Summary: Costco Wholesale Corporation is performing well as a dividend stock, with significant gains in stock price and consistently paying dividends for the last 19 years. Analysts consider it financially healthy with a strong balance sheet and growth plans. For higher yields, investors may also consider alternative investments like the Ascent Income Fund from EquityMultiple.
Full articleSummary: PayPal is building an advertising business leveraging data from 400 million users to create an ad network for personalized promotions and ads on and beyond its platforms.
Full articleSummary: Hess shareholders have voted to sell the company to Chevron in a $53 billion deal, with potential hurdles remaining such as arbitration and rights of first refusal involving energy giants like Exxon. The critical asset for this transaction is the Guyana asset, and Chevron has made it clear that without it, they are not interested in the acquisition.
Full articleSummary: Ford is making changes to its Model E division in response to dealer lawsuits, including pausing investments and opening up participation to more dealers. The updates will be announced next month and are expected to cover a range of topics beyond EVs.
Full articleSummary: Tesla made changes to its Autopilot dog house and improved HVAC performance with a new software update.
Full articleSummary: Nasdaq reached a record high, boosted by gains in Nvidia and chip stocks, while S&P 500 closed slightly higher and Dow lower as Treasury yields rose. Investors are cautious about rising yields and upcoming U.S. inflation data.
Full articleSummary: ID Dataweb and IBM announced an expanded relationship to integrate ID Dataweb's identity verification workflows within IBM Security Verify, providing cross-channel digital trust to prevent fraud.
Full articleSummary: RTX's Collins Aerospace wins a prestigious Crystal Cabin Award for its STARLight structural technology, which is recognized as an excellence in aircraft interior innovation. STARLight structures are advanced composite designs that are ultra-lightweight, strong, and sustainable, offering enhanced strength and reliability. Collins Aerospace, as a part of RTX, has a history of winning Crystal Cabin Awards.
Full articleSummary: PayPal has chosen the Solana blockchain to expand its stablecoin, PayPal USD (PYUSD), moving away from Ethereum ecosystem due to Solana's faster transaction speeds and lower costs. The integration is expected to enhance consumer and merchant experiences in the digital economy.
Full articleSummary: Profits for the U.S. banking sector surged 79.5% to $64.2 billion in the first quarter of 2024, primarily boosted by large banks not paying special fees directed to recover costs from bank failures. Bank noninterest expense dropped significantly leading to the profit boost. The FDIC reported favorable asset quality metrics overall but highlighted deterioration in credit card and commercial real estate portfolios.
Full articleSummary: Controversial plan to replace former Regency Theaters and adjacent businesses with a Home Depot store and garden center in Granada Hills is under review by Los Angeles City Planning Department, drawing criticism from residents concerned about heavy traffic and air quality.
Full articleSummary: The 2025 Ford Mustang GTD boasts better performance than top European sports cars, unique rear suspension design contributes to its success, set to make debut at 24 Hours of Le Mans before the Nürburgring lap attempt
Full articleSummary: IBM focuses on utilizing AI in technology operations with its latest product IBM Concert, which aims to make sense of data and provide recommendations to improve applications. Ben Ball, Senior Director of Product Marketing at IBM, highlighted the importance of explainability in AI recommendations and the potential of IBM Concert to address data overload for organizations.
Full articleSummary: Nvidia is expected to release 50-series GPUs by October or November, with rumors suggesting a slimmer RTX 5090 FE design compared to the initially speculated super-fat design. The new GPU may have a twin-slot, twin-fan design, potentially offering improved cooling efficiency.
Full articleSummary: Profits for the U.S. banking sector surged 79.5% in the first quarter of 2024, primarily due to banks not shouldering special fees, leading to higher profits and decreased noninterest expenses. Asset quality remains generally favorable but deterioration is noted in credit card and commercial real estate portfolios.
Full articleSummary: Pfizer and AstraZeneca have ambitious growth plans focused on developing new blockbuster medicines and expanding their revenue, with AstraZeneca's plan to outperform Pfizer due to its emphasis on core pipeline execution over extensive business development activities. AstraZeneca aims to reach $80 billion in revenue by 2030, while Pfizer aims for at least $103.5 billion.
Full articleSummary: Boeing and local firefighters union reached a tentative agreement on a contract, awaiting final vote expected on Thursday. Prior offers were rejected by firefighters. Other union members showed support during the strike, urging fair negotiations.
Full articleSummary: Exxon's stock has been outperforming Chevron's, with Chevron's stock price rising less than half of Exxon's; Chevron's efforts to acquire smaller peer Hess has faced challenges from Exxon; Despite potential setbacks with the Hess deal, Chevron remains a long-term hold with strong financials and potential for other acquisitions.
Full articleSummary: Profits for the U.S. banking sector surged 79.5% to $64.2 billion in the first quarter of 2024, primarily due to large banks not shouldering billions in special fees incurred from bank failures. FDIC notes deterioration in credit card and commercial real estate (CRE) portfolios.
Full articleSummary: Nvidia stock price has been on a remarkable bull run, reaching over $1,100 and aiming to surpass Apple's market cap, driven by strong financial results and growth in AI industry.
Full articleSummary: Gilead Sciences Inc is in discussions with manufacturers to produce remdesivir for Europe, Asia, and developing countries through at least 2022. The company is also negotiating licenses with generic drugmakers in India and Pakistan to aid in production.
Full articleSummary: San Francisco's HUF and Nike are set to release three different colorways of their collaborative Air Max 1 this year to honor their 20th Anniversary.
Full articleSummary: Cisco addressed a high-severity vulnerability in its Firepower Management Center software by releasing a patch and urging users to upgrade to the latest software releases. The vulnerability could allow an authenticated remote attacker to target vulnerable systems via SQL injection.
Full articleSummary: A cybercriminal group named Storm-0539, also known as Atlas Lion, is fraudulently issuing gift cards to themselves by targeting systems of large retailers, luxury brands, and fast food restaurants. Microsoft suggests companies treat their gift card portals as high-value targets and implement security measures.
Full articleSummary: Stocks were mixed to start the week with Nasdaq reaching a new record high boosted by chipmaker Nvidia, Chevron's stock rose following Hess shareholders approval of a $53 billion merger, and consumer confidence increased in May. Investors are anticipating the release of the PCE Price Index on Friday to gauge inflation levels.
Full articleSummary: Jennifer Garbowicz has been named the market president for West Florida at BNY Mellon Wealth Management, responsible for implementing investment and wealth management services for clients in Tampa, Naples, and Winter Park.
Full articleSummary: Bristol-Myers Squibb receives EU approval for Opdivo as a first-line treatment for urothelial carcinoma and for use in combination with cisplatin and gemcitabine.
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