Summary: FedEx Co. (NYSE:FDX) saw a 2.8% drop in its stock price during mid-day trading on Tuesday, accompanied by a decrease in trading volume. Wall Street analysts have mixed ratings for FDX, with some firms issuing 'buy' ratings and others 'hold' or 'sell'. The company recently announced a quarterly dividend and stock buyback program, signaling confidence in its performance.
Full articleSummary: Advancements in the power grid industry, such as scalable energy storage technologies, microgrids, and renewable energy integration, are expected to create significant opportunities with the market size projected to reach $413.9 billion by 2032, growing at a CAGR of 5.6% from 2023. Technological advancements, smart grid technologies, and the increasing demand for electricity globally are major drivers of this market.
Full articleSummary: The Bank of New York Mellon Corporation (BK) is expected to report third-quarter 2021 results showing a rise in revenues and earnings compared to the previous year. Factors impacting the performance include fee revenues, net interest revenues, and controlled expenses.
Full articleSummary: The Justice Department has determined that Boeing violated a settlement involving the 737 Max aircraft, raising the possibility of charges against the company.
Full articleSummary: Justice Department found that Boeing violated a settlement related to the 737 Max crashes, which could potentially lead to criminal charges against the company.
Full articleSummary: Comcast plans to offer a new streaming package deal named StreamSaver with Peacock, Netflix, and Apple TV+ at a reduced price. The bundle will be available to Comcast broadband, TV, and mobile customers later this month.
Full articleSummary: Microsoft's May Patch Tuesday update addresses trio of zero-day vulnerabilities, including a critical bug in SharePoint Server and actively exploited bugs in Windows DWM Core Library and MSHTML Platform. Other important bugs include Windows Search Service EoP, Windows Kernel EoP, and Windows Mark of the Web security bypass.
Full articleSummary: Nike is looking to regain its edge as an innovator of shoe technology by cutting jobs at its Converse division, which has been underperforming compared to the rest of the company.
Full articleSummary: Disney's upfront presentation showcased new projects including the confirmation of the upcoming WandaVision spinoff series titled Agatha All Along, with the first two episodes premiering on September 18th, featuring Agatha Harkness in a darker, horror-oriented vibe.
Full articleSummary: Comcast announced a new bundle, StreamSaver, including Peacock, Apple TV+, and Netflix for its customers. Other companies such as Disney and Warner Bros. Discovery are also launching new streaming bundles.
Full articleSummary: Bank dividend stocks like JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC) and Citigroup Inc. (NYSE:C) are in the limelight as central banks support markets by allowing bank reserves to grow, enabling banks to have more capital for investments and lending. Banco Bradesco SA (NYSE:BBD), a Brazilian financial services company, is highlighted for its over 8% dividend yield and low PE ratio.
Full articleSummary: RTX Corp President of Collins Aerospace engaged in significant trading activity involving the company's stock, selling 19,880 shares at a weighted average price of $105.7155 and acquiring shares through exercise of stock appreciation rights. Timm's direct holdings in RTX Corp changed as a result of these transactions.
Full articleSummary: Boeing has violated a settlement with the Justice Department regarding its 737 Max aircraft, possibly facing criminal prosecution. The company failed to make changes to prevent further violations of federal anti-fraud laws as agreed upon in the settlement. Investigations into crashes involving the 737 Max revealed issues with a flight-control system that Boeing added without informing pilots or airlines.
Full articleSummary: Boeing received only seven orders for new aircraft last month, compared to Airbus's 203 deliveries this year. The company is facing delays in its Starliner space mission and issues with the propulsion system. Amid canceled sales and FAA restrictions on 737 Max production, Boeing has been accused of safety shortcuts and cover-ups by employees and whistleblowers.
Full articleSummary: Apple released data about their anti-fraud measures in the App Store, boasting about stopping over $7 billion in potentially fraudulent transactions between 2020 and 2023. The company rejected millions of app submissions and terminated hundreds of millions of accounts due to fraud concerns.
Full articleSummary: Forescout and Microsoft have formed a strategic partnership to secure managed and unmanaged connected devices. The collaboration aims to provide comprehensive security across all connected devices, focusing on IoT, medical, and OT environments. Forescout will offer its security solutions via Microsoft Azure to all commercial and government customers.
Full articleSummary: Colgate Palmolive (India) is positioned well for the long term with promising Smart Scores across key factors, including strong Dividend and Resilience scores, indicating a healthy payout to investors and a robust ability to weather market uncertainties. The company also shows positive growth prospects and market momentum.
Full articleSummary: Global green trade tensions escalate as new Biden tariffs target China due to low-priced exports
Full articleSummary: Oracle Corporation's stock price is performing robustly with a surge of +3.87% and a substantial trading volume of 17.76M. News of a potential $10 billion cloud deal with xAI influenced the stock positively despite underperforming competitors, while being selected by Red Sea Global for hospitality tools. Analysts at Baptista Research highlight strong performance in cloud revenue growth, focusing on OCI as a key driver.
Full articleSummary: FedEx Corporation's stock price declined by -2.94% in the current trading session but has shown a year-to-date increase of +2.40%. Latest developments include innovative initiatives and sustainability commitment, potentially influencing investor sentiment. Smartkarma analysts' reports show varying perspectives on FedEx's performance and future prospects.
Full articleSummary: Klarna, a Swedish fintech company, reported that nearly 9 out of 10 of its employees are using generative artificial intelligence tools in their daily work, with specific usage rates in non-technical groups like communications, marketing, and legal.
Full articleSummary: United Parcel Service, Inc. (UPS) stock price fell by -1.77% in the current trading session with a YTD decrease of -5.91%. Upside noted on Monday suggesting positive investor response. Baptista Research analysts provide bullish coverage on UPS citing potential growth from accelerated digitization and e-commerce demand.
Full articleSummary: Meta, the owner of Facebook, is shutting down its Workplace app to focus on artificial intelligence and metaverse technologies, providing users the option to transition to Zoom's Workvivo product. Workplace had 7 million paid subscribers in 2021.
Full articleSummary: Google is rolling out 'AI Overviews' to provide AI-generated summaries at the top of search results, utilizing its Gemini AI model to enhance search experience. The AI will help in searching, organizing search results, and answering complex inquiries. Google aims to increase user interaction and engagement with the search engine.
Full articleSummary: Pair of U.S. banking regulators to host public meeting to discuss proposed acquisition of Discover Financial Services by Capital One Financial Corporation, public comment period extended to July 24, 2024
Full articleSummary: Comcast is launching a streaming bundle called Stream-saver which includes Netflix, Apple TV+, and Peacock, set to be significantly cheaper than subscribing to the services separately.
Full articleSummary: Ray Dalio of Bridgewater Associates made significant strategic moves in Q1 2024, including amplifying stakes in Alphabet Inc and making new acquisitions and reductions in various holdings.
Full article