Summary: Target is offering up to 50% off on summer staples leading up to the Memorial Day sale. They are reducing prices on frequently shopped items and promoting their loyalty program and Target Circle Card. Some featured deals include savings on a Margaritaville frozen drink maker, Adirondack chairs, and a portable gas grill.
Full articleSummary: Mark Lagrand Burns, Vice President of General Dynamics Corp, sold 12,089 shares at $296.59 per share totaling $3.59 million. The transaction adjusted Burns' direct holdings to 64,132.154 shares. Insider activity like this may interest investors monitoring the company's financial health and executive confidence.
Full articleSummary: United Parcel Service, Inc. (NYSE:UPS) has received a 'Hold' rating from analysts with a range of price targets. Institutional investors have recently made changes to their positions in UPS. The company traded down 1.4% with a 50-day moving average of $148.90. UPS also announced a quarterly dividend of $1.63 per share.
Full articleSummary: GoldenPeaks Capital and Reckitt signed a 10-year Power Purchase Agreement in Poland to promote decarbonization efforts, with GoldenPeaks delivering 20 gigawatt hours of carbon-free electricity annually to help Reckitt achieve its goal of powering operations with 100% renewable electricity by 2030.
Full articleSummary: Caterpillar agrees to pay $800,000 to settle a racial discrimination case involving allegations of hiring discrimination against Black applicants at an Illinois plant.
Full articleSummary: Apple plans to ask a U.S. judge to dismiss a lawsuit alleging monopolization of the smartphone market by the DOJ and 15 states. The company argues it faces fierce competition and does not charge supra-competitive prices or restrict output.
Full articleSummary: Hess is facing three lawsuits over its proposed tie-up with Chevron due to insufficient disclosures.
Full articleSummary: Several companies, including Nvidia (NVDA), TJX (TJX), Target (TGT), Synopsys (SNPS), Williams-Sonoma (WSM), and e.l.f. Beauty (ELF), are set to report earnings. The Federal Reserve will release its May FOMC meeting minutes, offering insight into its monetary policy decisions. New data on existing home sales for April is expected to be released, with analysts forecasting an increase.
Full articleSummary: An advocacy group of McDonald's franchisees pushes for financial contribution from the company to sustain upcoming value meal promotion, as lower-income consumers seek more affordable options. Coca-Cola adds marketing funds to enhance the deal for McDonald's and its franchisees.
Full articleSummary: McDonald's has recently introduced a new Grandma's McFlurry inspired by grandmas who always carried sweet treats in their purses. The dessert contains vanilla reduced fat ice cream, butterscotch flavored crumbles, and butterscotch flavored syrup, with a rich butterscotch flavor that blends well with the soft serve ice cream.
Full articleSummary: Oracle Commodity Holding Corp. announces its common shares are now trading on the US OTCPK under the symbol ORLCF and is in the process of upgrading to the OTCQB.
Full articleSummary: Analysts Roger Read from Wells Fargo and Truist Financial upgraded Coterra Energy (CTRA) to a Buy rating with price targets of $34.00 and $35.00 respectively. Insider sentiment on the stock is negative due to increased selling activity.
Full articleSummary: Leading cloud computing companies are increasing capex for AI computing infrastructure, with evidence of competitors catching up. The breakdown of costs for AI supercomputers includes GPUs, CPUs, DRAM chips, NAND chips, and networking hardware for fast data transfer.
Full articleSummary: IBM is actively using artificial intelligence (AI) to improve efficiency, reduce costs, and enhance various operations across the organization. India has seen a significant rise in AI adoption, with 59% of enterprise-scale organizations actively using AI in their businesses.
Full articleSummary: Pfizer plans to price a course of the oral antiviral COVID-19 treatment Paxlovid at $1,390, significantly higher than what the government has paid, but various programs will assist with costs. Pfizer's sales forecast for the year has been reduced due to a drop in Paxlovid prescriptions and vaccine sales.
Full articleSummary: General Dynamics Co. VP Mark Lagrand Burns sold shares of the stock in multiple transactions, while also recently increasing dividend. Analysts have a 'Moderate Buy' consensus rating on the stock.
Full articleSummary: BlackRock Inc voted in favor of an independent chairman and against the reelection of two directors at Exxon Mobil Corp due to the company's approach to climate risks. Exxon shareholders rejected all four resolutions. BlackRock criticized Exxon's board for lacking independent leadership and urgency in addressing climate-related risks.
Full articleSummary: PennantPark Floating Rate Capital Ltd. announced the refinancing of a $300.7 million debt securitization in the form of a collateralized loan obligation, extending the maturity to April 2036.
Full articleSummary: Coca-Cola Consolidated Inc. raised $1.2 billion in the bond market to buy back stock. The bond sale, the first public offering since 2015, will fund equity transactions and then general corporate purposes.
Full articleSummary: Wells Fargo & Company raised Intuit's target price from $725.00 to $750.00, indicating a potential upside of 12.31%. Multiple analyst reports have given Intuit positive ratings, with an average target price of $666.59.
Full articleSummary: A group of Exxon Mobil shareholders are urging to vote against the CEO and lead independent director due to issues related to shareholder rights and wasted corporate assets on litigation.
Full articleSummary: Elon Musk is pushing for a 25% control of Tesla to lead the company into AI and robotics, threatening to pursue opportunities outside of Tesla if not granted.
Full articleSummary: Comcast has announced the pricing for its StreamSaver Bundle at $15 per month, including Peacock, Netflix, and Apple TV+, targeted at Comcast broadband internet and TV subscribers. The bundle aims to combat subscriber churn and retain customers amidst increased competition in the streaming landscape.
Full articleSummary: Comcast was the big winner of rural broadband funding announced by the state of Maryland, receiving funding for multiple jurisdictions. Most jurisdictions will receive $1.1 million for making high-speed broadband available to locations lacking service.
Full articleSummary: Union Pacific Co. experienced an increase in put options trading volume, saw its stock price decline by 3.4%, and announced a quarterly dividend of $1.30 per share. Analysts have mixed ratings on the stock, with some upgrading it to 'buy' and 'strong-buy' while others maintaining a 'neutral' stance.
Full articleSummary: Ford Motor Company (F) has received an upgrade to a Zacks Rank #2 (Buy), reflecting an upward trend in earnings estimates, which could positively impact its stock price.
Full articleSummary: Google is planning to test including ads in AI-generated search summaries, potentially extending its dominance in search advertising. The ads will appear in AI Overviews and be labeled as 'sponsored' when relevant.
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