Summary: Stock markets closed at a fresh ATH on dovish central bank expectations, US inflation data awaited, US sentiment and expectations numbers were disappointing, Chinese consumer inflation rose but producer price deflation continues.
Full articleSummary: France secures commitments from Amazon, Pfizer, and Morgan Stanley, leading to new jobs and investments. Major investments include Amazon's 1.2 billion euros pledge, Pfizer and AstraZeneca's nearly $1 billion investments in healthcare, and Morgan Stanley's plan to expand presence in Paris with additional hires.
Full articleSummary: Emerson Electric had its price objective cut by Robert W. Baird from $120.00 to $116.00 with a neutral rating on the stock. Multiple other research reports have given buy ratings to the company. Emerson Electric's stock trading down slightly on Thursday.
Full articleSummary: Zacks Research lifted their Q2 2024 earnings per share estimates for Caterpillar. The company reported $5.60 EPS for the quarter, beating the consensus estimate. Several brokerages issued reports with various ratings for CAT.
Full articleSummary: US has ordered Lockheed Martin to upgrade additional M270 rocket launchers to launch PrSM missiles with a range of 500 kilometres
Full articleSummary: Bank of America reduced Uber Technologies' price target from $91.00 to $87.00 while maintaining a buy rating on the stock. Various other analysts also issued positive ratings and raised price targets on the company. Uber Technologies stock experienced a 1.4% decline following the news.
Full articleSummary: Costco Wholesale opens its first gas station in China, offering up to 15% discount on fuel for members, as competition intensifies among retailers. Costco aims to build customer loyalty by providing cheaper fuel and other services.
Full articleSummary: Tesla's Megafactory construction plan in China, specifically Nanhui New Town, Pudong New Area, covering 204,359.92 square meters, has received approval and is expected to complete trial production in 2024 with a production capacity of 40 GWh. Initial preparations started in March, and construction is set to begin this month. Tesla aims to produce 10,000 Megapacks per year in China, with deliveries expected by Q1 2025. The Megafactory could help reduce costs in high-demand regions like Australia.
Full articleSummary: Investors are awaiting eurozone and US economic data releases, focusing on Q1 GDP, April CPI, and US inflation, impacting investment sentiment. Important data includes Eurozone's Flash Q1 GDP, Eurozone's final April CPI, US April inflation data, German ZEW Economic Sentiment, UK employment data, US April CPI, US retail sales data, and earnings releases from major US retailers.
Full articleSummary: Tesla has invested early in creating its own Supercharger network with more than 50,000 chargers worldwide, offering efficiency and reliability. BP is eager to acquire Tesla Supercharger sites and expand its network in the US, pledging $1 billion by 2030. Other EV charging companies like EVgo see Tesla's slowdown as an opportunity to increase market share.
Full articleSummary: PepsiCo announced that its beverage plant in Álava, Spain, will be the first on a global basis to reach net-zero emissions by 2025 through electrification and decarbonisation projects.
Full articleSummary: Boeing confirmed $200 million ransomware demand by LockBit gang after data breach, cybersecurity experts believe more data may have been stolen, authorities identified Russian national as LockBit mastermind
Full articleSummary: Clearloop, a subsidiary of Silicon Ranch, inaugurated the 2.8 MWDC White Pine Solar Farm in Tennessee with support from Intuit and REI. The project aims to prevent over 162 million pounds of carbon emissions throughout its lifespan and provide affordable electricity to nearly 400 homes.
Full articleSummary: NVIDIA announced nine new supercomputers worldwide using NVIDIA Grace Hopper™ Superchips to deliver 200 exaflops of energy-efficient AI processing power, driving a shift in the high-performance computing industry toward AI-powered systems.
Full articleSummary: Apple's recent ad for the new iPad received negative feedback, but the impact on the company's business is expected to be minimal. The tech giant's reputation may have been slightly affected due to the backlash.
Full articleSummary: Pfizer and AstraZeneca announce significant investments totaling almost $1 billion in France ahead of the 'Choose France' event, marking a vote of confidence in the French economy. Pfizer pledges 500 million euros towards enhancing R&D capabilities, while AstraZeneca invests $388 million in its Dunkirk site to expand manufacturing and production.
Full articleSummary: The Stock Control Software market is projected to experience a 5% CAGR, with top key players such as SAP SE, Oracle Corporation, and Zoho Inventory leading the industry. The global market size is expected to grow from USD 6.29 Billion in 2024 to USD 9.40 Billion by 2030. Market trends include the increasing adoption of cloud-based solutions and the growth of e-commerce driving demand for efficient inventory management solutions.
Full articleSummary: Rising inflation has been noticeable to consumers, but Costco has kept its $1.50 hot dog and soda combo price unchanged since 1985 as a marketing tool to attract and retain customers. Costco's goal is to grow its membership base to increase revenue.
Full articleSummary: The report discusses the growth and potential benefits in the Diabetes Devices And Drugs Market till 2031, showcasing key insights, market analysis, and forecasts. Major players in the industry include Abbott Laboratories, Bristol-Myers Squibb, and DexCom Inc. The report emphasizes on primary and secondary drivers, market share, leading segments, and geographical analysis.
Full articleSummary: Nike SB Dunk Low collaboration with Verdy unveils exclusive 'Vick' colorway inspired by Verdy's 'Vick' plush toy, featuring black and white furry upper with a playful design blending street culture and contemporary flair.
Full articleSummary: Eli Lilly & Company's first quarterly report for 2024 highlights a 26% revenue increase mainly attributed to new products like Mounjaro, Zepbound, and Jaipirca. The company's focus on medicine for diabetes and anti-obesity, particularly Zepbound, has driven strong growth, leading to production capacity challenges. Investments in factory development and R&D underscore Eli Lilly's commitment to expanding its product portfolio. The company is also leveraging Artificial Intelligence for drug discovery, reflecting a strategic move towards technological innovation.
Full articleSummary: Australia's government predicts inflation to moderate to RBA's target range faster than expected by the end of the year, also lowers economic growth forecasts. RBA has raised interest rates to combat persistently high inflation.
Full articleSummary: Colgate-Palmolive (India) Ltd. stock rose 0.29% in Monday's trade. The company reported a 5.42% increase in the past month, with higher trading volume and value. However, its consolidated sales for the quarter ended 31-Dec-2023 were down compared to the previous quarter.
Full articleSummary: Emerson Electric was upgraded from a hold rating to a buy rating by Deutsche Bank Aktiengesellschaft, with a target price of $138.00. Several other analysts have also given buy ratings to the stock, boosting their price targets.
Full articleSummary: Nike plans to decrease the supply of lifestyle models like the Nike Dunk, but due to its popularity, new colorways are still being released at a rapid pace.
Full articleSummary: Copper rose on Monday due to investors' hope for Fed rate cuts and rising demand in China alongside supply disruptions. Supply deficit in copper expected to worsen if prices do not rise to incentivize new mines.
Full articleSummary: BT is increasingly using artificial intelligence to detect and neutralize threats from hackers targeting business customers, aiming to build up its business protecting customers from online criminals, with 725 AI-related patents and patent applications globally. They are also using AI to help detect faults across their network.
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