Summary: Wells Fargo & Co. hires Christina Bresani from William Blair & Co. to lead its mid-cap mergers and acquisitions group in New York, reporting to co-heads David DeNunzio and Jeff Hogan.
Full articleSummary: The U.S. Equal Employment Opportunity Commission is urging the Eighth Circuit to revive a lawsuit alleging disability bias by Union Pacific Railroad Co.
Full articleSummary: BlackRock (BLK) stock ended the latest trading session with a +1.53% gain, outpacing S&P 500's performance. Analysts expect a 6.47% yoy growth in earnings and a 9.16% increase in revenue for BlackRock. Company currently holds a Zacks Rank #3 (Hold) with a Forward P/E ratio of 18.65 higher than its industry average of 10.16. However, its PEG ratio of 1.59 suggests potential growth. The Financial - Investment Management industry, which BlackRock belongs to, is ranked in the bottom 32% of over 250 industries, according to Zacks Industry Rank.
Full articleSummary: Dow Inc. (DOW) closed slightly up following the overall market trend. The upcoming earnings release on July 25, 2024, projects a flat EPS compared to the previous year. The stock is currently ranked as a Hold according to the Zacks Rank system.
Full articleSummary: Tesla Cybertruck deliveries are being delayed due to issues with windshield wiper motors and blades, affecting both new deliveries and existing owners. The problems are related to a supplier quality issue causing wiper failures.
Full articleSummary: NextEra Energy, Inc. announced plans to issue $2.0 billion in equity units, comprising common stock and debentures, to fund energy and power projects. The net proceeds of $1.94 billion will be used for general corporate purposes and debt repayment.
Full articleSummary: Red Mountain Financial LLC acquired a new stake in Alphabet Inc., institutional investors have been buying and selling shares of Alphabet, analysts have given a positive outlook on Alphabet, Alphabet insiders have been actively buying and selling shares, Alphabet stock performance remains stable, Alphabet announced a quarterly dividend
Full articleSummary: Comcast (CMCSA) stock reflected a -0.4% shift compared to the previous trading day, trailing the S&P 500, Dow, and Nasdaq gains. The upcoming earnings release on July 23, 2024, projects a decrease in EPS and revenue. Recent analyst estimate changes indicate a favorable outlook on the company. Comcast currently holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 8.89.
Full articleSummary: IBM's stock performance has been somewhat bullish, as it has shown a slight climb in the past month while lagging behind the S&P 500. The upcoming earnings release on July 24, 2024, is expected to have a slight decrease in EPS but a growth in revenue. The stock currently holds a Zacks Rank of #3 (Hold).
Full articleSummary: Texas Instruments (TXN) closed with a slight increase in stock price, but is projected to have a decrease in earnings per share for the upcoming release. Analysts give a 'Hold' rating, and the stock is trading at a premium compared to the industry average. The Semiconductor - General industry is considered strong within the Computer and Technology sector.
Full articleSummary: JPMorgan Chase & Co. (JPM) closed with a slight increase relative to S&P 500 and Nasdaq performance. The upcoming earnings release is anticipated with a projected decrease in EPS and growth in revenue. Zacks Rank system rates JPM as Hold with positive estimate revisions over the last 30 days.
Full articleSummary: Nike (NKE) closed trading at $95, with a +1.72% move from the previous day, outperforming S&P 500 and Dow. Nike's upcoming earnings release is on June 27, 2024, expected to show significant growth. Estimate revisions and Zacks Rank suggest potential stock moves ahead.
Full articleSummary: Evercore ISI Research notes suggest Nvidia (NVDA) could potentially become 10-15% of the S&P 500 (^GSPC), potentially overtaking competitors like Apple (AAPL) and Microsoft (MSFT). Yahoo Finance's Julie Hyman analyzes Nvidia's position in the market.
Full articleSummary: Photographer Jacobus Rentmeester claims in a new documentary that his work was copied to create the famous Nike logo of Michael Jordan, leading to legal battles and lack of credit, similar to other allegations of logo copying in the corporate world.
Full articleSummary: Apple announced substantial software updates for 2024 at WWDC keynote including iOS 18 and macOS Sequoia, but iPadOS 18 fell short of expectations. There is a need for iPadOS to evolve to replace MacBook in terms of functionality without losing its simplicity, which remains a challenge for Apple.
Full articleSummary: Honeywell International Inc. (NASDAQ:HON) hit a new 52-week high with a stock price reaching $212.16 during trading on Monday. The firm reported a quarterly dividend of $1.08 per share, and large investors have shown interest in the company.
Full articleSummary: Booking Holdings Inc. (BKNG) reached a new 52-week high following positive analyst price target updates and quarterly earnings results beating expectations. The company also announced a quarterly dividend. Insider activity included stock sales by company directors and an insider. Large institutional investors made significant purchases of BKNG shares.
Full articleSummary: The National Women’s Law Center sent a firm letter demanding CVS Health to ensure access to reproductive drugs after a pharmacist refused to dispense medication for controlling bleeding post-miscarriage. CVS has a national policy to prevent denial of medication based on personal beliefs, but questions arose regarding its implementation in this case.
Full articleSummary: Alphabet GOOGL stock has been performing moderately, with gains in the past month but lagging behind the S&P 500. Analysts are optimistic about the upcoming earnings report, expecting growth in EPS and revenue. The Zacks Rank for Alphabet is currently at #1 (Strong Buy), with positive estimate revisions being viewed as a good sign for the company's future performance.
Full articleSummary: Google has submitted an FCC listing for a mysterious 'wireless device' featuring 60Hz spectrum connectivity, hinting at the presence of Soli radar technology, which could potentially be related to the Nest Thermostat.
Full articleSummary: Boeing faces scrutiny from U.S. Sen. Richard Blumenthal and the Senate on ongoing safety problems and culture issues, including allegations of prioritizing profits over safety and retaliating against employees who speak up. Major government investigations and a focus on repairing a broken safety culture at Boeing continues.
Full articleSummary: Ford unveils the powerful F-150 Lightning SuperTruck with 1,400+ hp and 6,000+ pounds of downforce, to participate in the 2024 Pikes Peak International Hill Climb. Company hints at a production-worthy Lightning variant.
Full articleSummary: Philip Morris International suspends sales on Zyn.com due to a subpoena received by its affiliate regarding banned flavored nicotine pouches. Sales found in D.C. are under review, and the company expects to resume shipments and sales in the coming weeks.
Full articleSummary: IBM settles lawsuit accusing Rakuten of infringing e-commerce patents after nearly six years of failed negotiations, proceeding to trial avoided.
Full articleSummary: Oracle has updated its low-code platform, APEX, with a generative AI-driven assistant that can help developers write SQL code, explain existing code, and suggest bug fixes. The AI Assistant can be accessed while building the pages of an application, generate application blueprints, and allow developers to choose from multiple large language models.
Full articleSummary: Capital One settles $16 million lawsuit over unlawful fees without admitting fault, Capital One no longer exclusive credit card issuer for Walmart's rewards program, U.S. District Judge rules in favor of Walmart against Capital One leading to contract termination
Full articleSummary: Wells Fargo's partnership with Bilt Technologies to offer a rewards program for renters, attracting young professionals with high incomes, has yet to yield returns as the bank is losing up to $10 million monthly, prompting reevaluation of the partnership.
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