Summary: A London court details the valuation of Greek fintech Viva Wallet, which could lead to a potential sale. Dispute between JPMorgan Chase and WRL regarding the valuation may be resolved. JPMorgan has the option to take full control of Viva if it's valued at less than €5 billion by July 2025.
Full articleSummary: Eli Lilly's revenue surges due to high demand for weight loss and diabetes treatments, CFO Anat Ashkenazi credits windfall to successful diabetes and obesity drugs, company investing in scaling up manufacturing to meet demand.
Full articleSummary: Tokenized treasuries and real-world asset (RWA) protocols are gaining traction in 2024 with significant growth reported by BlackRock's BUIDL fund and Franklin Templeton's FOBXX money market fund. Leading blockchains like Stellar Lumens, Chainlink, and Ethereum are benefiting from the surge in investments. Both BlackRock and Franklin Templeton have launched Bitcoin spot ETFs and are expected to approve ether spot ETFs.
Full articleSummary: U.S. stocks settled mixed on Friday with Nasdaq Composite hitting fifth straight record close. The Analyst Ratings API by Benzinga reveals successful trading indicators curated by top analysts. Recent stock picks and ratings from analysts like William Stein on Belden Inc., Matt Bryson on NetApp, Inc., Hans Mosesmann on Broadcom Inc., Zachary Fadem on RH, and Justin Post on Alphabet Inc. are detailed.
Full articleSummary: Enterprise Therapeutics Ltd announced the appointment of Dr Renu Gupta as CMO and Dr Janet Hammond as a Non-Executive Director, strengthening their team for the development of therapies for respiratory diseases, particularly cystic fibrosis.
Full articleSummary: Coca-Cola Europacific Partners (CCEP) launches a giveaway campaign for its Jack Daniel’s & Coca-Cola ready-to-drink (RTD) cans, offering consumers and retailers the chance to win £500 gig vouchers for the summer. The promotion includes entering via the Coke website, digital marketing activities, and prizes for convenience store owners stocking the product.
Full articleSummary: The Federal Aviation Administration is investigating how titanium with potentially falsified records made its way onto commercial jets manufactured by Airbus SE and Boeing Co. The titanium was used in parts made by suppliers including Spirit AeroSystems Holdings Inc., and the industry has long been trying to combat unauthorized parts entering the aviation supply chain.
Full articleSummary: SageView Advisory Group LLC increased its holdings in Honeywell International by 168.2% in the fourth quarter, other institutional investors and hedge funds also bought shares. Insiders sold company stock. Honeywell International stock was down 0.0%. The company last reported quarterly earnings that beat expectations. It declared a dividend recently. Wall Street analysts have issued ratings ranging from hold to buy for the stock.
Full articleSummary: National Bank of Canada is one of Canada's six systemically important banks with $442 billion in assets. It operates through four business segments and its securities are listed on the Toronto Stock Exchange (TSX: NA). The bank issued forward-looking information regarding a recent transaction and provided detailed risk factors for investors to consider.
Full articleSummary: Simmons Bank was recognized by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South, emphasizing stability and professional development.
Full articleSummary: Boeing has discovered another production issue with its 787 Dreamliner aircraft, this time involving improperly installed fasteners on some undelivered planes. The company downplays potential impact on deliveries.
Full articleSummary: Disney and the governing district for Walt Disney World in Florida have reached a 15-year development deal, with the district committing to infrastructure improvements in exchange for Disney investing up to $17 billion. The agreement ends two years of litigation stemming from Disney's opposition to a state law banning classroom lessons on sexual orientation and gender identity.
Full articleSummary: NVIDIA announced Omniverse Cloud Sensor RTX microservices for sensor simulation in autonomous machines, presented 50 visual generative AI research projects at CVPR conference, and introduced FoundationPose model for object pose estimation. These advancements aim to accelerate the development of autonomous machines and enhance AI training in virtual environments.
Full articleSummary: Willner & Heller LLC acquired a new position in shares of Alphabet Inc. during the fourth quarter, adding 10,830 shares valued at approximately $1,513,000. Several other institutional investors also increased their stakes in the stock. Insiders including CEO Sundar Pichai have recently sold shares of Alphabet. Analysts have provided positive ratings and price targets for Alphabet.
Full articleSummary: Zephyr has introduced the world's first ITX-friendly Nvidia GeForce RTX 4070 graphics card, featuring a compact design with a single fan and pink accents. The card uses a shortened PCB design with standard specs and promises effective cooling performance despite its small form factor. Zephyr has sold out the first batch in China and is preparing a second batch for mid-July. Nvidia also announced 'SFF-ready' graphics card and case guidelines at Computex 2024 to cater to those interested in building smaller systems.
Full articleSummary: The article discusses the rise of AI PC stocks, with Apple Inc (NASDAQ:AAPL) being highlighted as one of the best AI PC stocks to buy now. Various analysts and reports suggest that Apple Inc (NASDAQ:AAPL) is well-positioned in the AI competition and has a competitive edge with its on-device AI capabilities.
Full articleSummary: Berger Montague has filed a class action lawsuit on behalf of investors who acquired Compass Minerals International securities between November 29, 2023, and March 22, 2024. The lawsuit alleges that Compass Minerals did not secure a USFS contract for the 2024 fire season, leading to a significant drop in the company's stock price.
Full articleSummary: Starbucks announced a new cold drink cup lid design to reduce plastic waste, collaborating with Plastic Ingenuity for sustainability.
Full articleSummary: Willner & Heller LLC acquired a new stake in PepsiCo, Inc. during the fourth quarter, with several other institutional investors and hedge funds modifying their holdings. Analysts have issued mixed ratings on the stock, with six hold ratings and six buy ratings. Insiders have also been active in trading the company's shares. PepsiCo's stock traded up 0.3% and the company recently increased its dividend.
Full articleSummary: McDonald's is ending its artificial intelligence drive-thru order taking program in partnership with IBM after a review, aiming to explore voice ordering solutions more broadly.
Full articleSummary: McDonald's is ending an artificial intelligence drive-thru order taking program, citing opportunity to explore voice ordering solutions further, leading to termination of partnership with IBM; IBM expresses confidence in voice-activated AI technology.
Full articleSummary: NVIDIA introduced Omniverse Cloud Sensor RTX to simulate sensors for autonomous machines in virtual environments, aiding in the development of AI software, enhancing safety, and saving time and costs.
Full articleSummary: Office Depot partners with Dormify to offer an expanded collection of college dorm and school supplies to students for the 2024-2025 school year, providing multiple shopping and shipping options. Additionally, Office Depot is running a giveaway for a chance to win a dorm makeover.
Full articleSummary: McDonald's chief marketing officer and chief financial officer emphasized the importance of embracing risk and saying yes to uncomfortable work in order to drive growth. The company attributes over $30bn in sales growth in the past five years to elevating creative excellence and taking risks on execution.
Full articleSummary: Analysts from top firms like Truist Securities, Wedbush, Rosenblatt, Wells Fargo, and B of A Securities have made latest stock picks with price targets and ratings for companies like Belden Inc. (BDC), NetApp, Inc. (NTAP), Broadcom Inc. (AVGO), RH, and Alphabet Inc. (GOOGL).
Full articleSummary: The Coca-Cola Company's stock price has increased 20% in the last five years, lower than the market average return. However, the compound earnings per share (EPS) growth has been 9.6% per year which is higher than the 4% average annual increase in the share price. The total shareholder return (TSR) over the last 5 years was 41%, better than the share price return. Investors should consider the long-term track record of Coca-Cola as it provided an annual TSR of 7% over five years.
Full articleSummary: The Coca-Cola Company's share price has only increased by 20% in the last five years, less than the market return, and was up just 1.4% in the last year. Despite the stock growth, EPS has grown by 9.6% per year, indicating more caution from the market towards the stock. The TSR over the last 5 years was 41%, better than the share price return, largely due to dividend payments.
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