Management Archives - Page 13 of 341

1 minute read

Amazon Web Services Undergoes Leadership Change, Matt Garman to Take Over as CEO

May 14, 1:34 PM

Amazon (AMZN) stock down as Matt Garman replaces Adam Selipsky as AWS CEO. AWS's 2021 job cuts aimed for digital self-service training. $143.3B Q1 sales, $100B annual run rate. Dominant in cloud market and AI. Gain exposure through XLY and FDIS. AMZN -0.84% at $185.00

AMZN

3 minute read

Will Pharma And Healthcare Have Competitive Edge In Cannabis Post-Rescheduling? Data Analytics Expert Weighs In

By Nicolas Jose Rodriguez

May 14, 1:32 PM

Roy Bingham, CEO of BDSA, anticipates substantial growth in the U.S. cannabis market, projecting sales to reach nearly $46 billion by 2028.

ABBV

2 minute read

Sony’s New PlayStation Leadership: Hideaki Nishino, Hermen Hulst Appointed As Co-CEOs To Succeed Jim Ryan

By Franca Quarneti

May 14, 1:09 PM

Sony names Hideaki Nishino and Hermen Hulst as co-CEOs of PlayStation, effective June 1, 2024, with both reporting to Hiroki Totoki.

SONY

2 minute read

Analysts May Need To Revise Cannabis Stock Projections For 2024: 10 Companies Surpass EBITDA Estimates By $37M

By Nicolas Jose Rodriguez

May 14, 9:16 AM

Cannabis equity analysts may need to revise their 2024 earnings estimates after first-quarter results from major multi-state operators (MSOs). According to a recent report by Viridian Capital Advisors, 10 MSOs surpassed EBITDA estimates by $37 million in the first quarter of 2024, indicating that initial projections may have been too conservative.

AAWH

1 minute read

Marathon Petroleum Reorganizes Leadership: Elevates CFO To CEO

By Lekha Gupta

May 14, 8:25 AM

Marathon Petroleum announced management changes, with Maryann T. Mannen as new CEO effective Aug 1, 2024. Hennigan to be Executive Chairman.

FTXN

2 minute read

Tesla Spends On Musk’s Pay Vote Ads, But Ross Gerber Feels EV Giant Could Advertise Weekly Sales Instead

By Anan Ashraf

May 14, 8:17 AM

The company is employing both Google ads and X ads to promote the upcoming vote.

TSLA

2 minute read

Another Tesla Exec Departs As Musk Downsizes: Cybertruck Manufacturing Head Marks End Of ‘Adventure With This Great Company’

By Anan Ashraf

May 14, 3:26 AM

Zhu joined Tesla in 2019 and launched the Cybertruck program at Giga Texas in January 2023, as per his LinkedIn profile.

TSLA

1 minute read

‘Walmart To Reportedly Lay Off Hundreds Of Corporate Staff And Relocate Others’ – CNBC

By Benzinga Newsdesk

May 13, 11:13 PM

https://www.cnbc.com/2024/05/14/walmart-to-reportedly-lay-off-hundreds-of-corporate-staff-and-relocate-others.html Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the

WMT

1 minute read

Lottery.com Engages Cohen & Company Capital Markets To Accelerate And Expand Global Reach And Acquisition Strategy

By Benzinga Newsdesk

May 13, 4:28 PM

Lottery.com Inc. (NASDAQ:LTRY, LTRY)))), a leading technology company transforming how, where, and when lottery and sports media content is delivered, today announces a significant step to accelerate its global expansion

LTRY

1 minute read

What’s Going On With Bitcoin Mining Stock Bitfarms?

By Adam Eckert

May 13, 9:53 AM

Shares of Bitcoin (CRYPTO: BTC) mining company Bitfarms Ltd (NASDAQ:BITF) are trading lower.

BITF