Summary: Nike wins $25,000 in attorney's fees in trademark infringement case involving the word 'ballin' against graphic designer Landon Jones. Judge found Jones' case weak and excessive in demanding $570,000 in fees. Case stemmed from Jones' unsolicited pitch to Nike in 2019 for ballin concept, later licensed to a friend who sold apparel. Nike launched 'BALL IN' campaign for March Madness in 2022.
Full articleSummary: Microsoft announces a $3.3 billion commitment to build an artificial intelligence (AI) data center in Wisconsin, creating 2,000 jobs and including training programs for over 100,000 people on AI utilization.
Full articleSummary: Pfizer Inc. has received approval for its bivalent RSV prefusion F vaccine targeting RSV A and RSV B diseases in Hong Kong and Macau, with availability expected in June and August 2024 respectively.
Full articleSummary: The news discusses the long-term investment strategy advocated by Warren Buffett, using PepsiCo Inc (PEP) as an example. It highlights the 5-year return details for PEP stock starting from 05/14/2019, showing a total return of 63.46% and an average annual return of 10.32%. It emphasizes the importance of dividend reinvestment for long-term growth.
Full articleSummary: The Coca-Cola Company has transitioned to 100% recycled plastic for its 500ml bottles in Canada, expecting to save 7.6 million pounds of plastic in 2024 and cut nearly 7,000 tonnes of CO₂ emissions annually. This initiative aligns with the company's global sustainability goals.
Full articleSummary: The Coca-Cola Company has completed the transition to 100% recycled plastic for all 500ml bottles in its sparkling beverage portfolio in Canada, excluding caps and labels. The new bottles are manufactured by Coke Canada Bottling, expecting to save 7.6 million pounds of new plastic in 2024 and cut nearly 7,000 tonnes of carbon dioxide annually. This initiative aligns with the company's global World Without Waste goals.
Full articleSummary: Starbucks Corp. stock has declined by 28% in the past year to $76 a share with no sign of recovery. The company is facing challenges related to management disputes, union problems, and store count saturation in the U.S.
Full articleSummary: Apple unveiled the new 2024 iPad Pro with the powerful M4 chip, setting a high standard for future devices. The iPad Pro impresses with features like stunning OLED display, exceptional battery life, and high performance benchmarks, making it a top choice for professional digital artists and Apple enthusiasts.
Full articleSummary: Lockheed Martin has been awarded a $451-million contract by the US Army to upgrade its M270 Multiple Launch Rocket System with new engines, improved armor cabs, and the Common Fire Control System, making it more effective and interoperable with NATO forces. The upgrade will be performed for both domestic and international launchers.
Full articleSummary: The Home Depot reaffirmed its fiscal 2024 guidance with 53 weeks of operating results, including 1.0% earnings per share and total sales growth. Net earnings for the first quarter were $3.6 billion or $3.63 per share, lower than the same period in fiscal 2023. Comparable sales declined about 1.0% for the 52-week period.
Full articleSummary: The Home Depot, Inc. (HD) will host a conference call at 9:00 AM ET on May 14, 2024, to discuss Q1 24 earnings results.
Full articleSummary: Costco Wholesale Corporation has a high P/E ratio of 50.6x, which is well above the average market P/E ratio of 17x. Despite this, the company has shown positive earnings growth and is expected to continue performing well according to analysts. Investors seem to be paying a premium for the stock, possibly setting themselves up for disappointment if growth does not exceed market expectations.
Full articleSummary: PayPal was upgraded by StockNews.com analysts from a 'hold' rating to a 'buy' rating. Several other equities research analysts have also recently issued reports on the stock with mixed ratings including 'equal weight', 'neutral', 'buy', and 'hold'. PayPal's stock had a trading volume of 7,304,246 shares on Monday, reaching $63.95. PayPal last issued their quarterly earnings results on April 30th, reporting $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14).
Full articleSummary: The Nike Air Jordan 11 Retro Low “Space Jam” has been a popular shoe release with a storied history tied to the iconic movie Space Jam. The various iterations and releases of the shoe have generated significant cultural and financial success for Nike. The 2024 version continues the legacy with classic design elements.
Full articleSummary: Exxon Mobil is facing backlash from shareholder groups urging the company to reduce greenhouse gas emissions, leading to lawsuits and calls to vote against the CEO. Proxy advisory firm Glass Lewis & Co. has advised voting against key board members due to the company's aggressive tactics. Exxon Mobil's legal actions against activist investors have raised concerns about suppressing shareholder voices.
Full articleSummary: Benjamin F. Edwards & Company Inc. increased its holdings in Coca-Cola Europacific Partners PLC by 220.0%, while other hedge funds also adjusted their positions. Coca-Cola Europacific Partners stock is up by 0.9%. The company recently cut its dividend.
Full articleSummary: BNY Mellon High Yield Strategies Fund stock price passed above its fifty day moving average, traded at $2.37 with a volume of 361,808 shares. Company declared a $0.0175 per share monthly dividend, representing an annualized dividend of $0.21 and a yield of 8.86%. Large investors have made changes to their positions in the stock.
Full articleSummary: Novo Nordisk's obesity drug Wegovy shows promising results in reducing the risk of heart attacks and strokes, leading to potential increase in prescriptions. Pfizer halts testing of its combination treatment for skin cancer due to high discontinuation rates. Merck sues SoClean over ozone-related injuries in breathing devices, following a settlement in the Philips' CPAP lawsuit.
Full articleSummary: Major companies including Amazon, Microsoft, Pfizer, AstraZeneca, GSK, and Accenture have announced significant foreign investments in France totaling over $16.2 billion, creating jobs and focusing on AI and healthcare sectors.
Full articleSummary: Lowe's Companies, Inc. (NYSE: LOW) announced the schedule for its First Quarter 2024 Earnings Conference Call to be held on May 21, 2024, at 9 a.m. Eastern time.
Full articleSummary: Dow Jones slipped as traders grappled with rising inflation expectations, survey showed consumers raised their inflation expectations, GameStop stock soared 74% after 'Roaring Kitty' posted online for the first time in three years
Full articleSummary: Boeing Co. is expanding worker training and adding new tools to address breakdowns in its manufacturing processes.
Full articleSummary: McDonald's is considering adding a $5 meal option to menus nationwide in response to customer backlash over high prices. The fast-food chain has faced criticism for drastically increasing prices, leading to customers seeking more affordable options. The $5 meal option is still in speculation phase.
Full articleSummary: Cisco and Splunk are collaborating to enhance security operations for customers, integrating AI-native security features and continuous identity security. This partnership aims to offer improved protection against known and unknown attacks, as well as automate workflows for security analysts.
Full articleSummary: IBM has released its Granite code models on GitHub under the Apache 2.0 license, shaking up the generative AI scene for software by providing top-notch code LLMs for free. These models are trained on 3 to 4 terabytes of code data and can assist with a variety of programming tasks.
Full articleSummary: Lockheed Martin's Skunk Works unveils a new rendering of a stealthy aerial refueling tanker in response to the Air Force's crucial need for more survivable tankers by 2040. The tanker concept aims to address challenges in high-threat environments and evolving refueling strategies.
Full articleSummary: Home Depot reported first quarter EPS of $3.63, beating analysts' estimates, but revenue came in slightly lower than expected. The stock price closed at $340.99, showing mixed performance over the last 3 and 12 months. Home Depot's Financial Health score is rated as 'good performance.'
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