Summary: Disney World has been accused of price gouging its Guests with significantly higher prices for tickets, food, and other amenities. A new report indicates that the price increases at the theme park are not in line with inflation rates, suggesting price gouging by the Mouse House.
Full articleSummary: Kansas Attorney General Kris Kobach filed a civil lawsuit against Pfizer, alleging that the company misled the public about the safety and efficacy of its COVID-19 vaccine by suppressing material facts, particularly regarding pregnant women, heart conditions, vaccine effectiveness against variants, and ability to prevent transmission.
Full articleSummary: Boeing CEO will acknowledge concerns about safety culture in a testimony before a U.S. Senate Committee following a mid-air emergency involving an Alaska Airlines 737 MAX 9.
Full articleSummary: Wells Fargo expands Dream. Plan. Home. closing cost credit to 16 new markets, offering up to $5,000 towards closing costs for low- and moderate-income homebuyers, aiming to drive economic growth and sustainable homeownership in communities.
Full articleSummary: Wayfair (NYSE: W) is an e-commerce retailer that has experienced a significant decline from its post-pandemic peak, with shares trading around $55 per share, down more than 80% from its peak. However, the company is focusing on integrating AI into its e-commerce platform to enhance customer experience and potentially drive growth.
Full articleSummary: Oracle will stop supporting its advertising products on September 30, following an announcement about exiting the advertising business. Customers must continue paying if they are still using data, and Oracle will delete customers’ data once all obligations are met. Oracle exited the advertising business after spending at least $4 billion acquiring nearly a dozen advertising technology companies.
Full articleSummary: The highest price target for Nvidia (NVDA) stock implies 21% upside, while other chip stocks like Lattice Semiconductor Corp. (LSCC), Rambus Inc. (RMBS), and Intel Corp. (INTC) have average price targets indicating at least 23% upside. Some analysts haven't updated their models for recent stock action, leading to discrepancies in price targets.
Full articleSummary: The highest price target for Nvidia's stock suggests 21% upside from Friday's close, but other chip stocks have even more bullish targets. Susquehanna analyst raised Nvidia's price target to $160. Lattice Semiconductor Corp. (LSCC), Rambus Inc. (RMBS), and Intel Corp. (INTC) have average price targets implying at least 23% upside.
Full articleSummary: Scorpius Holdings, Inc. received notice of delisting proceedings from NYSE American due to low-selling price of common stock. The Company plans to appeal the determination. CEO Jeff Wolf expressed disagreement with the ruling.
Full articleSummary: Eli Lilly and Co. are accused of infringing on a patent held by Purdue Research Foundation to treat cancer with a drug developed by Point Biopharma, resulting in a lawsuit filed in U.S. District Court. Other companies like Endocyte Inc. and Novartis are also involved in the lawsuit.
Full articleSummary: Nike's quarterly dividend is currently $0.37 per share, with a forward-looking dividend yield of about 1.57%. To reach $1,000 in annual dividend income, an investment of approximately $63,694 in Nike stock is needed.
Full articleSummary: Yeiyan Gaming introduces Yumi gaming desktop at a discounted price of $799.99 on Newegg, featuring RTX 4060 graphics card, Intel Core i5 12400F CPU, 16GB RAM, and 1TB SSD, providing an excellent cost-to-value ratio.
Full articleSummary: Boeing CEO to address concerns about the company's safety culture after a mid-air emergency involving an Alaska Airlines 737 MAX 9, Boeing is taking actions to improve its culture and processes, FAA criticized for being 'too hands off' in oversight of Boeing
Full articleSummary: Kansas sues Pfizer alleging the company misled the public about its COVID-19 vaccine by hiding risks and making false claims, seeking unspecified money damages.
Full articleSummary: Walt Disney is in a better financial position compared to last year, with Disney+ turning profitable and the success of Inside Out 2 at the box office. New updates and additions at Disney World's Magic Kingdom are expected to boost visitor numbers and franchise visibility.
Full articleSummary: Intuit (NASDAQ:INTU) has outperformed the market over the past 15 years by 10.06% on an annualized basis producing an average annual return of 22.9%. Currently, Intuit has a market capitalization of $168.09 billion.
Full articleSummary: CCM Investment Advisers LLC reduced its holdings in Gilead Sciences, Inc. by 8.0% in the fourth quarter, followed by other hedge funds also modifying their holdings. Gilead Sciences also announced a quarterly dividend. An insider sold shares, and Wall Street analysts have mixed ratings on the stock.
Full articleSummary: CCM Investment Advisers LLC raised its stake in PepsiCo, Inc. by 2.5% during the 4th quarter. Insider CEO sold 5,620 shares. Several analysts set new price targets for PepsiCo. The company reported earnings surpassing estimates and increased its dividend.
Full articleSummary: SageView Advisory Group LLc and other institutional investors increased their stakes in Oracle during the 4th quarter. Insider activity includes CEO Safra Catz and Director Michael J. Boskin selling shares. Oracle announced quarterly earnings missing analysts' estimates and declared a quarterly dividend. Analysts have set new price targets for ORCL stock.
Full articleSummary: Citigroup reported charge-offs at 2.4% and delinquencies at 1.41% in May 2024. Analyst recommendations show 16 buys, 10 holds, and 0 sells. A bearish report by independent analyst Daniel Tabbush on Smartkarma highlights Citigroup's significant increase in impairment costs and challenges in net interest income, potentially affecting the broader banking sector.
Full articleSummary: McDonald's is ending its AI drive-thru experiment with IBM, citing plans to explore voice ordering solutions more broadly. The future of the voice ordering solution is still being evaluated.
Full articleSummary: First Horizon Corporation (FHN) has been named to the Financial Brand's Power 100 Banks Using Social Media, highlighting its strong presence and engagement on social media platforms.
Full articleSummary: FedEx is closing its location in Conover, leading to 66 workers and 3 managers losing their jobs by September. Some workers may be relocated to other FedEx locations and all affected workers will be eligible for severance.
Full articleSummary: Supreme Court to decide cases involving Nvidia's cryptocurrency investments, overtime pay for outside salesmen, benefits for disadvantaged business owners, and school telecommunications bills.
Full articleSummary: 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.
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