Summary: Alphabet Inc.'s (NASDAQ:GOOGL) shares gapped down prior to trading on Monday. Analysts set new price targets with a mix of 'buy', 'hold', and 'outperform' ratings. The stock posted a 0.3% increase and a dividend announcement. Insider buying and selling activities were noted. Hedge funds have also shown interest in the company.
Full articleSummary: UBS owns 3,600 shares of BlackRock's iShares Bitcoin Trust (IBIT) and allows some clients to trade Bitcoin ETFs
Full articleSummary: Deere & Company (NYSE:DE) is about to report its Q2 earnings with low expectations, as the company faces challenges due to weak outlook, declining net income and softened guidance. The agricultural equipment market leader is expected to underperform in Q2 amidst a tough industry environment.
Full articleSummary: Tesla is reportedly asking some executives and team members from the 500-person Supercharger team, previously laid off, to return to the company. Elon Musk mentioned that Tesla still plans to grow the Supercharger network, albeit at a slower pace.
Full articleSummary: Intel is in advanced talks with Apollo Global Management for a deal providing over $11bn for a chip manufacturing plant in Ireland, as part of Intel CEO's effort to diversify operations outside Asia and restore technological leadership. Other asset managers like KKR and Stonepeak also considered funding. Intel has already invested in plants globally, and this potential partnership follows Brookfield's previous $15bn investment in Intel's Arizona expansion.
Full articleSummary: Medtronic has applied artificial intelligence to all Reveal LINQ ICM devices in the United States, Australia, and New Zealand through a cloud-based update, resulting in a significant reduction in false alerts for atrial fibrillation and pause.
Full articleSummary: Microsoft is launching a new application called Places to help employees and organizations manage a balance between remote and in-office work. Places will offer features like location plans, suggestions for office days, team guidance, and a Places finder for booking desks and meeting rooms.
Full articleSummary: Concerns have been raised by US refiners about the broad crude quality specifications on the Trans Mountain Expansion pipeline in western Canada, potentially hindering buyers in California from accepting the crude. The specifications, in particular related to vapor pressure and Total Acid Number (TAN), are considered problematic by Chevron and Valero.
Full articleSummary: McDonald’s is aiming to attract price-cautious customers with a $5 meal deal, with the help of a national advertising strategy as suggested by analysts.
Full articleSummary: UBS owns 3,600 shares of BlackRock's iShares Bitcoin Trust and allows some clients to trade Bitcoin ETFs.
Full articleSummary: Bristol Myers Squibb's decision on an experimental blood cancer therapy has been deferred by the FDA due to coronavirus-related travel restrictions, impacting the approval timeline.
Full articleSummary: Chevron's $53 billion deal to acquire Hess Corp. faced opposition from leading shareholder adviser ISS due to concerns over valuation and arbitration timeline, causing Chevron's stock to decline by 1.5% and Hess by 0.5%. HBK Capital Management also plans to abstain from voting on the deal, expressing agreement with ISS.
Full articleSummary: OpenAI announced a new flagship chatbot called GPT-4o, capable of operating in 50 languages with improved speed and quality. There is potential for a deal between OpenAI and Apple to integrate ChatGPT in iPhones, which could impact the competitive environment.
Full articleSummary: Blackrock Silver Corp shares closed at $0.35 after trading between $0.34 and $0.35. The company has shown an 11.11% advance in the last 12 months and a 9.38% year-to-date increase. It has a market capitalization of $78.06 million and an annual EPS of $-0.03. Blackrock Silver Corp received an average recommendation of 'Moderate Buy'.
Full articleSummary: Exane BNP Paribas upgraded their outlook for Cisco Systems from Underperform to Neutral with an Analyst Price Forecast suggesting a 14.02% upside. These upgrades are supported by an increase in projected annual revenue and non-GAAP EPS. Additionally, Cisco Systems declared a $0.40 dividend and the company's dividend yield is 0.81 standard deviations above the historical average. There are positive sentiments from funds and institutions reporting positions in Cisco Systems, with an increase in the average portfolio weight and a decrease in total shares owned by institutions in the last quarter.
Full articleSummary: Senate Majority Leader Chuck Schumer has raised concerns about Chevron's proposed $53 billion purchase of Hess, urging the Federal Trade Commission to intervene.
Full articleSummary: New York City Mayor Eric Adams has decided to test Evolv's gun detectors on the subway after being impressed by Disney's use of the technology in their theme parks. Evolv's pitch did not include the subway as a possible use case, and the machines previously tested in a Bronx hospital and outside City Hall reported high rates of false positives.
Full articleSummary: Wells Fargo has made investments in Bitcoin exchange-traded funds (ETFs) like Grayscale's GBTC and ProShares' BITO, as per a regulatory filing with the SEC. The bank also has small holdings in Bitcoin Depot Inc., a Bitcoin ATM provider. This move comes after offering Bitcoin ETF investments to wealth management clients and conducting a pilot program on digital currency.
Full articleSummary: Tesla's Gigafactory Texas Director of Manufacturing Engineering Renjie Zhu announced his departure after working with the company for five years, overseeing the launch and production ramp of the Cybertruck.
Full articleSummary: Nvidia is evaluating designs for its upcoming GeForce RTX 50 series GPUs based on the advanced Blackwell architecture, with power configurations up to 600W and featuring cutting-edge GDDR7 memory.
Full articleSummary: ExxonMobil is providing unique CO2 pipeline emergency response training for first responders, aiming to enhance safety in communities where they operate.
Full articleSummary: Terran Orbital Corporation has been selected by Lockheed Martin to produce 18 satellite buses for the Space Development Agency's Tranche 2 Tracking Layer contract, showcasing their commitment to innovation and expertise in satellite-based solutions for the aerospace and defense industries.
Full articleSummary: Terran Orbital is producing 18 satellite buses for Lockheed Martin's Space Development Agency tranche 2 tracking layer contract, aiming to enhance global missile threat tracking abilities.
Full articleSummary: Zacks Research cut their Q3 2024 EPS estimates for Gilead Sciences, Inc., analysts lowered the quarterly and full-year earnings estimates for the biopharmaceutical company. An average rating of "Hold" with a consensus price target of $83.69 has been reported by different research analysts. Gilead Sciences' stock traded up 1.9% on NASDAQ.
Full articleSummary: Terran Orbital is producing 18 satellite buses for Lockheed Martin's Space Development Agency contract to accelerate missile threat tracking capabilities. The financial details of the agreement were not disclosed.
Full articleSummary: A National Labor Relations Board administrative judge ruled that courts, not the agency, must decide on Starbucks' challenge to its structure. Starbucks was found to have committed labor law violations at a New Orleans store. The ruling could potentially impact other companies like SpaceX, Amazon, and Trader Joe's.
Full articleSummary: SGN is leading a project with various partners to develop digital twin technology in the UK's energy sector to transition to green alternatives and reach net zero carbon emissions by 2050. The project aims to optimize energy transfer between carriers and improve safety in the network.
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