Summary: BlackRock Inc. reduced fewer than 10 jobs in its municipal bond department under new leadership. The firm aligned its municipal bond investment team to improve processes, information sharing, and performance.
Full articleSummary: Pfizer appoints former Citigroup executive as its chief strategy and innovation officer, executive vice president.
Full articleSummary: BlackRock Inc. made minimal job cuts in its municipal bond department under new leadership. The new head, Patrick Haskell, took over from Peter Hayes who retired after managing government debt for nearly four decades.
Full articleSummary: The first-quarter earnings for the transportation sector have been lackluster with earnings down 5.4% and revenue growth at 1.6%. Transportation ETFs like IYT, FTXR, and XTN experienced losses. Some industry players like UPS, UNP, NSC, DAL, UAL, and JBHT reported mixed results.
Full articleSummary: Bank of America (BAC) has been one of the most searched-for stocks on Zacks.com lately. The stock's performance in the near term will likely be shaped by earnings estimate revisions and valuation metrics. Bank of America is currently rated Zacks Rank #3 (Hold) and is graded D on the Zacks Value Style Score.
Full articleSummary: Coca-Cola Beverages Florida, LLC has been selected as a 2024 US Best Managed company for the third consecutive year, showcasing its continuous investment in operations, customer partnership, employee satisfaction, and community support.
Full articleSummary: Former Starbucks CEO Howard Schultz urged the coffee chain to overhaul its US operations after disappointing quarterly earnings. He emphasized the importance of focusing on customer experience and reinventing the mobile ordering platform.
Full articleSummary: Apple is set to unveil the latest additions to the iPad line which may include a new iPad Pro, iPad Air, Apple Pencil, keyboard case, and the new M4 chip. Rumors also suggest a launch of Microsoft's third-party silicon, potentially prompting Apple to reveal the new chip earlier.
Full articleSummary: Jim Lebenthal, chief equity strategist at Cerity Partners, is selling CVS Health and NXP Semiconductors.
Full articleSummary: Intel plans to launch an entirely new lineup of Arrow Lake CPUs on a new socket, with 21 SKUs at launch, marking a new era for Intel.
Full articleSummary: Warren Buffett is unlikely to add artificial intelligence stocks to his portfolio according to his recent statements at the annual Berkshire Hathaway shareholders meeting. He expressed unfamiliarity with the technology but acknowledged its importance and potential in fraudulent activities.
Full articleSummary: Microsoft is making strides in the AI space with the development of a new language model referred to as MAI-1, which is described as 'far larger' than any of its previous AI models. The company is also aiming to compete with models from OpenAI, Google, and Anthropic.
Full articleSummary: Disney (DIS) reports second-quarter earnings with analysts raising price targets due to improved theme park performance, while concerns remain about streaming numbers. Disney stock has been the top performer on the Dow Jones Industrial Average this year.
Full articleSummary: Former Starbucks CEO Howard Schultz advises current leaders to focus on coffee drinks and spend more time in stores to address flagging sales. Schultz emphasizes the need for a customer-centric approach and highlights the importance of coffee innovation.
Full articleSummary: Quest Diagnostics appointed Murali Balakumar as its senior vice president and chief information and digital officer, bringing 25 years of experience in technology strategy in various industries.
Full articleSummary: NVIDIA is delaying the release of the next-generation desktop graphics cards to possibly only introduce the flagship GeForce RTX 5090 by the end of 2024, with the complete lineup forming in 2025. This delay is possibly to clear existing stock of GeForce RTX 40 cards and focus on AI accelerators.
Full articleSummary: FedEx Corp (Symbol: FDX) was held by 10 out of the 20 most recent 13F filers for the 03/31/2024 reporting period, with an aggregate share count increase of approximately 3.28% between 12/31/2023 and 03/31/2024. The top three funds holding FDX on 03/31/2024 were not specified.
Full articleSummary: Google Cloud unveiled a new Threat Intelligence offering at RSAC 2024 which combines insights from Mandiant, VirusTotal, and Google with GenAI-powered capabilities to provide faster protection against threats and a simplified user experience for security professionals.
Full articleSummary: CVS Health has acquired Hella Health, a tech-enabled Medicare Advantage broker, to enhance its digital capabilities for senior members. This strategic move is aimed at expanding CVS Health's multi-payor technology platform and providing a more simplified Medicare shopping and enrollment experience for members.
Full articleSummary: Tesla Model Y owners will have the option to unlock extra battery range by paying between $1,500 to $2,000, following a trend of post-market charges by automakers for additional features. Consumers have been opposed to such charges in the past.
Full articleSummary: Microsoft is hosting a free three-hour summit focused on building a more resilient Microsoft 365 environment, providing tools and strategies to safeguard data against cyberattacks and other threats.
Full articleSummary: The news discusses the long-term investment success story of Texas Instruments Inc. (TXN) over a 20-year period, emphasizing the importance of considering investment time horizon and dividends reinvestment.
Full articleSummary: Exxon CEO Darren Woods expects the dispute with Chevron over Hess Corporation's assets in Guyana to extend into 2025. Chevron rejects Exxon's claim of right of first refusal on Hess' assets due to a pending all-stock deal. The arbitration court will decide the timeline, with Hess hoping for a resolution in the near future.
Full articleSummary: Elon Musk suggested Warren Buffett to purchase a stake in Tesla, in response to a post advising Buffett to exit his stake in Apple.
Full articleSummary: Textron Aviation's Beechcraft Denali has commenced FAA certification flight tests with a goal to certify the turboprop single in 2025.
Full articleSummary: Dow agreed to sell its flexible packaging laminating adhesives business to Arkema for $150 million, transferring five manufacturing sites and product families. Dow retains its water-based laminating adhesives and acrylic adhesives businesses.
Full articleSummary: Crystal Zhu has joined Morgan Stanley as co-head of their Asia Pacific technology team, focusing on mergers, acquisitions, and IPOs in the tech sector. Morgan Stanley is trailing JPMorgan in APAC M&A league, as the bank plans to cut investment-banking jobs in the region. The bank reported positive fiscal first quarter 2024 revenues, surpassing analyst estimates.
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