Summary: UBS Group raised Intuit's price objective to $670.00 with a neutral rating. Several other analysts also adjusted their price targets and ratings on INTU. Insiders have been actively buying and selling company shares. Multiple hedge funds have made changes to their positions in Intuit.
Full articleSummary: Franklin Resources Inc. significantly decreased its stake in Honeywell International Inc. by 17.7% during the fourth quarter, selling over 1.2 million shares. Several other institutional investors also made changes to their positions. Wall Street analysts have recently provided mixed ratings on HON shares with price target adjustments and rating changes.
Full articleSummary: Microsoft unveiled a new line of AI-powered Windows PCs called Copilot+ PCs, promising significant improvements in AI capabilities like 'Recall' and AI image generation with Cocreator. The PCs offer live captions and up to 22 hours of battery life on a single charge.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon hints at potential departure within the next five years and discusses succession planning during an annual investor day event.
Full articleSummary: CalPERS, the largest public pension plan in the United States, announced it would vote against all Exxon Mobil board members at the upcoming annual meeting due to Exxon's legal action against activist investors.
Full articleSummary: Brandes Investment Partners LP increased its stake in FedEx Co. by 12.7% during the fourth quarter, making FedEx its 17th largest holding. Several other institutional investors and hedge funds have also bought shares of FedEx recently. FedEx reported a positive quarterly earnings result, beating the consensus EPS estimate. The company's board approved a share repurchase program of $5 billion.
Full articleSummary: Quest Partners LLC purchased a new position in shares of MetLife, Inc. (NYSE:MET) during the 4th quarter. A number of other large investors have also bought and sold shares of MET. Insider transactions took place at MetLife. MetLife announced an increased dividend and initiated a share buyback program. Analysts anticipate positive earnings for MetLife.
Full articleSummary: A securities class action lawsuit has been filed against Vestis Corporation (NYSE: VSTS) alleging violations of the Securities Exchange Act of 1934. The lawsuit claims that Vestis had outdated facilities and an underperforming sales force, which led to a decrease in revenue and stock price.
Full articleSummary: Exxon Mobil is facing backlash for pursuing a lawsuit against shareholder proposals despite withdrawal, resulting in CalPERS announcing voting against all 12 board members, including CEO Darren Woods, at the upcoming annual meeting.
Full articleSummary: Meta joins Frontier Model Forum to work on establishing AI safety standards and regulations, with focus on developing best-in-class AI safety regulations to prevent potential risks associated with advanced AI models and AGI.
Full articleSummary: Caterpillar Inc. has announced the formation of a new educational program called Pathways to Sustainability to support mining, quarry, and aggregate industry customers on their energy transition journeys.
Full articleSummary: Caterpillar Inc. announced the formation of the Pathways to Sustainability program, designed to support mining, quarry, and aggregate industry customers on their energy transition journeys.
Full articleSummary: Macau's gaming industry experienced a positive trend in May with GGR reaching MOP13.4 billion in the first 19 days, driven by an increase in visitation including a surge in visitors from Hong Kong and events at major casinos. Analysts have revised their May GGR forecast to MOP20.5 billion.
Full articleSummary: Tampa Bay Rays place starting pitcher Zach Eflin on 15-day injured list, Brandon Lowe reinstated from IL, and left-hander Richard Lovelady added to active roster.
Full articleSummary: Akre Capital Management LLC increased its position in shares of American Tower Co. (NYSE:AMT) by 0.5% during the fourth quarter, focusing on real estate investment trust holdings. Several other large investors also made changes to their positions. CFO and Director recently sold shares. Analysts have set new price targets with a consensus rating of 'Moderate Buy'.
Full articleSummary: IBM's acquisition of HashiCorp for $6.4 billion has led to mixed sentiment in the community, with concerns about the future of Terraform as an open source project, the adoption of the proprietary Business Source License, and the rise of the OpenTofu alternative. Developers express frustration and hopes for maintaining Terraform as open source, while OpenTofu gains traction with over 31,000 downloads in December 2023. Analysts predict potential risks and opportunities for IBM in leveraging HashiCorp's capabilities for multicloud solutions.
Full articleSummary: Target plans to slash prices on at least 5,000 products including essentials such as milk, meat, bread, soda, fresh fruit, and vegetables in response to inflation pressures, aiming to help budget-conscious customers save more. The company has already cut prices on 1,500 items with more reductions expected over the summer.
Full articleSummary: Cisco has unveiled groundbreaking innovations within its Cisco Security Cloud, empowering businesses to enhance their security strategies and safeguard their applications, devices, users, and data efficiently. The strategic acquisition of Splunk and integration of their platforms drive a transformative shift in security operations.
Full articleSummary: Kyndryl and Nvidia partner to provide AI-powered solutions through Kyndryl Bridge platform, speeding up GenAI deployment and development. Kyndryl emphasizes responsible AI adoption and governance in the collaboration.
Full articleSummary: Vemerald LLC, a company owned by tech giant Meta, is planning to build a high-tech data center in Davenport spanning 328 acres, with a capital investment of at least $800 million, creating around 35 new jobs. The center will store and transfer user and customer data for their operating systems.
Full articleSummary: Ryanair, one of Boeing's biggest customers, did not express a preference for the new CEO of Boeing, indicating that they are more concerned with maintaining quality and delivery standards. Despite facing delivery challenges with Boeing, Ryanair acknowledges improvements in the quality of aircraft deliveries and praises Stephanie Pope and the team in Seattle for their efforts.
Full articleSummary: Microsoft to reveal new hardware and software for consumer devices including new versions of Surface Pro tablet and Surface Laptop with Qualcomm chips based on Arm Holdings architecture
Full articleSummary: Intel is previewing its next-generation Lunar Lake CPUs, featuring a new NPU capable of over 45 TOPS and over 100 TOPS of AI power across the chip, along with Xe2 graphics that are close to 50% faster than the previous generation integrated graphics.
Full articleSummary: Microsoft made major announcements related to AI and a new era of PCs in partnership with Lenovo, Asus, Dell, and others. The company introduced Copilot Plus computers with Arm-based Snapdragon X Elite and Plus processors for new AI features in Windows 11. New Copilot integrations include Recall and OpenAI's GPT-4o model. Microsoft also unveiled the new Surface Pro and Surface Laptop with Snapdragon X Elite and Plus chips, offering improved performance and new features.
Full articleSummary: Nvidia's first-quarter earnings results could significantly impact the stock market, with its revenue and profits driving a large portion of the S&P 500's earnings growth over the past year. Bank of America suggests using Nvidia options for better hedging against potential market movements.
Full articleSummary: Wendy's and McDonald's are offering limited-time value meal options in an effort to drive sales amidst consumer spending decline. Other fast-casual chains are facing challenges with lower-income consumer spending. Yum Brands reported disappointing earnings with same-store sales declines at KFC and Pizza Hut.
Full articleSummary: Wendy's is launching a $3 breakfast combination meal, following a trend of restaurant chains trying to boost sales amidst consumer pullback. Meanwhile, its rival McDonald's is also planning a limited value meal option. Both companies face challenges with consumer spending due to rising inflation.
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