Summary: Saudi Arabia's national airline, Saudia Group, has placed an order for 105 Airbus airplanes worth $19 billion, marking the largest-ever aviation deal in the country's history. This deal is a major win for Airbus and signals more competition for troubled Boeing.
Full articleSummary: Tesla Inc. workers are living in fear of ongoing job cuts and uncertainty as CEO Elon Musk plans to slash at least 10% of the company's workforce, leading to anxiety, insomnia, and gallows humor among employees. The stock has already slumped 29% this year, contributing to a $224 billion loss in market value.
Full articleSummary: Veteran market strategist Randy Frederick discusses the significance of Nvidia's earnings report, highlighting the role of AI in transforming the market. He believes a weak quarter for Nvidia would not derail the future of AI and presents a potential buying opportunity for investors.
Full articleSummary: Analysts at Wells Fargo and UBS maintained a Hold rating on Salesforce, while Goldman Sachs reiterated a Buy rating. Salesforce has a one-year high of $318.30 and a one-year low of $193.43. Insider sentiment is negative with recent insider selling activity.
Full articleSummary: The article analyzes Target Corporation (NYSE:TGT) as a dividend stock option according to Reddit. Despite consistent dividend growth and strong balance sheet, concerns were raised about the company's future prospects due to potential challenges ahead.
Full articleSummary: AstraZeneca ordered to pay $107.5 million to Pfizer for patent infringement related to blockbuster oncology drug Tagrisso. Pfizer originally licensed the drug's patent to Puma Biotechnology. A Delaware federal jury found AZ guilty of inducing patent violations.
Full articleSummary: Private Advisor Group LLC raised its stake in BlackRock Health Sciences Term Trust by 24.0% during the 4th quarter. Other large investors also modified their holdings. Major shareholder Saba Capital Management, L.P. acquired 193,297 shares. The company announced a monthly dividend.
Full articleSummary: Charles Schwab Investment Management Inc. increased its stake in Clarivate Plc by 3.3% during the fourth quarter. Various other hedge funds also made changes to their positions in CLVT. Wall Street analysts have issued varying ratings for CLVT, ranging from sell to buy. Clarivate reported its quarterly earnings results on February 27th, meeting the consensus estimate of $0.21 EPS.
Full articleSummary: Coursera and Microsoft announce four new entry-level Professional Certificates to prepare learners for high-demand jobs. Coursera is partnering with Microsoft to offer over 5,000 scholarships for Microsoft programs on Coursera by 2025. The new certificates include IT Support Specialist, Cloud Support Associate, Business Analyst, and Project Manager Professional Certificates.
Full articleSummary: Telefónica Tech has announced a global deal with Microsoft to offer expanded cybersecurity services to enterprise customers, primarily focusing on Telefónica's enterprise customers in Spain and Latin America.
Full articleSummary: Lockheed Martin successfully launched a PAC-3 MSE interceptor from an MK-70 containerized launch platform to engage a cruise missile target using a new configuration, showcasing enhanced Integrated Air and Missile Defense (IAMD) capabilities.
Full articleSummary: Lowe’s Companies is expected to report a decrease in EPS and revenue for the first quarter due to headwinds such as a slowdown in home sales, tough macro environment, higher interest rates, and limited consumer spending. Seeking Alpha analysts and Seeking Alpha’s Quant ratings are cautious, rating LOW as a Hold, while Wall Street analysts rated it as a Buy.
Full articleSummary: Caterpillar Inc. announced a $90 million investment to prepare its facilities in Texas to produce the all-new Cat C13D industrial engine, creating 25 jobs starting in 2026.
Full articleSummary: Bank of America warns that Federal Reserve rate cuts are far off despite April price data showing inflation above target. The bank rejects the 'stagflation' narrative and believes that markets may be pricing in too much cuts for this year.
Full articleSummary: Broadcom Inc. announced its Accelerate Program, aiming to provide enhanced service levels for more Broadcom software solutions to a broader range of customers across multiple geographies through sole-provider distribution agreements.
Full articleSummary: The home improvement industry is experiencing significant growth due to factors like increased home remodeling, DIY projects, and technological advancements like smart home devices. Home Depot (HD), ADT (ADT), and Kingfisher (KGFHY) are recommended as top home goods stocks with attractive valuations.
Full articleSummary: CVS Pharmacy is launching Well Market, a new store brand that features snacks, beverages, and groceries. The products are available in CVS Pharmacy stores nationwide and are priced between $2.99 to $8.99, offering a variety of flavor-infused almonds, trail mixes, popcorns, granola, and drink mixes along with other snack options.
Full articleSummary: The article provides a comprehensive comparison of Johnson & Johnson (JNJ) against its key competitors in the Pharmaceuticals industry, highlighting its financial metrics, market position, growth prospects, and debt-to-equity ratio.
Full articleSummary: Apple TV's 500KB storage limitation is a challenge for developers, hindering the porting of certain apps like the emulator Delta, causing concerns among developers about iOS data management and deletions.
Full articleSummary: Analysts project that Intuit will announce quarterly earnings of $9.34 per share, with revenues expected to reach $6.63 billion, demonstrating an increase of 4.7% and 10.3% year over year, respectively. Various net revenue metrics are also estimated to experience year-over-year growth.
Full articleSummary: Microsoft and Telefonica Tech signed a global agreement to enhance real-time cybersecurity for enterprise customers using artificial intelligence tools.
Full articleSummary: Wall Street analysts expect Medtronic to post slightly lower quarterly earnings and revenues compared to the year-ago quarter. Various specific metrics are being monitored closely by analysts to predict potential investor actions.
Full articleSummary: McDonald's restaurants in Huntsville and the Tennessee Valley are partnering with RMHC to raise funds for families and sick children by donating 10% of Happy Meal sales from May 20 to May 24 to RMHC-Alabama, which provides accommodation near hospitals for families with sick kids at no cost.
Full articleSummary: Clearbridge Investments LLC reduced its position in Pfizer Inc. during the fourth quarter, selling 1,850,411 shares which was 19.3% of its holdings. The institution owned 7,734,669 shares worth $222,681,000 at the end of the quarter. A number of other institutional investors also modified their holdings in Pfizer.
Full articleSummary: Markets are eagerly awaiting the Federal Reserve meeting minutes, Nvidia is set to report its first-quarter earnings, and chief US retailers like Macy's and Target are expected to report their latest earnings.
Full articleSummary: Google CEO Sundar Pichai discusses the balance between fast innovation and responsibility in AI efforts, moving boldly but cautiously.
Full articleSummary: Apple's second-generation AirPods are on sale for $80 at Amazon, down from their usual price of $99, offering a $50 discount. The AirPods come with solid sound quality, 5 hours of battery life, and voice-activated Siri access.
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