Summary: DICK'S Sporting Goods and Nike announced their fourth annual It's Her Shot tour, which will include practice drills, skills clinics, and courtside chats in six cities across the country with past and present WNBA players participating.
Full articleSummary: Semiconductor stocks are in focus with Nvidia ($NVDA) dominating the AI space and Intel ($INTC) struggling with underperformance and missed opportunities. Intel is undergoing a transformation under CEO Pat Gelsinger but faces challenges from Nvidia's lead in AI chips.
Full articleSummary: Japan's major trading houses are aiming for double-digit returns on equity by revising their portfolios to increase profitability and distribute cash to shareholders.
Full articleSummary: HLS Therapeutics reported a decline in Q1 2024 financial results with revenue at $12.5 million due to a significant decrease in royalty revenues. Despite increases in Vascepa unit demand and consistent prescribers, CEO Craig Millian announced the end of a promotional agreement with Pfizer and emphasized the need for bold action to achieve Vascepa profitability by year-end.
Full articleSummary: DICK'S Sporting Goods and Nike announced the fourth annual It's Her Shot tour, where past and present WNBA players will help young female athletes build their confidence on and off the court through practice drills, skills clinics, and courtside chats in six cities across the US.
Full articleSummary: Arm Holdings (ARM) and Airbnb (ABNB) stocks are falling after reporting disappointing earnings and guidance. Disney (DIS) and Warner Bros. Discovery (WBD) have announced a partnership to bundle their streaming services. Warner Bros. Discovery will release its earnings report today.
Full articleSummary: Exodus Movement, Inc. faces a delay in listing on the NYSE American due to SEC review of its registration statement, shares to continue trading on OTC Markets' OTCQX exchange under the symbol 'EXOD'. CEO expresses surprise but remains hopeful for a swift resolution.
Full articleSummary: Nike is opposing the registration of a 'confusingly similar' SNKRS-centric trademark by California-based company I Hate Snkrs, citing potential confusion and damage to its own rights. Nike asserts its ownership of SNKRS marks through federal registrations and common law rights, particularly in connection with apparel and footwear, and is urging the Trademark Trial and Appeal Board to refuse the registration of the 'I HATE SNKRS' mark.
Full articleSummary: Fox Corporation upgraded to Buy from Neutral by Bank of America due to optimistic outlook for FY25, with a raised price target of $40 per share. The company is expected to benefit from improving advertising backdrop, upcoming major events, and healthy balance sheet.
Full articleSummary: Intel and AMD stocks fluctuated after Intel confirmed a small revenue hit to the SEC in a filing following U.S. sanctions against Huawei. Intel down almost 3% while AMD initially rose by over a percent but later lost its gains. Intel focusing on advancing semiconductor manufacturing tech to compete in contract chip market dominated by TSMC. U.S. chip manufacturing set to grow significantly due to government efforts under CHIPS Act.
Full articleSummary: Netflix reported strong first-quarter revenue beating Street consensus, including exceeding earnings per share estimate. NextEra Energy also outperformed market estimates for its first quarter earnings. iShares U.S. Real Estate ETF and Netflix shares rose slightly, while NextEra Energy shares gained on Wednesday.
Full articleSummary: A CVS Health survey reveals growing concerns about mental health among adults and children, with a significant portion blaming social media for exacerbating the issue. CVS Health continues to prioritize improving access to mental health care.
Full articleSummary: Medtronic is funding Arecor's development of a novel, high concentration, thermostable insulin for use in combination with a next-generation implantable pump, potentially revolutionizing treatment options for diabetes patients. The collaboration aims to minimize pump maintenance interventions and expand utility for physicians while saving healthcare costs.
Full articleSummary: Despite its struggles, Ford is making significant gains in the electric vehicle market, with a surge in EV sales led by models like the Mustang Mach-E and F-150 Lightning. Additionally, Ford is emphasizing gas-electric hybrids as an option for customers.
Full articleSummary: Former Google employee indicted on trade theft charges related to sharing sensitive AI technology with Chinese companies, accused of sharing confidential company info, trade secrets regarding Google's hardware and software infrastructure, facing fines and prison time if convicted.
Full articleSummary: Federal Reserve Chair Jerome Powell's statement predicting that the next move in interest rates is likely to be down has led to criticism for failing to achieve a soft landing in the economy. His decision to signal rate cuts in December resulted in a resurgence of inflation, making rate cuts off the table indefinitely.
Full articleSummary: Disney has announced a new streaming bundle including Disney+, Hulu, and Max starting this summer. The bundle aims to provide subscribers with a wide range of content from popular brands and entertainment companies.
Full articleSummary: General Datatech (GDT) announced that it has achieved Cisco Advanced Customer Experience Specialized Certification, validating GDT's industry-leading capabilities and commitment to growing a robust software lifecycle practice.
Full articleSummary: McDonald's struggles with slowing same-store sales growth and challenges in a difficult macroeconomic environment. Concerns arise regarding the impact of inflation on pricing strategies and potential decline in growth rate. Stock's price-to-earnings multiple at S&P 500 average, but company remains optimistic about long-term prospects despite recent underwhelming results.
Full articleSummary: Regulators have been grappling with Elon Musk over claims that Tesla cars can drive themselves, specifically related to the Autopilot system. The NHTSA is requesting more data from Tesla following previous recalls and crashes involving the system. Additionally, the Justice Department is reported to be investigating Tesla for potential securities and wire fraud related to its driver assistance systems.
Full articleSummary: Ford Motor filed five patents in Q1 2024 for advanced materials including composite materials with recycled polymer matrices, carbon nanostructures, and a compatibilizer. These materials are designed to enhance performance and sustainability of automotive components.
Full articleSummary: McDonald's faces slowing demand and underwhelming results due to consumer pushback against price increases, despite maintaining consecutive quarters of sales growth. Concerns about the company's growth rate and stock pricing have emerged.
Full articleSummary: Citigroup sold shares of Vodafone Idea for over Rs 233 crore through an open market transaction. Ghisallo Master Fund LP acquired the shares at the same price.
Full articleSummary: Lowe's, the global leader in home improvement, is utilizing data-driven digital initiatives to elevate customer experiences by transforming its search capabilities on Lowes.com, resulting in increased customer engagement, funnel metrics, and conversion rates.
Full articleSummary: IBM announced the availability of IBM Copilot Runway, a new offering from IBM Consulting designed to help enterprises create, customize, deploy and manage copilots including Copilot for Microsoft 365.
Full articleSummary: Charter Communications, Inc. intends to offer senior secured fixed rate notes to prepay borrowings, fund an offer to purchase outstanding notes, and for general corporate purposes. The offering will be made by Joint Book-Running Managers including Barclays Capital Inc., Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC.
Full articleSummary: PepsiCo's Lay's brand holds the biggest market share in the potato chip segment in India, followed by Bingo and Balaji. Lay's engaged in promotional activities and plans to use a sunflower oil/palmolein blend in certain products. However, PepsiCo has faced scrutiny for alleged links to Amazon deforestation and invasion of indigenous lands in Peru due to its palm oil sourcing practices.
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