Summary: Intel has partnered with AfriLabs to launch the Intel AI Programme for African deep-tech startups in Nairobi, aimed at propelling the Kenyan deep-tech space.
Full articleSummary: Nike is releasing new colorways for its Kobe line of sneakers, including the 'Italian Camo' and 'Eggplant' pairs, with the latter featuring LA Lakers' signature colors and Metallic Gold accents. The Nike Kobe 5 Protro 'Eggplant' is projected to arrive in Spring 2025 with an RRP of US$190.
Full articleSummary: NextEra Energy, Inc. announced the appointment of Kirk Crews as executive vice president and chief risk officer, and Brian Bolster as executive vice president, finance, and CFO. Both will be members of the senior leadership team reporting to the CEO, indicating a focus on growth opportunities in the energy sector.
Full articleSummary: Everpar Advisors LLC purchased a new stake in shares of Philip Morris International Inc. in the fourth quarter, while several other hedge funds also increased their positions in the company. Insiders have been actively selling shares, and analysts have given mixed ratings for the stock.
Full articleSummary: Anglo Asian Mining's subsidiary secures $3.7 million vendor financing facility with Caterpillar Financial Services Corporation for the new Gilar mine in Azerbaijan.
Full articleSummary: Apple announced new iPad Air and iPad Pro models with improved features such as OLED displays and a new Apple Pencil Pro offering enhanced functionalities, as well as compatibility with the Procreate app. The Apple Pencil Pro comes with advanced features like barrel sensors, haptics, and enhanced control over art tools.
Full articleSummary: Red Hat, Inc. and Oracle announced the general availability of Red Hat OpenShift on Oracle Cloud Infrastructure Compute Virtual Machines, offering a distributed cloud of 69 regions and counting.
Full articleSummary: Pfizer pauses dosing in a phase 3 trial after the death of a young boy with Duchenne muscular dystrophy (DMD) who was treated with the experimental gene therapy PF-06939926. Pfizer is reviewing safety data to understand the incident. The gene therapy is being studied in boys with DMD.
Full articleSummary: Everpar Advisors LLC purchased a new position in Intuit Inc. in the 4th quarter, with other large investors also increasing their holdings. Insider activity includes recent sales by CAO Lauren D. Hotz and EVP Alex G. Balazs. Intuit reported trading up 1.0%, with Wall Street analysts forecasting growth and a recent quarterly dividend declaration.
Full articleSummary: The report provides detailed analysis of the Telecom Towers Market, including key players, market segmentation, growth analysis, and future forecasts up to 2031.
Full articleSummary: Spain's Amadeus reported a 20% increase in adjusted net profit for the first quarter as bookings grew, CEO confident for the rest of the year and reiterated revenue growth guidance for 2024.
Full articleSummary: Lowe's Companies Inc's quarterly profit and margins fell short of Wall Street estimates as investments did not pay off, leading to a drop in forecasted margins and same-store sales growth. Despite an increase in store traffic, fewer customers made purchases, impacting profit margins negatively.
Full articleSummary: Kraft Heinz Company has recalled 83,800 cases of Kraft Singles American cheese slices due to a production issue causing a choking hazard from the plastic wrapping sticking to the slices.
Full articleSummary: Wayve, a British startup developing self-driving vehicles, raised $1.05 billion in investment led by SoftBank, Microsoft, and Nvidia. The funding will support the development of autonomous technology and expand operations globally.
Full articleSummary: Meta Platforms, the parent company of Facebook and Instagram, is testing new generative AI tools for advertisers to create marketing material, including images and messaging. The tools can generate new images from uploaded photos, create text for advertisements, and eventually may allow the creation of brand new marketing images using only text prompts.
Full articleSummary: Everpar Advisors LLC purchased a new stake in Caterpillar Inc. during the fourth quarter, several other hedge funds and institutional investors have also made changes to their positions in the stock. Analysts have varying opinions on CAT shares, with a consensus rating of 'Hold' and a consensus target price of $323.35. Insider transactions include an acquisition by Director David Maclennan and a sale by insider Anthony D. Fassino. Caterpillar's stock price reached $345.00 on Tuesday, with a market cap of $168.72 billion.
Full articleSummary: John Deere introduces the new 5M series tractors with features like GPS and Isobus, catering to buyers needing light tractors with sufficient power and enhanced technology compared to the 5R series. The top model, 5130M, comes with a 4.5-liter DPS PWS engine meeting Stage V emissions requirements and various transmission options.
Full articleSummary: Chevron CEO Mike Wirth discussed the strong demand for oil, emphasizing that the need for gas will continue despite market uncertainties. He also highlighted the potential impact of geopolitical events and mentioned the expected merger between Chevron and Hess.
Full articleSummary: PayPal reported strong earnings with revenue and earnings per share growth, driven by efficiency improvements led by the new CEO. Kinsale, a specialty insurance company, experienced a slowdown in premium growth but saw an increase in investment income. Stock-based compensation is now included in PayPal's adjusted metrics. The podcast also discussed the importance of finding a qualified financial advisor and outlined key questions to ask in an initial meeting.
Full articleSummary: Wells Fargo & Company lowered its price objective on CVS Health from $76.00 to $60.00, with an equal weight rating on the stock. Several other analysts also adjusted their ratings and price targets for CVS Health recently.
Full articleSummary: Darlington Raceway hosting tripleheader with NASCAR Craftsman Truck, Xfinity, and Cup Series events. Wood Brothers are Ford's all-time winningest team at Darlington. Past winners at Darlington include Joey Logano, Brad Keselowski, David Pearson, and Curtis Turner.
Full articleSummary: The Federal Aviation Administration is investigating whether Boeing failed to complete required inspections on 787 Dreamliner planes and whether Boeing employees falsified aircraft records. Boeing VP confirmed that several people had been violating Company policies by not performing a required test but recording the work as completed. Boeing has been under increased scrutiny since January for various safety issues.
Full articleSummary: Kunio Watanabe appointed as Japan country executive for The Bank of New York Mellon, Tokyo Branch, with extensive experience in financial services. He will lead the BNY Mellon business in Japan.
Full articleSummary: Caterpillar (CAT) is outperforming the Industrial Products sector as a whole this year, with a Zacks Rank of #2 (Buy) and a 30.38% gain year-to-date. However, it is slightly underperforming its industry, Manufacturing - Construction and Mining, which has gained 31.83% on average.
Full articleSummary: Cullen Frost Bankers Inc. trimmed its holdings in Booking Holdings Inc. by 4.0% in the fourth quarter, according to its recent 13F filing. Several other institutional investors and hedge funds have also added to or reduced their stakes in BKNG. CEO Glenn D. Fogel sold shares, and other insiders have also sold shares recently. The company last reported quarterly earnings surpassing estimates and announced a quarterly dividend. Analysts have given various ratings for BKNG, with a consensus rating of 'Moderate Buy'.
Full articleSummary: Disney announced it will limit the number of Marvel movies and Disney+ shows each year to focus on quality, leading to disappointing outlook for theme parks business, causing shares to drop over 10%.
Full articleSummary: Walt Disney shares fell 10% as quarterly earnings disappointed Wall Street, despite streaming business profit. Traditional TV and box office saw declines. CEO targets streaming profitability by September.
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