Summary: Alphabet shares traded 2.8% lower in early trading due to concerns about OpenAI's new product release, despite no evidence showing a threat to Google's market share. The market reaction presents a buying opportunity for Alphabet.
Full articleSummary: Microsoft has made its new connected workplace platform, Microsoft Places, available in public preview. The platform leverages AI to optimize workspaces, save time, and cut costs by using data from Outlook and Teams to plan where work should happen.
Full articleSummary: Tesla is rehiring Supercharger team after laying them off, plans to spend $500 million expanding network. Layoffs affected development of more powerful charger and stalled Supercharger sites. Other automakers gaining access to Tesla's network. CEO Elon Musk back-tracks on impetuous business decisions like this in the past.
Full articleSummary: Nike announced A’ja Wilson as the newest member of its “signature family,” where she will have a signature collection including a shoe set to release in 2025. Wilson worked closely with the design team to ensure the shoe reflects her game and style preferences.
Full articleSummary: Financial expert initiated coverage of Medtronic plc (NYSE:MDT) stock with a bullish rating, despite recent underperformance. Medtronic's diversified revenue streams and positive sales growth in various segments indicate resilience. Noteworthy innovations and strategic initiatives position the company for future growth. Undervaluation analysis suggests MDT is currently priced below its intrinsic value.
Full articleSummary: Home Depot Inc is expected to report first-quarter revenue of $36.68 billion with a year-over-year decline, and earnings per share of $3.60. Analysts are positive on Home Depot's future potential, noting potential share gains, despite macroeconomic challenges.
Full articleSummary: Ford Motor Company has hired Sherry House, former CFO of Lucid Motors, as its first female CFO, replacing John Lawler in early 2025. John Lawler will become vice chair while continuing as CFO until June this year. Sherry House will oversee financial planning and analysis for Ford's automotive businesses.
Full articleSummary: UniSuper, a major financial player, lost over 6,20,000 people's pension worth $125 billion due to accidental deletion of cloud account by Google's Cloud division.
Full articleSummary: Fool.com contributor Parkev Tatevosian warns investors against following Warren Buffett's action of selling Apple stock.
Full articleSummary: Boeing has granted supplier credit memos worth USD61 million to Alaska Air Group, in addition to a cash payment of USD162 million to compensate for losses due to B737-9 grounding. United Airlines also reached an agreement with Boeing over the MAX 9 crisis.
Full articleSummary: Nvidia (NVDA) has displayed strong performance in the Computer and Technology sector this year, outperforming both the sector and its industry peers. The company holds a Zacks Rank of #1 (Strong Buy) with increasing earnings estimates and positive analyst sentiment.
Full articleSummary: 1. Shiba Inu (SHIB) payments expand to Airbnb, Nike thanks to integration. 2. XRP price predicted to surge following CPI report. 3. Billionaire Mark Cuban suggests SEC follows Japan's approach to crypto regulation.
Full articleSummary: NVIDIA Corporation (NVDA) has been highlighted as an exceptional stock to consider adding to your portfolio, with a focus on its strong financial performance, including significant share price growth and optimistic earnings estimates.
Full articleSummary: Gold market is expected to see higher volatility as it remains vulnerable in the near term. Analyst anticipates gold prices to surpass last month's record highs eventually but breakout might not happen until Federal Reserve cuts rates. Market driven by uncertainty around Fed's monetary policy with focus on upcoming CPI report. Analyst remains bullish on gold through year-end.
Full articleSummary: Starbucks reported a 2% decline in revenue for the first three months of the year, leading to concerns about consumer spending trends.
Full articleSummary: German financial markets watchdog BaFin fined BlackRock Investment Management (UK) Ltd 744,000 euros for failure to file voting rights notifications in a timely way.
Full articleSummary: Charles Schwab Investment Management Inc. raised its stake in Cathay General Bancorp by 1.3% in the 4th quarter, according to its most recent filing with the SEC. Several other institutional investors have also modified their holdings of CATY. Equity research analysts have issued mixed reports on CATY shares, with a consensus rating of 'Hold' and an average target price of $39.00. Cathay General Bancorp recently reported quarterly earnings, missing the consensus estimate but had a net margin of 24.41% and a return on equity of 13.02%. The company also announced a quarterly dividend yielding 3.60%.
Full articleSummary: Charles Schwab Investment Management Inc. increased its holdings in J.B. Hunt Transport Services during the fourth quarter. Several other institutional investors also modified their holdings of JBHT. Wall Street analysts have recently given mixed ratings on J.B. Hunt Transport Services, with a consensus rating of 'Moderate Buy'. The company recently reported lower-than-expected quarterly earnings results.
Full articleSummary: IPA Technologies wins a court case against Microsoft for patent violation related to Cortana voice assistant, imposing a fine of $242 million.
Full articleSummary: Tile partners with satellite company Hubble Network to introduce 'Find with Life360,' a global location tracking network, for its upcoming Tile Pro and Tile Slim trackers.
Full articleSummary: Tile is partnering with the satellite company Hubble Network to introduce a global location tracking network called 'Find with Life360,' utilizing Hubble's satellites to provide extended connectivity for Tile trackers beyond cellular range. Tile is set to launch Tile Pro and Tile Slim compatible with the new network by the second half of 2024.
Full articleSummary: BlackRock and Private Equity Stakeholder Project protest BlackRock’s acquisition of Global Infrastructure Partners and GIP’s takeover of utility holding company Allete, citing conflicts of interest and potential threats to competition, rates, and regulation. The Commission has been urged to conduct a formal reassessment and hold an evidentiary hearing to address the deficiencies in the joint application.
Full articleSummary: Eli Lilly's latest drug, donanemab, a potential breakthrough for Alzheimer's disease, faces a major test on June 10 with the FDA convening a panel of experts to discuss its safety and effectiveness, potentially impacting the company's future revenues.
Full articleSummary: OpenAI unveiled a new flagship model, GPT-4o, which offers faster responses, enhanced image understanding, and previously paid features now accessible to free users. This positions GPT-4o for a potential integration with Apple's iOS 18.
Full articleSummary: Apple is reportedly preparing to launch its $3,499 Vision Pro outside of the US for the first time, with international rollout expected to start shortly after the Worldwide Developers Conference. The company has flown international store employees to Cupertino for training, but specific launch locations remain undisclosed. Some US Apple stores are selling only a few Vision Pro units per week, indicating the device may benefit from an international launch.
Full articleSummary: Ford partners with Red Bull for next-gen hybrid power unit for 2026 F1 season, global director Mark Rushbrook dismisses claims of being behind in development
Full articleSummary: FedEx's short percent of float has risen 20.39% since its last report, now at 1.83% of all regular shares. Short interest is an indicator of market sentiment towards a stock, and an increase can signal bearishness.
Full article