Summary: Colgate-Palmolive executive celebrates his AANHPI heritage.
Full articleSummary: Broadcom Inc. (NASDAQ:AVGO) appears attractive to dividend investors with its 3.7% dividend yield, nine-year payment history, and significant buyback of stock. However, there are concerns over its high payout ratio of 114% of profit as dividends, though it covered dividends with free cash flow. The company also has a meaningful amount of debt, with a net debt to EBITDA ratio of 3.15.
Full articleSummary: Meta Quest 2, a VR headset known for its affordability, is currently on sale for $199 on Amazon, down from its usual price of $249.99. Despite the newer Meta Quest 3 being available, the Quest 2 is still recommended for those entering into VR gaming due to the vast library of compatible games and its lower price point compared to Quest 3.
Full articleSummary: Senate Majority Leader Schumer is calling on federal regulators to halt Chevron's $53 billion acquisition of Hess Corp., claiming it could lead to higher gas prices. Schumer argues that Big Oil mergers like this reduce competition and harm consumers.
Full articleSummary: McDonald's is planning to introduce a $5 meal deal to attract customers back amid soaring costs at the chain, in addition to launching a new satiating burger.
Full articleSummary: Microsoft introduces AI-powered app called Microsoft Places to help businesses coordinate in-office time better amidst the rise of hybrid and flexible work post-pandemic.
Full articleSummary: Google Cloud accelerates its Q1 growth rate to 28%, becoming the fastest-growing company in the Cloud Wars Top 10. Oracle and ServiceNow follow closely with 25% growth in cloud revenue in their most recent periods.
Full articleSummary: McDonald's launches a limited $5 value meal to attract customers who have been lost due to rising prices.
Full articleSummary: Target will not stock Pride Month merchandise at all stores in June due to backlash and lower sales, but will offer full assortment online. The decision disappoints LGBTQ+ advocacy group Human Rights Campaign. Target faced similar backlash and scrutiny regarding LGBTQ+ merchandise in the past.
Full articleSummary: Starbucks stock plummeted after poor second quarter earnings results, showing declines in comparable-store sales and operating income. However, the company announced a reinvention strategy including digital initiatives and cost-saving measures. Metrics like low P/E ratio and high dividend yield suggest the stock may be oversold, presenting a potential long-term bargain for investors.
Full articleSummary: Dow Inc. has experienced a share price rise of 19% over five years and 14% in the last twelve months, falling short of the market average returns. The EPS of Dow has dropped 9.5% per year despite the climbing share price, indicating a discrepancy between the price and value of the company.
Full articleSummary: McDonald's may consider offering a new $5 value meal amidst rising food prices to address consumer affordability concerns.
Full articleSummary: Salesforce, Inc. has selected NTT DATA Group Corp. to drive standardization and streamlining of its application environment, including various Salesforce clouds, MuleSoft, Heroku, Slack, and third-party apps. The companies aim to consolidate managed services to enhance capabilities and customer insights using data and AI.
Full articleSummary: Salesforce, Inc. has selected NTT DATA Group Corp. to drive standardization and streamlining of its application environment, improving internal instance of Salesforce and third-party apps. Salesforce also expanded partnership with Inclusively to aid employees. Investors can gain exposure to CRM stock via FEPI and MRAD ETFs.
Full articleSummary: RTX Corporation (RTX) has shown impressive price performance in 2024 fueled by rising defense budgets amid global conflicts, bagging significant deals with Germany and Ukraine. Analysts expect an EPS growth of 6.7% year over year. The consensus rating is a 'Moderate Buy' with multiple analysts raising price targets on the stock.
Full articleSummary: OpenAI is reportedly planning to launch an AI-powered search engine to rival Google, extending its ChatGPT product to pull in direct information from the web. The announcement was timed just before Google's annual I/O conference where AI-related products were expected to be unveiled.
Full articleSummary: OpenAI is expected to release a new product that could threaten Google, sparking market concerns and causing Alphabet's share price to drop by 2% in early trading.
Full articleSummary: The Dow Jones Industrial Average outperformed other major indices driven by hopes of rate cuts, solid corporate earnings, and increased stock buybacks. Five stocks, including Amgen, Amazon.com Inc., Apple Inc., Boeing, and The Goldman Sachs Group led the market rally. Amazon and Apple reported strong earning estimates, while Amgen surged on positive earnings and test results of its injectable weight-loss drug.
Full articleSummary: Daiwa Securities Group to take a stake in Aozora Bank by buying $330 million in newly issued shares, becoming the bank's biggest shareholder. They plan to cooperate in wealth management, real estate, mergers and acquisitions, and startups.
Full articleSummary: European banks were among the biggest fossil fuel financers in 2023, with Barclays, Santander, and Deutsche Bank leading the way. Despite commitments to lower emissions, finance for fossil fuel companies from the world’s top banks totalled $705 billion last year. European banks contributed just over a quarter of the total fossil fuel financing in 2023, with Barclays, Santander, and Deutsche Bank being the top three.
Full articleSummary: Inflation expectations among U.S. business leaders increased in the second quarter of 2024, with expectations for Consumer Price Index inflation rising to 3.8 percent from 3.4 percent in January 2024. The Survey of Firms’ Inflation Expectations (SoFIE), conducted by the Federal Reserve Bank of Cleveland, captures these insights from CEOs and top executives in the manufacturing and services sectors.
Full articleSummary: Four UPS employees in Florida were caught stealing roughly $52,000 worth of iPhones and other Apple products by using fake labels to intercept the items meant for customers. The employees were charged with organized scheme to defraud and other related crimes.
Full articleSummary: Microsoft is willing to provide Congress with important security information but has not confirmed attendance to the hearing yet.
Full articleSummary: The International Super Computing 2024 conference is happening in Hamburg, Germany, and the May June Top500 rankings of supercomputers are out. The aggregation Rmax performance on the list is 8.21 exaflops, up 56.7% from a year ago and 86.6% from two years ago. Nvidia dominates accelerated computing but faces growing competition from AMD and Intel.
Full articleSummary: Ford is cutting back on EV battery orders and experiencing losses exceeding $100,000 per electric car built in the first quarter. The company is also delaying EV initiatives and shifting focus to smaller, more profitable EVs while cutting prices to stay competitive in the market. Despite the setbacks, Ford is maintaining partnerships with battery suppliers such as SK, LG Energy Solution, and CATL.
Full articleSummary: Microsoft is set to invest 4 billion euros in France for artificial intelligence and economic growth, including building advanced data centers, supporting startups, and training a million French citizens.
Full articleSummary: Intel, HPE, and Argonne National Laboratory announced that the Aurora Supercomputer has become the fastest AI supercomputer, and Intel is promoting upcoming Xeon processors.
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