Summary: President Tinubu is committed to resolving the divestment issues between ExxonMobil and Seplat Energy in Nigeria, following disruptions due to a court ruling and NNPC's Right of First Refusal (RFR). The government aims to achieve a win-win situation and attract more investments.
Full articleSummary: Google Cloud released a document detailing Microsoft's ongoing cybersecurity struggles and advocating for its own superior approach. The document includes criticism of Microsoft's security shortcomings, cultural inadequacies, and failure to provide essential security information to customers.
Full articleSummary: Nvidia (NVDA) share price surges by over 7% on May 28, reaching a record high, contrary to AI-linked crypto tokens which have been declining. Several AI crypto tokens such as RNDR, FET, and AGIX have been down in the past week. Crypto traders anticipate a potential correlation between Nvidia's stock price and the movement of AI tokens.
Full articleSummary: Broadcom Ltd made a hostile bid to take over Qualcomm Inc by laying out a slate of 11 nominees for the board. Both companies' shares fell as Qualcomm confirmed receiving the list and expressed the undervaluation of Broadcom's bid.
Full articleSummary: Rapidus, a Japanese semiconductor contract manufacturing company, has sent employees to IBM Research Lab in the U.S. to develop 2-nanometer semiconductor technology by 2027, leveraging U.S. expertise. This move aims to restore Japan's semiconductor competitiveness.
Full articleSummary: Charles Schwab reported a smaller-than-expected drop in second-quarter profit due to increased asset management fees, leading to a rise in shares by 14% to $66.95, highest in over four months.
Full articleSummary: Target sold its pharmacies and clinics to CVS Health for $1.9 billion, with a transition period of 6-8 months for rebranding. Despite a $500 million reduction in top-line revenue, the deal is expected to generate a one-off pre-tax financial gain of $575-$775 million in fiscal 4Q16.
Full articleSummary: Rosen Law Firm reminds purchasers of Intel Corporation securities of the lead plaintiff deadline for a class action lawsuit due to allegedly false statements made by the company regarding the growth and financial performance of Intel Foundry Services.
Full articleSummary: PayPal is developing an advertising sales business built on user data to help merchants sell more products and services effectively, as well as enable consumers to discover more of what they love. Mark Grether, former Uber Advertising VP, will lead the business.
Full articleSummary: Cartography Biosciences, Inc., announces collaboration with Gilead Sciences, Inc., to develop therapies for triple-negative breast cancer (TNBC) and non-small cell lung cancer (NSCLC); Cartography will receive $20 million upfront payment.
Full articleSummary: Olistico Wealth LLC increased its position in shares of Caterpillar Inc. by 3.4% in the 4th quarter, several other hedge funds and institutional investors also made changes to their positions in CAT. Analysts have recently given a mixed rating to the company. Caterpillar Inc. reported better-than-expected quarterly earnings and announced a dividend. Insiders at Caterpillar have been involved in buying and selling shares of the company.
Full articleSummary: Investors with a lot of money have taken a bearish stance on NextEra Energy (NYSE:NEE), evident from the options activity tracked by Benzinga. The sentiment among big-money traders is split between 30% bullish and 40% bearish. The price range targeted by whales for NEE over the last 3 months is $50.0 to $78.0. Current market status shows NEE's price at $77.53 with an upward movement of 1.2%.
Full articleSummary: Cisco Systems reported better-than-expected second-quarter fiscal 2023 earnings with a 4.8% increase in bottom line and 6.9% increase in revenues year over year. The company also provided strong guidance for the third quarter and fiscal 2023.
Full articleSummary: Tencent and Microsoft have partnered to make Tencent's Android apps available on the Microsoft Store for Windows PCs, including a unified account system. The collaboration also involves an upgraded Android engine developed by Intel and Tencent to optimize mobile apps for PC hardware and AI capabilities.
Full articleSummary: Ernesto Gabilondo from Bank of America Securities maintained a Buy rating on Credicorp (BAP), with an analyst consensus of Moderate Buy and a price target consensus of $183.67.
Full articleSummary: Intel's dominance in the high performance computing chip market faces severe challenge from Qualcomm's unveiling of a new chip, intensifying competition in the server systems.
Full articleSummary: General Electric Co investors are concerned about the loss-making renewable energy business and supply-chain challenges at its aerospace unit, despite overall confidence due to reduced debt and successful spin-off of healthcare business.
Full articleSummary: Nvidia's earnings surpass expectations, driving its stock price over $1,000 for the first time and up 170% in the past year. Morgan Stanley notes strong buying power and confidence in AI supply chain, particularly in Asia. Several companies including SK Hynix, TSMC, and Advantest Corp are highlighted as AI stock opportunities by the investment bank.
Full articleSummary: Citigroup Inc. (C) posted better-than-expected profits despite a loss to common shareholders, resulting in a rise in shares by 12 percent in pre-market trading.
Full articleSummary: Oracle Meme ($OMEME) is a new meme coin with innovative AI features and a strategic tokenomics framework, aiming to revolutionize the meme coin industry and attract creators, investors, and users. The project offers unique utilities like Meme AI Generator, Meme Coin Generator, Meme Layer-2 Network, Meme Wallet, and Meme Launchpad. The robust tokenomics framework includes token staking, capped token supply, and diverse token functions to support long-term token price action.
Full articleSummary: The report "Sports Drink Market 2024" provides a comprehensive analysis of the sports drink industry focusing on market dynamics, competitive analysis, market segmentation, and key regions and countries. It outlines trends, projections, and impacts of COVID-19, offering insights for stakeholders.
Full articleSummary: Amgen Inc reported lower first-quarter profit due to increased expenses and lower revenue from its deal with Eli Lilly for COVID-19 antibody treatments. Revenue at $6.11 billion was down 2% from a year ago, while adjusted EPS of $3.98 beat analysts' expectations of $3.85. Amgen slightly raised its full-year 2023 revenue forecast to $26.2 billion to $27.3 billion.
Full articleSummary: Intuit Inc. announced the QuickBooks Grant Program that will unlock $200,000 in funding for small business owners. The program aims to award 20 small business owners with $10,000 each and provide mentorship resources.
Full articleSummary: Intuit Inc. announced that Mark Notarainni will present at the Bank of America Global Technology Conference on June 4, 2024.
Full articleSummary: Intuit Inc. announced that Mark Notarainni, executive vice president and general manager of Intuit’s consumer group, will present at the Bank of America Global Technology Conference on June 4, 2024.
Full articleSummary: Intuit Inc. announced that Mark Notarainni will present at the Bank of America Global Technology Conference on June 4, 2024.
Full articleSummary: Boeing and IAFF Local I-66 reached a tentative agreement, ending months of negotiations and lockout of 125 union firefighters and emergency medical workers.
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