Summary: New York State's pension fund plans to remove three top Boeing executives and block pay raises due to safety issues with its 737 Max aircraft.
Full articleSummary: Boeing's use of substandard parts in its aircraft has led to over 10 emergency landings, raising serious safety concerns. The death of whistleblower John Barnett exposed workers' practices and serious problems with the oxygen system. FAA found numerous issues at Boeing production facilities, with mechanics failing quality audits.
Full articleSummary: Nike's Shox technology, particularly the Shox TL, is making a comeback with bold colorways like 'Volt' & 'Fire Red'. The Nike Shox TL 'Volt/Fire Red' is set for release in the near future for $170.
Full articleSummary: Top U.S. banks have been major financiers of the fossil fuel industry, collectively investing almost $7 trillion since the Paris Climate Agreement. There is growing pressure to keep funding this industry despite some positive trends of decreased lending in recent years.
Full articleSummary: Intuit (INTU) stock closed at $653.37, slightly down by -0.27%. The company is set to report earnings on May 23, 2024, with expectations for EPS to be $9.34, revenue at $6.63 billion, resulting in positive changes (+4.71% and +10.25% respectively) compared to last year. Intuit holds a Zacks Rank of #2 (Buy) and has a Forward P/E ratio of 39.92, trading at a premium to its industry average.
Full articleSummary: Aerospace supplier Spirit AeroSystems is planning to lay off between 400 and 450 employees due to the slowdown in delivery rate on commercial programs compels. Boeing, its key client, has been facing issues like the worldwide grounding of the 737 Max and CEO stepping down. Former quality auditor, Joshua Dean, alleged serious quality defects and was fired after whistleblowing.
Full articleSummary: Nikko Asset Management Americas Inc. lowered its position in Caterpillar Inc. (NYSE:CAT) by 18.1% in the 4th quarter. Insider activity includes an insider selling shares and another purchasing shares. Analysts have mixed reviews on Caterpillar, with some upgrading and others downgrading the stock. The stock is trading down 2.6% on NYSE.
Full articleSummary: Medtronic plc (NYSE:MDT) experienced a 0.5% rise in share price during Thursday's trading. The company attracted analyst attention, receiving various target price upgrades and ratings. Additionally, a quarterly dividend was declared, and significant insider stock sales were reported.
Full articleSummary: Amgen's drug for treating late-stage lung cancer received approval from U.S. regulators, marking a significant development for the pharmaceutical company.
Full articleSummary: Wells Fargo's Michael Pugliese suggests that the Fed could cut rates twice this year if inflation continues to decrease.
Full articleSummary: U.S. banks are expected to experience a slowdown in their profit growth, primarily due to the decrease in home lending which is forecasted to be down by 16% this year. JPMorgan seems to be in a funk with huge staff cuts, dropping out of the Euromoney FX poll, and expressing negative views about other investment banks.
Full articleSummary: Comcast intervened to address MSNBC's criticism of Israel's handling of the deadly Hamas attacks, which led to changes in coverage and lineup of anchors. The network lost viewership and faced backlash for its coverage.
Full articleSummary: CVS Health Corporation issued a press release on May 1, 2024, reporting its first quarter results and revising its full-year 2024 guidance, leading to a significant drop in stock price.
Full articleSummary: Seritage Growth Properties (SRG) is under investigation for possible violations of federal securities laws due to a significant decrease in total net operating income and asset valuations for future sales projections as revealed in its first quarter 2024 financial results, resulting in a 27.3% drop in stock price.
Full articleSummary: Prestige Consumer Healthcare updated its FY25 earnings guidance with lower EPS and revenue estimates compared to consensus. Stock price trading down 7.0%.
Full articleSummary: Bank of America notes that despite a positive CPI report in April showing an improvement from 1Q, inflation is still above the Fed's 2% target. BoA retains its call for the first rate cut to be in December.
Full articleSummary: BlackRock, Inc. has slightly increased its stake in Bellway PLC, from 5.45% to 5.50% through direct voting rights and financial instruments.
Full articleSummary: Comcast Co. (NASDAQ:CMCSA) shares were down 0.4% in trading on Thursday following several recent research reports. The company last reported earnings on April 25th, beating EPS estimates. Institutional investors have adjusted their stakes in the stock.
Full articleSummary: JPMorgan Chase to present growth strategies, financial targets at investors day in New York focusing on succession plans, investments in artificial intelligence, and opportunities beyond traditional banking. Shareholders eager to hear about bank's forecast for net interest income (NII) and use of artificial intelligence. Succession plans of CEO Jamie Dimon also in spotlight.
Full articleSummary: Starbucks is in a dispute with Mountains and Mermaids over the use of the 'Siren' name and imagery on coffee products and apparel after previous legal battles. Starbucks sought to trademark 'Siren's Blend' but was rejected due to Mountains and Mermaids' existing trademark for 'Siren's Brew.'
Full articleSummary: Kraft Heinz (KHC) closed higher amidst a market dip. The stock is approaching its next earnings report with expectations of a slight decline in earnings and an increase in revenue. The company holds a Zacks Rank of #3 (Hold) and is currently trading at a discount compared to its industry's average PEG and Forward P/E ratios.
Full articleSummary: Analyst Steve Scala from TD Cowen maintained a Hold rating on Bristol-Myers Squibb (BMY) with a price target of $67.00. Scala cited competition from Cytokinetics’ aficamten impacting Bristol-Myers Squibb's market position and potential future earnings. The updated financial model projects no growth for the company through 2030.
Full articleSummary: Booking Holdings Inc CEO and President Glenn Fogel sold 750 shares of the company, reflecting a continuation of insider selling trend, with a total of 42 insider sells over the past year.
Full articleSummary: EUR/USD strengthens near 1.0900 as investors anticipate three rate cuts by ECB and US Fed lowering interest rates. Focus shifts to US jobless claims data.
Full articleSummary: Bridge Oracle (BRG) airdrop details and guidelines provided by DappRadar for users to ensure successful claiming of free tokens, with emphasis on due diligence and security measures.
Full articleSummary: The article discusses the current state of the automobile industry, particularly focusing on Tesla (TSLA) and Ford (F) stocks as potential investments. Despite a rough start for Tesla in 2024, the company remains optimistic about future growth through various innovations, while Ford is making significant investments in EV models. Investors are advised that Ford may be the better stock buy compared to Tesla due to risks associated with Tesla's high valuation and uncertain future.
Full articleSummary: Apple's iMessage experienced a worldwide outage affecting thousands of iPhone users, with reports of users unable to send messages requiring an internet connection.
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