Summary: Simon Property Group's short percent of float has decreased by 3.28% since the last report, with 4.42 million shares sold short, representing 2.36% of all regular shares. Short interest is important as it indicates market sentiment towards a stock.
Full articleSummary: Target Corp. plans to dramatically cut back its 2024 LGBTQ Pride collection after facing backlash over the 2023 merchandise. The decision was based on historical sales data but employees feel it does not accurately reflect guest demand for Pride apparel and merchandise.
Full articleSummary: Wells Fargo analyst Gary Mobley maintains a bearish stance on Texas Instruments (TXN) stock, giving a Sell rating due to concerns about the company's revenue target and inflexible capital expenditure plans.
Full articleSummary: Bruins are considering a potential trade involving Linus Ullmark for Martin Necas with Carolina. Necas, a speedy forward, could provide an impact to Boston's front line. The trade could benefit both teams as Carolina may need an upgrade in goalkeeping, while Boston seeks to add speed up front.
Full articleSummary: Amgen Inc confirms validity of patents on its cholesterol drug Repatha, rejecting challenge by Regeneron Pharmaceuticals Inc and Sanofi SA.
Full articleSummary: Chevron stock has lagged behind Exxon in 2024 due to issues with acquiring Hess. Despite this short-term setback, Chevron remains a strong long-term investment with a superior balance sheet and dividend yield.
Full articleSummary: Collins Aerospace, a RTX business, is investing $200 million to expand its carbon brake production site in Spokane, Washington, by over 50% over a multi-year period to meet increasing demand from commercial and military customers.
Full articleSummary: NVIDIA is offering a variety of AI courses covering topics such as deep learning, generative AI, image segmentation, and language models
Full articleSummary: A court in Germany partially sided with Nike in a trademark lawsuit filed by adidas regarding stripe-bearing track pants. The court held that Nike can legally manufacture and sell four out of five styles of pants at issue.
Full articleSummary: Boeing and its firefighter union reached a tentative contract deal to end the lockout and months of negotiations. The agreement is expected to be voted on Thursday with firefighters potentially returning to work Saturday.
Full articleSummary: ConocoPhillips is acquiring Marathon Oil in a $22.5 billion all-stock deal, with Marathon shareholders to receive 0.255 shares of ConocoPhillips for each Marathon share. ConocoPhillips plans to boost its dividend to 78 cents per share and buy back at least $7 billion of its own shares once the deal closes.
Full articleSummary: The article highlights NVIDIA (NVDA), Alphabet (GOOGL), and Royal Caribbean Cruises (RCL) as top picks with high net income ratios, indicating their profitability. Investors are advised to consider companies with strong returns after meeting all operating and non-operating costs.
Full articleSummary: Nvidia's shares surged around 6% to reach a record high, with its market capitalization getting closer to Apple's. The company reported strong revenue growth and announced a stock split, leading to investor excitement. Nvidia's stock has more than doubled this year and was trading at a 36 times forward profit estimate.
Full articleSummary: Tesla CEO Elon Musk is urging shareholders to vote on his $56 billion pay package, offering a chance to win a Texas plant tour guided by him and the Chief Designer. Proxy advisory firms call the package excessive and urge shareholders to reject it.
Full articleSummary: PayPal Holdings, Inc. announced new leadership appointments for the creation of a new advertising platform and strengthening the company’s consumer value proposition, with Mark Grether joining as SVP, General Manager, PayPal Ads, and John Anderson joining as SVP, General Manager, Consumer Group.
Full articleSummary: The New York Stock Exchange is collaborating with CoinDesk Indices to launch cash-settled index options tracking the CoinDesk Bitcoin Price Index.
Full articleSummary: Boeing and Amazon plan to expand their local footprint in Snohomish County. Amazon will open a new facility in Everett while Boeing is installing a new assembly line in Everett. Both companies emphasized the need for partnerships with business and government for continued growth and sustainability.
Full articleSummary: Bristol Myers Squibb (BMS) received European approval for its Opdivo combination therapy as a first-line treatment for adult patients with unresectable or metastatic urothelial carcinoma. The approval was based on positive results from the CheckMate-901 trial, showing a longer overall survival for patients in the Opdivo combination group compared to the standard-of-care group.
Full articleSummary: Meta, formerly known as Facebook, released an updated A.I. system as open-source, allowing free access and modifications, in contrast to other tech giants' closed models.
Full articleSummary: U.S. stocks fell amid uncertainty about the Federal Reserve's interest-rate path. Marathon Oil shares surged after being acquired by ConocoPhillips in a $22.5 billion all-stock deal. Nasdaq closed at a record high fueled by Nvidia's all-time high, while rising Treasury yields impacted the Dow.
Full articleSummary: Honeywell introduced Honeywell Forge Performance+ for Utilities, a platform incorporating AI and machine learning to help utilities improve operations and manage grid assets more proactively.
Full articleSummary: RTX(NYSE: RTX) management has set a free cash flow target of $7.5 billion in 2025 as it leverages recovery in commercial aviation and defense backlog. Commercial aerospace business has strong growth prospects with OEMs and aftermarket, while defense segment outlook is more modest. Stock is currently considered undervalued.
Full articleSummary: Ford's Mach-E 2024 GT model introduces upgrades over regular Mach-E, such as faster acceleration and increased torque. It offers comfortable ride, intelligent range feature, and spacious storage capacity, making it a performance-oriented EV choice for enthusiasts.
Full articleSummary: PayPal's USD-pegged stablecoin PYUSD goes live on the Solana blockchain, providing users with faster and cheaper transaction options. The collaboration between Solana and PayPal allows access to PYUSD for millions of users and facilitates international transfers through Xoom.
Full articleSummary: MaxSun, a Chinese manufacturer, lists Intel Z890, B860, and H810 motherboards designed for Intel’s upcoming Core Ultra 200 series. The filing also includes various models for different brands such as Esport, Challenger, and Terminator.
Full articleSummary: PayPal has integrated its stablecoin, PYUSD, with Solana's blockchain network, enhancing Solana's position in the payments processing sector. The collaboration between the two companies aims to leverage Solana's superior transaction speeds and lower costs compared to Ethereum in the global payments space. The partnership represents a significant milestone for Solana as it competes with Ethereum in capturing market share.
Full articleSummary: The Aerospace MRO market is estimated to increase by USD 102.65 Billion at a CAGR of 5.05% by 2030, driven by factors such as aging aircraft fleet, adoption of digital technologies, and introduction of new aircraft models. Major players in the market include Lufthansa Technik AG, GE Aviation, and ST Engineering Aerospace.
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