Summary: Natixis Advisors L.P. decreased its stake in shares of MetLife, Inc. (NYSE:MET) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. Several hedge funds have also bought and sold shares of the company. Wall Street analysts have weighed in on MET shares with mostly positive ratings. MetLife recently announced an increase in its dividend and a share buyback plan.
Full articleSummary: GE Aerospace has launched the GE Aerospace Foundation to support communities and workforce development, disaster relief, and employee engagement. The foundation has committed over $22 million to programs through 2030. Focus is on workforce development, disaster relief, and amplifying employee giving. Next Engineers program aims to increase diversity in engineering. Workforce development initiatives include donations to support programs and partnerships with organizations. Foundation also contributes to disaster relief efforts and matches employee donations.
Full articleSummary: Google is reportedly leaving its office space at One Market Plaza in San Francisco next year, impacting the city's economic recovery. This move is attributed to flexible schedules and work-from-home arrangements resulting in decreased office space needs.
Full articleSummary: Salesforce insider Parker Harris sold a significant number of shares in multiple transactions. Quarterly earnings results beat expectations, forecasted earnings seem positive. Dividend announced and paid recently. Analysts reiterate positive ratings with increased price targets.
Full articleSummary: NextEra Energy Partners, LP has been given a consensus recommendation of 'Hold' by fifteen brokerages covering the firm, with ten analysts rating it as hold and five rating it as buy. The average 1 year price objective is $41.60.
Full articleSummary: Thoughtworks had its price objective boosted by Citigroup from $2.50 to $3.25, with a 'neutral' rating on the stock, indicating a potential upside of 5.86% from the company's previous close. Several other brokerages also issued ratings on TWKS, with a consensus target price of $4.94.
Full articleSummary: Whistleblower from Boeing supplier Spirit AeroSystems reveals pressure to ignore defects during inspections, leading to safety concerns on 737 Max planes. Several employees corroborate with evidence and CEO notes improvement in quality checks. Shareholder lawsuit and quality audits raise concerns about safety and manufacturing issues.
Full articleSummary: Bill Baruch, founder and president at Blue Line Capital, buys more Apple and Amgen.
Full articleSummary: Charles Schwab Investment Management Inc. raised its stake in Philip Morris International by 0.9% during the 4th quarter, along with other hedge funds. Insider transactions and analyst ratings changes also reported in relation to Philip Morris International's stock performance and dividends.
Full articleSummary: Apple unveiled its new line of 2024 iPads and 2024 iPad Pro tablets with impressive features including Tandem OLED displays, Ultra Retina XDR tech, and a powerful M4 processor, appealing to content creators and Apple Pencil fans. The upgrades are substantial compared to the 2022 models, making the new tablets a significant step up for those in creative fields.
Full articleSummary: Intel recommends motherboard manufacturers to not use 'Intel Baseline Profile' BIOS settings and instead implement the highest power delivery profile compatible with each individual motherboard design based on Intel's 'Intel Default Settings'.
Full articleSummary: Cisco has scheduled a conference call to announce its third quarter fiscal year 2024 financial results on May 15, 2024, after the market close. The earnings press release will be posted on their website.
Full articleSummary: Chinese banks maintained their dominance in the global largest lender rankings of 2023 with 20 positions in the top 100, including the top four spots, despite a downturn in the property sector. Other regions such as Asia-Pacific and Europe also saw shifts in rankings with some Japanese banks falling and Indian bank HDFC entering the list. U.S. banks like JPMorgan Chase and European banks like HSBC Holdings PLC and Société Générale SA also experienced changes in their rankings.
Full articleSummary: UniSuper, an Australian superannuation fund, faced a week-long outage due to a bug and misconfiguration at Google Cloud while provisioning its private cloud. Google Cloud is working with UniSuper to resolve the issue and stated that it was not due to malicious behavior or a cyber-attack. UniSuper expects some services to be back online in a limited capacity soon, with trading and investments continuing as normal.
Full articleSummary: Bank of America Corp. exceeds Q1 earnings expectations but records hefty provision for loan losses, shares drop over 8%. Oracle to acquire Sun Microsystems for $7.4 billion, ORCL shares decline while JAVA shares soar over 36%.
Full articleSummary: Salesforce's stock price was up 0.9% during mid-day trading. Analysts have an overall positive outlook on the stock, with price target increases and mostly 'buy' ratings. The company recently announced a quarterly dividend, reflecting a healthy payout ratio.
Full articleSummary: The city of Birmingham is in talks with Coca-Cola UNITED, a major bottling company, to move to a new address in the Kingston community. The company intends to transform the old Stockham Valves property into its new corporate headquarters and regional offices.
Full articleSummary: Dotdash Meredith (DDM) partners with OpenAI to enhance its digital ad business, protect referral traffic, and grow revenue through generative AI technology.
Full articleSummary: OpenAI is exploring the possibility of allowing NSFW content including erotica and extreme gore through its AI technology despite current usage policies prohibiting such materials. This move has raised concerns about privacy violations and abuse of AI technology.
Full articleSummary: Zacks.com analyzes factors affecting the near-term performance of McDonald's (MCD) stock, including earnings estimates revisions, projected revenue growth, last reported results, surprise history, and valuation metrics.
Full articleSummary: Disney and Warner Bros. Discovery are collaborating on a streaming bundle that includes Disney Plus, Hulu, and Max for the US market. The bundle will be available for purchase this summer with ad-supported or ad-free options.
Full articleSummary: Stocks ended mixed with Dow Jones up 0.4%, S&P 500 flat, and Nasdaq down 0.2%. Weakness in megacaps and tech, while strength seen in banks and utilities. Tesla and Uber declined on negative news, while Lyft and Teva Pharmaceutical saw gains.
Full articleSummary: ServiceNow announced collaboration with IBM to accelerate the impact of generative AI across the enterprise by integrating IBM watsonx with the Now Platform to boost productivity for mutual customers and partners. The new integration will allow customers to connect their ServiceNow workflows to models trained within watsonx.ai and IBM's large language models.
Full articleSummary: Pfizer Inc (NYSE:PFE) recently announced a dividend of $0.42 per share, payable on 2024-06-14, with the ex-dividend date set for 2024-05-09. The company has maintained a consistent dividend payment record since 1986, increased its dividend each year since 2010, and has a 5-year yield on cost of approximately 7.14% based on its dividend yield and growth rate. However, as of 2024-03-31, Pfizer Inc's dividend payout ratio is 1.16, suggesting that the sustainability of the dividend may be questionable.
Full articleSummary: Microsoft plans to restart performance-based raises for some employees during this year's review cycle after freezing salaries last year.
Full articleSummary: Emerson, a global technology and engineering company, appoints Calvin Butler, CEO of Exelon, to its Board of Directors effective August 1, 2024. Butler's extensive experience in the energy sector aligns with Emerson's strategic focus on energy security and transition markets, aiming to enhance shareholder value and strengthen governance.
Full articleSummary: Eli Lilly and Company (NYSE:LLY) stock fell 0.2% during trading on Wednesday. Several research analysts have a positive outlook on the company, with raised target prices and buy ratings. The company also beat earnings estimates for the quarter and announced a quarterly dividend.
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