Summary: The US has revoked licenses of companies like Intel and Qualcomm to ship chips to Huawei, impacting Huawei's reliance on Intel chips and US suppliers, potential harm to Intel and Qualcomm's revenue, and the broader implications on US-China technology relations and national security measures.
Full articleSummary: Maria J. Dreyfus joins ExxonMobil's Board of Directors, bringing her experience from Ardinall Investment Management and Goldman Sachs.
Full articleSummary: Victory Capital Management Inc. increased its stake in MetLife, Inc. during the fourth quarter. Several other hedge funds and institutional investors also bought shares of MetLife. MetLife announced a share repurchase program and an increased dividend. Insider selling transactions were reported, and analyst ratings have been mostly favorable.
Full articleSummary: Kestra Private Wealth Services LLC increased its position in Schwab Emerging Markets Equity ETF by 13.1% in the fourth quarter, while several other institutional investors have also modified their holdings of the company's stock. Schwab Emerging Markets Equity ETF has a market cap of $8.80 billion and a price-to-earnings ratio of 11.89.
Full articleSummary: Van ECK Associates Corp increased its stake in BlackRock Municipal Income Quality Trust by 12.1% during the 4th quarter, while other institutional investors also adjusted their holdings. The company announced a monthly dividend of $0.052 per share with an annualized dividend yield of 5.55%.
Full articleSummary: The Hackett Group (HCKT) reported solid Q1 results with total revenues of $77.2 million and adjusted EPS at $0.39, aligning with guidance. Strong performance in Oracle and SAP segments led by robust demand for enterprise performance management solutions. Company optimistic about future growth driven by GenAI initiatives and AI Explorer platform.
Full articleSummary: Analysts at Bank of America believe the rally in Chinese stocks, including the Hang Seng index and KraneShares CSI China Internet ETF, may continue due to lack of strong demand for buying call options and potential room for trend followers to keep buying.
Full articleSummary: Alsea, the hospitality group, reported a slight sales decline for its licensed Starbucks stores in Europe as consumers boycott American brands due to tensions in the Middle East.
Full articleSummary: John Deere collaborates with software supplier New Eagle to provide OEMs with a complete open-platform solution integrating hardware with streamlined software, enhancing versatility and reducing costs and time to market.
Full articleSummary: Van ECK Associates Corp increased its position in BNY Mellon Strategic Municipals by 14.3% during the fourth quarter, contributing to a rise in ownership shares. Multiple other hedge funds and institutional investors also added to their stakes in the company. BNY Mellon Strategic Municipals recently announced a monthly dividend and has a dividend yield of 3.77%.
Full articleSummary: Warren Buffett disclosed that Berkshire Hathaway sold around 115 million shares of Apple, sold all shares of Paramount Global, and around 3 million shares of Chevron in the first quarter. Despite the sales, Buffett mentioned that Apple remains a long-term holding for Berkshire Hathaway, while Paramount Global struggles with declining ad revenue and losses in its streaming segment, and Chevron seems to be benefiting from tight global supply of crude oil and its diversified business structure.
Full articleSummary: Rivian Automotive reported a worse-than-expected loss in Q1, despite revenue increasing by 80%. The company also lost over $38,000 per vehicle delivered. Speculation arose about Apple potentially partnering with Rivian, causing the stock to decline.
Full articleSummary: Boeing Co's Starliner space capsule's crewed test flight, carrying Indian-American Sunita Williams, delayed to replace a pressure valve on its booster rocket. The much-awaited test flight is a part of Boeing's efforts to compete with SpaceX for NASA business.
Full articleSummary: RTX extended its sponsorship of the Abu Dhabi University (ADU) Undergraduate Research and Innovation Competition for two more years, emphasizing its commitment to fostering local talent development and investing in STEM education in the UAE. The competition, hosting students from across the GCC, wider MENA region, and the world, will introduce five new fields this year. The 11th edition will take place on May 23, 2024, with participants from universities in the UAE and globally.
Full articleSummary: Atria Wealth Solutions Inc. reduced its holdings in BlackRock MuniYield Quality Fund III by 4.4% in the 4th quarter. Several other institutional investors also made changes to their positions in MYI. BlackRock MuniYield Quality Fund III announced a monthly dividend of $0.0555, yielding 5.96% annually.
Full articleSummary: Analysts are bullish on WillScot Mobile Mini Holdings (WSC) and Honeywell International (HON) in the Industrial Goods sector. WillScot Mobile Mini Holdings received a Strong Buy rating with a price target of $50.00. Honeywell International has a Moderate Buy rating with a $224.50 average price target.
Full articleSummary: Analysts provided ratings and price targets for Amgen, Crinetics Pharmaceuticals, and Alignment Healthcare in the healthcare sector.
Full articleSummary: Major indices turned in a mixed performance on Tuesday with the Dow Jones up 0.08%, S&P 500 up 0.13%, and Nasdaq down 0.10%. Market sentiment was elevated by positive nonfarm payrolls data. Disney posted better-than-expected quarterly results, Palantir shares were down on weak guidance, and Peloton stock rallied on buyout news.
Full articleSummary: Citigroup stock closed slightly higher in the most recent trading session, outperforming S&P 500. Analysts expect a decline in earnings for the upcoming report. The stock is currently rated as a Hold by Zacks Rank.
Full articleSummary: Cisco Systems CEO Chuck Robbins emphasizes the company's strong focus on artificial intelligence to prevent missing out on opportunities, with investments in AI products and acquisitions like Splunk. The company aims to create a more stable revenue model and expand its presence in the cybersecurity market.
Full articleSummary: Booking.com faces growing competition from Airbnb in the non-hotel accommodation segment, with Airbnb having 4.85 million listings compared to Booking.com's 5 million listings. Booking.com acknowledges the need to catch up in the U.S. market.
Full articleSummary: ConocoPhillips uses Mendix, a low-code platform, to increase efficiency and cut costs, becoming the first major oil and gas producer to adopt such technology company-wide.
Full articleSummary: Honeywell has agreed to acquire Datamax-O’Neil, a global manufacturer of fixed and mobile printers, for $185 million with the transaction expected to close in the first quarter of 2015.
Full articleSummary: Several studios in Xbox's division, including Arkane Austin, will be shut down, resulting in layoffs. The exact number of individuals affected is unknown.
Full articleSummary: PepsiCo is expanding its global reach by acquiring South Africa's Pioneer Foods to use as a platform for further expansion into Africa. This move marks the largest acquisition for PepsiCo in the last decade and signals the company's intent to increase its international presence. The acquisition is expected to enhance PepsiCo's ability to navigate local markets and regulations in Africa.
Full articleSummary: Apple introduces new Apple Pencil Pro with rotation detection via gyroscope, squeezable feature, haptics, and magnetically charging capability. Also launches an all-new Magic keyboard with function row, aluminum deck, and larger trackpad with haptic feedback.
Full articleSummary: Cisco has scheduled a conference call to announce its third quarter fiscal year 2024 financial results for the period ending Saturday, April 27, 2024. Financial results will be released on May 15, 2024, after the market close.
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