Summary: Berkshire Hathaway led by Warren Buffett sold around 115 million shares of tech stock Apple and completely liquidated their position in media titan Paramount Global in the first quarter, while also trimming around 3 million shares of energy juggernaut Chevron. Buffett cited reasons such as front-running potential tax rate changes in Washington for the Apple sales and challenges in the media and energy sectors for Paramount Global and Chevron.
Full articleSummary: Financial giants have shown a bearish move on PayPal Holdings with 30% bullish and 46% bearish traders identified through unusual trades in options history. Analysts present a mixed sentiment with target prices ranging from $65 to $82.
Full articleSummary: Carlos Pagoaga has been named the new president of the Coca-Cola Foundation, succeeding Saadia Madsbjerg. Pagoaga, a 34-year company veteran, will also be the vice president of global community affairs, with responsibilities including grant-making and overseeing operations.
Full articleSummary: Medtronic's stock closed slightly down at $76.12, reflecting a relative underperformance against major indices. Analysts are expecting a decrease in EPS and an increase in revenue for the forthcoming earnings report.
Full articleSummary: IBM and SAP announced collaboration for new generative AI capabilities and industry-specific cloud solutions.
Full articleSummary: Nike ACG has revived its early 2000s classic shoe, the Watercat+, for the Spring/Summer 2024 season in an objectively gorgeous “Vapour Green” colorway, making it a perfect summer companion with unique features like quick-drying upper and mixed-rubber outsole.
Full articleSummary: Sam Altman's nuclear company Oklo has won investor approval for its SPAC listing on NYSE with a valuation of $850 million. The company aims to deploy advanced fission power plants to provide clean energy for data centers, collaborating with Diamondback Energy for a power purchase agreement.
Full articleSummary: A Tesla Cybertruck owner tried to demonstrate the safety of the 'frunk' closing mechanism by placing his finger in its path, resulting in an injury despite the warnings in the owner's manual. The incident highlights the risks of not following safety instructions.
Full articleSummary: IBM and SAP announced a collaboration to develop new generative AI capabilities and industry-specific cloud solutions.
Full articleSummary: Nutanix's stock rises on analyst upgrade and expectation of gaining customers from rival VMware.
Full articleSummary: Goldman Sachs appointed the former president of the Federal Reserve Bank of Dallas, Robert Kaplan, as its vice chairman. Kaplan's new role adds an influential former policymaker and Goldman alum to its management committee. Kaplan, 66, previously worked at Goldman Sachs from 1983 to 2006.
Full articleSummary: President Joe Biden will visit Wisconsin to announce Microsoft Corp's $3.3 billion high-tech data center, creating thousands of jobs. Biden aims to shore up support among Black voters ahead of the Nov. 5 presidential election.
Full articleSummary: Carlos Pagoaga has been appointed as the new Vice President of Global Community Affairs for The Coca-Cola Company and President of The Coca-Cola Foundation, succeeding Saadia Madsbjerg. Pagoaga has extensive experience with the company and will bring insights to his expanded role. The Coca-Cola Foundation focuses on sustainable access to safe water, climate resilience, circular economy, economic empowerment, and supporting hometown communities.
Full articleSummary: BlackRock and other financial companies are experimenting with a new type of 401k that includes a monthly check to help address the looming retirement crisis caused by an aging population.
Full articleSummary: Medtronic issued an urgent field safety notice in Europe regarding battery cap compatibility issues with the MiniMed 780G insulin pump, warning that the incorrect battery cap could lead to power loss and stoppages in insulin delivery.
Full articleSummary: Citigroup sold shares of Vodafone Idea worth over Rs 233 crore through an open market transaction, while Ghisallo Master Fund LP acquired shares at the same price.
Full articleSummary: The US government has allegedly revoked Qualcomm's and Intel's licenses to sell chips to Huawei, which may prevent Huawei from using chips from these companies in their laptops going forward.
Full articleSummary: Wall Street stalwarts are intensifying their commitment to putting assets on distributed ledgers with JPMorgan Chase and Visa joining the project to test the feasibility of tokenising cash and other assets, in an effort to upgrade the global financial system.
Full articleSummary: Apple made several subtle AI announcements at its iPad Air and iPad Pro event, including mentioning AI on eight different occasions, showcasing the powerful M4 chip for AI tasks, introducing AI-powered Session Players in Logic Pro 2 app, using AI to help scan documents with iPad Pro, highlighting AI capabilities of iPad Air 6, and emphasizing the potential for AI features in iPadOS.
Full articleSummary: Cisco has appointed David Meads as Vice President for the Middle East, Africa, Romania, and Commonwealth of Independent States. Meads will be responsible for Cisco’s strategy and commercial operations in the region. With over three decades of experience, Meads brings deep industry and technology expertise to the role.
Full articleSummary: Wall Street had a winning session following positive U.S. jobs data and Fed Chairman Jerome Powell's remarks on interest rates. Disney shares fell over 10% due to a revenue miss but exceeding earnings expectations, Palantir's stock plunged roughly 14.5% on weak guidance, while Peloton's stock jumped over 13.5% on buyout talks by private equity firms.
Full articleSummary: Investors can generate stock ideas by thinking like consumers, considering companies they shop at. Two top retail stocks, Costco and Home Depot, are examined for portfolio inclusion based on their business models, industry dominance, and valuations.
Full articleSummary: Analysts are expecting rising profit estimates for certain companies, leading to a potential rally in their stock prices.
Full articleSummary: Several stocks are rallying on the back of rising profit estimates, with companies like Nvidia, Alphabet, Amazon.com seeing an uptrend. Nvidia is expected to report a substantial increase in profits, leading to a consolidation with a buy point of 974 and an EPS Rating of 99. Alphabet, along with Amazon.com, is also experiencing a rally due to anticipated profit growth.
Full articleSummary: Bangladesh's government has partnered with Oracle for the creation of the dedicated sovereign cloud infrastructure, utilizing OCI to support critical systems and digital transformation initiatives. The OCI Dedicated Region provides agility, cost benefits, AI capabilities, and access to over 100 cloud services, helping Bangladesh enhance its digital infrastructure and cybersecurity readiness.
Full articleSummary: Colgate-Palmolive had its RS Rating upgraded from 78 to 81. The company is now considered extended and out of buy range.
Full articleSummary: Emerson Electric (EMR) received an upgrade on its Relative Strength Rating from 78 to 82. The company is now considered extended and out of buy range after showing strong earnings growth and mixed revenue gains. It holds the No. 4 rank in its industry group.
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