm embedded high voltage (eHV) technology platform for display driver ICs, aimed at enhancing power efficiency and visual performance in smartphones and other mobile devices. This new platform reduces power consumption by up to 30% and die area by 10%, positioning UMC as a leader in the AMOLED DDIC market.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 7:14 am

BEST

BEST Inc. (NYSE:BEST) has announced a $54.2 million merger deal with BEST Global Partners, resulting in the company going private and delisting from the NYSE. The merger offers a premium to shareholders and is expected to close in Q3 2024, subject to customary conditions and shareholder approval.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 7:10 am

IZEA

IZEA has launched Lumo, an advanced AI image model, as part of its FormAI suite.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 7:06 am