Summary: Comparison between Nvidia and Taiwan Semiconductor Manufacturing highlighting Taiwan Semiconductor Manufacturing as a better long-term bet due to the future growth potential beyond Nvidia's current products in the AI industry.
Full articleSummary: Charles Schwab Corp. announces CFO transition and other leadership moves as part of long-term succession plan. Several longtime executive leaders transitioning to new roles, including CFO Peter Crawford retiring and being succeeded by Mike Verdeschi. Joe Martinetto transitioning to executive chairperson of Schwab Banks and Bernie Clark transitioning to advisory role. Company laying groundwork for growth and success and developing a strong bench of leaders.
Full articleSummary: Apple is preparing to unveil iOS 18 at its upcoming WWDC 2024 annual developer conference, featuring significant updates and new features such as eye-tracking technology, generative AI capabilities, vehicle motion cues, and music haptics.
Full articleSummary: Nvidia, Lowe’s, TJX Companies, Target, e.l.f Beauty, Dollar Tree, and more will report earnings next week. The Federal Reserve will release FOMC meeting minutes for May on Wednesday.
Full articleSummary: Capital One Spark Cash Select for Excellent Credit is a straightforward cash-back business credit card with no annual fee, offering a welcome offer of earning $750 cash back after spending $6,000 in the first three months. It provides 5% cash back on rental car and hotel reservations through Capital One Travel, and 1.5% cash back on all other purchases. The card also includes benefits like free employee cards, no foreign transaction fees, roadside assistance, and extended warranty protection.
Full articleSummary: NXG Cushing Midstream Energy Fund announced an 'at-the-market' offering program through a distribution agreement with Foreside Fund Services, LLC, with the intention to invest net proceeds in accordance with its investment objective and policies.
Full articleSummary: Charles Schwab announces several executive transitions as part of the firm’s long-term succession planning strategy.
Full articleSummary: Boeing's Starliner spacecraft launch delayed by at least four days due to a helium leak in the propulsion system. Mission now scheduled for May 25, pending further analysis. The capsule's first piloted test flight experienced several technical glitches in the past.
Full articleSummary: Alphabet's stock has soared in the past five years, primarily driven by its dominance in the digital ad industry. With growth engines like YouTube and Google Cloud, as well as the potential of Waymo in autonomous driving technology, Alphabet is expected to continue rewarding shareholders in the future. The stock is currently at a reasonable valuation and is projected to maintain its double-digit growth.
Full articleSummary: Tesla is warning vehicle owners that new cars will no longer have Steam gaming support due to an update in the gaming computer, potentially as a cost-cutting measure. This change comes after initially launching the feature in 2022 as part of a major development push by CEO Elon Musk.
Full articleSummary: IBM has agreed to sell its QRadar SaaS portfolio to Palo Alto Networks, reshuffling the competitive landscape in the cybersecurity space. The deal is expected to close by the end of September, with transition services being offered to customers for migration. Analysts believe the acquisition will benefit Palo Alto Networks, providing a boost to its Cortex XSIAM SIEM offering.
Full articleSummary: Blackrock Silver Corp shares experienced a slight increase in price by 5.97% during trading, closing at $0.35 on the TSX-V. The company's annual EPS is $-0.03 and it is categorized as a TSX Other Precious Metals & Mine company headquartered in Vancouver, CAN. Market capitalization is $74.72 million with 223,045 shares outstanding.
Full articleSummary: Boeing whistleblower John Barnett left a suicide note expressing his frustrations with Boeing leadership and safety concerns, leading to his tragic death.
Full articleSummary: A Delaware federal jury has ordered AstraZeneca to pay Pfizer $107.5 million in damages for patent infringement related to its lung cancer drug Tagrisso violating Pfizer's patents on methods for treating cancer with Nerlynx. AstraZeneca plans to vigorously defend its rights in a separate bench trial coming up in June.
Full articleSummary: Financial giants have shown a bullish move on Caterpillar with 19 unusual trades, volume and open interest analysis suggest a price window of $300.0 to $370.0. Notable options trades include both bullish and bearish sentiments.
Full articleSummary: Moderna wins a legal battle as the European Patent Office upholds the validity of one of its key patents in the ongoing dispute with Pfizer and BioNTech over COVID-19 vaccine technology.
Full articleSummary: Wall Street closed with the Dow reaching a record high while the rest of the market mostly flat due to investors taking a breather after recent gains. Comcast announced a streaming-TV bundle called Stream-Saver, aiming to attract customers back with reduced price compared to competitors.
Full articleSummary: Bank of America upgraded Coinbase shares from underperform to neutral and raised price target to $217, citing favorable market conditions and Coinbase's commitment to expense discipline and diversification. KBW also increased Coinbase price target to $230, praising the company's potential for long-term growth.
Full articleSummary: Citigroup upgraded their outlook for Prime Medicine from Neutral to Buy with an analyst price forecast suggesting 114.11% upside. Various funds and institutions have reported positions in Prime Medicine, totaling 70,064K shares, with a bullish outlook indicated by the put/call ratio of 0.12.
Full articleSummary: Nike is offering an extra 25 percent off on already discounted shoes and clothes on its website by using the code SUMMER25 at checkout.
Full articleSummary: Microsoft (MSFT) is ramping up its video game sales strategy as it prepares to release the next installment of Call of Duty on its Game Pass subscription service. TECHnalysis Research President and Chief Analyst Bob O'Donnell discusses the move and highlights the importance of Microsoft's AI initiatives to stay competitive in the market.
Full articleSummary: Former Boeing manager, John Barnett, who raised safety concerns and was found dead had a history of mental health challenges, intensified by ongoing legal proceedings related to his whistleblower case.
Full articleSummary: Lockheed Martin awarded a $756 million contract by the U.S. Army to build more Long Range Hypersonic Weapon batteries, involving additional LRHW battery equipment, support systems, and logistics solutions.
Full articleSummary: Brandon Lowe could rejoin the Rays as early as Monday after being sidelined with an oblique strain. Other players like Ryan Pepiot and Chris Devenski are also progressing in their rehab assignments, indicating potential roster additions for the upcoming games.
Full articleSummary: NASA has announced a new targeted day for the first crewed Starliner launch after facing multiple delays, now scheduled for no earlier than May 25 at 3:09 p.m. due to a helium leak and mechanical issues.
Full articleSummary: Executives across various industries discuss current market trends and consumer behavior, indicating a strained consumer looking for value. Home Depot's first quarter earnings missed revenue estimates. Walmart reports consistent consumer behavior with wallets still stretched.
Full articleSummary: First Western Trust Bank trimmed its stake in Alphabet Inc. by 4.7% during the fourth quarter, according to its recent 13F filing. Several other hedge funds and institutional investors have bought and sold shares of the stock. Analysts have set new price targets for Alphabet, with an average target of $190.60.
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