Summary: Charles Schwab Corp (NYSE:SCHW) announced a dividend of $0.25 per share, highlighting its consistent dividend history, yield, and growth rates. The company operates in brokerage, wealth management, banking, and asset-management businesses with over $8 trillion of client assets. Charles Schwab Corp has been increasing its dividend annually since 1989 and has sustainable payout ratios and solid profitability and growth metrics.
Full articleSummary: Samsung partners with IBM to enhance mobile device security by integrating Samsung Knox into IBM Security QRadar Suite, providing added visibility and threat response capabilities for enterprise customers.
Full articleSummary: Emerson reported better-than-expected second quarter EPS and revenue results. However, their Q3 2024 EPS guidance is slightly below analyst consensus.
Full articleSummary: Emerson Electric Co. reported fiscal second-quarter profit of $501 million, beating Wall Street expectations in both earnings and revenue.
Full articleSummary: The Gap, Inc. has appointed Fabiola Torres, a seasoned business executive, as its new global chief marketing officer. Torres is tasked with rejuvenating Gap's brand and bringing it back to its former prominence.
Full articleSummary: 2seventy bio, Inc. reported financial results for the first quarter of 2024, focusing on Abecma, seeking to impact more patients and return to commercial growth. They completed the sale of their R&D business to Regeneron and obtained FDA approval for Abecma. Total revenues decreased compared to the same period last year, and the net loss increased. Cash reserves are at $181.4 million with runway beyond 2027.
Full articleSummary: Alphabet (NASDAQ: GOOG, GOOGL) has shown strong performance in its digital advertising business and AI capabilities, with a 60% increase in stock value in the last twelve months, a 15% rise in revenue in Q1 2024, and a substantial growth in AI cloud business.
Full articleSummary: Più di otto italiani su dieci pagano online bollette e spese legate alla pubblica amministrazione, con una crescita significativa nell'utilizzo di PayPal. PayPal in Italia continua a crescere soprattutto grazie al pagamento di bollette e spese pubbliche. A livello globale, l'azienda sta puntando sulle piccole imprese e sull'innovazione tecnologica. Il nuovo CEO ha annunciato un cambio di rotta per guidare la crescita in modo profittevole.
Full articleSummary: Limited moves in major market averages on Wednesday morning with higher yields. The Nasdaq Composite and S&P 500 saw small changes while the Dow was flat. The 10-year Treasury yield rose to 4.47% and the 2-year yield was up to 4.84%. Mixed market performance on Tuesday due to Disney slump offsetting gains in defensive stocks.
Full articleSummary: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has shown a strong turnaround in its digital advertising business and AI capabilities, with impressive Q1 2024 results indicating substantial growth potential in AI services. The company's cost-cutting measures and focus on profitability further enhance its outlook, making Alphabet one of the best-valued stocks in the AI market according to valuation metrics.
Full articleSummary: Emerson reported strong second-quarter results, exceeding expectations with sales growth, margin expansion, and earnings. The company updated its full-year outlook for fiscal 2024, expecting growth in net sales and adjusted earnings per share. Emerson also declared a quarterly cash dividend.
Full articleSummary: Emerson announced the election of Calvin Butler, President and CEO of Exelon, to its Board of Directors effective August 1, 2024. Butler brings significant energy industry experience and expertise in energy transition markets. Emerson is optimistic about capturing opportunities, driving the company forward, and creating shareholder value with Butler's addition to the board.
Full articleSummary: Merck (NYSE: MRK) executive vice president and CFO will participate in a fireside chat at the Bank of America Securities 2024 Healthcare Conference on May 15, 2024. The company is focused on research to deliver health solutions for people and animals.
Full articleSummary: Merck announced that their CFO will participate in a fireside chat at the Bank of America Securities 2024 Healthcare Conference. The company highlighted their commitment to developing medicines and vaccines to improve lives globally.
Full articleSummary: Salesforce CEO Marc Benioff has been selling significant amounts of company stock in multiple transactions, reducing his holdings. Hedge funds and analysts have been active in regards to Salesforce stock. The company posted strong earnings results recently and pays a quarterly dividend.
Full articleSummary: Citigroup raised price target for Frontier Communications Parent from $30.00 to $32.00 with a buy rating. Various other equity research analysts also issued positive reports on the stock, leading to a consensus price target of $29.13. Frontier Communications Parent's stock trading down 1.8% after the news.
Full articleSummary: Costco Korea will open its first warehouse store in Iksan in North Jeolla with an investment of 80 billion won by the end of 2025. The new store aims to serve residents in the southwestern region of the North and South Jeolla provinces, where Costco currently does not have a presence. The opening is expected to create around 200 jobs and potentially boost the local economy.
Full articleSummary: Dutch Bros Inc. (BROS) saw a positive reaction from Wall Street, as their shares jumped after raising revenue outlook for the year and reporting an increase in sales, driven by new drink launches. Despite a volatile economic backdrop, the company's stock surged more than 8% after hours on Tuesday.
Full articleSummary: Caterpillar Inc released its 2023 Annual Report showing an increase in total sales and profit in Resource Industries due to favourable price realisation, despite lower sales volume. The company anticipates lower sales volume in 2024 for mining and heavy construction due to customer capital discipline. Caterpillar has achieved 10 years of autonomous operations and offers various autonomous solutions. It also focuses on operating with alternative fuels and advancing electrification.
Full articleSummary: Warren Buffett has delivered close to a 4,900,000% aggregate return to Berkshire Hathaway's Class A shareholders over nearly six decades. The annual shareholder meetings draw around 40,000 investors each year.
Full articleSummary: Pfizer reports the death of a patient in the Phase II DAYLIGHT study of experimental gene therapy for Duchenne muscular dystrophy, pauses dosing in Phase III CIFFREO trial, and collaborates with regulators to investigate the cause of the patient's death. The company has reported a decrease in net income in the first quarter of 2024.
Full articleSummary: Ford is considering restricting the sale of combustion engine vehicles in the UK to meet EV sales targets set by the UK government. Failure to comply could lead to hefty fines, prompting automakers to prioritize selling BEVs over other propulsion types.
Full articleSummary: Victory Capital Management Inc. reduced its holdings in Capital One Financial by 16.0% in the fourth quarter, selling 40,885 shares. Several other large investors also made changes to their positions. Analysts have recently upgraded their ratings on COF, with a consensus rating of 'Hold'. Recent earnings report showed a net margin of 10.19% and a return on equity of 9.74%. The company announced a quarterly dividend of $0.60, representing a yield of 1.68%. Insider Timothy P. Golden sold 8,656 shares of stock. Capital One Financial operates as a financial services holding company for Capital One, National Association.
Full articleSummary: Kestra Private Wealth Services LLC increased its holdings in Blackrock Flexible Income ETF by 16.9% in the fourth quarter. Other institutional investors also modified their holdings, with several acquiring new stakes. The stock price of Blackrock Flexible Income ETF has been relatively stable.
Full articleSummary: Van ECK Associates Corp increased its position in BNY Mellon Strategic Municipal Bond Fund by 14.7% in the fourth quarter, now owning 376,578 shares worth $2,150,000. Other institutions like Advisor Partners II LLC and Ackerman Capital Advisors LLC have also bought new positions or increased their stakes in the company. BNY Mellon Strategic Municipal Bond Fund offers a monthly dividend of $0.018.
Full articleSummary: Intel has issued a new statement regarding stability issues associated with 13th Gen and 14th Gen Core K-Series CPUs, recommending not to use 'Baseline Profiles' introduced by certain motherboard makers and instead implement 'Default Settings' for higher power settings.
Full articleSummary: Boeing 767 cargo plane crashes in Turkey due to landing gear failure, increasing woes for Boeing already under intense scrutiny over safety concerns and recent whistleblower deaths.
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