Summary: Chevron is set to sell its remaining UK North Sea oil and gas assets, signaling its exit from the UK after more than 55 years.
Full articleSummary: Meta has unveiled a new Tweetdeck-style UI for Threads on desktop, enabling users to create columns dedicated to topics of interest for real-time feeds. This update aims to enhance the real-time social experience and distance Threads from news and politics.
Full articleSummary: Proxy adviser Glass Lewis recommends Hess shareholders vote in favor of Chevron Corp's $53 billion offer due to reasonable valuation and potential upside. Other advisory firms have split recommendations on the proposed merger.
Full articleSummary: Investment analysts at Capital One Financial cut their Q3 2024 earnings per share (EPS) estimates for Ovintiv. Ovintiv stock opened down 1.4%. The company had a previous reported earnings surprise in the last quarter, beating estimates by $0.41 per share. Ovintiv also announced a quarterly dividend.
Full articleSummary: Comparison between Global-E Online and Intuit on various factors including earnings, profitability, analyst recommendations, valuation, institutional ownership, dividends, and risk.
Full articleSummary: Ford CEO Jim Farley expressed openness to expanding the Mustang lineup to include other car forms, potentially including a sedan. Official renderings and historical prototypes suggest Ford has been considering this move for years.
Full articleSummary: The Dow Jones Industrial Average has surpassed 40,000 points for the first time, reflecting a positive year for Wall Street with strong profit growth and economic stability.
Full articleSummary: OpenAI has reached a partnership deal with Reddit to use the social news site’s data for training AI models. The partnership will provide OpenAI access to real-time, structured content from Reddit and will bring new AI-powered features to Reddit users and moderators. Reddit stock was up 11% in extended trading post the announcement of the OpenAI deal.
Full articleSummary: Colgate-Palmolive (India) Ltd. stock fell by 0.63% in Friday's session despite the Sensex trading higher. The stock hit a 52-week high of Rs 2961.15 and low of Rs 1567.65 on NSE. The company reported positive sales and net profit growth for the quarter ended 31-Mar-2024.
Full articleSummary: Shares of Colgate-Palmolive (India) Ltd. fell 0.63 per cent to Rs 2669.8 in Friday's session despite Sensex trading higher. The company reported consolidated sales and net profit growth for the latest quarter.
Full articleSummary: Intel stock retested a multi-year long horizontal structure at $26 in 2023, created a bullish confirmation, then experienced a sharp rally of +100%. However, a false breakout and sell-off occurred, leading to a current retest of support.
Full articleSummary: LY-3541860, a drug under clinical development by Eli Lilly and Co for Relapsing Multiple Sclerosis (RMS), is currently in Phase II with a 75% phase transition success rate benchmark for progressing into Phase III. GlobalData provides insights on LY-3541860's drug-specific phase transition success rate and Likelihood of Approval scores compared to indication benchmarks.
Full articleSummary: Ford is considering launching new range of “authentic” combustion-engined Mustang variants, including a four-door model, to capitalize on its worldwide sales success. CEO Jim Farley emphasizes the importance of maintaining the performance and attitude of the original Mustang in any new models, while also hinting at exploring weight reduction to enhance performance in affordable versions.
Full articleSummary: Hess shareholders are advised to vote in favor of Chevron Corp's $53 billion offer at the company's special meeting as recommended by proxy adviser Glass Lewis. The proposed merger provides a reasonable valuation and potential upside to Hess shareholders.
Full articleSummary: Wells Fargo initiated coverage of Texas Instruments with an Underweight recommendation and an analyst price forecast suggesting a 7.77% downside. The projected annual revenue for Texas Instruments is expected to increase by 18.83%. Institutions holding shares in Texas Instruments have increased, with a bullish put/call ratio of 0.83.
Full articleSummary: Wells Fargo initiated coverage of Texas Instruments (TXN) with an Underweight recommendation, which comes with an analyst price forecast suggesting a 7.77% downside. There are 3,501 funds or institutions reporting positions in TXN, with a total shares increase of 1.01% in the last three months. The put/call ratio of TXN is 0.83, indicating a bullish outlook.
Full articleSummary: Chevron plans to sell its remaining oil and gas assets in the UK North Sea as part of a broader trend of major oil companies retreating from the region. The move comes as Chevron prepares for a $53 billion acquisition of Hess, aiming to focus on its most profitable assets.
Full articleSummary: Home Depot's sales are declining, but analysts believe a recovery could be on the horizon.
Full articleSummary: Alphabet's Google seeks a non-jury trial in the U.S. Justice Department's anticompetitive practices lawsuit regarding online advertising marketplace.
Full articleSummary: Cisco Systems (CSCO) to acquire Tandberg ASA for $3 billion. Bank of America (BAC) president Ken Lewis to resign by the end of the year.
Full articleSummary: Cisco Systems to acquire Tandberg ASA for $3 billion at $26.50 per share. Bank of America CEO Ken Lewis to resign by end of the year.
Full articleSummary: Tech Mahindra collaborates with IBM to accelerate generative AI use worldwide, offering AI services and solutions to aid enterprises in developing AI apps and trustworthy AI models, fostering business growth. The collaboration aims to enhance efficiency and productivity in organisations by leveraging generative AI technologies.
Full articleSummary: The stock market headed to fresh all-time highs with the Dow Jones Industrial Average hitting the historic 40,000 mark fueled by bets on rate cuts. The S&P 500 hovered near 5,320 with Walmart climbing and GameStop and AMC tumbling. Analysts are optimistic about further near-term gains.
Full articleSummary: Costco is offering a 16-piece Rubbermaid container set at a greatly reduced price, leading to high demand from shoppers.
Full articleSummary: Ampere Computing partners with Qualcomm to offer energy-efficient AI chips for data centers, focusing on better power efficiency and launching a new server with integrated chips. The companies aim to provide solutions to efficiently run AI models after training, without directly competing with Nvidia.
Full articleSummary: NextEra Energy Partners, LP (NYSE:NEP) experienced unusual options trading activity with an increase in call options volume. The company also reported positive earnings results, exceeding expectations and showcasing revenue growth. Additionally, NextEra Energy Partners announced an increase in its dividend, resulting in a higher yield for investors.
Full articleSummary: Barbara Furlow-Smiles, a former Meta and Nike employee, fraudulently stole $5 million from the companies to fund a luxury lifestyle, by setting up fake deals and sham events.
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