Summary: Tesla has sued its former supplier Matthews International in California federal court for allegedly stealing trade secrets related to Tesla's battery-manufacturing process and sharing them with the electric-vehicle giant's competitors.
Full articleSummary: Starbucks has inaugurated its 500th store in Thailand, part of its plan to operate 800 stores in the country by 2030. The expansion strategy, in partnership with local franchise operator Coffee Concepts Thailand, focuses on drive-through facilities for growth. Starbucks has been certifying Greener Stores globally as part of its environmental goals.
Full articleSummary: Oracle has agreed to lend Microsoft some cloud capacity to support the partnership with OpenAI, extending Azure's platform by tapping into the Oracle Cloud Infrastructure.
Full articleSummary: Kansas filed a lawsuit against Pfizer alleging that the company misled the public about the safety and effectiveness of the COVID-19 vaccine, resulting in record revenue for Pfizer. The lawsuit claims Pfizer concealed safety risks, waning effectiveness, and inability to prevent transmission of the vaccine. Pfizer is accused of using various methods to hide critical data related to the vaccine.
Full articleSummary: Apple is rumored to be releasing the 10th-year Apple Watch model, which might be called Apple Watch X, with significant design changes including larger screen sizes, thinner casing, and potential new color and features such as a magnetic watch band and blood pressure sensor.
Full articleSummary: Apple is not expected to introduce its most significant Apple Intelligence features in September with iOS 18, but an overhaul is anticipated in 2025. Features such as personal context, semantic indexing, app control, and on-screen awareness will enhance Siri in future updates. Some AI updates for the Mail app are also projected for late 2024.
Full articleSummary: Costco Wholesale (NASDAQ:COST) has outperformed the market over the past 20 years by 8.14% on an annualized basis, with an average annual return of 16.23%. The company currently has a market capitalization of $381.42 billion.
Full articleSummary: Trust Co. of Vermont reduced its stake in Wells Fargo & Company by 4.9% in the fourth quarter. Other hedge funds have also made changes to their positions in the company. Analysts have recently given varying ratings for Wells Fargo & Company. Wells Fargo & Company's stock traded up 0.1% on Monday.
Full articleSummary: Ford has started accepting orders for the track-focused Mustang GTD in Europe, but it may not be road-legal in all EU countries due to potential categorization as a track-only model. The high price tag of over $500,000 in some countries adds to the disappointment for customers.
Full articleSummary: Bank of America (BAC) stock is highlighted for its reliable dividend growth and capital appreciation, with a current dividend yield of just under 2.5% and a strong track record of raising its per-share dividend payment. Despite potential risks like another financial crisis, BofA is seen as a low-maintenance dividend payer.
Full articleSummary: Bank of America (BAC) is highlighted as a compelling option for generating reliable cash flow through dividends, despite its relatively low yield percentage compared to other stocks. The company has a strong track record of consistent dividend growth and capital appreciation since recovering from the 2008 financial crisis.
Full articleSummary: Congress Asset Management Co. MA reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 22.6% during the 4th quarter. Other hedge funds have also modified their holdings of the company. Analysts have recently issued mixed ratings on the stock, with an average of 'Hold' and price target of $164.95.
Full articleSummary: Processus Wealth & Capital Management LLC acquired a new stake in FedEx Co. and other large investors have also recently added to or reduced their stakes in the company, FedEx's dividend has increased and a stock repurchase plan has been approved, Wall Street analysts forecast growth for FedEx.
Full articleSummary: Tesla fights for legal recognition of a shareholder vote favoring Elon Musk's compensation, claiming it significantly impacts the court's ruling voiding the pay package.
Full articleSummary: The U.S. Supreme Court agreed to hear Nvidia's appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia's market value has surged due to its success in the AI market.
Full articleSummary: Analyst Ming-Chi Kuo predicts that the next Apple Watch, likely to be released in September, will be thinner, have larger screens, and include components manufactured using 3D printing technology.
Full articleSummary: Outgoing Boeing CEO Dave Calhoun will testify before a US Senate panel on June 18 to address safety concerns about the Boeing 737 MAX. Analysts are not overly concerned about the uncertainty surrounding Boeing, as it is seen as a key player in the commercial and defense industries, with government support limiting potential downfall.
Full articleSummary: Red Mountain Financial LLC purchased a new stake in Amgen Inc. during the fourth quarter, while several other large investors have also increased their positions in the company. Amgen stock was up 0.2%. Wall Street analysts have provided positive ratings and raised price targets for Amgen, with a consensus rating of 'Moderate Buy'. Insiders have recently sold shares of the company at an average price higher than the current market price.
Full articleSummary: The Supreme Court ruled in favor of Starbucks in a case involving fired employees labeled as union activists, leading to potential labor negotiations between the corporation and baristas campaigning for better working conditions. Starbucks announced plans for union negotiations to address workers' concerns about pay, benefits, and hours.
Full articleSummary: Oracle is integrating AI into its low-code development platform Oracle APEX to assist developers in creating enterprise applications more quickly and easily. The AI assistants within APEX help developers with tasks such as generating valid SQL statements, creating application blueprints, and integrating conversational AI dialogs for end-users.
Full articleSummary: Microsoft stock is set to hit $550 due to AI monetization opportunities, particularly from its AI Copilot software and Azure cloud platform. Wedbush Securities has raised its price target to $550, reflecting a 24% upside potential from current levels. Customer checks indicate growing bullishness towards Microsoft's AI solutions, with potential for significant revenue growth in fiscal year 2025.
Full articleSummary: Trust Co. of Vermont reduced its holdings in shares of The Coca-Cola Company by 18.4% during the 4th quarter. Analysts have given Coca-Cola an overall rating of 'Moderate Buy' with a consensus price target of $68.55. The company last reported quarterly earnings with a beat on analysts' estimates and an increase in revenue.
Full articleSummary: Home Depot (NYSE: HD) has been successful in providing a one-stop shop for construction, repair, and remodeling needs. However, with slowing growth and saturated markets, investors are questioning future growth drivers.
Full articleSummary: Celsius Holdings (CELH) experienced a sharp decline in stock price due to analysts resetting earnings estimates after PepsiCo (PEP) lowered its inventory of Celsius products.
Full articleSummary: The U.S. Supreme Court agreed to hear Nvidia's appeal to dismiss a securities fraud lawsuit alleging misleading investors about sales to the cryptocurrency industry.
Full articleSummary: CIBC Mellon has been named best sub-custodian in North America by Global Finance Magazine for the 22nd annual 'Best Sub-custodian Bank Awards'.
Full articleSummary: Beijing 'greenlighted' Tesla to test its Full Self-Driving system on city streets and highways in China, with a planned larger rollout later this year.
Full article