Summary: Apple might owe users who owned an iPhone 7 or iPhone 7 Plus between Sept. 16, 2016, and Jan. 3, 2023, and complained about audio issues or needed repairs up to hundreds of dollars in a class-action settlement.
Full articleSummary: Pfizer recommended a final dividend of Rs 35 per equity Share.
Full articleSummary: Vestor Capital LLC increased its stake in Alphabet Inc by 5.3% in the fourth quarter. Several institutional investors also recently bought shares of the company. Wall Street analysts forecast growth and increased price targets for Alphabet stock. Alphabet reported positive Q1 earnings with a revenue beat, and also announced a quarterly dividend. Insider activity included share sales by CFO Ruth Porat and Director John L. Hennessy.
Full articleSummary: The Dow Jones Industrial Average reached a new high crossing 40,000 points for the first time, reflecting positive market expectations for publicly traded firms within the economy. This milestone is considered a psychological level and a decent indicator of general market performance.
Full articleSummary: Principal Securities Inc. and other institutional investors increased their stakes in Alphabet Inc. during the fourth quarter. Analysts have issued positive ratings for the company, with a consensus target price of $190.60. Alphabet reported strong quarterly earnings results, surpassing estimates and is offering a quarterly dividend.
Full articleSummary: Howard Wealth Management LLC decreased its stake in Alphabet Inc. by 1.1% during the 4th quarter, with the fund owning 8,275 shares worth $1,156,000. CEO Sundar Pichai and CAO Amie Thuener O’toole sold shares of Alphabet. Alphabet announced a quarterly dividend of $0.20.
Full articleSummary: The U.S. Postal Service (USPS) is requesting more money despite having received $120 billion in taxpayer-funded bailouts since 2020. The agency's fiscal issues stem from a failed business model and lack of cost control, with significant losses incurred due to accounting lapses and overpayments in various areas such as air transportation services.
Full articleSummary: Walmart reported strong earnings growth in the first quarter, driven by gains among higher-income shoppers, investing in new stores and e-commerce.
Full articleSummary: Caterpillar (NYSE: CAT) has been a successful investment with a total return of more than 330%, defying weakness in the machinery industry and maintaining strong earnings. Despite cyclical challenges, the company remains optimistic about future demand and expects continued growth in its ME&T segment.
Full articleSummary: AstraZeneca owes Pfizer $107.5 million in damages for patent infringement related to their lung cancer drug Tagrisso violating Pfizer's patent on breast-cancer drug Nerlynx.
Full articleSummary: Apple released an advertisement titled 'Crush' that portrays a new iPad crushing various human creative tools, which has received negative feedback and backlash from the public. Apple's attempt at marketing the thinner iPad comes off as tone-deaf and far from its roots as a company that humanized technology.
Full articleSummary: The news provides detailed trading plans for RTX based on price action analysis and technical summary data, including longer-term trading plans, swing trading plans, and day trading plans. It also mentions the availability of real-time updates for RTX and AI-generated signals for the stock.
Full articleSummary: Target Corporation is expected to report a decline in revenue but flat earnings for the first quarter of fiscal 2024. Despite cautious consumer behavior, the company's strategic initiatives are anticipated to have a positive impact. Target's shares present an attractive opportunity for investors, and the Zacks model predicts a likely earnings beat.
Full articleSummary: Charles Schwab, a top name in the mutual fund industry, offers over 100 funds with low costs and high returns. Some of the best Schwab funds for May 2024 include SWPPX, SWAGX, SWNTX, SFSNX, SWBGX, SWISX, SWVXX, and SWLGX.
Full articleSummary: Ronan Group Real Estate (RGRE) is contesting Dublin City Council’s rejection of its planned 17-storey mixed-use scheme for Dublin’s Docklands by appealing to An Bord Pleanála. The proposal includes demolishing Citigroup’s office building to construct four buildings ranging from nine to 17 storeys, with additional features like an interactive gallery. They are also requesting a 10-year planning permission due to construction industry challenges.
Full articleSummary: Hertz's big bet on buying 30,000 Tesla vehicles for its fleet has proven to be an extremely costly mistake, with only 10,000 vehicles sold so far and significant issues with the remaining cars, leading to a disastrous financial decision.
Full articleSummary: Boeing whistleblower John Barnett, who had worked at the company for three decades and submitted a whistleblower report alleging safety issues, was found dead with a gunshot wound to the head. The autopsy report suggests it was suicide.
Full articleSummary: Medtronic plc's investigational OmniaSecure defibrillation lead met primary safety and effectiveness endpoints in the LEADR Pivotal Trial by demonstrating reliable performance and successful implantation rates. This lead aims to address issues associated with existing defibrillation leads, such as large diameters and potential complications, by utilizing a low-profile design and unique implantation method.
Full articleSummary: Danaher Co. CEO Rainer Blair sold a significant number of shares, disclosed in an SEC filing. The stock pricing inched up by 0.4%. Wall Street analysts have given mostly positive ratings to Danaher. The company also announced a quarterly dividend.
Full articleSummary: The article provides technical trading plans for UPS stock with different approaches including longer-term trading, swing trading, and day trading. It also includes updated ratings for UPS as of May 17.
Full articleSummary: AstraZeneca owes Pfizer US$107.5 million in damages for patent infringement related to its lung cancer drug Tagrisso. AstraZeneca's drug violated Pfizer's patents covering methods for treating cancer with Nerlynx.
Full articleSummary: BlackRock's Rick Rieder argues that the Fed should lower interest rates to tackle inflation, as high rates may stoke inflation due to the economy being a net creditor.
Full articleSummary: Google I/O 2024 keynote focused on AI announcements, particularly the Gemini chatbot's integration into various Google products, which sets a competitive tone for Apple ahead of its WWDC keynote. Google showcased how Gemini enhances services like Gmail, Search, and photo handling, indicating significant advancements in AI technology.
Full articleSummary: Microsoft Corp. reported strong growth in its fiscal third-quarter results, driven by Intelligent Cloud and Productivity revenues. Eli Lilly and Co. is experiencing revenue growth with high demand for key drugs. Costco Wholesale Corp. continues to perform well, benefitting from strategic investments and high membership renewal rates. Koss Corp. is facing challenges in a competitive market and reported revenue decline due to issues in production cost management and pricing strategies.
Full articleSummary: Investors are anticipating Nvidia's Q1 earnings with high expectations due to projections of over 400% growth in EPS and a 237% increase in sales, reflecting confidence in the company's performance. Wall Street is looking for updates on Nvidia's Blackwell series of GPUs which are projected to drive high double-digit growth for the company.
Full articleSummary: Boeing whistleblower John Barnett died by suicide after raising safety concerns and suing the company. The Charleston Police Department concluded their investigation, determining Barnett had killed himself.
Full articleSummary: Moderna wins case at the European Patent Office against Pfizer and BioNTech over COVID-19 vaccine patent dispute. Pfizer considers legal options, Moderna expects opponents to appeal decision.
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