Summary: Bank of America upgraded Coinbase to neutral from underperform and raised its price target to $217 from $110. The positive macro backdrop supporting the crypto market cap growth and trading volumes was highlighted. Risks include the exchange's reliance on transaction revenue and the ongoing lawsuit with the SEC.
Full articleSummary: Boeing's first flight with people aboard its Starliner spacecraft has been delayed again due to a helium leak in the capsule's service module.
Full articleSummary: John Barnett, a former quality control engineer at Boeing who accused the company of safety infractions and was in the midst of suing them, was found dead with the coroner ruling his death as a suicide due to a gunshot wound. His death has sparked conspiracy theories blaming Boeing.
Full articleSummary: Medtronic Affera Mapping and Ablation System with Sphere-9 Catheter achieves endpoints for safety and efficacy, providing promising evidence for the future of atrial fibrillation treatment
Full articleSummary: The AZEK Company Inc. received a notice of non-compliance from the NYSE regarding the late filing of its Quarterly Report on Form 10-Q, giving the company up to six months to regain compliance. The company attributes the delay to the need to complete restated financial statements for prior fiscal years and interim periods. The company, known for its environmentally sustainable outdoor products, is committed to using recycled materials and has received various awards for its innovation and sustainability efforts.
Full articleSummary: Apple could owe hundreds of dollars to users who owned iPhone 7 or 7 Plus and complained about audio issues or needed repairs between Sept. 16, 2016, and Jan. 3, 2023, as part of a class-action settlement.
Full articleSummary: Blackrock Smaller Companies Trust PLC reports decrease in net asset value per share, but increase in dividend payout for financial year 2024. Chair Ronald Gould emphasizes company's positioning amidst market volatility and upcoming elections.
Full articleSummary: TCW Group is changing the listing exchange for its ETFs to the New York Stock Exchange (NYSE) effective May 30, 2024. The ETFs will offer better execution experience, trading technology, and liquidity by listing on NYSE. Shareholders are not anticipated to be impacted by this change.
Full articleSummary: Boeing whistleblower John Barnett was found dead in his truck in March after failing to show up for depositions. Investigators concluded his death was a suicide with self-inflicted gunshot wound, document confirmed gunshot residue on his hand, found suicide note, and no signs of foul play. Barnett was suing Boeing alleging retaliation and harassment. Boeing CEO announced resignation.
Full articleSummary: Chevron is selling its remaining oil and gas assets in the UK, including its stake in the BP-led Clair oil field and infrastructure around the Shetland Islands, as part of a portfolio rationalization strategy.
Full articleSummary: Medtronic announced positive results in a trial for its Affera Mapping and Ablation System with Sphere-9 Catheter for atrial fibrillation treatment.
Full articleSummary: Coca-Cola Consolidated's Vice Chair, Everett Morgan Harrison, has made share purchases and gifts, providing insights into insider trading activities within the company. InvestingPro's analysis showcases COKE's financial profile, highlighting its market capitalization, P/E ratio, dividend history, and recent stock performance.
Full articleSummary: Home Depot Inc.'s Executive Vice President of U.S. Sales and Operations, Hector A. Padilla, conducted stock transactions as part of personal financial management strategies, including diversification and estate planning. Home Depot continues to show strong performance in the retail sector specializing in lumber and building materials.
Full articleSummary: Home Depot, Inc.'s Executive Vice President and Chief Information Officer sold 3,000 shares of the company's common stock, totaling approximately $1.03 million. The transaction was disclosed in a filing with the Securities and Exchange Commission, with Siddiqui continuing to hold 8,155 shares of Home Depot stock. The sale is a routine disclosure providing investors with up-to-date information on the financial dealings of Home Depot's executives.
Full articleSummary: Nvidia is set to report its first quarter earnings, with Wall Street expecting strong results and higher revenue guidance. The company's stock price is anticipated to reach an all-time high. Analysts are optimistic about the demand for Nvidia's data center products and GPUs, particularly the Blackwell series.
Full articleSummary: JPMorgan Chase has created a solution to help small business clients make data-driven decisions within their operations.
Full articleSummary: Medtronic's Affera Mapping and Ablation System with Sphere-9 Catheter reaches safety and efficacy endpoints in trial for treating atrial fibrillation, higher freedom from AFib observed compared to control arm, company files for U.S. approval.
Full articleSummary: Salesforce CEO Marc Benioff sold a total of $4,296,587 worth of company stock in multiple transactions under a prearranged trading plan. The sales ranged from $285.0932 to $290.00 per share and were conducted on May 16, 2024. Despite the sales, Benioff still holds a significant number of Salesforce shares directly or through associated entities.
Full articleSummary: Cache Valley Bank is modernising its front-to-back office technology with Finastra's solutions, moving to the Phoenix core banking system and implementing Digital Banking, Fusion Analytics, and other ancillary solutions.
Full articleSummary: Cache Valley Bank is modernizing its front-to-back office technology with Finastra's solutions, including Phoenix core banking system and Finastra Digital Banking. They will also gain access to Finastra's fintech ecosystem and plan to move all on-premises software to the cloud.
Full articleSummary: Amgen Inc. maintained a positive outlook following FDA's accelerated approval of Imdelltra for small cell lung cancer, leading to an optimistic peak sales projection exceeding $2 billion. The company is preparing for an investor event to discuss further details on its latest FDA-approved therapy and Tezspire data for COPD treatment.
Full articleSummary: Google is expanding its Circle to Search feature to iOS devices through Google Chrome, allowing users to run a search based on any text or images on screen.
Full articleSummary: Comcast plans to offer a new streaming bundle with Peacock, Netflix, and Apple TV+ similar to cable channels packages.
Full articleSummary: The Microsoft PC Manager app is providing controversial advice to users regarding changing Edge's search engine to something other than Bing, implying that it needs to be 'repaired'.
Full articleSummary: Amgen received accelerated approval from the U.S. FDA for Imdelltra in treating adults with extensive-stage small-cell lung cancer, potentially boosting the drug to blockbuster status and strengthening the company's cancer portfolio.
Full articleSummary: Google Cloud accidentally deleted a giant customer account of UniSuper, an Australian pension fund managing $135 billion worth of funds, leading to downtime and loss of data for nearly two weeks.
Full articleSummary: Boeing delays maiden crewed flight of Starliner spacecraft due to helium leak, new launch scheduled for Saturday, May 25, to further assess the situation.
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