Summary: JetBlue Airways Corporation to participate in a fireside chat at the Bank of America Transportation, Airlines and Industrials Conference on May 15th.
Full articleSummary: Apollo Global Management is in advanced discussions with Intel over a deal to provide more than $11bn in capital to finance the chip manufacturer’s construction of a new plant in Ireland.
Full articleSummary: Clifford Swan Investment Counsel LLC increased stake in Alphabet Inc., Alphabet disclosed a quarterly dividend, Analysts set new price targets for GOOGL.
Full articleSummary: Goldman Sachs warns that U.S. consumers are feeling more financial strain than expected due to inflation, macroeconomic softening, and elevated gas prices. Companies impacted include McDonald's (MCD), Starbucks (SBUX), and Costco Wholesale (COST).
Full articleSummary: Microsoft is launching a new app called Microsoft Places to help improve coordination and connection in flexible work environments. The app integrates with Microsoft Teams and Outlook to facilitate scheduling in-office time, booking rooms, and finding workspace within the office. It will also include features like expanded presence to see nearby coworkers and AI capabilities to optimize workplace effectiveness. The app is set to be licensed as part of Microsoft Teams Premium.
Full articleSummary: NVIDIA unveiled the NVIDIA Blackwell platform at GTC in March, promising generative AI on trillion-parameter large language models at up to 25x less cost and energy consumption than the NVIDIA Hopper architecture. The platform's capabilities are expected to drive breakthroughs in accelerated computing, AI, scientific simulations, and quantum computing. Nvidia is making advancements in AI for scientific computing, driving extreme performance for scientific computing with NVIDIA networking and accelerating data analytics for scientific breakthroughs.
Full articleSummary: Google parent Alphabet made a compelling offer to purchase marketing software provider HubSpot, with discussions ongoing and no deal reached yet.
Full articleSummary: Coca-Cola has launched Coca-Cola Lens, an insights platform focused on growth to empower operators in the foodservice and retail industries with data-driven decisions. The platform provides actionable insights and relevant trends to anticipate consumer preferences.
Full articleSummary: QRG Capital Management Inc. lowered its stake in General Dynamics Co. by 45.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Several other hedge funds have also adjusted their holdings in the company. General Dynamics also recently declared an increased quarterly dividend. Analysts have provided various ratings and price targets for the stock.
Full articleSummary: Meta Platforms Inc. defeated a proposed class action alleging it wrongfully obtained consumers’ personal information from motor vehicle records of the North Carolina Department of Motor Vehicles.
Full articleSummary: Kraft Heinz is considering selling its Oscar Mayer hot dog brand valued between $3 billion and $5 billion. Kraft Heinz also missed earnings expectations due to decline in sales of higher-priced branded items.
Full articleSummary: Top Wall Street analysts changed their outlook on several top names, including Texas Instruments, SolarEdge Technologies, PENN Entertainment, Morgan Stanley Direct, and PlayAGS, with downgrades in ratings and price target cuts.
Full articleSummary: IBM joins the Copilot AI trend by introducing 'IBM Copilot Runway' initiative to help businesses integrate copilots for improved productivity.
Full articleSummary: ExxonMobil Cepu Limited (EMCL) has successfully carried out the 800th lifting production from the Working Area (WK) Cepu, contributing to more than 540 million barrels of oil production. The operation has exceeded the initial development plan and aims to reach a production target of 1 billion barrels to support energy security in Indonesia by 2030.
Full articleSummary: Thermo Fisher Scientific Inc. acquired Life Technologies, becoming a leader in research, Specialty Diagnostics, and applied markets. The company exceeded earnings estimates with adjusted earnings per share of $2.50, up 20% year-over-year. Revenues of $5.85 billion also surpassed expectations.
Full articleSummary: Nike welcomed A’ja Wilson, a two-time WNBA MVP, to their lineup of signature athletes. Wilson collaborated with Nike on a signature collection including a shoe that reflects her style and performance. Her partnership with Nike marks a significant milestone in her career.
Full articleSummary: Deep-pocketed investors have adopted a bearish approach towards Costco Wholesale (COST) with significant options activities suggesting a big move may happen. The general mood among these investors is divided with 26% leaning bullish and 48% bearish.
Full articleSummary: Mark Lagrand Burns, Vice President of General Dynamics Corp, engaged in insider transactions by selling 6,016 shares at an average price of $296.58 and acquiring 31,590 shares at $191.71 per share. The transactions, disclosed in a regulatory filing, adjusted Burns' direct holdings in the company. This can provide insights into the executive's confidence in the company's stock value and future prospects.
Full articleSummary: A recent study by Cisco highlights the surge in the use of AI in cybersecurity strategies among KSA organizations, with high confidence levels in cyber defense capabilities and increased cybersecurity budgets in Saudi Arabia.
Full articleSummary: JPMorgan Chase has outperformed the market over the past 10 years with an average annual return of 13.98%, and an investor who bought $1000 of JPM stock 10 years ago would now have $3,691.65.
Full articleSummary: Tesla has started rehiring some of the members of its Supercharging team that were dismissed by CEO Elon Musk last month, including top managers like Max de Zegher. Musk pledged to invest over $500 million in expanding Tesla's network this year.
Full articleSummary: HBK Capital Management plans to abstain from voting on Hess Corp.'s $53 billion takeover by Chevron Corp. after agreeing with ISS's recommendation. The hedge fund, with economic interests in over 8 million shares of Hess, believes shareholders should be compensated for arbitration risks.
Full articleSummary: Apple is reportedly exploring a potential partnership with U.S.-based electric vehicle company Rivian. The collaboration, although based on rumors at this point, could bring significant benefits for both companies. Apple could leverage Rivian's EV technology expertise to accelerate its entry into the automotive space, while Rivian could benefit from Apple's brand recognition and technological prowess to navigate its financial challenges.
Full articleSummary: CVS Pharmacy Inc. and Rite Aid Corp. lost in convincing a federal appeals court that a brand name manufacturer unlawfully reversed settlement payments to delay market entry of a generic version of a high-blood pressure drug.
Full articleSummary: Three Democratic senators are calling on the Department of Veterans Affairs (VA) to push for stronger accountability provisions in its ongoing contract negotiations with Oracle Cerner regarding the Electronic Health Record Modernization program.
Full articleSummary: Nio is preparing to launch its first mass-market car, the Onvo L60 SUV, which is priced cheaper than Tesla's Model Y. Other Chinese EV startups like Li Auto and XPeng are also introducing new models to compete in the growing mainstream market.
Full articleSummary: Honeywell and Weatherford announce a partnership to provide a comprehensive emissions management solution to energy manufacturers, combining Honeywell's emissions management suite with Weatherford's Cygnet® data acquisition platform.
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