Summary: Kraft Heinz (NASDAQ: KHC) stock looks cheap but with weak fundamentals including market share, sales volumes, and profits.
Full articleSummary: Exxon Mobil (NYSE: XOM) is expected to have 50% production growth by 2030, with Permian output increasing from 1.5M to 2.3M barrels/day.
Full articleSummary: United Parcel Service (UPS) reached an agreement to reduce handling volume for Amazon by more than 50% by mid-2026, causing anxiety among investors.
Full articleSummary: Apple is rumored to be preparing for new product launches in early 2025, such as the iPhone SE 4, M4 MacBook Air, new iPad Air, and 10.9-inch iPad, with speculations of separate announcements rather than a single event.
Full articleSummary: JPMorgan Chase fires about 1000 staff despite reporting record profits and plans further reductions. CEO dismisses petitions for work-from-home, demands more efficiency, and stresses in-office presence. Employees question the need to spend more time in the office as profits surged.
Full articleSummary: Costco opens new location in Genesee County, offering two membership tiers.
Full articleSummary: Intel Corporation (NASDAQ: INTC) reported a 7% sales drop YoY in its earnings presentation for the fourth quarter.
Full articleSummary: DeepSeek, a Chinese AI company, has produced a groundbreaking large language model leading to a seismic shift in the global AI landscape by emphasizing open-source collaboration. This has implications for US tech firms and signifies China's AI dominance shift away from the US. This development has caused US tech leaders to reassess industry strategies and sparked debates on global power shifts and geopolitical implications.
Full articleSummary: JPMorgan is planning a series of layoffs throughout 2025, starting with fewer than 1,000 job cuts in February and more to come in mid-March, May, June, August, and September.
Full articleSummary: Microsoft employees from China AI Lab's DeepSeek had ties to Microsoft Research Asia, raising concerns of intellectual property theft and talent poaching. Microsoft denies any plans to close its AI labs in China despite internal debates.
Full articleSummary: CVS Health's shares surged approximately 9% in premarket trading following the release of better-than-expected Q4 2024 results driven by strong performance in its Aetna insurance arm segments.
Full articleSummary: Multiple hedge funds have made changes in their positions regarding Exxon Mobil Corp (XOM) according to the latest 13F filings. Some hedge funds increased their XOM holdings while others decreased. Overall, there was a slight decrease in aggregate shares held by hedge funds between 09/30/2024 and 12/31/2024.
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