Summary: Red Sea Global (RSG) has adopted Oracle's cloud-based hospitality solutions, marking the first time Oracle's OPERA Cloud Central Hospitality platform will be available in Saudi Arabia. The move addresses previous barriers related to data residency rules and aims to provide exceptional guest experiences by consolidating data and functions into a single user interface.
Full articleSummary: Intel Corp. has named Kevin O’Buckley as senior vice president and general manager of Foundry Services, overseeing customer service and ecosystem operations for Intel Foundry. O’Buckley brings over 25 years of experience in the semiconductor industry to his new role.
Full articleSummary: Cisco Systems, Inc. is expected to report lower earnings and revenue for its third-quarter but maintains a strong history of beating estimates. The company is focusing on innovation, AI, and organizational security for future growth opportunities. It recently acquired Isovalent, Inc. to enhance its cloud-native networking and security capabilities. Despite the short-term outlook, analysts expect solid revenue and EPS growth for fiscal 2025.
Full articleSummary: Elon Musk openly criticized Meta (formerly Facebook) for being excessively greedy and accused it of being overly aggressive in claiming credit. Musk's followers raised concerns about attribution of conversions in advertising campaigns on X (formerly Twitter) and Meta, noting discrepancies in reported conversions.
Full articleSummary: NVIDIA has launched the CUDA-Q™ platform at national supercomputing centers worldwide to integrate quantum processing units (QPUs) into their supercomputing systems. The collaborations will drive research into quantum applications such as AI, energy, and biology.
Full articleSummary: American Tower Co. (NYSE:AMT) received an average rating of 'Moderate Buy' from eleven brokerages. There were 2 hold recommendations, 8 buy recommendations, and 1 strong buy recommendation. The average 1-year target price is $221.91. Various brokerages have different ratings on the stock.
Full articleSummary: PepsiCo CEO sold 5,620 shares at an average price of $178.00, leading to a total transaction of $1,000,360.00. The company recently announced an increase in its quarterly dividend. Analysts have set a consensus rating of 'Moderate Buy' with a price target of $187.42.
Full articleSummary: Thermo Fisher Scientific (TMO) has seen significant growth in its stock price over the past decade, with a 1,157.94% gain from October 2011 to October 2021. The company's performance has been driven by strong fundamentals in life sciences, economic activity, and pandemic response, leading to better-than-expected numbers and optimistic future outlook.
Full articleSummary: Truist Financial Corp reduced its holdings in BlackRock Science and Technology Term Trust by 20.3% during the fourth quarter, while other hedge funds and institutional investors have been adding positions. BlackRock Science and Technology Term Trust announced an increased monthly dividend.
Full articleSummary: GameStop (GME) stock surges over 70% in a day, short sellers lose $1 billion, analysts cautious about the surge and maintaining underperform rating, reminiscent of the 2021 scenario.
Full articleSummary: Coca-Cola reported strong second-quarter results with improved operating performance and market share gains against Pepsi. The company is experiencing growth in emerging markets like China and India and is streamlining its portfolio by eliminating underperforming products. Coca-Cola is focusing on efficiency and capital returns for shareholders through dividends and share repurchases.
Full articleSummary: Wall Street started the week off lackluster with major indexes holding near midday marks. Dow ended eight-day win streak, S&P 500 slightly down, Nasdaq modest gain. VIX logged first win in nine sessions. NY Fed survey showed increase in consumer price expectations; cocoa prices saw biggest single-day decline since 1980.
Full articleSummary: Danaher Co. CFO sold 46,377 shares of stock with total value of $11,735,699.85. Company's dividend payout ratio is 18.31%. Stock has received positive ratings from analysts.
Full articleSummary: Salesforce CEO Marc Benioff sold 15,000 shares multiple times in May, with the latest transaction valuing $4,148,850.00. Wall Street analysts have a positive outlook on CRM with buy ratings and price targets ranging from $280 to $355. Institutional investors such as Norges Bank and Capital International Investors have significantly increased their stakes in the company.
Full articleSummary: Three companies - Micron Technology, Vertiv Holdings, and Taiwan Semiconductor Manufacturing - are poised to benefit from the AI boom due to their partnerships with Nvidia. Micron's new memory solution, Vertiv's critical role in data center equipment, and Taiwan Semi's chip manufacturing expertise make them attractive investment opportunities.
Full articleSummary: Oracle plans to launch Oracle Code Assist, an AI code companion to help developers boost velocity and enhance code consistency by providing context-specific suggestions tailored to an organization’s best practices and codebases. Powered by large language models on Oracle Cloud Infrastructure, it will support Java, SQL, and application development on OCI, with features like code generation, annotation, explainability, faster code reviews, and test coverage generation.
Full articleSummary: Honeywell has unveiled a new NEP process that enhances efficiency in light olefin production, decreases CO2 emissions, and boosts cash margins by 15 to 50%.
Full articleSummary: Intel is reportedly in advanced discussions with Apollo Global Management for $11 billion funding for a chip manufacturing plant in Ireland, aiming to diversify its manufacturing operations and compete with rivals Nvidia and TSMC. Intel is making significant investments in chip production in the US and Europe to reduce reliance on Asian facilities.
Full articleSummary: Ford and Red Bull Racing teamed up to develop a Formula 1 power unit for 2026, with Ford contributing initially to the hybrid part and later expanding into other areas. Red Bull faces challenges catching up with more experienced rivals but remains confident in hitting their set targets for the new power unit.
Full articleSummary: International Assets Investment Management LLC acquired a new position in shares of Gilead Sciences, Inc. in the 4th quarter. Several other large investors have also bought shares of GILD. Wall Street analysts have varying ratings on the company with an average 'Hold' rating and consensus price target of $83.69. Gilead Sciences reported better-than-expected quarterly earnings and a dividend announcement.
Full articleSummary: International Assets Investment Management LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust, totaling 10,725 shares valued at approximately $1,610,000. Other institutional investors and hedge funds have also increased their stakes in the company, including Cyndeo Wealth Partners LLC and LPL Financial LLC.
Full articleSummary: Oakley Capital Investments Limited has announced the acquisition of vitroconnect, a broadband platform business in Germany, which marks the first investment made by Origin II. The investment is anticipated to be up to £19 million, with vitroconnect having a strong position in Germany's broadband market.
Full articleSummary: Costco Wholesale Corporation is opening a new 157,000-square-foot warehouse store in North Port on June 5, adding to the retail options and job market in the region. The store will contribute around 250 jobs, attract shoppers from nearby counties, and boost economic growth in North Port.
Full articleSummary: ERM, Salesforce, NatureMetrics, and Planet have formed a global alliance called NatureTech Alliance at the World Economic Forum Annual Meeting at Davos to accelerate and scale assessment, management, and disclosure of biodiversity impacts and dependencies on nature for businesses.
Full articleSummary: JPMorgan Chase announced a £40 million investment to drive sustainable economic growth in the United Kingdom over five years, aiming to improve job opportunities and help families build stronger financial futures. The firm's commitment includes support for non-profit organizations, entry-level positions, financial management tools, and innovative solutions for vulnerable customers.
Full articleSummary: Cytokinetics reveals positive results from phase 3 trial of aficamten for hypertrophic cardiomyopathy, showing significant improvement in peak oxygen uptake and other secondary endpoints. The data presented at ESC conference and NEJM publication position aficamten as a potential competitor to Bristol-Myers Squibb's Camzyos.
Full articleSummary: Colgate-Palmolive has a strong history of surpassing earnings estimates and has been experiencing positive movement in recent estimates. The company's Earnings ESP is currently at +0.20%, indicating bullish sentiment on its near-term earnings potential.
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