Summary: BMO Equal Weight US Bank ETF traded on TSX gained 0.84% with a market capitalization of $0.00 and saw price advancers exceed declines, while TSX Composite and major US indices closed mixed. Company's shares have performed well over the past year.
Full articleSummary: Cullen Frost Bankers Inc. reduced its holdings in Bristol-Myers Squibb by 12.6% during the fourth quarter. Other institutional investors also made changes to their positions. In terms of analyst ratings, Bristol-Myers Squibb's stock was downgraded from 'buy' to 'neutral' by multiple analysts recently. The company reported a positive EPS for the last quarter, beating estimates.
Full articleSummary: Dover Corporation is set to participate in the 2024 Bank of America Securities Transportation, Airlines, and Industrials Conference, where its President and CEO will be presenting.
Full articleSummary: Pfizer announced the appointment of Andrew Baum, M.D., as Chief Strategy and Innovation Officer, Executive Vice President. Dr. Baum will lead strategic planning, portfolio analysis, business development, and strengthen partnerships with the biotech ecosystem at Pfizer.
Full articleSummary: Merck (MRK) CFO to participate in fireside chat at Bank of America Securities 2024 Healthcare Conference.
Full articleSummary: Rashida La Lande, Chief Legal and Corporate Affairs Officer at Kraft Heinz Co, sold 10,140 shares of the company's stock in a recent transaction, which was disclosed in a Form 4 filing with the Securities and Exchange Commission. The transaction totaled $364,552 at a weighted average price of $35.9519 per share. La Lande now holds 158,266 shares after the sale.
Full articleSummary: Apple Studios is facing a lawsuit for violating California labor laws on the set of Palm Royale, allegedly not paying background actors properly and not providing legally-mandated meal breaks.
Full articleSummary: Salesforce stock fell 10.7% in April due to unfavorable market conditions and displeasure over potential acquisition of Informatica. Reports of the acquisition have raised concerns about diluting product quality and competitive strength, leading to skepticism from investors.
Full articleSummary: Dow Jones Industrial Average (DJIA) recovered from an early dip and climbed to an intraday high above 39,000.00 while other US indexes were down, investors focused on Fed outlook for rate cuts.
Full articleSummary: A report from Cordavis, a CVS Healthspire company, outlined the challenges faced in the development and commercialization of biosimilars in the US and how efforts are being made to improve access and affordability of these products.
Full articleSummary: Skepta has left Nike and joined Puma, launching his first sneaker collaboration with Puma called Skepta x Puma Forever ‘Black’.
Full articleSummary: President Joe Biden criticized Donald Trump over a failed project in Wisconsin and touted new economic investments under his administration, including a new Microsoft data center in the state. Biden highlighted the job creation potential of the $3.3 billion data center and took jabs at Trump for unfulfilled promises.
Full articleSummary: Enthusiasm surrounding artificial intelligence (AI) has driven shares of Super Micro Computer (NASDAQ: SMCI) and SoundHound AI (NASDAQ: SOUN) higher, with analysts forecasting big gains for shareholders. Super Micro Computer has been set with a price target of $1,500 per share, and SoundHound AI with a price target of $9.50 per share. Investors are advised to consider buying small positions in both companies.
Full articleSummary: Disney exceeded analyst estimates in its fiscal second quarter earnings and reported profitability in streaming services for the first time. However, shares dropped 10% due to underwhelming overall revenue performance and soft third-quarter guidance for the experiences segment.
Full articleSummary: The death of a 35-year-old Bank of America associate has sparked conversations about the intense working conditions faced by many investment bankers, leading to calls for strike to demand more reasonable work hours. This incident has highlighted concerns about long hours, strained relationships with managers, and adverse impacts on mental and physical health.
Full articleSummary: ExxonMobil is closing its Research and Engineering facility in Hunterdon County, impacting nearly 600 employees who will be relocated to a new technology hub in Houston.
Full articleSummary: The United States has revoked licenses for companies, including Intel and Qualcomm, to supply chips to Huawei, affecting their ability to power laptops and handsets, leading to potential negative impacts on Huawei and U.S. suppliers. The move comes after Huawei's recent release of an AI-enabled laptop powered by Intel chips, prompting backlash from Republican lawmakers.
Full articleSummary: National Pension Service increased its position in United Parcel Service, Inc. by 1.9% in the fourth quarter, according to recent filings. Several other hedge funds and institutional investors also added to their stakes in UPS. The stock traded up 0.5% and analysts forecast growth for the company.
Full articleSummary: NDP Leader Jagmeet Singh criticizes the federal Liberals for providing nearly $26 million to Costco and Loblaw for energy-efficient appliances, funded by the low-carbon economy fund, intended for emission reduction projects. The Conservatives accuse Singh of hypocrisy for supporting the subsidies to grocery corporations amidst economic struggles.
Full articleSummary: Realty Income Corporation reported strong Q1 2024 earnings results with a focus on diversification, solid portfolio health, and strong balance sheet and access to capital.
Full articleSummary: A Boeing 767 cargo plane belonging to FedEx crashed upon landing in Turkey after its landing gear failed, but thankfully no one was injured. The incident led to the closure of the runway temporarily. The Ministry of Transportation and Infrastructure of Turkey has initiated an investigation into the matter.
Full articleSummary: Elon Musk provided an update on Tesla's Full Self-Driving software, indicating upcoming releases like FSD v12.4 with retrained models and improvements for driver comfort. He mentioned future updates 12.5 and 12.6 are in testing phases, including handling complex driving scenarios. Musk hinted at v12.4 being released to Tesla fleet as soon as next week.
Full articleSummary: Gap has reinstated its chief marketing officer position and hired Fabiola Torres from PepsiCo, responsible for a global remit, as part of its turnaround plan. This move comes amidst a strategy refresh to revive sales and recapture past success. Gap Inc. has also been focusing on innovative marketing and product range revitalization.
Full articleSummary: USAID and The Coca-Cola Foundation have launched the Nigeria Plastic Solutions Activity (NPSA) to combat plastic pollution and promote sustainable development in Nigeria. The initiative aims to recover 49,000 metric tons of plastic waste, create over 10,000 green jobs, and drive circularity in plastic waste management.
Full articleSummary: BNY Mellon Municipal Income Fund, Inc. (NYSE: DMF) declared a distribution of $0.019 per share of common stock, payable on June 28, 2024 to shareholders of record at the close of business on June 14, 2024. The increase in distribution is primarily due to higher yields earned on the Fund's investments.
Full articleSummary: Exxon Mobil Corporation and Chevron Corporation are engaged in a high-stakes dispute over oil assets in Guyana, with Exxon claiming right of first refusal over Hess Corp.'s assets. Both companies offer attractive dividend yields but have faced financial challenges due to macroeconomic turmoil.
Full articleSummary: Charles Schwab Investment Management Inc. increased its stake in Thermo Fisher Scientific Inc., several other large investors also bought shares, the company reported strong earnings and increased dividend. Wall Street analysts have given the stock various ratings with a moderate buy consensus.
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