Summary: Lowe's Cos. released its first quarter profit results, showing a decrease in both earnings and revenue compared to the same period last year.
Full articleSummary: Bristol Myers Squibb's U.S. FDA has set a new deadline for the Biologics License Application (BLA) for the subcutaneous formulation of Opdivo to December 29, 2024.
Full articleSummary: The global courier, express, and parcel (CEP) market is experiencing growth due to increased international trade, rise in internet-based services, and growth in demand for fast delivery. Key market players include Aramex, Deutsche Post AG, FedEx, and United Parcel Service of America, Inc. The market is segmented based on business, destination, end user, mode of transportation, and region.
Full articleSummary: Meta, formerly Facebook, partnered with Liqid for their UltraStack server solution featuring Dell PowerEdge servers with up to 20 NVIDIA L40S GPUs to address limitations in GPU-driven compute power, resulting in improved performance and cost savings. UltraStack aims to seamlessly connect large quantities of GPUs to standard servers, addressing challenges in AI computing related to cost, time, and performance.
Full articleSummary: High-grade bond sales are on the rise, with companies like BlackRock TCP Capital, Coca-Cola Consolidated, Schlumberger Holdings, Enact Holdings, and others eyeing debt offerings. Peloton to hold $1 billion leveraged loan lender call. Packaging company Amcor also planning dollar and euro offerings.
Full articleSummary: Union Pacific's return on capital employed (ROCE) has been steady for the past five years, which may indicate a mature and steady operation without significant growth opportunities. The company currently has an ROCE of 15%, which is better than the Transportation industry average of 8.2%.
Full articleSummary: Deere & Company's stock price rose 182% over five years, but it retraced 4.0% in the last week. The company's EPS growth closely matches the share price increase, indicating stable investor sentiment. Insiders have been buying shares, and the TSR over the last 5 years was 202%, driven by dividends.
Full articleSummary: The article discusses the importance of investing in profitable companies like PepsiCo rather than loss-making companies which carry higher risks. It highlights PepsiCo's steady EPS growth of 7.1% per year in the last three years and the company's positive financial performance with stable EBIT margins and 4.4% revenue growth to US$92b. Additionally, it mentions that insiders have an enviable stake in PepsiCo, worth US$334m, reflecting their confidence in the company's future.
Full articleSummary: Baidu is strengthening ties with US tech companies like Apple and Tesla in AI and self-driving technology, expanding beyond search with partnerships in generative artificial intelligence.
Full articleSummary: Bristol Myers Squibb announces an updated action date by the U.S. Food and Drug Administration for Subcutaneous Nivolumab, with the new Prescription Drug User Fee Act (PDUFA) goal date set for December 29, 2024.
Full articleSummary: Apple is making color options changes for the upcoming iPhone 16 Pro series, with new colors including Natural Titanium and Rose, and removing the blue variant. The iPhone 16 and iPhone 16 Plus baseline models will also see color updates, expected to come in Black, White, Green, Pink, and Blue, with potential renaming. Apple is planning to redesign the battery enclosure for the iPhone 16, using stainless steel instead of aluminum for better rigidity and protection, easier removal, and alignment with EU repairability regulations.
Full articleSummary: Home Depot will pay $1.3 million in fines and contributions after fire code violations led to the complete destruction of its store in South San Jose in 2022. The violations included non-functioning sprinklers and were discovered in other stores in Santa Clara County as well.
Full articleSummary: Bristol Myers Squibb revised the PDUFA goal date for its subcutaneous version of Opdivo, a potential first subcutaneous PD-1 inhibitor, in partnership with Halozyme.
Full articleSummary: Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings, with expectations for volatility more muted than in the past. While the implied 8.7% swing would be substantial, it falls short of previous jumps. Investor interest in AI sector also evident.
Full articleSummary: Deere & Company's stock price has increased by 182% over the past five years but has retraced 4.0% in the last week. Despite recent fluctuations, the stock has shown steady growth in earnings per share (EPS), reflecting stable investor sentiment towards the company. Total shareholder return (TSR) over the last 5 years was 202%, driven largely by dividend payments.
Full articleSummary: Chevron Co. (NYSE:CVX) has been rated as a 'Moderate Buy' by nineteen brokerages with five analysts suggesting a hold and fourteen recommending a buy. The average twelve-month price target for the stock is $186.10. Recent quarter earnings beat estimates with Chevron reporting $2.93 earnings per share and $48.72 billion in revenue.
Full articleSummary: Advyzon Investment Management (AIM) has added new asset managers and strategists to their platform, including BlackRock, DFA, Potomac Fund Management, Invesco Advisers, Inc., Washington Crossing Advisors, Brentview Investment Management, Morgan Dempsey Capital Management, and Clark Capital Management. AIM now offers over 280 strategies from 46 asset managers in their Nucleus Model Marketplace.
Full articleSummary: Aktis Oncology partners with Eli Lilly to develop cancer therapies, potentially earning up to $1.1 billion in milestone payments and royalties.
Full articleSummary: The City of Dallas partners with Ford Pro to accelerate its Climate Action Plan by electrifying its fleet by 2040, signing a multi-year agreement for EV charging infrastructure. Ford Pro offers a full suite of vehicles, charging, software, service, and financing solutions to help businesses and government entities transition to electrification. The growing trend of public sector electrified fleets is fueled by rising fuel costs and a push towards zero-emission vehicles.
Full articleSummary: BRD Finance IFN, the consumer finance arm of BRD-SocGen group, is reportedly in the process of selling its entire loan portfolio in Romania with EOS Group among the leading bidders. BRD-SocGen's consumer finance arm will cease operating after the group decided to sell its private pension management arm BRD Pensii. The company reduced operational expenses and focused on efficient portfolio management.
Full articleSummary: AllianceBernstein adds Asba to their global and US investment grade credit team, bringing significant experience in global fixed income and sustainability. This addition is expected to enhance the firm's capabilities.
Full articleSummary: Blackrock Silver Corp. announced an agreement with Research Capital Corporation for a bought deal basis offering of 28,125,000 units at a price of $0.32 per unit, with gross proceeds of $9,000,000. Mr. Eric Sprott intends to participate in the transaction. The net proceeds will be used for exploration, resource expansion, working capital, and general corporate purposes.
Full articleSummary: Barclays reaffirmed its Overweight rating on Alphabet Inc (GOOGL) with a $200.00 shares target, emphasizing recent advancements in AI technology and the potential impact on society. Despite the growth of new AI products, Google's search dominance remains strong. Concerns about AI cannibalizing Google's search business could heighten in the near future.
Full articleSummary: Analysts believe that Honeywell stock is currently undervalued with a potential increase of +5.18% from the current price level. Despite a recent price decrease, market sentiment remains relatively optimistic based on a week-long increase of +1.48% in Honeywell's stock price. Analysts have set the average medium-term price target for Honeywell stock at 198.28 EUR, offering investors a potential gain. The Guru-Rating also supports positive outlooks on the stock.
Full articleSummary: Halozyme Therapeutics, Inc. announced the rescheduling of the Prescription Drug User Fee Act goal date for Bristol Myers Squibb's Biologics License Application for the subcutaneous formulation of Opdivo collaborating with Halozyme's ENHANZE enzyme.
Full articleSummary: Singapore Airlines flight made an emergency landing in Bangkok due to severe turbulence, resulting in one fatality and injuries. The airline is providing assistance to passengers and working with local authorities.
Full articleSummary: Australian venture capital firm Square Peg Capital is set to make a significant profit on its investment in an Israeli start-up, Deci, as it is being acquired by Nvidia for $US300 million.
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