Summary: FTC sues UnitedHealth, Cigna, and CVS over high insulin prices due to PBMs' greed.
Full articleSummary: BlackRock, Inc. crosses the 5% ownership stake threshold in Mowi ASA.
Full articleSummary: BlackRock, Inc. falls below 5% threshold in holdings for Golden Ocean Group Limited, indicating a strategic shift.
Full articleSummary: BNY released the results of a 2024 survey of community banks in the U.S., highlighting the need for digital transformations and collaborations with other companies to enhance services and efficiency.
Full articleSummary: Salesforce CEO Marc Benioff criticizes Microsoft's Copilot AI, likening it to the much-maligned Clippy from the 1990s. Benioff also criticizes other AI tools, including those powered by large language models.
Full articleSummary: Q2 earnings reports for home furnishing and improvement retail stocks show mixed results, with revenues missing estimates but share prices on the rise. Lowe's reported slower quarter with underwhelming earnings guidance, while Sleep Number had a strong quarter and Arhaus had a softer quarter.
Full articleSummary: Costco reported the strongest Q2 results among large-format grocery & general merchandise retailers, with revenues up 9.1% year on year and stock price up 11.3% since reporting.
Full articleSummary: Comcast has decided to fully redeem their outstanding $750 million 5.250% Notes due in 2025 on October 23, 2024.
Full articleSummary: Amazon Music and Disney Music Group launch a dedicated destination featuring music from Disney, Pixar, Marvel, and more.
Full articleSummary: Costco offers gift cards for popular brands at discounted prices, including restaurants, gaming system stores, and Costco Shop cards. Additionally, Costco Shop cards are sold at full face value but do not require a membership to use. Regular gift card purchases count towards the Executive Reward program, providing an additional 2% back.
Full articleSummary: BlackRock Frontiers Investment Trust PLC released its unaudited net asset values at the close of business on 20 September 2024.
Full articleSummary: Boeing completes maiden flight of UK's E-7 Wedgetail for the Royal Air Force, marking a significant milestone in the test and evaluation phase of the programme.
Full articleSummary: PayPal stock has surged to its highest level in over a year, with a strong recovery rally leading to a 25% increase since the beginning of the year.
Full articleSummary: Chevron wins approval for South America farm-in with Challenger Energy, deal in Uruguay to be completed in four to eight weeks.
Full articleSummary: Caterpillar has unveiled a 'groundbreaking' energy management system called Cat Dynamic Energy Transfer (DET) for large mining trucks, capable of transferring energy to both diesel-electric and battery-electric vehicles to improve operational efficiency and machine uptime.
Full articleSummary: The article discusses Return On Equity (ROE) as a metric to analyze Union Pacific Corporation's performance, highlighting its ROE of 39% and high debt to equity ratio of 1.93. It emphasizes the importance of considering debt levels along with ROE when evaluating a company's profitability.
Full articleSummary: Google Doodle today honours Oskar Picht, the German inventor behind the first braille typewriter who brought inclusivity to blind people.
Full articleSummary: Home Depot expands its Hubspace smart home ecosystem with the Hampton Bay Landscape Floodlight, a low-voltage model that produces a wide beam of bright and colored light. The floodlight, priced at $65, can be connected to the Hampton Bay smart transformer and controlled via the Hubspace app. It features a robust aluminum housing, offers scheduling options, and can be dimmed and color-adjusted through the app.
Full articleSummary: Wells Fargo analyst initiated coverage of Core & Main with an Overweight rating and $52 price target, stating the opportunity post pullback in the shares and favorable risk/reward for a long-term entry point.
Full articleSummary: Steve Parker named interim CEO of Boeing Defense, Space and Security as they search for a permanent replacement after Ted Colbert's departure.
Full articleSummary: Starbucks Corporation (NASDAQ: SBUX) shareholders are encouraged to join a class action suit due to disappointing Q2 Fiscal 2024 results and lowered guidance for FY 2024, following a significant decline in stock price.
Full articleSummary: BNY Mellon upgraded to Buy from Hold by Deutsche Bank analyst Brian Bedell with a increased price target of $80 following meetings with management forecasting positive operating leverage and double-digit earnings growth. The firm sees more upside potential than downside risk due to emerging platform model and product innovation.
Full articleSummary: Medtronic has introduced the Aurora EV-ICD system, a groundbreaking technology in the management of arrhythmias, challenging Boston Scientific’s dominance in the ICD market. GlobalData predicts that the advanced capabilities of the Aurora system will reshape the landscape of cardiac care.
Full articleSummary: Seeking Alpha's analysts are bearish on Intuit (NASDAQ: INTU ) as the company has underperformed year-to-date growth of the S&P 500 and it would be hard to demonstrate a bullish thesis. The analyst may initiate a beneficial Long position in INTU over the next 72 hours.
Full articleSummary: Xponance Inc. increased its holdings in PepsiCo by 3.9% during the 2nd quarter, making it the 29th biggest holding in its portfolio. Several other institutional investors also bought additional shares of PepsiCo. PepsiCo recently reported earnings per share of $2.28 for the quarter, beating the consensus estimate. The company also announced a quarterly dividend of $1.355 per share.
Full articleSummary: John Deere to celebrate the 75th anniversary of its Model R tractor at the Newark Vintage Tractor & Heritage Show. A new exhibitor class introduced for original two-cylinder John Deere diesels.
Full articleSummary: Caterpillar Inc. is reinforcing its commitment to deliver product design choices that align with customers’ operational, sustainability, and productivity goals by offering powertrain flexibility in its large mining truck platforms.
Full article