Summary: Intel tried to undermine Qualcomm’s big day by promoting its coming microprocessor family for Copilot+ PCs, the second-generation Core Ultra chips code-named Lunar Lake. The new chips will have improved AI performance and will power more laptop designs across various OEMs than Qualcomm. Intel aims to compete with Qualcomm's Snapdragon X chips and meet the Copilot+ PC NPU requirements in their upcoming processor generation.
Full articleSummary: PayPal (NASDAQ:PYPL) was downgraded by StockNews.com from a 'buy' rating to a 'hold' rating. PayPal stock has been assigned a consensus 'hold' rating with a price target of $72.73. PayPal's quarterly earnings results fell short of estimates, with a reported EPS of $1.08.
Full articleSummary: Eli Lilly and Novo Nordisk both announced positive results from their Phase III trials for their once-weekly insulins in adults with type 2 diabetes, showing non-inferiority in A1C reduction compared to daily basal insulins and potentially improved patient adherence.
Full articleSummary: Colgate-Palmolive (India) Ltd. stock traded 0.8% down on Tuesday, with consolidated net sales for the latest quarter increasing by 7.01% and net profit increasing by 20.11% year-over-year.
Full articleSummary: Eli Lilly and Company has received a 'Moderate Buy' recommendation from nineteen ratings firms, with an average 1 year target price of $769.53. Several equities analyst raised the target price and rating of the stock. The company recently announced a quarterly dividend of $1.30.
Full articleSummary: Colgate-Palmolive (India) Limited has announced an increased dividend payment compared to last year, leading to a dividend yield of 1.8%. However, the company's earnings are not enough to cover the payments, resulting in a high payout ratio. There are concerns regarding the sustainability and reliability of the dividend in the future despite potential earnings growth.
Full articleSummary: Home Depot was fined $1.3 million for fire code violations at several locations after a San Jose arson fire in April 2022. Investigators found that the store's automatic sprinkler system was disabled during the fire, and high piles of pallets blocked firefighters' access. Home Depot is implementing new training and tracking methods to ensure compliance.
Full articleSummary: IBM announced the release of a family of AI models as open-source software and is helping Saudi Arabia train an AI system in Arabic. The company is taking a different approach from some of its competitors by providing open access to the models themselves.
Full articleSummary: Microsoft revealed a new class of AI-imbued personal computers with an AI assistant called Copilot that will have features like Windows Recall giving it 'photographic memory' of a person's virtual activity. The company aims to make computers anticipate users' wants and intentions based on AI technology.
Full articleSummary: Eli Lilly's tirzepatide drug received approval from Chinese regulators for treating type 2 diabetes.
Full articleSummary: Nike Air Force 1 Low set to release in a stunning 'Glacier Blue/Gum' colorway, featuring gum rubber sole and glacier blue leather upper, expected to be highly sought after.
Full articleSummary: AllianceBernstein appoints Souheir Asba as an investment-grade credit portfolio manager to oversee Euro Investment Grade and Global Investment Grade credit strategies.
Full articleSummary: IBM announced several new product launches at IBM Think 2024 in Boston, including IBM Concert, new watsonx AI Assistants, IBM Granite, InstructLab with Red Hat, expanded Nvidia GPU offerings, boosted AWS collaboration, Meta Llama 3 partnership, new MSP program for partners, and an expanded IBM Rise with SAP collaboration.
Full articleSummary: Shares of Colgate-Palmolive (India) Ltd. fell 0.8 per cent in Tuesday's trade despite Nifty being up. The company reported a 10.33% increase in consolidated sales and a 20.11% YoY growth in net profit for the latest quarter. Analysts caution against relying solely on the RSI indicator for trading decisions.
Full articleSummary: Eli Lilly's tirzepatide drug has received approval from Chinese regulators for use to treat type 2 diabetes.
Full articleSummary: Truist Financial analyst Jamie Cook maintained a Buy rating on Deere, set a $460 price target. Barclays’s Adam Seiden also gave a Buy rating. Bank of America Securities maintained a Hold rating on Deere. Deere reported quarterly revenue of $12.19 billion and a net profit of $1.75 billion.
Full articleSummary: Peel Hunt LLP has crossed a notable threshold of voting rights in Oracle Power PLC, with a 23.093554% stake translating to over 1.5 billion voting rights, suggesting a strategic shift in shareholder influence.
Full articleSummary: American Express Company (AXP) leads the Dow Jones surge past 40,000 mark on robust corporate returns and speculation of potential interest rate cuts. Warren Buffett's investment in AmEx highlights its enduring value. Q1 earnings beat projections with increased spending on cards and higher customer balances.
Full articleSummary: Oracle (ORCL) closed with a +0.83% gain, outperforming S&P 500 and showing positive momentum. Analysts are anticipating a decrease in EPS for the upcoming earnings release, but a significant upward movement in revenue. Oracle is currently rated as a Buy (#2) by Zacks Rank. The stock is trading at a discount to the industry based on valuation metrics like Forward P/E ratio and PEG ratio.
Full articleSummary: Controversy surrounding BlackRock's involvement in the management of airports in Malaysia through its subsidiary Global Infrastructure Partners (GIP), which has sparked protests and concerns over its alleged links to Israel's war crimes.
Full articleSummary: Lockheed Martin successfully tested the PAC-3 MSE missile in partnership with U.S. military services, showcasing an upgraded missile capability for the U.S. Navy to counter advanced threats at sea. The company has invested around $100 million in the integration effort, with plans to increase missile production numbers.
Full articleSummary: PayPal Holdings, Inc. stock has a consensus rating of 'Hold' from thirty-five research firms. The average 12-month price target for the stock is $72.73. Recently, there have been mixed recommendations from research firms, with some raising price targets and others lowering them. Additionally, insider selling and institutional trading activity have been reported on PayPal stock.
Full articleSummary: PepsiCo (PEP) has earned a consensus rating of 'Moderate Buy' from analysts with a target price of $187.58. The company recently reported earnings exceeding estimates, increased its dividend, and saw insider activity with CEO selling shares.
Full articleSummary: Bank of New York Mellon (BK) shares declined over 9% after reporting mixed Q1 results and warning of continued pressure due to higher interest rates, mainly affecting net interest revenue. The company's CEO warned of a 3% to 5% sequential drop in net interest revenue for Q2.
Full articleSummary: Fire broke out at Tesla's vehicle assembly plant in Fremont, California, no injuries reported. The incident was described as a two-alarm, commercial structure fire in a two-story building with the origin believed to be an oven. This follows recent layoffs at the company.
Full articleSummary: Pfizer Inc won the dismissal of a long-running shareholder class action accusing the company of misleading investors about the safety of its Celebrex and Bextra drugs, due to lack of admissible loss causation and damages evidence.
Full articleSummary: Microsoft launched a new category of personal computers with AI features to compete with Alphabet and Apple. The new computers, named Copilot+, can handle AI tasks without a cloud data center, feature a 'Recall' function, and run a real-time virtual coach for games. Microsoft also introduced Snapdragon X Elite chips by Qualcomm to accelerate AI applications.
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