Summary: Charles Schwab Investment Management Inc. reduced its holdings in American Equity Investment Life Holding by 3.7% in the 4th quarter, selling 37,236 shares, worth $54,309,000. Multiple other institutional investors also made changes. Wall Street analysts have given the stock a consensus 'Hold' rating with a target price of $55.33. American Equity Investment Life stock was up 0.6%, trading at $56.47.
Full articleSummary: Bristol-Myers Squibb is developing AVID-200 in Phase I for Myelofibrosis. AVID-200 is also under development for various types of solid tumors and other diseases, administered intravenously as an antibody-drug conjugate.
Full articleSummary: The US Department of Justice has filed a lawsuit against Apple targeting its Messages app and iMessage texting service for allegedly using its dominance in the mobile industry to stifle competition. However, Apple is planning to bring RCS to the iPhone, aiming to enhance cross-platform messaging experience. Pressure from both the US government and other companies is mounting on Apple to open up its messaging service and accelerate RCS adoption.
Full articleSummary: Auna beats Hims & Hers Health on 6 of the 10 factors compared between the two stocks, including institutional ownership, analyst ratings, valuation, earnings, and revenue.
Full articleSummary: Nurse at CVS Health administered COVID-19 vaccine without prior experience or knowledge of dilution requirements.
Full articleSummary: Intel Corporation announced participation in investor events at various conferences to discuss business and strategy, with live webcasts accessible via their Investor Relations website.
Full articleSummary: Simon Property Group plans multimillion-dollar upgrades to The Galleria in Houston, including modern new flooring, contemporary LED lighting, sleek entryways, and ceiling enhancements, to elevate the shopping center's aesthetics and further establish it as a premier destination for luxury retail brands.
Full articleSummary: Reddit Inc (RDDT) surged by 13.74% after announcing a partnership with ChatGPT. The news sparked reactions on Reddit, with some users expressing concerns about potential pitfalls and chaos due to the collaboration.
Full articleSummary: Comstock Resources (CRK) was downgraded by Capital One Financial analysts from 'overweight' to 'equal weight' with estimates projecting mixed earnings for Q2 2024 through FY2025. Various other brokerages also provided ratings ranging from sell to buy. Insider buying activity was highlighted with a significant purchase by Star Exploration Corp Blue, and institutional investors have shown interest in the company.
Full articleSummary: Medtronic plc announced that its investigational OmniaSecure™ defibrillation lead met its primary safety and effectiveness endpoints in the global LEADR Pivotal Trial. The lead demonstrated successful defibrillation testing in 97.5% of cases and 97.1% freedom from lead-related major complications at six months. The study enrolled 675 patients across 45 sites in 17 countries.
Full articleSummary: D.E. Shaw & Co. plans to abstain from voting on Hess Corp.'s $53 billion takeover by Chevron Corp. due to lack of clarity on arbitration with Exxon Mobil Corp., becoming the second major investor this week to oppose the deal.
Full articleSummary: The EU is investigating Microsoft for generative artificial intelligence risks on Bing search engine ahead of elections in June, threatening fines for non-compliance. Microsoft needs to provide internal documents by May 27 or face penalties. Brussels is concerned about AI-related risks like 'hallucinations', deepfakes, and voter manipulation.
Full articleSummary: Bank of America (BofA) is set to acquire Washington Federal Bank’s portfolio of commercial multi-family real estate loans, valued at $3.2 billion, as part of a strategic move to expand its presence in the commercial real estate sector by diversifying its assets and revenue streams through collaboration with Pacific Investment Management Company LLC (PIMCO).
Full articleSummary: Bank of America double upgraded Robinhood Markets to buy from underperform, raising price target to $24 from $14.
Full articleSummary: Charles Schwab Investment Management Inc. increased its stake in shares of Cadence Bank by 4.0% during the fourth quarter, several other large investors have also recently bought shares of the stock. Cadence Bank announced a quarterly dividend of $0.25 to be paid on July 1st. Wall Street analysts have provided various ratings and price targets for Cadence Bank.
Full articleSummary: A diagram of a new AMD Ryzen CPU, featuring a different structure with a massive GPU, has reportedly leaked online. The chip contains 16 Zen 5 CPU cores, 80 AI cores, and a powerful integrated GPU with 2,560 stream processors, 80 AI cores, and 40 ray tracing cores. It is designed for laptops and indicates AMD's strong focus on integrating GPU tech into CPUs.
Full articleSummary: Tesla (TSLA) is advancing its self-driving technology in China by building a data center to comply with local regulations and process data gathered in China for training algorithms. This move is seen as important for Tesla to focus on developing self-driving AI in China.
Full articleSummary: Disney CEO Bob Iger discussed reducing investment in content for linear channels like ABC and FX, aiming to engage consumers both through traditional networks and streaming platforms.
Full articleSummary: Nvidia and Modine Manufacturing are both presenting opportunities in the stock market. Nvidia has been experiencing strong earnings and revenue growth, with upcoming results forecasted to beat expectations. On the other hand, Modine is on a tear with strong earnings growth and revenue from the data center market.
Full articleSummary: Big-money investors have taken a bullish stance on Broadcom (AVGO) through unusual options trades. Analysts have an average target price of $1550.0 with a Buy rating from Jefferies. The current price of AVGO is $1401.79 with RSI indicators suggesting possible overbought conditions.
Full articleSummary: Oregon Food Bank raises concerns about a U.S. House bill proposal that may reduce SNAP benefits by only allowing future increases based on CPI and not dietary cost studies, potentially impacting the hunger crisis.
Full articleSummary: BlackRock, Inc. increased its ownership stake in Great Portland Estates PLC to 9.97% of voting rights, up from 8.94%.
Full articleSummary: Bank of America agrees to purchase a portfolio of commercial real estate loans from WaFd Inc. for about $2.9 billion to help the regional lender reduce its exposure to a sector that has raised concerns for regulators and investors.
Full articleSummary: Intel's Falcon Shores hybrid processor, combining x86 and Xe GPU cores, will offer formidable performance but consume an extreme 1500W of power, requiring advanced cooling methods. The company is emphasizing higher performance/watt and memory capacity compared to its 2022 products, with a 'simplified' programming model. Cooling methods like liquid cooling or liquid immersion may be used due to the high power consumption. Intel is optimistic about Falcon Shores despite its cautious approach towards its success.
Full articleSummary: Robinhood (HOOD) stock is up after Bank of America analysts increased price target to $24 per share, representing a potential 34% upside and upgraded rating to 'buy'.
Full articleSummary: Boeing appoints retired LGen Al Meinzinger as president of Boeing Canada and Boeing Canada Operations Ltd. Meinzinger, a distinguished leader and veteran, will lead Boeing's operations in Canada where the company maintains a significant presence.
Full articleSummary: Microsoft plans to offer AMD artificial intelligence chips as an alternative to Nvidia chips on its Azure cloud computing service, causing AMD stock to rise.
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