Summary: Union Pacific Corporation declares a dividend of $1.30 per share on its common stock for the second quarter of 2024.
Full articleSummary: A NASA contractor, ValveTech, urges NASA to suspend the upcoming Boeing Starliner launch due to safety concerns regarding a leaking valve. The incident comes after months of bad press for Boeing and a federal court ruling that Boeing used a valve that copied ValveTech's designs.
Full articleSummary: Nvidia to release next generation Vera Rubin GPUs for AI and HPC applications, focusing on power consumption by introducing R100 processors based on Rubin architecture, with mass production expected in late 2025 and systems likely entering production in early 2026.
Full articleSummary: Financial giants have made a conspicuous bearish move on Charles Schwab, with 60% of traders showing bearish tendencies. Unusual trades observed with 20% bullish sentiment. Options activity projects price targets between $55.0 to $80.0. Open interest for options trades is 1356.5 with a total volume of 3,019.00.
Full articleSummary: Deep-pocketed investors have adopted a bullish approach towards United Parcel Service (UPS) as significant options activities suggest something big is about to happen. Tracking of public options records at Benzinga unveiled 9 extraordinary options activities for UPS, with sentiment leaning 66% bullish and 22% bearish. Major market movers are focusing on a price band between $125.0 and $180.0 for UPS. The stock's current price is up 0.2% at $148.06.
Full articleSummary: Intel is preparing to release 13 new processors under the new branding Intel Core Ultra 200 series with notable changes like the loss of hyperthreading. These Arrow Lake CPUs will include K-series, non-K-series, F-series, and T-series variants.
Full articleSummary: JPMorgan Chase announced the results of an exchange offer for its Alerian MLP Index ETNs, exchanging Old Notes due May 24, 2024, with New Notes due January 28, 2044. The Exchange Offer has been completed with 19,437,415 Old Notes accepted and a settlement date scheduled for May 13, 2024. Holders were reminded that Old Notes not tendered will mature on May 24, 2024.
Full articleSummary: Emerson Electric Co. reported Q2 2024 earnings with a beat on earnings expectations, reporting EPS of $1.36 compared to expectations of $1.28. The company highlighted strong operating performance, raised outlook for the year, and announced increased synergies of $100 million for 2024.
Full articleSummary: Red Hat, owned by IBM, is being sued for allegedly discriminatory practices against a White male employee. The employee claims that he was laid off due to Red Hat's focus on prioritizing skin color and race in hiring, as part of their diversity, equity, and inclusion initiative. The lawsuit has been filed in federal court in Idaho by the former employee, seeking compensation for lost earnings and emotional damages.
Full articleSummary: Deutsche Bank upgraded their outlook for Emerson Electric from Hold to Buy with an average one-year price target suggesting an 11.52% upside. The total shares owned by institutions increased in the last three months and the put/call ratio of EMR is 0.64, indicating a bullish outlook. Various institutional shareholders like Bank Of America and Vanguard have reported changes in their portfolio allocation in EMR over the last quarter.
Full articleSummary: Zion Williamson's game-worn blown-out Nike PG 2.5 sneaker from the 2019 Duke-North Carolina game is going up for auction through Goldin, estimated to be worth at least $250,000.
Full articleSummary: Apple faced backlash over their newest iPad commercial which features creative tools being flattened by an industrial press, symbolizing a move towards disposable technology and disregarding the value of enduring experiences. The ad reflects a Silicon Valley attitude that scorns the past as outdated rather than clever.
Full articleSummary: Stocks moved mostly higher on Thursday, with the Dow extending its winning streak to seven sessions and reaching its best closing level in over a month. The strength was driven by optimism of potential interest rate cuts by the Federal Reserve due to a much bigger than expected increase in US unemployment claims.
Full articleSummary: Alphabet (GOOGL) is reportedly in talks to acquire CRM giant HubSpot, as it seeks new growth engines amidst competition in its search business. Alphabet has a significant cash pile of $110.9BN to invest in growth opportunities, potentially acquiring HubSpot, with a market cap of $30.0BN, three times over. However, there are concerns about regulatory scrutiny and antitrust issues regarding the potential acquisition. HubSpot recently reported strong Q1 results, showing a 23% YoY revenue increase and growing customer base.
Full articleSummary: Closing arguments were made in the largest antitrust trial against Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), challenging Google's dominance in internet search. Judge Amit Mehta is expected to decide by year-end. The case alleges anticompetitive practices, focusing on Google's payments to secure default search engine status on various devices and browsers.
Full articleSummary: JPMorgan Chase & Co. plans to host conference calls to review financial results for each quarter of 2025. The financial results will be released before the conference calls, and webcasts will be available on their website.
Full articleSummary: FedEx Express, a subsidiary of FedEx Corp., is investing over USD 2 million toward sustainable communities by supporting 40 urban conservation projects worldwide, including India. FedEx Cares volunteers have planted nearly 10,000 saplings in Mumbai and Delhi to reduce air pollution, mitigate climate change effects, and enhance community health.
Full articleSummary: U.S. Physical Therapy, Inc. announced that their CEO and CFO will present at the Bank of America Securities Healthcare Conference 2024, providing an overview of the company. They operate outpatient physical therapy clinics and offer industrial injury prevention services.
Full articleSummary: JPMorgan Chase & Co. plans to host conference calls to review financial results for the first, second, third, and fourth quarters of 2025. The financial results will be released early in the morning on the specified dates, with live audio webcasts and presentation slides available on their website. Investor and media contact information is also provided.
Full articleSummary: Union Pacific Corporation declares a quarterly dividend of $1.30 per share on the company’s common stock.
Full articleSummary: The news discusses how the implementation of link taxes in Canada, such as taxing news links, did not affect Meta but significantly harmed Canadian news outlets. Users on Meta platforms continued to engage with news content despite the absence of news links by sharing screenshots and discussions. Taxing links is seen as a counterproductive solution for funding news organizations.
Full articleSummary: IBM and SAP SE announced an expanded partnership to offer new generative AI capabilities and industry-specific cloud solutions to help clients unlock business value.
Full articleSummary: The U.S. revoked some of Intel and Qualcomm's export licenses to China over national security concerns related to Huawei, affecting revenues for Intel and potentially Qualcomm. The move was criticized by the Chinese government as unnecessary and excessive.
Full articleSummary: Texas Instruments CEO Haviv Ilan will speak at the Bernstein 40th Annual Strategic Decisions Conference, discussing the company's business outlook and strategy for growth in analog and embedded processing technologies.
Full articleSummary: NTSB to hold hearing on near-miss incident between FedEx cargo plane and Southwest Airlines jet in Austin, Texas, raising concerns about U.S. aviation safety and air traffic control staffing. FAA to increase air traffic control staffing.
Full articleSummary: NYSE reported short interest as of April 30, 2024, showing increases in total short interest compared to the previous reporting period across NYSE, NYSE Arca, NYSE American, and NYSE Group.
Full articleSummary: SoundHound AI reported 73% revenue growth to $11.6 million in Q1 2024 and closed the quarter with $226 million in cash. The company raised its full year revenue outlook. SoundHound is seeing strong demand for subscriptions and expanding its voice AI technology in various sectors like automotive and customer service.
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