Summary: Private Advisor Group LLC decreased its stake in Texas Instruments by 10.9% during the fourth quarter as per their recent SEC filing. Other hedge funds also made changes to their positions in the company. Wall Street analysts have given mixed ratings to Texas Instruments, with an average rating of 'Hold' and a consensus price target of $180.74. Insiders have been actively buying and selling shares of Texas Instruments.
Full articleSummary: Companies abroad announced dividend payments for Brazilian Depositary Receipts. Eli Lilly, Booking Holdings, and Simon Property Group are among the companies paying dividends.
Full articleSummary: Meta unveiled new generative AI features and upgrades to assist businesses in creating and editing ad content, helping to make the process quicker and more efficient. These features have the potential to bring value to businesses by saving time and money on creating new ads and reaching target audiences more effectively. The tools are available through Meta's Ads Manager at no additional cost to users.
Full articleSummary: ConocoPhillips donates $400,000 for tornado relief efforts in Bartlesville and Barnsdall, matching donations from its U.S. employees.
Full articleSummary: Former Starbucks CEO Howard Schultz urges current leaders to focus on coffee drinks and spend more time in stores to address falling sales. Schultz emphasizes the need for a customer-centric approach and more attention to the customer experience within the stores.
Full articleSummary: Pfizer Inc. paused a study of an experimental gene therapy for muscular dystrophy after a child who received it died suddenly. The company is investigating the death and has temporarily stopped administering the gene therapy.
Full articleSummary: Cullen Frost Bankers Inc. reduced its position in PepsiCo, Inc. by 12.1% in the fourth quarter. Various other institutional investors and hedge funds have recently bought and sold shares of PepsiCo. Several brokerages have upgraded or reiterated their ratings on PEP, and analysts have an average price target of $187.42 for the stock.
Full articleSummary: Activists are protesting against Tesla's German gigafactory expansion, claiming it threatens local environment and democracy. The company is temporarily shutting the factory anticipating trouble during a five-day protest by Here And No Further group. Amazon forest camp dwellers aim to physically block Tesla from clearing more forest land.
Full articleSummary: Robert D. Hormats, a director at American Tower Corp, sold 700 shares of the company's common stock for a total sale value of $128,450. Despite the recent insider sale, American Tower Corp continues to be a key player in the telecommunications infrastructure industry with favorable financial metrics, including a substantial market capitalization and a history of dividend increases.
Full articleSummary: MetLife had its target price cut by Keefe, Bruyette & Woods from $87.00 to $86.00 and maintains an outperform rating. Several analysts have given overweight and buy ratings to the stock along with positive comments.
Full articleSummary: McDonald's stock dropped and quickly recovered following its Q1 2024 earnings announcement, displaying some confidence among investors. Despite CEO's concerns about inflation, McDonald's franchise-based business model is seen as resistant to economic phenomena like inflation, leading to steady financial performance. Analyst estimates forecast a profit increase in 2024 and 2025, making McDonald's appealing to investors seeking safety and dividends.
Full articleSummary: Capital One Spark 1% Classic credit card is designed for small business owners with fair credit, offering 1% cash back on all purchases. Cardholders can add authorized users, set spending limits, and benefit from fraud protection and travel insurance. The card has no annual fee and no foreign transaction fees.
Full articleSummary: A video posted on YouTube about Tesla Cybertruck shows disturbing incidents of people trying to test if the frunk crushes their finger, leading to dangerous results.
Full articleSummary: Starbucks is bringing back the White Chocolate Macadamia Cream Cold Brew as part of its summer menu starting May 7th, after it was highly popular in 2023.
Full articleSummary: A young boy enrolled in a clinical trial testing an experimental Pfizer gene therapy for Duchenne muscular dystrophy has died, prompting Pfizer to pause treatment in a part of its Phase 3 trial. Pfizer is working with regulators to investigate the cause of the death and ensure the safety of participants. Analysts express concerns over the potential impact on the therapy's future development and market approval.
Full articleSummary: Nikola Corporation has revised its equity distribution agreement with Citigroup Global Markets Inc., giving Nikola the option to sell common stock shares up to $311.7 million through an 'at-the-market' offering. The agreement states that there is no obligation to sell any shares and either party can terminate it without liability.
Full articleSummary: The article discusses the advantages and disadvantages of investing in Dow Jones stocks. It highlights two Dow Jones stocks to watch today - Caterpillar (CAT) and Amgen (AMGN). Both companies recently reported better-than-expected financial results, with CAT stock up by 48% in the last six months and AMGN stock increasing by 11.44% during the same period.
Full articleSummary: Salesforce CEO Marc Benioff sold over $4 million worth of company stock in May 2024 through a pre-arranged trading plan, still holding a significant amount of shares. Investors monitor insider transactions for insights into executive confidence in the company's future performance.
Full articleSummary: Apple has announced the next-generation M-series chip, the M4, which promises class-leading performance and power efficiency, with a special focus on machine learning/AI performance. The M4 will be launched alongside Apple’s newest iPad Pro tablets. The M4 features new CPU complex, improved GPU with ray tracing, and enhanced NPU with 38 TOPS of performance.
Full articleSummary: Comcast Business unveils its fastest Internet plans yet, including Ultimate Speed for Business and next-generation multi-gigabit symmetrical Internet speeds powered by Full Duplex technology.
Full articleSummary: Digital Realty partners with Oracle to develop hybrid integrated solutions to accelerate growth of AI for enterprises, including deploying GPU-based infrastructure in a dedicated data centre in Northern Virginia.
Full articleSummary: Wells Fargo introduces a new no-annual-fee Signify Business Cash℠ Card that offers 2% cash rewards on all spending, along with the option to transfer rewards to travel partners.
Full articleSummary: Microsoft deployed a GPT-4-based generative AI model for U.S. intelligence agencies to securely process top-secret information. The AI model is isolated from the internet and specifically created for classified workloads.
Full articleSummary: Microsoft has developed a GPT-4-based generative AI model for US intelligence agencies, enabling secure data analysis and conversations. However, there are concerns about its potential to provide inaccurate information due to limitations of AI language models.
Full articleSummary: Aspen Technology, Inc. announced the appointment of David Baker as the new Senior Vice President and Chief Financial Officer. Baker brings significant financial leadership experience from his tenure at Emerson Electric Co. AspenTech aims to leverage Baker's expertise to drive corporate strategy during a critical period of energy transition and digital innovation.
Full articleSummary: The National Highway Traffic Safety Administration is pressing Tesla for answers regarding changes made to its Autopilot driver assistance system following a software recall impacting about 2 million U.S. vehicles. The NHTSA found safety issues with Tesla's Autopilot contributed to collisions and deaths. They are seeking detailed crash data and records from Tesla, threatening fines if info isn't provided by July 1.
Full articleSummary: Berkshire Hathaway Inc reported a significant decrease in net earnings compared to the previous year, with an increase in operating earnings driven by investment gains and operational performance. The conglomerate engaged in share repurchases and maintained a strong insurance float, showcasing strategic financial management.
Full article