Summary: Apple is discontinuing Apple Pay Later, a buy now, pay later feature, and customers with existing loans can continue to manage them. Instead, users will have access to installment loans through credit and debit cards and lenders when checking out with Apple Pay.
Full articleSummary: JPMorgan Chase has committed to honoring free speech rights and religious liberty of its customers after Alliance Defending Freedom campaign. Chase met with ADF to ensure ongoing engagement on protecting free speech and religious liberty. Chase's payment processor WePay removed its controversial 'social risk' policy by fall of 2023.
Full articleSummary: 1. GameStop (GME) shares plunged after an uneventful annual meeting where CEO discussed cost cutting and plans for higher-priced items, while insights into company's future remained unclear. 2. Adobe (ADBE) shares fell after the federal government charged the company with deceiving customers about fees and difficulties in cancelling subscriptions. 3. Broadcom (AVGO) hit a fresh record high after announcing a stock split and reported strong AI-related revenue, leading to analysts raising price targets for the company.
Full articleSummary: McDonald's (MCD) plans to end its AI drive-thru technology test run in more than 100 restaurants in partnership with IBM (IBM) by July 26 as they explore voice ordering solutions; potential for future AI drive-thru plans still exists.
Full articleSummary: IBM is partnering with Japan's National Institute of Advanced Industrial Science and Technology (AIST) to develop a 10,000-qubit quantum system by 2029, significantly surpassing current quantum computers. The partnership aims to leverage Japan's IT manufacturing capabilities and develop new semiconductor components operating at near-absolute zero temperatures.
Full articleSummary: SafePaaS introduces its latest release of Active Governance platform for Oracle customers at Ascend 2024, enabling modern advanced controls to prevent Financial Misstatement, Fraud, and Cyber Security risks. SafePaaS Active Governance orchestrates control activities across the full scope of a digital enterprise.
Full articleSummary: FedEx is closing three facilities, leading to layoffs for over 200 employees.
Full articleSummary: Nike's annual dividend yield is calculated at 1.57%. To earn $1,000 in dividend income annually, an investment of approximately $63,694 in Nike stock is needed. Nike's historical dividend yield was 1.17%, requiring a larger investment of $85,470 to achieve the same dividend income a year ago. The Motley Fool Stock Advisor team does not currently recommend investing in Nike, highlighting other potential stocks with higher return potential.
Full articleSummary: CVS has faced 133 recalls of its store brand drugs over the last decade due to issues like contaminated water, drugs that were 'too potent,' and potential pesticide exposure in nasal sprays.
Full articleSummary: McDonald's is ending its AI drive-through technology test with IBM in over 100 restaurants but remains open to future AI drive-through plans. McDonald's had previously sold its AI technology to IBM and is exploring voice ordering solutions more broadly.
Full articleSummary: Apple Pay will be introducing a new global installment loan offering for users worldwide, replacing Apple Pay Later in the U.S.
Full articleSummary: Collins Aerospace, a unit of RTX, secures a contract with the French DGA to supply its Air Traffic Navigation system for the French Army, showing strong growth and expansion in the defense sector. RTX continues to make strategic moves with contracts from NASA and the U.S. Navy, indicating a positive outlook for the company. InvestingPro Insights highlight RTX's promising financial metrics, revenue growth, dividend consistency, and substantial market capitalization in the aerospace and defense industry.
Full articleSummary: Wall Street analysts' recommendations on Comcast (NASDAQ: CMCSA) indicate an average brokerage recommendation of 1.91, with 55.2% Strong Buy and 3.5% Buy ratings. However, studies suggest that brokerage recommendations may not always lead to the best investment decisions due to analysts' strong positive bias.
Full articleSummary: United Parcel Service, Inc. (NYSE:UPS) shares rose 0% during mid-day trading on Monday. The company had a strong earnings report with earnings per share of $1.43 for the quarter, exceeding analysts' consensus estimates. The company also announced a quarterly dividend of $1.63 per share.
Full articleSummary: Caterpillar Inc. shares were down 0.2% during trading on Monday. Several equities analysts recently weighed in on the stock. Caterpillar reported $5.60 earnings per share for the last quarter, beating consensus estimates. The company also increased its quarterly dividend from $1.30 to $1.41 per share.
Full articleSummary: Shares of The Home Depot, Inc. (NYSE:HD) traded down 0.1% during mid-day trading on Monday. Wall Street analysts have issued mixed ratings on HD stock with some projecting growth and others lowering price targets. Home Depot reported quarterly earnings that beat estimates and announced a dividend payout. Insider activity includes a significant stock sale by EVP Matt Carey.
Full articleSummary: Comcast Co. (NASDAQ:CMCSA) traded down 0.5% during trading on Monday after several research firms provided mixed ratings on the stock. The company reported better-than-expected quarterly earnings and declared a quarterly dividend of $0.31 per share. Insider selling was observed, with a major shareholder selling a significant number of shares.
Full articleSummary: Kansas sues Pfizer over allegations of misleading public about COVID-19 vaccine risks and effectiveness, seeking unspecified money damages.
Full articleSummary: McDonald's is scrapping AI chatbots at the drive-thru due to mishaps with the technology going viral. Despite this, the company is open to exploring voice ordering solutions with new tech partners for the future. Other fast food chains have been testing or implementing similar AI technologies in their drive-thrus.
Full articleSummary: Fisher Asset Management LLC increased its stake in The Charles Schwab Co. by 1.6% in the 4th quarter, several other institutional investors and hedge funds have also added to their positions. Charles Schwab stock is down 0.2%. The company recently announced a quarterly dividend. Wall Street analysts have provided various ratings on the stock.
Full articleSummary: Costco is set to open a new warehouse in Richmond, Texas at the end of June, part of a larger expansion at The Grand at Aliana. The property will include apartments and various retailers. Costco currently has 870 warehouses worldwide.
Full articleSummary: IBM's X-Force security team has identified major security vulnerabilities in Precor smart treadmills, including exposed key pair for Secure Shell connectivity, allowing attackers to gain root access and potentially stop the treadmill belt remotely.
Full articleSummary: McDonald's is abandoning its AI-powered drive-thru system due to multiple failures, but remains open to explore voice ordering solutions. However, the company has plans to incorporate more AI into its operations in the future, with a strategic partnership with Google for generative AI tech.
Full articleSummary: Wells Fargo's partnership with Bilt to attract young customers by allowing no-fee rent payment via credit card turned out to be costly for the bank, resulting in monthly losses of up to $10M due to incorrect assumptions about card usage. Despite attracting over a million customers, Wells Fargo's expectations regarding card balances and spending differed from reality.
Full articleSummary: Nike's (NYSE: NKE) current dividend yield is 1.57%, requiring an investment of approximately $63,694 to earn $1,000 in annual dividend income. The company has been consistently increasing its dividend payouts over the years, despite facing challenges. The Motley Fool, however, does not currently recommend Nike as one of the 10 best stocks for investors.
Full articleSummary: Morningstar DBRS downgraded credit ratings on five classes of Commercial Mortgage Pass-Through Certificates, Series 2015-C27 due to increased loss projections for two loans in special servicing - Herald Center and Granite 190. The negative trends are maintained on Classes D, E, X-D, and X-E due to increased maturity default risk as the pool enters maturity year, with concerns about repayment of outstanding loans. Morningstar DBRS also analyzed the largest loan, Crowne Plaza - Hollywood, FL, expressing concerns about declining cash flow and rising expenses.
Full articleSummary: Morningstar DBRS downgraded credit ratings on five classes of Commercial Mortgage Pass-Through Certificates, reflecting increased loss projections due to declines in property values and concerns with increased maturity default risk in the pool. The negative trends were maintained for specific classes with elevated probability of default and/or loan-to-value ratio. Morningstar DBRS projected high liquidated losses for two loans in special servicing: Herald Center and Granite 190. The servicer's largest watchlist loan, Crowne Plaza - Hollywood, FL, also raised concerns due to declining cash flow and increasing expenses.
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