Summary: Cisco Systems (CSCO) is expected to report a year-over-year decline in earnings and revenue for the third quarter. The company's recent developments highlight a focus on innovation and customer-centricity, while its solid financials and attractive dividend make it an appealing investment option.
Full articleSummary: JPMorgan Chase's short percent of float has decreased by 9.21% since the last report, indicating a lower level of bearish sentiment in the market. The company's short interest is 0.69% of all regular shares available for trading, suggesting traders would take 1.84 days on average to cover their short positions.
Full articleSummary: GALAX and ZOTAC have introduced new custom designs for the GeForce RTX 4060 Ti and RTX 4060 GPUs in China, aiming to attract more gamers with their dual and triple-fan designs.
Full articleSummary: Kite, a Gilead Company (Nasdaq: GILD), announced multiple abstracts presenting data on CAR T-cell therapy at the 2024 European Hematology Association Annual Congress. The presentations include insights on real-world outcomes and manufacturing experiences of Yescarta and Tecartus for large B-cell lymphoma, as well as design details for the Phase 3 iMMagine-3 trial in multiple myeloma.
Full articleSummary: UnitedHealth Group (UHG) faces scrutiny over its response to a cyberattack on its subsidiary Change Healthcare, with concerns over compromised patient data and lack of cybersecurity measures. The breach led to disruptions in patient care and provider operations, with ransom payments and threats from hacker groups further complicating the situation.
Full articleSummary: Comcast is introducing a streaming bundle for its cable, broadband, and mobile subscribers including Peacock, Netflix, and Apple TV+ at a discounted rate.
Full articleSummary: National Legal and Policy Center presented a proposal at ConocoPhillips Company's annual meeting urging the company to reconsider executive pay incentives tied to greenhouse gas emissions reductions. The board opposed the proposal, citing potential risks to shareholder value and the company's core competencies in oil and gas production.
Full articleSummary: Google I/O 2024 event includes announcements about Android 15, Gemini AI integrations, Wear OS 5, and the launch of Pixel 8a. Also, possible teaser for Pixel 9 Pro Fold.
Full articleSummary: Colgate Palmolive (India) reported a 20% rise in fourth-quarter profit, driven by price hikes and higher demand for personal care products, particularly toothpastes. The company also experienced growth in sales and marketing expenses due to new product launches and advertising campaigns.
Full articleSummary: Colgate Palmolive (India) reported a 20% rise in fourth-quarter profit due to price hikes and higher demand for personal care products like toothpastes. The company also experienced growth in rural markets and increased marketing expenses.
Full articleSummary: Chevron Co. Director sold shares, reported positive earnings, announced dividend, and received various analyst ratings. Hedge funds have also shown interest in the company.
Full articleSummary: M&T Bank Corp lessened its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 2.7% during the fourth quarter. Coca-Cola FEMSA reported higher than expected earnings and raised dividend payout. Wall Street analysts have a positive outlook on the stock.
Full articleSummary: Advantage Trust Co acquired a new stake in JPMorgan Chase & Co., Several other hedge funds also made changes in their positions in the company. JPMorgan Chase & Co. stock down 0.0%.
Full articleSummary: Eli Lilly & Co. can immediately appeal a ruling that conditionally certified a nationwide class in a bias lawsuit alleging age discrimination favoring Millennial workers over employees 40 and older.
Full articleSummary: Intel made an important hire for its manufacturing unit, pushing its stock more than 2% higher. The new hire, Kevin O'Buckley, is a veteran in the semiconductor industry and will focus on Intel's chip-making and AI efforts.
Full articleSummary: U.S. auto safety regulators are investigating Alphabet's Waymo self-driving vehicles for exhibiting driving behavior that potentially violated traffic safety laws, following 22 incidents including collisions. NHTSA will evaluate Waymo's performance in detecting and responding to traffic control devices and avoiding collisions, similar to probes into other self-driving vehicles.
Full articleSummary: Royalty Pharma (RPRX), Amgen Inc (AMGN), and Arbor Realty Trust Inc (ABR) will trade ex-dividend for their upcoming dividends on 5/16/24. RPRX dividend works out to approximately 0.74% of its stock price, AMGN will open 0.73% lower, and ABR 3.15% lower. Investors should note the historical dividends prior to the most recent ones declared for stability analysis.
Full articleSummary: Microsoft has partnered with Cognizant to make its generative AI solutions available to 1 million users within Cognizant's client base. Cognizant is investing $1 billion in generative AI over the next three years, including training 35,000 professionals and launching Advanced AI Labs.
Full articleSummary: Caterpillar Inc. experienced a significant decline in short interest in April. Several analysts have provided ratings ranging from hold to buy for the stock. Caterpillar also posted better-than-expected earnings results for the quarter and announced a quarterly dividend.
Full articleSummary: Booking Holdings, the parent company of Booking.com, has been classified as an online gatekeeper by the European Union (EU) and is required to comply with the Digital Markets Act (DMA). This classification gives Booking Holdings six months to ensure compliance with the DMA's obligations to enhance choice and freedom for end users.
Full articleSummary: Comcast Corp. plans to offer customers a streaming bundle with Apple TV+, Netflix, and Peacock to reduce subscriber churn and offset losses in subscribers to streaming services.
Full articleSummary: Home Depot's sales continued to soften in the first quarter of 2024 due to high mortgage rates, inflation concerns, and a delayed start to spring.
Full articleSummary: NVIDIA announced the integration of open-source NVIDIA CUDA-Q™ platform with quantum processing units (QPUs) at supercomputing sites in Germany, Japan, and Poland to accelerate quantum computing efforts. The collaboration aims to enable quantum applications in AI, chemistry, and optimization problems by combining quantum with GPU supercomputing.
Full articleSummary: Hilton Worldwide Holdings Inc (HLT), Starbucks Corp. (SBUX), and Wingstop Inc (WING) will all trade ex-dividend for their respective upcoming dividends. Hilton will pay $0.15 on 6/28/24, Starbucks will pay $0.57 on 5/31/24, and Wingstop will pay $0.22 on 6/7/24. Investors should expect HLT to open 0.07% lower, SBUX to open 0.75% lower, and WING to open 0.06% lower on 5/16/24. Starbucks Corp. is also a 'future dividend aristocrats contender' with 14+ years of increases.
Full articleSummary: RTX Corp (Symbol: RTX), BWX Technologies inc (Symbol: BWXT), and ArcelorMittal SA (Symbol: MT) will trade ex-dividend on 5/16/24, with RTX paying $0.63, BWXT paying $0.24, and MT paying $0.25 dividend. RTX is expected to open 0.60% lower, BWXT 0.27% lower, and MT 0.97% lower when trading opens on 5/16/24.
Full articleSummary: Intel's Foundry could be its biggest growth opportunity, but it will take time before investors reap the benefits.
Full articleSummary: Ford Motor filed 13 patents in 3D printing during Q1 2024, focusing on structural assembly, headrest assembly, permanent magnets, and seat assembly. A recent patent filed by Ford Motor describes an additively manufactured part with fastener supports.
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