Summary: BlackRock, the world's biggest asset manager, reduced its support for shareholder proposals related to environmental and social issues in the latest AGM season, backing only 4% of such proposals.
Full articleSummary: Berkshire Hathaway sold over $550 million worth of Bank of America shares, reducing its stake to about 12% of the company's total shares.
Full articleSummary: IBM is accused of firing a white worker in order to promote diversity, leading to a lawsuit by Randall Dill. IBM denies these allegations, stating that race and gender did not play a role in the employment decision. America First Legal, a conservative group, has filed similar claims against other companies and is appealing previous rulings.
Full articleSummary: Cisco is partnering with Raspberry Pi Foundation and Digital Opportunity Trust to empower youths worldwide towards a more sustainable and digitally resilient future. Raspberry Pi Foundation focuses on empowering young people through computing and digital technologies, while Digital Opportunity Trust mobilizes young people in Africa and the Middle East to lead climate awareness and community action.
Full articleSummary: McDonald's plans to create 24,000 jobs across more than 200 new restaurants in the UK and Ireland over the next four years, focusing on high street locations and reimagining existing restaurants.
Full articleSummary: Nick Mersch discusses his outlook for Big Tech with a focus on Nvidia earnings
Full articleSummary: PayPal Holdings, Inc. is a major global provider of online payment services with various solutions to facilitate payments through online platforms, mobile devices, and in-store transactions. The company has 426 million active accounts as of the end of 2023, with 58% of its revenue generated in the United States.
Full articleSummary: Jefferies reconfirms its 'hold' rating on PayPal with an unchanged price target of $65, citing the expanded partnership with Adyen to launch Fastlane offering in the US market. The analyst believes the partnership with Adyen will enhance consumer awareness and adoption.
Full articleSummary: Intel is introducing Efficiency Latency Control (ELC) feature for Xeon processors to optimize system performance per watt by allowing users to influence uncore frequency scaling algorithm, with new patches being added to the Linux x86 platform driver.
Full articleSummary: Starbucks has released its fall menu for 2024, featuring pumpkin spice latte and new drinks like the iced apple crisp nondairy cream chai.
Full articleSummary: Shailesh Kotwal, vice chair of Payment Services at U.S. Bank, announced his retirement in the first half of 2025. A search for new Payment Services leadership will begin immediately.
Full articleSummary: A Santa Barbara County woman used an Apple Airtag to help authorities identify and arrest two alleged mail theft suspects.
Full articleSummary: CNET provided a review of the Google Pixel 9 Pro XL, highlighting its new AI skills, sleek design, and software updates, but also pointing out drawbacks like stagnant camera hardware improvements and higher prices compared to the previous model.
Full articleSummary: CVS Health features designs from four employees in a line of journals at CVS Pharmacy stores to promote mental health and wellness.
Full articleSummary: Tesla recalls 9,136 Model X SUVs due to concerns of roof trim separation, requiring manual review by technicians.
Full articleSummary: Organon expands partnership with Eli Lilly to market Emgality in 11 additional markets. Lilly to receive upfront payment of $22.5m and milestone payments. Emgality is a humanised monoclonal antibody approved for migraines in adults.
Full articleSummary: Target CEO Brian Cornell disputed claims of price gouging in the retail sector amid Vice President Kamala Harris' proposed ban, emphasizing competition and affordable prices. Target raised profit guidance and saw a 12.3% stock spike following strong earnings results.
Full articleSummary: American Express was downgraded from Buy to Neutral by BofA analyst due to growth challenges and limited upside potential. Synchrony Financial and Capital One are emerging as potential alternatives with more significant improvements in sentiment.
Full articleSummary: U.S. Bank and Edward Jones have announced a partnership where Edward Jones' advisors will offer co-branded U.S. Bank checking and credit card products to clients, following the end of a previous partnership between Edward Jones and Citi. This move aligns with U.S. Bank's strategy to expand its customer base.
Full articleSummary: Medtronic plc reported strong performance in their Q1 2025 earnings call, showcasing revenue growth of 5.3% and surpassing earning expectations. The company is confident about sustaining mid-single-digit revenue growth and increasing adjusted EPS, especially with the upcoming launches and advancements in various product segments.
Full articleSummary: Aldi, Grainger, and Hyatt Hotels are among the top 3 best employers with headquarters in Illinois according to a new ranking from Forbes. The ranking is based on a survey of more than 160,000 employees.
Full articleSummary: PepsiCo bottling company's business fundamentals continue to be strong according to the brokerage.
Full articleSummary: Ole Miss football coach Lane Kiffin criticized Coca-Cola, while LSU football coach Brian Kelly praised the company's products in a press conference.
Full articleSummary: Costco has introduced new tempura shrimp taco kits as a spin-off of its previously recalled chicken street taco kits. The kits come with tailless shrimp fried in tempura batter, tortillas, veggies, lime wedges, and salsa, providing a convenient meal option for shoppers.
Full articleSummary: Disney is installing a highly detailed themed walkway in Magic Kingdom's Adventureland near Sunshine Tree Terrace and Club 33.
Full articleSummary: A high-speed chase involving a stolen car ended at a Starbucks in Tarboro, causing damage to the outdoor seating area of the coffee shop.
Full articleSummary: Wall Street analysts are optimistic about Texas Instruments following a positive capital management call, with UBS, Evercore ISI, and Citi highlighting different aspects of TXN's growth potential and financial health.
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