Summary: Oracle's $28 billion acquisition of Cerner Corp. for health care technology has faced setbacks, with declining sales and loss of major clients, resulting in job cuts and billions in debt. Oracle aims to move Cerner clients to its cloud and improve applications, with a focus on artificial intelligence features. Success overseas contrasts with struggles in the US market, particularly with a paused $16 billion contract with the US Department of Veterans Affairs.
Full articleSummary: Exxon Mobil announces a $100 million investment over 10 years to collaborate with federal energy labs on low-emission technology, amidst increasing calls for transparency and legal scrutiny over greenhouse gas emissions.
Full articleSummary: Boeing 767 freighter operated by FedEx Airlines had to conduct an emergency landing in Istanbul without the front wheels, no injuries reported. Investigation ongoing with no detailed explanation provided yet.
Full articleSummary: Stock market analysis for Dow Jones, Nasdaq 100, and Nikkei 225 showing Dow Jones rallying above 39,000, Nasdaq 100 edging down towards new record high territory, and Nikkei 225 facing selling pressure below 39,000.
Full articleSummary: Alphabet CEO Sundar Pichai responds to Microsoft boss Satya Nadella's taunt regarding Google's AI innovations and Bing's chatbot launch. Pichai emphasizes Google's focus on AI, acknowledges past mistakes, and expresses confidence in the company's direction and opportunities ahead despite criticisms.
Full articleSummary: NextEra Energy (NEE) closed the most recent trading day at $274.33, moving -0.38% from the previous trading session. The company has shown strong upward momentum, outpacing the Utilities sector and the S&P 500 in recent months. Analysts are expecting positive year-over-year growth in earnings and revenue for NEE. Recent estimate revisions are seen as a sign of optimism about the company's outlook.
Full articleSummary: Pioneer Trust Bank N A OR increased its holdings in Eli Lilly and Company by 25.8% during the 4th quarter as per 13F filing with the SEC. Several other hedge funds also made changes to their positions. Eli Lilly and Company reported $2.58 earnings per share for the quarter, beating the consensus estimate. The company announced a quarterly dividend of $1.30 per share.
Full articleSummary: Ford Europe is considering adjusting its electrification strategy due to slow BEV sales in Europe. The company had originally planned to only sell battery-electric models by 2030, but may reconsider that commitment based on demand. Ford Europe's head of passenger cars, Martin Sander, mentioned the possibility of continuing sales of combustion vehicles, especially plug-ins, beyond 2030 depending on consumer demand.
Full articleSummary: Texas Instruments (TXN) has been consistently beating earnings estimates, with an average surprise of 41.18% in the last two quarters. Its positive Zacks Earnings ESP of +1.93% and Zacks Rank #3 (Hold) suggest another beat is possibly around the corner, with the next earnings report expected on January 26, 2021.
Full articleSummary: Zacks' Growth Style Score system recommends Bristol-Myers Squibb (BMY) as a top growth stock due to its favorable Growth Score and top Zacks Rank.
Full articleSummary: The article discusses how Nvidia (NVDA) is thriving in the AI market, outperforming Intel (INTC) which has been struggling. Intel is undergoing a transformation led by CEO Pat Gelsinger, focusing on innovation and foundry business. Intel's stock has received mixed ratings from analysts with a mean target price of $40.29, showing potential for growth.
Full articleSummary: J.P. Morgan Chase & Co. faces a lawsuit from a retirement plan participant over a data breach affecting 451,000 individuals' personal information.
Full articleSummary: BlackRock, Inc. has decreased its stake in Pebble Group PLC, with voting rights attached to shares now totaling 10.66% from the previous 12.50%.
Full articleSummary: Intel has placed orders for ASML's high-NA EUV lithography equipment, aiming to utilize it in their upcoming 18A and 14A processes, giving them an edge over market competitors.
Full articleSummary: An investigation by the New Mexico Attorney General into the potential dangers of Meta’s platforms has led to the arrests of three men charged with attempted sexual abuse of children, sparking further scrutiny on Meta's safety measures for young users.
Full articleSummary: Starbucks employees in downtown Brooklyn have filed a petition to unionize due to concerns about inconsistent hours, unsafe working environment, and lack of support from management. This adds to the trend of more than 10,000 unionized baristas at 428 stores since 2021.
Full articleSummary: Texas Instruments (Nasdaq: TXN) CEO Haviv Ilan will be speaking at Bernstein 40th Annual Strategic Decisions Conference to discuss company's business outlook and growth strategy.
Full articleSummary: Zacks.com released a list of top analyst reports featuring stocks like Salesforce, Inc., BP p.l.c., and The Southern Co. The reports highlight key growth drivers, concerns, and performance of these companies in their respective industries.
Full articleSummary: IBM stock has been analyzed through an Elliott wave perspective, indicating the potential for a recovery ahead based on the completion of wave ((4)). However, there is also an alternative outlook suggesting a continued decline if wave (c) of ((II)) is ongoing.
Full articleSummary: Union Pacific has released the schedule for Big Boy No. 4014’s “Westward Bound Tour” to Roseville, Calif., and back, beginning June 30 and concluding July 26, including an excursion on July 14 from Roseville to Sparks, Nev.
Full articleSummary: CNBC's Jim Cramer is bullish on Costco stock despite its high valuation, citing potential for further growth fueled by solid April sales, expected membership fee increase, and special cash dividend. Wall Street analysts also have positive outlook, with JPMorgan raising price target to $804 and Goldman Sachs increasing target to $840.
Full articleSummary: Google Search queries without SGE increased significantly last month due to SGE being an opt-in results type, worries about a wider launch, shrinking vertical space, decrease in product viewers, and increase in apparel carousel results.
Full articleSummary: Roblox (NYSE:RBLX) missed Q1 revenue estimates, with revenue up 22.3% YoY but below analysts' expectations, causing the stock to drop 29.3%. The company also provided lower-than-expected revenue guidance for the next quarter.
Full articleSummary: Ford's original plan to sell exclusively electric cars in Europe by 2030 may not be achieved due to softer demand for EVs, the brand will adapt based on market demand. Ford still aims to go all-electric by 2035 due to upcoming regulations, but will manage the transition gradually. This decision is influenced by the challenging political climate between automakers and regulators in Europe.
Full articleSummary: Microsoft Corporation announces plans to triple its investment in a new artificial intelligence hub in southeast Wisconsin to $3.3 billion, creating jobs and an AI co-innovation lab in the region. The initiative aims to foster economic development and advance manufacturing industries within the state.
Full articleSummary: Alphabet (GOOGL, GOOG) is reportedly advancing in talks to acquire software developer HubSpot (HUBS). HubSpot shares are up almost 40% over the last year but not moving much recently.
Full articleSummary: Loop, a leading returns and reverse logistics platform, now supports merchants on Salesforce Commerce Cloud, providing them with access to its best-in-class returns management solution to optimize reverse logistics and enhance customer experience.
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