Summary: The Charles Schwab Corporation is subject to the U.S. Liquidity Coverage Ratio (LCR) rule which requires maintaining High Quality Liquid Assets (HQLA) to cover stressed net cash outflows; Schwab's average LCR was 130.37% in the first quarter of 2024, slightly up from 130.26% in the fourth quarter of 2023.
Full articleSummary: Hershey (NYSE:HSY) stock is down about 24% from its 52-week high due to concerns over external challenges such as the 'cocoa crisis' and GLP-1 drugs impacting demand. However, this presents a buying opportunity as the company has a strong long-term track record and seems to be effectively managing these challenges. The stock also appears attractive based on its valuation and dividend track record.
Full articleSummary: M&G Investment Management Ltd. increased its stake in Pfizer Inc. by 32.5% in the 4th quarter, with its holdings worth $29,806,000. Several other institutional investors and hedge funds also added to their stakes. Pfizer reported $0.82 earnings per share for the quarter, beating the consensus estimate by $0.26.
Full articleSummary: Google announces AI improvements to Android, work apps, and Gemini chatbot at annual I/O developer conference.
Full articleSummary: Vladimir Smirnov successfully made the Intel Arc A750 GPU work on an Arm build running Linux despite facing initial compatibility issues, showcasing a significant development in GPU compatibility with non-x86/x86-64 systems.
Full articleSummary: Alphabet unveils new AI features at annual developer event I/O, including a beefed-up chatbot and improvements to search. Shares of Alphabet rose about 1% during the event. Google also announced improvements to Gemini Pro 1.5 model and teased a new AI model for creating videos on simple text command.
Full articleSummary: Gary Confredo, former operator of Goldstar Financial Management Corp., was sentenced to 42 months in prison for conspiring to commit bank fraud in connection with a scheme to defraud Bank of America of over $3.2 million. Confredo was also ordered to pay $1,096,882 in restitution to Bank of America.
Full articleSummary: Google rolled out a retooled search engine favoring AI-generated responses over website links, which may disrupt internet traffic flow. The increased emphasis on AI in search results could potentially impact Google's ad revenue and website publishers negatively. The use of AI technology to summarize information has raised legal questions and potential lawsuits.
Full articleSummary: Google Search is incorporating generative AI to provide quick answers with AI Overviews feature, aiming to improve user experience and satisfaction.
Full articleSummary: Danny Moses, known for 'Big Short', continues to bet against Tesla stock, declaring it will drop to $50 due to a distraction from core business with Robotaxis and AI, and facing a DOJ investigation.
Full articleSummary: Dell's leaked roadmap reveals launch dates for upcoming mobile platforms from Intel, AMD, and Qualcomm, including Intel's Panther Lake, Lunar Lake, and Nova Lake chips, as well as Qualcomm X Elite processor.
Full articleSummary: JPMorgan Chase announced a £40 million investment in the United Kingdom over five years to help connect young people and underserved communities to economic opportunities. The firm is expanding its support in financial health and careers by improving access to job opportunities and helping families build stronger financial futures.
Full articleSummary: BNY Mellon High Yield Strategies Fund's share price crossed above its 50-day moving average and the company announced a cut in dividend, while institutional investors have been adding to or reducing their stakes in the company.
Full articleSummary: Intel, Argonne National Laboratory, and Hewlett-Packard Enterprise announced at the International Supercomputing Conference in Hamburg that the Aurora supercomputer achieved exascale performance of 1.012 exaflops, making it the second machine to achieve exascale status after the Frontier supercomputer at Oak Ridge National Lab.
Full articleSummary: Boeing's Starliner mission carrying astronauts into space has been delayed until at least May 21 due to a helium leak in the spacecraft's propulsion system.
Full articleSummary: Alphabet (NASDAQ:GOOGL) impressed investors with its strong Q1 performance, surpassing expectations on both top and bottom lines, and demonstrating robust growth across its key segments like Google Search, YouTube ads, and Cloud business.
Full articleSummary: Coca-Cola launches Coca-Cola Lens, a platform providing actionable insights to partners using proprietary tools, data, and external sources. It will offer 16 thought leadership stories at launch.
Full articleSummary: Analyst James Thalacker from BMO Capital reiterated a Buy rating on CMS Energy (CMS – Research Report) and increased the price target to $71.00 from $68.00. Thalacker's confidence is based on CMS Energy's above-peer growth outlook, effective management strategies, proactive approach to enhancing customer affordability, improving service reliability, and maintaining cost control. The company's focus on investment in infrastructure, resilience, and decarbonization, along with reduction in operating costs and load growth, positions CMS Energy well for enhanced earnings growth.
Full articleSummary: Tomer Zilberman from Bank of America Securities reiterated a Buy rating on Gen Digital (GEN – Research Report) with an average price target of $25.00.
Full articleSummary: Elon Musk's AI startup xAI is in talks with Oracle for a $10 billion cloud-computing deal. Oracle stock jumped more than 3% on the news.
Full articleSummary: Microsoft released fixes for 59 CVE-numbered vulnerabilities for May 2024 Patch Tuesday, including two zero-days being actively exploited by attackers. Some vulnerabilities allow for privilege escalation and code execution, while others bypass OLE mitigations and Windows MotW controls.
Full articleSummary: NextEra Energy (NEE) is a key electricity provider in North America, using wind, solar, nuclear, and natural gas for generation. Despite underperforming in the past year, NEE has shown a strong surge in 2024, driven by factors like consumer growth in Florida and investments in renewable energy. Analysts expect NEE's EPS to rise 7.3% year over year.
Full articleSummary: Alphabet, Google's parent company, showcased advancements in artificial intelligence at its annual developer event, including the introduction of new AI models such as Flash and Project Astra, improvements to its search engine, and video generation capabilities. Alphabet's shares were up 1% at $172.59 following the announcements.
Full articleSummary: Coca-Cola United is moving closer to building a new $338 million campus that will be highly visible from Interstate 20/59 east of downtown Birmingham, marking one of the largest corporate investments in the city and creating new jobs. City of Birmingham approved incentives for the project.
Full articleSummary: Lawmaker accuses Amgen of prioritizing profits over patients by marketing a high dose of a pricey cancer treatment instead of a lower, less expensive and less toxic dose.
Full articleSummary: Citigroup initiated coverage on shares of Western Digital with a 'buy' rating and a $90.00 price target, indicating a potential upside of 22.38% from the stock's current price. Western Digital stock traded up 3.6% on Tuesday.
Full articleSummary: Charles Schwab Investment Management Inc. increased its position in RBC Bearings Incorporated by 2.1% during the fourth quarter, with total shares worth $80,829,000. Other large investors have also added to their stakes in RBC Bearings recently, contributing to a positive sentiment surrounding the stock. Insider transactions include COO Daniel A. Bergeron selling 15,000 shares of the firm's stock.
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