Summary: Pfizer Inc. has received approval for a bivalent RSV vaccine to combat lower respiratory tract disease (LRTD) caused by RSV A and RSV B in individuals aged 60 and above and infants, with plans for availability in Hong Kong by August 2024 and Macau by June 2024.
Full articleSummary: Citigroup Inc delays plans for U.S. employees returning to offices due to rising COVID-19 cases in several states.
Full articleSummary: Stocks were fluctuating today as investors reacted to cooling bond yields and Walt Disney's sharp post-earnings move. The Dow extended its winning streak to five sessions, its longest since December, while the S&P 500 closed slightly up and the Nasdaq ended in the red. The Cboe Volatility Index (VIX) posted its fourth loss in five sessions.
Full articleSummary: ConocoPhillips forecasts a slowdown in oil demand growth due to the impact of China's coronavirus epidemic, resulting in lower projections for 2020. The CEO expects a build-up in oil storage which will put pressure on prices.
Full articleSummary: Danaher Corporation announced a regular quarterly cash dividend of $0.27 per share of its common stock.
Full articleSummary: Crayon has been chosen as an authorized Broadcom Cloud Commerce Manager (CCM) provider for VMware Cloud Service Provider (VCSP) partners in the Asia Pacific region, offering support services for various countries including Australia, New Zealand, and Singapore.
Full articleSummary: The S&P 500 and Dow Jones closed slightly higher, extending gains on expectations of Federal Reserve rate cuts. Despite Walt Disney's decline, the market was buoyed by weak labor market data and better-than-expected earnings. Traders are anticipating rate cuts by the end of 2024.
Full articleSummary: Honeywell's 2024 USB Threat Report highlights the increasing cyber threat of 'silent residency' and 'living off the land' attacks using USB devices on industrial and critical infrastructure facilities, with malware capable of causing disruptions to operations. The report underscores the severe risk posed by USB-borne malware.
Full articleSummary: Apple held a virtual product launch event 'Let Loose' where they announced new updates to their iPad lineup, including a new OLED iPad Pro, a new iPad Air, a new Apple Pencil Pro, and a new Magic Keyboard. The event showcased the enhanced features of the new products, such as the M4 chip in the iPad Pro and the larger size of the iPad Air.
Full articleSummary: Stocks saw modest strength throughout most of the trading session on Tuesday, benefiting from renewed optimism about interest rates. However, buying interest waned in the afternoon after comments from Minneapolis Fed President led to concerns. Disney (DIS) reported better-than-expected earnings but its stock fell sharply. Major European and Asian markets saw gains, while the U.S. bond market saw yields dip.
Full articleSummary: The energy transition is expected to drive growth in the clean technologies industry in the US as higher electricity demands for technology and EV charging surge, supported by government incentives like the Inflation Reduction Act (IRA). Analysts are bullish on First Solar (FSLR) due to its strong domestic supply chain, Vernova (GEV) for its expanding market opportunities, and NextEra Energy (NEE) for its focus on renewables and potential benefits from increased electricity needs.
Full articleSummary: Kiniksa Pharmaceuticals, Ltd. (Nasdaq: KNSA) will participate in a fireside chat at the Bank of America Securities 2024 Healthcare Conference on May 14, 2024.
Full articleSummary: Cisco Systems will release its quarterly earnings data with analysts expecting $0.71 per share. The company recently reported $0.87 earnings per share for the previous quarter, beating estimates. Insiders have been selling shares while the company increased its dividend.
Full articleSummary: Starbucks reported a 2% decline in revenue and missed earnings expectations, primarily due to declining traffic in North America and major investment markets like China. Amazon's operating margin grew over 200% year-over-year to over 15 billion, driven by strength in its ad business and cost-cutting measures. McDonald's launched CosMc's, a space-themed beverage outpost, to experiment with beverage innovation and cater to a younger demographic.
Full articleSummary: Intuit (NASDAQ:INTU) was downgraded from a "buy" rating to a "hold" rating by StockNews.com. Despite the downgrade, several other analysts have given the stock a "buy" or an "outperform" rating, with an average target price of $650.23. Insiders have been actively selling shares, and institutional investors have both increased and decreased their stakes in the company.
Full articleSummary: Disney reported a net loss for its fiscal second quarter but achieved profitability in streaming businesses, CEO Bob Iger expressed bullish sentiment about ESPN integration and succession planning for his role, Disney's parks strength and cruise business opportunities drove earnings.
Full articleSummary: MetLife (MET) is currently considered a strong value stock by investors due to its Zacks Rank of #2 (Buy) and high grades in various valuation metrics such as P/E ratio, PEG ratio, P/B ratio, P/S ratio, and P/CF ratio. The company appears to be undervalued compared to its industry peers.
Full articleSummary: Microsoft deployed a new GPT-4-based generative AI model specifically for U.S. intelligence agencies to analyze top-secret information in an isolated environment disconnected from the internet. The model aims to prevent classified data from being absorbed into the platform and is undergoing testing and accreditation by the intelligence community.
Full articleSummary: Today's research calls on Wall Street include upgrades for Sunstone Hotel (SHO), Omnicom (OMC), Insulet (PODD), Gap (GPS), and Target (TGT) as well as downgrades for CVS Health (CVS), Integra LifeSciences (IART), Teradata (TTD), and Lyra Therapeutics (LYRA).
Full articleSummary: Cisco has appointed David Meads as Vice President for the Middle East, Africa, Romania, and Commonwealth of Independent States (CIS), responsible for strategy and commercial operations. Meads brings three decades of experience and deep industry expertise to the role.
Full articleSummary: WPP's bespoke agency OpenX's relationship with Coca-Cola seems positive, focusing on capturing heartwarming human moments through advertising.
Full articleSummary: Cullen Frost Bankers Inc. reduced its holdings in Honeywell International Inc. by 4.6% in the 4th quarter, selling 7,409 shares and owning 154,216 shares worth $32,341,000. Other large investors also adjusted their stakes. Several research reports on HON have been issued with varying ratings, including upgrades to 'buy' and target price increases. There have been insider sales as well.
Full articleSummary: The Chinese government is likely to support Tesla's local testing of robotaxi, but has not immediately approved its widespread use of FSD features. Tesla CEO Elon Musk hinted at FSD's entry into China soon during his recent visit. Tesla has partnered with Baidu for mapping and navigation features to launch advanced assisted driving in China as part of its self-driving service.
Full articleSummary: Warren Buffett advises the average person to invest in the S&P 500 index fund rather than picking individual stocks, emphasizing the long-term growth potential and cost-effectiveness of the index fund compared to stock picking.
Full articleSummary: Chase-Pitkin, a dominant Rochester-area home-and-garden store, grew to a regional chain of 14 stores but succumbed to competition from industry giants Home Depot and Lowe's. Wegmans, the owner of Chase-Pitkin, eventually refocused on its grocery business, leading to the closure of Chase-Pitkin stores.
Full articleSummary: Kraft Heinz India appoints Nayeema Kouser as Director of GBS Global Capabilities Centre, she brings diverse experience in FMCG, IT services, Banking, and Reinsurance, and aims to drive organization towards growth and success.
Full articleSummary: Booking Holdings Inc.'s stock received a 'market outperform' rating from JMP Securities with a price target of $3,950.00, indicating a potential upside of 9.56%. Various research firms have given bullish ratings on BKNG stock. CEO Glenn D. Fogel sold shares, while large investors like LPL Financial LLC and Crestwood Advisors Group LLC modified their holdings.
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