Summary: Former diversity program manager at Facebook and Nike sentenced to over 5 years in prison for stealing millions; orchestrated elaborate scheme using fraudulent vendors and invoices. Stole over $4.9 million from Facebook and $120,000 from Nike to finance luxury lifestyle.
Full articleSummary: Oracle Co. has received a 'Moderate Buy' rating from twenty-four brokerages, with an average 12-month price target of $130.76. Recent analyst actions include target price increases and positive ratings, with insider transactions and institutional investments also reported.
Full articleSummary: Boeing whistleblower John Barnett, who raised safety concerns about the planes, died by suicide as confirmed by Charleston County Coroner's Office. Barnett experienced mental health challenges intensified by ongoing legal proceedings related to his whistleblower case.
Full articleSummary: Starbucks Corporation's stock price surges by +3.41% in the current trading session despite a -18.91% Year-to-Date change, with 14.4M in trading volume. Recent news includes a rise in stock price due to favorable promotions like half-off drinks, a Workers’ Rights Board report highlighting labor conditions, and analysts' reports discussing growth strategies and financial performance.
Full articleSummary: Home Depot (NYSE:HD) was upgraded from a 'hold' rating to a 'buy' rating by equities researchers at StockNews.com. Several other analysts also provided their ratings and price targets for HD. Home Depot reported earnings per share of $3.63 for the quarter, beating analysts' estimates.
Full articleSummary: The Dow Jones industrial average finished above 40,000 for the first time, marking a historic milestone driven by positive economic news and a drop in inflation. Over the past 40 years, the Dow has doubled multiple times, highlighting the potential long-term benefits of stock investments. However, the specific numerical value of 40,000 itself may not hold significant meaning for investors.
Full articleSummary: Comcast Corporation entered into a new $11.8 billion credit agreement to replace its prior $11 billion credit agreement, providing flexibility for future borrowings and extending the expiration date.
Full articleSummary: The Dow Jones Industrial Average closed above 40,000 points for the first time in its history, amidst optimism around AI and surprising economic resilience despite recession fears.
Full articleSummary: Shaquille O'Neal returns to Reebok as the president of basketball operations and aims to bring the brand back to its former glory, with plans to retro-release popular sneakers like The Answer III and The Answer IV. He also hopes to revitalize the brand alongside Allen Iverson and intends to lead Reebok to be number 1 again within the industry.
Full articleSummary: Microsoft is set to unveil new consumer-targeted Surface PCs powered by updated Qualcomm Snapdragon chips on May 20, a day before the Microsoft Build keynote on May 21 showcasing AI innovations.
Full articleSummary: HSBC Bank USA introduced a new Hybrid Checking Account for business clients that combines an earnings credit rate (ECR) with credit interest. This account maximizes yield, lowers costs, and saves time and effort for clients by reducing the need for multiple accounts.
Full articleSummary: Fiera Capital Corp reduced its holdings in Lowe's Companies, Inc. by 18.9% during the fourth quarter. Several other large investors also modified their holdings. Lowe's Companies announced a dividend, with a payout ratio of 33.43%. Wall Street analysts have issued various ratings on LOW stock, with an average rating of 'Hold' and a consensus price target of $252.67.
Full articleSummary: Fiera Capital Corp trimmed its holdings in Colgate-Palmolive by 20.1% during the fourth quarter, according to its most recent filing with the SEC. Several other institutional investors and hedge funds have bought and sold shares of Colgate-Palmolive. Analysts have set new price targets for CL, with an average rating of 'Moderate Buy'. Insider activity includes selling of shares by the CEO and other insiders. Colgate-Palmolive reported earnings that beat estimates, increased dividend, and has a strong portfolio of consumer products.
Full articleSummary: Apple is reportedly working on a slim 'iPhone 17 Slim' set to debut in September 2025 as part of a major redesign project named D23, which is expected to cost more than the iPhone Pro Max.
Full articleSummary: NXG Cushing® Midstream Energy Fund (NYSE: SRV) announced an 'at-the-market' offering program to sell common shares through a distribution agreement. The Fund intends to invest the net proceeds in accordance with its investment objective and policies.
Full articleSummary: Amgen's Imdelltra (tarlatamab-dlle) has received accelerated approval from the FDA for the treatment of adult patients with extensive-stage small cell lung cancer with disease progression after platinum-based chemotherapy. The approval is based on promising response rates and duration of response observed in clinical studies.
Full articleSummary: Nike may be looking to revive the Pro B model of Dunks, as images of a recent sample pair with fat tongue and Zoom Air insole have surfaced, hinting at a potential release in the future.
Full articleSummary: Sales and net profit of Pfizer have declined in the quarter ended March 2024 compared to the previous quarter.
Full articleSummary: Costco Wholesale (NASDAQ:COST) was upgraded from a 'hold' to a 'buy' rating by StockNews.com, with several other brokerages also issuing ratings such as 'neutral', 'buy', and 'accumulate'. The stock has an average rating of 'Moderate Buy' and an average price target of $695.08. Costco Wholesale reported quarterly earnings exceeding analysts' expectations.
Full articleSummary: Biden's tariffs aim at Chinese EVs and batteries to protect U.S. automakers, potentially impacting Tesla's Model 3 RWD which uses Chinese batteries. The new 25% tariff on imported Chinese EV batteries could lead to higher production costs for Tesla.
Full articleSummary: Moderna Inc achieved a significant victory at the European Patent Office in its legal battle with Pfizer and BioNTech over the Covid-19 vaccine. The EPO upheld the validity of Moderna's crucial patent, potentially impacting the competitive landscape in the vaccine market.
Full articleSummary: Reddit Inc (RDDT) surged by 13.74% after announcing a partnership with ChatGPT, sparking mixed reactions among Reddit users regarding the potential impact on the platform and AI technology integration. Some users expressed concerns about AI brain explosion and chaos, while others highlighted the value in real user opinions and authentic human interactions. The strategic move could open up new revenue streams and potentially lead to lucrative business partnerships.
Full articleSummary: Pfizer's stock surged 3.03% after announcing positive Q4FY24 results including a 38% rise in profit and a 4% increase in Ebitda. The company also recommended a dividend of Rs 35 per equity share.
Full articleSummary: Starbucks announced a university education aid plan for its U.S.-based employees in partnership with Arizona State University, aimed at helping them complete a bachelor's degree. This initiative is in response to the high costs and challenges associated with obtaining higher education in the United States.
Full articleSummary: 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.
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