Summary: S&P 500 was on track for a slight decline after giving back early gains, market in choppiness ahead of economic readings. OpenAI announced new GPT-4o model with enhanced capabilities. Dover Corp., an industrial equipment maker, added to watchlist known as the Bullpen.
Full articleSummary: Medtronic adds new AI capabilities to its Reveal LINQ ICM to reduce false alerts for abnormal heart rhythms, marking a significant advancement in patient monitoring technology.
Full articleSummary: BMO Equal Weight US Bank ETF closed trading lower today, with shares easing by -0.43%. The ETF has a market capitalization of $0.00 on a float of 0 shares outstanding. The TSX Composite closed -0.30% at 22308.93, the S&P 500 closed 0.16% at 5222.68, the Dow Jones Industrial Average closed 0.32% at 39512.84, and the Nasdaq Composite closed -0.03% at 16340.87.
Full articleSummary: NTT DATA has been selected by Salesforce to help standardize and streamline the company’s application environment, supporting management and development of applications across Salesforce’s organization. NTT DATA also ranked 2nd worldwide in Application Implementation and Managed Services Providers by Market Share in 2022.
Full articleSummary: BlackRock appoints Will Thomson as managing director and portfolio manager in New Zealand for their climate infrastructure team. BlackRock has decided to launch a New Zealand-focused strategy and has opened an Auckland office.
Full articleSummary: Texas Instruments reported fourth-quarter earnings, beating revenue targets but suffering a massive one-time tax charge causing share prices to fall 9.4%. The company applauds the new tax laws, expecting a significant increase in annual earnings starting in 2019.
Full articleSummary: Intel's future CPU lineups such as Nova Lake and RTX mobile GPUs in Dell documents have been leaked, giving insights into the release dates from 2023 to 2027. Key highlights include Intel's Lunar Lake-MX series in Q4 2024, Arrow Lake-H in Q1 2025, Panther Lake-H in Q1 2026, and Nova Lake in 2027, along with Nvidia GPU upgrades.
Full articleSummary: Starbucks stock has been declining due to unexpected significant decline in traffic at Starbucks locations, resulting in a 20% drop in stock price, with most of the decline after a downbeat earnings report on April 30. Despite challenges, Morningstar believes Starbucks is undervalued and its long-term prospects remain positive.
Full articleSummary: PayPal Holdings Inc has invested 10 million euros in Tink, a Swedish company that enables banks and financial technology startups to access financial data more easily. Tink will use the funding to expand its team, build new products, and connect to more banks.
Full articleSummary: CoinGate, a blockchain payment processor, has added Shiba Inu as a payment method, integrating it with Polygon and Binance Smart Chain. SHIB's price experienced an uptick lately, reaching a market capitalization of nearly $14 billion.
Full articleSummary: Home Depot (HD) is expected to report subdued earnings with a 2% drop in revenue, offset partially by increased spending from pro customers. Analysts predict challenges in consumer demand, attributed to lower foot traffic, smaller ticket sizes, inflation, interest rates, and a slow housing market. The acquisition of SRS Distribution and focus on professional customers could boost Home Depot's sales growth.
Full articleSummary: Boeing has been a significant manufacturer of missiles and munitions delivered to Israel from 2021-2023, with Boeing's GBU-39 Small Diameter Bombs and JDAMs being the most delivered. There have been concerns and protests regarding Boeing's connections to Israel and its weapon deliveries.
Full articleSummary: Bank of America Corporation is a large financial institution providing a wide range of banking and financial services to various clients. The Corporation follows GAAP principles and makes estimates and assumptions that could impact reported amounts. Regulatory capital rules are followed in alignment with U.S. banking regulators.
Full articleSummary: A'ja Wilson of the WNBA's Las Vegas Aces is getting her own Nike signature shoe, with a collection set to be released globally on nike.com, SNKRS, and select retailers in 2025.
Full articleSummary: Intel is close to securing more than $11 billion from Apollo Global Management to build a new chip fabrication plant in Ireland as part of CEO Pat Gelsinger’s expansion plan.
Full articleSummary: Treasury Secretary Janet Yellen visited a completed Comcast rural broadband project, highlighting public-private partnership. Cable incumbents like Comcast face increasing competition from fiber providers due to government funding available through programs like ARPA and BEAD.
Full articleSummary: Salesforce.com (CRM) has been one of the most searched-for stocks on Zacks.com. Salesforce.com stock has performed negatively over the past month compared to the Zacks S&P 500 composite, in the context of its expected earnings and revenue growth forecasts being positive. The stock has a Zacks Rank #2 (Buy) with a favorable surprise history in terms of beating consensus estimates.
Full articleSummary: Costco has launched Kimbap in their stores, taking on Trader Joe's most popular fish item. Customers are flocking to Costco for this new product launch, which offers a unique Asian cuisine experience.
Full articleSummary: Biden administration could announce a quadrupling of tariffs on Chinese EVs as high as 102.5%. Economic data on Producer Price Index to be released with expected rise of 0.1%. Earnings to be released by Home Depot, Alibaba Group, and others.
Full articleSummary: JPMorgan Chase pushes back against ISS recommendations on severance payouts and separating CEO and chairman roles, citing the successful leadership of Jamie Dimon for more than 18 years. The bank plans to split the roles when Dimon eventually steps down.
Full articleSummary: JPMorgan Chase pushes back against ISS recommendations on severance payouts and CEO-chair separation. Proxy advisors recommend separating CEO and chairman roles at other banks. JPM to split roles when Jamie Dimon steps down.
Full articleSummary: Tesla is rehiring some of the recently laid-off employees from its Supercharger unit, as part of unwinding its downsizing efforts. The company is still aiming to expand its Supercharger network at a slower pace.
Full articleSummary: Apple's privacy reputation is being questioned due to its lucrative relationship with Google, including a $20 billion payment for default search engine placement in Safari. Apple's potential AI partnership with Google raises further concerns about privacy commitment. Apple's defense of the Google search deal is that there was no valid alternative. Regulators are scrutinizing Apple's privacy promises amidst its deep entanglement with Google.
Full articleSummary: Rory McIlroy wins his 26th PGA Tour career title at the Wells Fargo Championship, moving closer to top 20 all-time wins with his impressive performance at Quail Hollow Club.
Full articleSummary: SEI CIO Jim Smigiel anticipates April's CPI numbers to be slightly weaker, expecting a three handle on both headline and core, leading to a tight spot for the Fed if they aim for rate cuts in 2024. Smigiel is bearish on rates with a view for rates to be higher by the end of the year.
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 Terran Orbital's commitment to innovation in delivering advanced space vehicles for missile defense and tracking purposes.
Full articleSummary: Tennant Company is hosting an Investor Day with financial analysts and institutional investors to discuss its business, strategic direction, and growth outlook. The Company is a world leader in creating solutions for a cleaner, safer, and healthier world.
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