Summary: Colgate-Palmolive (NYSE:CL) reported first quarter earnings that Beat analysts' expectations on revenue and revenue that topped forecasts. Procter&Gamble and Coca-Cola also reported earnings that Beat expectations for the quarter.
Full articleSummary: Costco Wholesale Co. (NASDAQ:COST) has received a 'Moderate Buy' consensus rating from 24 ratings firms with an average 1-year price target of $694.48. Recent research reports include 'outperform', 'neutral', and 'accumulate' ratings. The company disclosed an increase in its quarterly dividend and recent insider buying and selling activities. Various institutional investors have also adjusted their holdings in the business.
Full articleSummary: Apple released iOS 17.5 with updates including cross-platform tracking detection, offline support for Apple News, and improved third-party app support in EU.
Full articleSummary: Adobe CEO, Shantanu Narayen discusses the company's history, evolution, and future plans in a wide-ranging interview. They talk about Adobe's position at the center of creative industries, its transition to subscription software, and the integration of generative AI into their products. They also touch on the challenges of AI in creative tools, the importance of digital experiences, and the impact of technology shifts on Adobe's business model.
Full articleSummary: GameStop became the most-referenced stock on Reddit's WallStreetBets page, surpassing SPDR S&P 500 ETF Trust and Nvidia, after the return of 'Roaring Kitty' boosted discussions about the company. GameStop shares soared 73.7% on Monday.
Full articleSummary: MetLife Inc sued U.S. regulators over being subjected to tougher oversight, challenging the FSOC's decision to label it 'systemically important'. The lawsuit could impact other large financial firms like BlackRock Inc and Fidelity Investments. MetLife's shares closed down 1.2 percent following the news.
Full articleSummary: Shares of Zomato fell for the second straight day despite maintaining bullish calls from brokerages and strong growth expectations. Analysts anticipate Zomato's path to profitability to be quicker than expected with improving contribution margins.
Full articleSummary: Anthropic, the artificial intelligence startup backed by Amazon, is launching its generative AI assistant Claude in Europe, offering paid subscription-based versions including Claude Pro and Claude Team plans. The company emphasizes accuracy, security, and privacy in its design.
Full articleSummary: Ieq Capital LLC lessened its holdings in PepsiCo, Inc. by 5.3% in the fourth quarter, with multiple other hedge funds also adjusting their positions. Insider activity included the CEO selling a substantial amount of shares. PepsiCo reported positive earnings, beating analyst estimates and showing growth in quarterly revenue. The company also increased its dividend, leading to a higher dividend yield. Wall Street analysts have mixed ratings for PepsiCo, with some upgrading to 'overweight' and others downgrading to 'hold'.
Full articleSummary: CVS Health (CVS) stock closed higher than the S&P 500, with analysts expecting a decline in year-over-year earnings but growth in revenue. Positive estimate revisions and a Zacks Rank of #3 (Hold) suggest analyst optimism about the company's future performance. CVS is currently trading at a discount compared to the industry average Forward P/E ratio.
Full articleSummary: Lowe’s Companies, Inc. has received an average recommendation of 'Hold' from analysts. The stock has been rated by twenty-six analysts, with fourteen suggesting 'Hold' and twelve recommending 'Buy'. The average 12-month price target is $253.59.
Full articleSummary: JPMorgan Chase announces £40 million in new investments over five years to help connect young people and underserved communities to economic opportunities in the U.K., particularly focusing on improving access to job opportunities and helping families build stronger financial futures. The firm will also partner with the U.K. Government, British Business Bank, and other industry leaders to strengthen the small business ecosystem.
Full articleSummary: U.S. Bank has invested $28 billion in its customers, employees, and communities nationally, focusing on creating economic opportunities for small businesses, aspiring homeowners, community development initiatives, and philanthropy for underserved communities.
Full articleSummary: Home Depot is expected to report quarterly earnings, Paysafe Limited posted better-than-expected results, TeraWulf Inc reported downbeat results for the first quarter
Full articleSummary: Michael Williams has been appointed as the Business Development Executive at IBM, bringing three decades of experience from previous roles at AT&T and GSA.
Full articleSummary: Cisco has introduced a new virtual appliance for its AppDynamics On-Premises application observability offering, employing AI for anomaly detection, root cause analysis, application security, and SAP monitoring. The innovations include AI-powered detection and remediation, application security enhancements, and ensuring resiliency in SAP landscapes. Cisco also offers a new licensing model, AppDynamics Flex, providing options for self-hosted and SaaS observability solutions.
Full articleSummary: Chelsea is expected to target several positions in the upcoming transfer window including forward, left back, center back, and goalkeeper. The club's sporting directors are set to remain unchanged, but Mauricio Pochettino's future as head coach is uncertain. Potential signings and the retention of current players are being discussed.
Full articleSummary: Shares of Colgate-Palmolive (India) Ltd. traded 0.53% up following market gains, showing a 52-week high of Rs 2961.15 and a low of Rs 1567.65. Company's P/E ratio is 60.33 and price-to-book value is 23.88. Promoters hold 51.0%, FIIs own 24.51%, and DIIs 5.81%.
Full articleSummary: Intel Corporation appointed Kevin O’Buckley as senior vice president and general manager of Foundry Services, succeeding Stuart Pann who will retire after 35 years of service. O’Buckley will lead the growth of Intel's foundry business and enhance its ecosystem.
Full articleSummary: Institutional investors hold a majority stake in Bank of America with 58% ownership, which can heavily influence the company's share price. Insiders have recently sold shares. Public and other institutional ownership percentages provide insights into the power dynamics within the company.
Full articleSummary: General Electric's shares have rallied 36.4% YTD, driven by strength across Aerospace, recovery in GE Vernova, and shareholder-friendly policies. The company expects double-digit revenue growth, increased earnings, and higher profits for 2023.
Full articleSummary: UniSuper, an Australian superannuation fund manager, faced service disruption and data loss on Google Cloud due to internal errors, lacking disaster recovery recourse. The incident resulted in the deletion of UniSuper's entire infrastructure subscription stored across two Google Cloud regions.
Full articleSummary: Cisco is scheduled to report their fiscal Q3 ’24 financial results after the market closes. Consensus expects $0.82 EPS on $12.5B revenue with yoy declines. Cisco has faced inventory issues, revenue declines, and subpar valuation metrics. The acquisition of Splunk might affect Cisco's growth prospects.
Full articleSummary: Caitlin Clark is set to sign an endorsement deal with Nike reportedly worth up to $28 million over eight years, joining the ranks of Nike signature athletes. She will receive a signature shoe, and her footwear choices are being closely tracked, including sneakers from Kobe Bryant's line.
Full articleSummary: Swiss Bank UBS states that European stocks, excluding the U.K., now outrank U.S. stocks according to their regional scorecard, citing factors such as economic data, interest rates, and earnings as key indicators.
Full articleSummary: NVIDIA and Exxact collaborate to revolutionize Media & Entertainment production with OpenUSD and NVIDIA Omniverse Enterprise, empowering creators to build high-fidelity 3D scenes and collaborate seamlessly in real-time virtual environments, transcending traditional barriers in content creation.
Full articleSummary: Intel's Aurora supercomputer at Argonne National Laboratory surpasses the exascale barrier, achieving world's best performance for AI at 10.61 AI exaflops. Despite ranking second overall in LINPACK behind AMD's Frontier system, Intel's Aurora excelled in Linpack-mixed benchmark.
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