Summary: Cisco reported that its product revenue was up 9% in the United States, while its product revenue in China fell 4%, which could indicate broader economic trends affecting the tech industry as a whole.
Full articleSummary: Google stated that the outage experienced by UniSuper was due to a provisioning issue causing a deletion of UniSuper's Private Cloud subscription, which was not a cyber-attack. The restoration process required significant effort and collaboration between the teams. UniSuper had backups with another service provider to minimize data loss.
Full articleSummary: Wells Fargo appoints Fernando Rivas as co-chief executive of its corporate and investment banking unit, which has seen growth with the addition of more than 50 senior bankers and traders in the past four years.
Full articleSummary: Citigroup lowered their price target on Home Depot, Inc. from $415.00 to $395.00, resulting in a 0.5% decline in the stock price. The stock traded at $338.89, with analysts offering differing ratings from sell to buy. Large investors have been adjusting their holdings in the company as well.
Full articleSummary: Three insurance companies have rejected Chevron's $57 million claim over the seizure of an oil cargo by Iran, stating that the incident was not covered under Chevron's marine cargo or war risks policies.
Full articleSummary: Mary Erdoes, CEO of Asset & Wealth Management at JPMorgan Chase & Co, sold 15,895 shares of the company at a price of $193.66 per share, totaling approximately $3,078,940.70. This insider sell event follows a trend over the past year of insider selling at the company.
Full articleSummary: Chief Risk Officer of JPMorgan Chase & Co sold 5,086 shares, totaling 28,588 shares sold over the past year. Insider selling trend observed. Valuation metrics point towards Fairly Valued stock.
Full articleSummary: Three insurance companies - Zurich American Insurance, Liberty Mutual Insurance, and Great American Insurance rejected Chevron's $57 million claim over the seizure of an oil cargo by Iran last year. The companies stated that the oil seizure was not covered under either Chevron's marine cargo or war risks policies.
Full articleSummary: Collaboration of major financial institutions to explore on-chain settlement system for tokenized cash and assets through Regulated Settlement Network (RSN) proof-of-concept (PoC), involving members like Citi, J.P. Morgan, Mastercard, Swift, TD Bank N.A., U.S. Bank, USDF, Wells Fargo, Visa, and Zions Bancorp.
Full articleSummary: Carlos Pagoaga, a 34-year veteran of The Coca-Cola Company, will become Vice President of Global Community Affairs for The Coca-Cola Company and President of The Coca-Cola Foundation, succeeding Saadia Madsbjerg who is stepping down. Pagoaga brings extensive experience with the company and the Foundation, including managing global recycling initiatives, large grants, and serving on various boards.
Full articleSummary: Apple facing criticism for its new iPad ad.
Full articleSummary: Helios Towers plc is expected to approach breakeven in 2025 with a projected profit of US$56m, based on analysts' consensus. Despite a high forecast growth rate of 63%, the company currently has negative equity on its balance sheet due to past losses.
Full articleSummary: Zacks Research analysts have cut their Q3 2025 earnings per share estimates for Charles Schwab, with the company expected to post earnings of $1.10 per share for the quarter. Despite beating previous quarter earnings estimates, analysts have adjusted their forecasts for future earnings of the company. Various equities research analysts have provided different ratings and price targets for Charles Schwab's stock.
Full articleSummary: Three analysts recently expressed bullish sentiments on IQVIA Holdings, CVS Health, and Lantheus in the Healthcare sector. The analysts maintained Buy ratings on these companies with positive price targets.
Full articleSummary: Honeywell International Inc. has been rated as 'Hold' by six brokerages. One analyst recommends selling, three suggest holding, and two advise buying the stock. The 1-year price objective is $215.71. The company reported higher-than-expected earnings per share of $2.25 in the latest quarter.
Full articleSummary: The increasing demand for data centers and industrial components to support AI-related activities is driving growth for companies like Carrier Global, Trane Technologies, Johnson Controls, Parker-Hannafin, Dover, TE Connectivity, Caterpillar, Cummins, and GE Vernova as they cater to the cooling, HVAC, fluid connectors, pumps, electric signals transportation, and smart grid software needs of the AI industry.
Full articleSummary: The recent Court of Appeal decision in the case involving BlackRock has significant implications for corporate accountants and tax professionals regarding transfer pricing regulations and the 'unallowable purpose' principle.
Full articleSummary: US Department of Defense has signed a contract with Lockheed Martin for the production of HIMARS MLRS for over $861.3 million.
Full articleSummary: BlackRock, Inc. reported third-quarter 2021 adjusted earnings that surpassed estimates, driven by revenue improvement and long-term net inflows supporting growth in assets under management. However, higher expenses were a concern.
Full articleSummary: Severe storms and tornadoes caused extensive damage to homes, commercial buildings, and a FedEx facility in Michigan, leading to power outages and a state of emergency declaration by the Michigan governor.
Full articleSummary: PayPal, a fintech company, has experienced slowing growth leading to a 16.5% decrease from its 52-week high, despite positive Q4 earnings results indicating potential for future financial improvement. The company is implementing new growth strategies and technological advancements to enhance its offerings and customer experience.
Full articleSummary: National Pension Service increased its position in Simon Property Group by 2.7% in the 4th quarter, while other institutional investors also made changes to their positions in the company. Simon Property Group announced a stock buyback plan and increased its dividend payout. Wall Street analysts have mixed views on SPG, with a consensus rating of 'Moderate Buy' and a consensus target price of $140.22.
Full articleSummary: Tesla reduced over 3,400 job postings in North America to just three after a challenging first quarter marked by layoffs and missed earnings. The remaining roles are part of Tesla's manufacturing development program, offering training opportunities at community colleges in Texas and California.
Full articleSummary: Disney CEO Bob Iger announced a reduction in Marvel Studios' movie and TV output to focus more on quality, citing recent underperformances such as The Marvels. This move comes after a period of critical and commercial flops that have plunged the Marvel Cinematic Universe (MCU) into its first crisis.
Full articleSummary: Google's AlphaFold 3 software can predict protein shapes and interactions with 50% better accuracy, potentially revolutionizing disease research and drug design.
Full articleSummary: Stifel Nicolaus analyst upgraded Union Pacific to a Buy with a price target of $267.00, multiple analysts hold a positive outlook on the company, and Union Pacific reported a slight decrease in revenue and profit compared to the previous year's quarter.
Full articleSummary: United Parcel Service (UPS) closed slightly lower in the most recent trading day, ahead of the S&P 500's gain. The company is expected to release earnings on February 1, 2022, with analysts predicting a year-over-year growth in earnings. UPS currently holds a Zacks Rank of #3 (Hold) and is trading at a premium valuation compared to its industry average.
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