Summary: Costco has upset some customers by increasing prices of popular items and hinted at potential price rises for memberships. Despite increased profitability in gas sales, there are concerns about policies and potential loss of shoppers.
Full articleSummary: Salesforce partners with NTT DATA Group to streamline application environment and prepares to report fiscal first-quarter results. Analysts expect results in-line with guidance with revenue growth of 11% and non-GAAP earnings of $2.29 per share. Price action: Salesforce shares were trading 0.6% higher at $287.32 late Monday morning.
Full articleSummary: Roblox (NYSE:RBLX) saw its shares plummet over 20% after reporting lower guidance for full-year bookings growth, despite investing in growth areas. Active user growth decelerated in Q1 and monetization remains a challenge. Analysts have mixed views on the company's stock, with a consensus rating of Moderate Buy.
Full articleSummary: China's Ministry of Commerce has imposed sanctions on Boeing and two other defense companies for arms sales to Taiwan, impacting their operations in China.
Full articleSummary: Microsoft is holding a major news conference ahead of its annual Build conference, with speculation around AI focus and Windows on Arm advancements. Potential topics include new processors from Intel, AMD, Qualcomm, Microsoft Copilot enhancements, and a possible mention of Windows 12.
Full articleSummary: Texas Instruments Incorporated (TXN) is performing strongly, approaching its highest close since December 7, 2021, with consistent upward movement in the past days and significant gains month-to-date and year-to-date.
Full articleSummary: BlackRock was sued for $20 million by a former vice president who developed a search engine to monitor client discussions about illegal investments and was fired allegedly for objecting to shady practices. The asset manager is facing a lawsuit for violating state labor law.
Full articleSummary: US stock indexes are moderately higher today, supported by M&A activities and positive Q1 earnings. Fed comments were mixed, but the markets are speculating on potential rate cuts. Overseas stock markets are also trading higher. Interest rates are up, affecting T-notes. Various US stocks are moving, with cruise line operators and technology companies seeing gains while companies like Ulta Beauty and Tesla are down.
Full articleSummary: Tech companies have been joining the dividend club since the start of 2024 and global companies distributed a record amount in dividends last year. Microsoft Corporation (NASDAQ:MSFT) is analyzed as a potential quality dividend stock to buy according to Reddit due to its strong financial health, stable dividend growth, and solid financial performance.
Full articleSummary: Intel has finally launched the IPU E2100 DPU codenamed 'Mt Evans' with features such as Arm cores and hardware offloads for storage, networking, and security.
Full articleSummary: CalPERS is planning to vote against all 12 members of ExxonMobil's board of directors and its CEO in response to a lawsuit filed by ExxonMobil aiming to punish small shareholder groups who spoke out against the company. CalPERS is urging other ExxonMobil shareholders to do the same in order to protect shareholder rights and corporate governance principles.
Full articleSummary: US national security officials have warned Google, Meta, and other firms about the risk of tampering with undersea internet cables by China-controlled repair ships, particularly concerning fiber-optic cables in the Pacific Ocean. The concerns include the potential threat to US commercial and military data due to tampering with the cables by SB Submarine Systems, owned by state-controlled China Telecom.
Full articleSummary: BlackRock was sued for $20 million by a whistleblower for shutting down a search engine monitoring client discussions about illegal investments, including in China.
Full articleSummary: IBM announced its top 30 Partner Plus Award winners at IBM Think 2024, recognizing partners for their expertise, impact, and innovation in categories like AI, automation, modernization, digital defense, digital labor, and sustainability.
Full articleSummary: Cornerstone Advisors LLC reduced its position in Emerson Electric Co. by 30.8% in the fourth quarter, selling 19,100 shares. Various other large investors have either increased or decreased their stakes in EMR. Wall Street analysts have raised target prices and ratings for EMR shares.
Full articleSummary: BlackRock Sustainable American Income Trust plc announced the purchase of 55,000 of its Ordinary Shares at an average price of 204.91 pence per share to be held in treasury.
Full articleSummary: ConocoPhillips Alaska, Inc. plans to continue investing $1 billion annually into its legacy projects in Alaska while exploring new projects, holding 1.2 million net undeveloped acres. The company's track record and partnership with the state are aimed at creating wealth for communities.
Full articleSummary: Nike is offering 25% off new and already on-sale styles of its heritage Cortez sneakers, which have been trending and seen on celebrities and influencers. The Cortez shoes have been a staple for over 50 years and are currently popular in various colorways.
Full articleSummary: Tesla faced internal turmoil as CEO Elon Musk fired the Supercharger division, leading to layoffs and restructuring of the team responsible for expanding the charging network. Despite the drastic changes, Tesla plans to invest over $500 million to expand the Supercharger network and make it compatible with other manufacturers' vehicles.
Full articleSummary: Tesla has announced it's rolling back Steam support in its vehicles, affecting new Model S and Model X owners. The Steam app won't be available in newer cars, but existing compatible cars remain unaffected.
Full articleSummary: Bank of America Corporation significantly increased its stake in Johnson Matthey PLC, crossing a major shareholding threshold. The bank now holds approximately 14.83% of the voting rights, demonstrating a growing interest in the sustainable technologies sector represented by Johnson Matthey.
Full articleSummary: Xfinity/Comcast recently suffered a massive data breach affecting more than 35.8 million Xfinity customers, and customers may be eligible for compensation if they received an email or letter regarding the breach.
Full articleSummary: JPMorgan Chase (JPM) boosted expectations for net interest income in 2024 due to fewer expected rate cuts. The bank anticipates making $91 billion this year, attributing the revision to better-than-expected performance and fewer rate cuts. Additionally, the bank raised expense and technology budgets and announced the launch of JPMorgan-branded Private Client service targeting mass affluent customers.
Full articleSummary: Analysts have given Salesforce.com (CRM) an average brokerage recommendation (ABR) of 1.73, approximating between Strong Buy and Buy. However, studies suggest that brokerage recommendations may not always lead to the best investment decisions due to a positive bias. It is recommended to use tools like the Zacks Rank, which correlates stock price movements with earnings estimate revisions, to make more informed investment decisions.
Full articleSummary: Chevron is divesting its 19.4% stake in the Clair field along with other assets in the North Sea, potentially raising up to US$1bn. This marks the company's exit from the oil and gas producing region after over 55 years.
Full articleSummary: IBM announced a dedicated MSP program aimed at providing tailored offerings from its automation portfolio to MSP clients and supporting partners through easy onboarding and access to resources. They also revealed the winners of the 2024 IBM Partner Plus Awards at the recent Partner Plus Day event.
Full articleSummary: Broadcom has launched a new set of 400GbE adapters in its Thor line aimed at the AI market, positioning itself as a competitor to NVIDIA. The adapters offer lower power consumption and extended reach with slim DAC cables, targeting modern AI servers with multiple 400GbE interfaces.
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