Summary: Tesla's fully electric Class 8 truck has been delayed at least four times and is five years overdue. Tesla plans to start first vehicle deliveries in late 2025 with external customers beginning in 2026. PepsiCo is currently piloting the Semi in real world operations, with the company running 15 Semis in Modesto, California, and about 21 in Sacramento.
Full articleSummary: Fire broke out at the Tesla Fremont factory involving production equipment, no injuries reported.
Full articleSummary: The article explains the importance of Return On Equity (ROE) for assessing a company's profitability, focusing on United Parcel Service, Inc. It discusses how ROE is calculated, compares United Parcel Service's ROE with industry average, and highlights the impact of debt on ROE.
Full articleSummary: Warren Buffett's Berkshire Hathaway invested $6.7 billion in Chubb, propelling the stock up 8% and marking a return to the insurance sector roots. Chubb offers various insurance products globally across segments.
Full articleSummary: BMO Eql Wgt US Bank Hdgd To CAD ETF closed with a gain of 0.07 percent. The TSX Composite closed up 0.74%, the S&P 500 closed 0.12% higher, the Dow Jones Industrial Average closed up 0.34%, and the Nasdaq Composite closed down -0.07%. The ETF has traded within a range of $18.44 to $27.96 over the last 52 weeks.
Full articleSummary: Target plans to cut prices on thousands of consumer basics this summer to help customers struggling with higher prices and inflation. The price cuts will include food, drink, and essential household goods.
Full articleSummary: Hundreds of FedEx packages were found in a wooded ravine near a small town in Alabama, causing delays in delivery. FedEx is working with law enforcement to investigate the situation and retrieve the packages.
Full articleSummary: Microsoft is set to reveal new hardware and software at an event showcasing new versions of the Surface Pro tablet and Surface Laptop with Qualcomm chips based on Arm architecture, potentially disrupting Intel's dominance. This move represents a shift towards lower-power components vying for a share in Windows PCs. Microsoft aims to solidify its position in the AI tools market, facing competition from tech giants like Apple and Google.
Full articleSummary: A fire broke out at the Tesla Fremont factory in an oven, prompting a response from firefighters. The fire department confirmed that all employees were safe and the fire was eventually extinguished.
Full articleSummary: Intel has introduced lower-powered chips for handheld gaming PCs, potentially increasing its market share. Intel has also announced the Falcon Shores processor for data centers, which runs at 1,500 watts, posing potential challenges in energy consumption and competition with existing data center chips. Analysts have a Hold consensus rating on INTC stock.
Full articleSummary: Coca-Cola has launched a free platform called Lens to share articles and reports about shopper behavior, industry trends, and growth strategies.
Full articleSummary: Macau's casino gross gaming revenue is estimated to have reached MOP20.50 billion in May, exceeding Citigroup's previous forecast of MOP20.0 billion due to higher gaming volumes. The daily-run rate also increased by 19% compared to the prior week, mainly attributed to increased visitation from recent concerts and new side bets.
Full articleSummary: Meridian Wealth Management LLC added a new stake in Diageo, with total shares valued at approximately $256,000. Other large investors have also increased or decreased their stakes in the company.
Full articleSummary: Capital One reported a year-over-year increase in revenue and EPS for the quarter ended June 2023, with revenue slightly below Zacks Consensus Estimate but EPS surpassing expectations. The company's performance in key financial metrics compared to analysts' estimates reflect mixed results.
Full articleSummary: Wells Fargo is making moves to increase its market share in auto loans, particularly targeting Ally Financial. This is seen as a dominant move for Wells Fargo in the U.S. mortgage market and the auto loan space.
Full articleSummary: Ginkgo Bioworks Holdings has received a notice from NYSE for its stock price falling below $1 per share and has six months to regain compliance.
Full articleSummary: Dow Jones, S&P 500, and Nasdaq 100 futures were lower ahead of Tuesday's stock market open following Palo Alto Networks' (PANW) plunge on earnings. Nvidia (NVDA) earnings and Federal Reserve minutes are due later in the week. Key earnings movers included Palo Alto Networks and Zoom Video Communications (ZM) with Palo Alto plunging nearly 9% in extended trading.
Full articleSummary: Lockheed Martin Corporation (NYSE:LMT) has shown a share price rise of 38% over five years, falling short of the market return, and a 2.7% increase in the last year. However, the total shareholder return (TSR) for the last 5 years was 58%, which is higher than the share price return, indicating that dividends have boosted the overall return. Insiders have been buying shares in the last twelve months, and the EPS growth (7.5% per year) has been reasonably close to the share price increase (7% per year), suggesting stable investor sentiment.
Full articleSummary: Meta Platforms has a Return on Capital Employed (ROCE) of 29%, which is significantly higher than the industry average of 6.4%. The company has been consistently earning 29% ROCE for the past five years and has reinvested capital at increasing rates, indicating potential for further growth.
Full articleSummary: NIKE's strong financials could potentially lead to a long-term increase in stock value as indicated by its impressive 37% ROE, higher than the industry average, and efficient reinvestment of earnings. The company's moderate net income growth over the past five years and consistent dividend payments also reflect its sound financial health.
Full articleSummary: Walt Disney and Charter Communications are in a dispute over distribution agreement, resulting in channels like ESPN going dark on Spectrum cable service. Disney claims to have offered favorable terms, while Charter states Disney is demanding excessive increase. Analysts suggest Disney might have more to lose in the dispute.
Full articleSummary: IBM emphasizes artificial intelligence collaboration with partners at Partner Plus Day, highlighting watsonx as a key technology.
Full articleSummary: IBM launched the IBM TechXchange initiative to engage clients and partners through technical events and experiences, offering a variety of opportunities and a loyalty programme for user groups. The brand introduced a flexible identity system designed for scalability and relatability, emphasizing learning and community. The system incorporates various elements like illustrative shapes, pictograms, photography, and animation, allowing for dynamic and adaptable branding.
Full articleSummary: IBM Randori is a software as a service (SaaS) from IBM Security that enables clients to view their organisation’s IT infrastructure as an attack surface and take action on vulnerabilities
Full articleSummary: Lockheed Martin successfully conducted a test where PAC-3 MSE was launched using the Virtualized Aegis Weapon System, intercepting a live target. The company is working on delivering enhanced Integrated Air and Missile Defense capability to the U.S.
Full articleSummary: Institutional ownership plays a significant role in Gilead Sciences' stock price sensitivity. The top 16 shareholders hold 51% of the business, with institutions accounting for 86% ownership. Researching ownership structures alongside analyst forecasts can help assess future company performance.
Full articleSummary: BlackRock (BLK) stock closed with a -0.87% change, outperforming S&P 500 over the past month. Company is expected to report EPS of $9.96 and revenue of $4.89 billion, with estimated full-year earnings of $41.31 per share and revenue of $20.21 billion. Zacks Rank for BlackRock is 3 (Hold).
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