Summary: Starbucks' lemonade ranked as the worst among its caffeine-free beverages, leaning more heavily on sourness than sweetness.
Full articleSummary: National Legal and Policy Center presented a proposal at JPMorgan Chase's annual meeting asking the company to audit its climate policies and assess how they could impact economic and humanitarian development in emerging nations. The board of directors opposed the proposal, citing commitments to carbon emissions reduction targets and net zero 2050 goals outlined in the Paris Agreement.
Full articleSummary: Target plans to slash prices on thousands of everyday basics this summer to attract cost-conscious consumers in response to Walmart's strong earnings. These price reductions will apply to food, beverage, and household essentials, including both private-label and brand-name products.
Full articleSummary: Salesforce and IBM announced a partnership to integrate IBM's watsonx platform and Granite family of open-source LLMs into Salesforce's Einstein CRM solution. IBM is also developing industry-specific AI prompt templates and copilots for various platforms. The partnership signifies a push towards a bring-your-own-LLM strategy in the AI marketplaces.
Full articleSummary: Salesforce will integrate IBM’s watsonx large language model platform and Granite family of open-source LLMs into its Einstein 1 CRM solution. IBM is also building industry-specific AI prompt templates and copilots for the Einstein 1 Studio developer platform and the Einstein Copilot natural-language assistant. The partnership helps cement a bring-your-own-LLM strategy as technology vendors race to create AI marketplaces stocked with a variety of models and tool-building capabilities.
Full articleSummary: Amgen Inc. (NASDAQ:AMGN) stock is challenging the $320 resistance level, with bullish technical indicators and EPS growth outlook supporting a potential breakout. The company has strong pipeline drugs, robust R&D funding, and favorable valuation metrics compared to the sector.
Full articleSummary: Major tech companies have formed a coalition called Tech Against Scams to combat online fraud across dating apps, social media, and crypto platforms. The coalition will focus on sharing best practices, threat intelligence, and information to protect users from scams like romance and crypto schemes, including 'pig butchering'.
Full articleSummary: Cazoo Group Ltd's Class A ordinary shares, ticker symbol CZOO, are set to be delisted from the NYSE following the company's decision to wind up due to material subsidiaries voluntarily filing for administration in the United Kingdom.
Full articleSummary: Exxon Mobil shareholders group urges peers to vote against CEO and lead independent director due to concerns about undermining shareholder rights and wasting corporate assets on litigation, following the company's lawsuit against sustainability investment firms over greenhouse-gas emissions.
Full articleSummary: 1. Central Valley Advisors LLC acquired a new stake in Salesforce during the 4th quarter, alongside other large investors making changes to their positions. 2. Insiders, including CEO Marc Benioff and insider Srinivas Tallapragada, sold shares of Salesforce in recent transactions. 3. Salesforce stock experienced a 1.2% decline and paid a quarterly dividend, while analysts set new price targets with a majority of buy ratings.
Full articleSummary: Wendy's and McDonald's have introduced new low-priced breakfast offerings as customers become frustrated with high fast food prices.
Full articleSummary: Lowe's reported better-than-expected first-quarter results, with net earnings totaling $1.8 billion and adjusted earnings per share at $3.67 exceeding analysts' expectations. Sales fell but were higher than estimates, and same-store sales also fell less than expected.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon announced his plans to retire in less than five years, potentially stepping down from his position as CEO sooner than anticipated.
Full articleSummary: General Dynamics has been outperforming its Aerospace peers this year, with a year-to-date return of 7.2%. Lockheed Martin has also shown strong performance with a return of 18%. General Dynamics is currently sporting a Zacks Rank of #2 (Buy) and has seen a 0.1% increase in the Zacks Consensus Estimate for full-year earnings over the past three months.
Full articleSummary: Comcast announced a new streaming bundle called StreamSaver, offering Apple TV+, Netflix, and Peacock at a discounted price, with potential for expansion of content partners in the future. The company aims to slow the decline of traditional pay-TV subs through innovative packages.
Full articleSummary: Starbucks executive to participate in Deutsche Bank Global Consumer Conference in Paris, hosting a fireside chat on June 5, 2024, the event will be webcast live and via replay on their Investor Relations website.
Full articleSummary: Former MetLife employees are claiming the insurance giant pocketed $65 million in drug rebates instead of using it to cut the cost of plans; Third Circuit panel skeptical about the employees' case and indicated the employees received their promised benefits; MetLife's attorney argued that there was no factual evidence of funds being used for anything else.
Full articleSummary: Starbucks CFO to host fireside chat at Deutsche Bank Global Consumer Conference in Paris on June 5, 2024.
Full articleSummary: Alphabet (NASDAQ:GOOG) shares continue to gain, closing 1.1% higher at $179.54 on Tuesday after 7 straight sessions of gains. The stock also gained over 4% in the preceding six sessions and is up more than 26% this year.
Full articleSummary: Chevron spent $3 million lobbying in the first three months of the year to defeat a bill, AB 3155, that would hold oil drillers legally accountable for health harms such as birth defects, cancer, and respiratory problems in communities near their wells.
Full articleSummary: Robeco Institutional Asset Management B.V. reduced its stake in MetLife, Inc. by 32.7% during the 4th quarter, various other hedge funds also adjusted their positions in MET, The firm increased its dividend and announced a $3.00 billion stock repurchase program.
Full articleSummary: Starbucks CFO will host a fireside chat at the Deutsche Bank Global Consumer Conference in Paris on June 5, 2024. The chat will be webcast live and via replay from the Investor Relations website.
Full articleSummary: King Luther Capital Management Corp decreased its holdings in Union Pacific by 3.8% during the fourth quarter, with the fund owning 1,174,029 shares of the railroad operator's stock after the sell-off. Various other hedge funds and institutional investors also adjusted their stakes in Union Pacific. Union Pacific's stock price experienced a 3.6% decline during midday trading on Tuesday.
Full articleSummary: Coca-Cola Bottling Company United is planning to build a new corporate headquarters in Birmingham, on a brownfield site previously contaminated, requiring an investment of $337 million. Once developed, it would include six buildings and would bring 50 new jobs to Jefferson County.
Full articleSummary: Franklin Resources Inc. increased its position in Philip Morris International Inc. by 0.6% in the 4th quarter, owning 4,437,435 shares worth $417,474,000. Insider activity includes multiple stock sales by company insiders. Philip Morris International reported a positive EPS for the quarter, beating estimates by $0.09.
Full articleSummary: PepsiCo Beverages North America announces the expansion of its electric-powered fleet in California with 50 Class 8 Tesla Semi trucks operating out of Fresno facility and 75 Ford E-Transit electric vans serving across the state to reach net zero emissions by 2040.
Full articleSummary: Starbucks Corporation announced Rachel Ruggeri will host a fireside chat at the Deutsche Bank Global Consumer Conference in Paris.
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