Summary: Boeing's Starliner is close to launching with two NASA astronauts on board for a test mission, including Barry 'Butch' Wilmore, a Tennessee native. The mission is high stakes as it is the final demonstration before routine trips to orbit. Boeing's Starliner is meant to transport astronauts to and from the space station.
Full articleSummary: Disney (DIS) will be reporting earnings, analysts anticipate revenue to grow 1.5% year on year to $22.15 billion, while adjusted earnings are expected to be $1.11 per share. Some of Disney's peers in the consumer discretionary segment have already reported strong results, setting positive expectations for Disney's earnings.
Full articleSummary: Amgen Inc. (AMGN) is experiencing a significant drop, down 4.26% and on track for its largest decrease since February 7, 2024. It has ended a three-day winning streak and is currently down 8.17% from its recent all-time high.
Full articleSummary: Lockheed Martin partners with local industrial partners in Poland to complete vital offset projects in support of the WISLA programme, providing manufacturing know-how and technical capabilities related to Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE). Various projects supporting the PAC-3 supply chain and F-16 aircraft maintenance were approved, enhancing Poland's national defense capabilities.
Full articleSummary: Daniel McKinnon, a former employee of Google and Meta, compared the work-life balance at both tech giants based on his experience. Meta prioritizes growth, while Google emphasizes work-life balance, stability, and job security. Meta is more transparent than Google with frequent reviews and direct engagement from Mark Zuckerberg.
Full articleSummary: Lockheed Martin partners with local industrial partners completed five Offset projects in support of the WISLA programme, providing technical capabilities and manufacturing know-how for Patriot Advanced Capability – 3 (PAC-3) Missile Segment Enhancement (MSE) and Poland’s air and missile defence.
Full articleSummary: RTX Corporation expresses serious concerns regarding a bill in Connecticut that would provide state-funded compensation to workers while on strike. The corporation emphasizes the potential negative impact on business competitiveness and employee-employer relations.
Full articleSummary: Summit Global Investments reduced its stake in Salesforce, Inc. by 98.3% during the 4th quarter, selling 84,677 shares. Multiple hedge funds acquired new positions in Salesforce during the same period. Analysts have generally given Salesforce a positive outlook with various buy ratings, and the stock has a consensus rating of 'Moderate Buy'. Salesforce reported a strong performance in its quarterly earnings results, with earnings of $1.78 per share and revenue of $9.29 billion. Insiders have been actively selling company stock.
Full articleSummary: Longtime sports radio host Rich Shertenlieb announced 'The Rich Shertenlieb Show' on WZLX, replacing the morning show hosted by Pete McKenzie and Heather Ford. The show's co-hosts will be revealed soon.
Full articleSummary: Bank of America report reveals that nearly half of buy now, pay later users come from households earning less than $50,000 annually, with millennials being the primary users. The growth of BNPL services is slowing down according to Bank of America's internal data analysis. Industry experts are expressing concerns over the health of the BNPL market due to regulatory challenges and competition.
Full articleSummary: Starbucks (SBUX) faces worst post-earnings performance since 2000 due to falling short of estimates, with former CEO Howard Schultz attributing the problem to US operations. Pricing strategy under scrutiny as sales struggle with no plans for price cuts.
Full articleSummary: Stock market starts the week strong with investors gaining confidence in Fed rate cuts, Berkshire Hathaway reports record cash reserves and stock buybacks, Micron Technology's stock gains over 4.5% on Baird's upgrade, Spirit Airlines drops 9.5% after weak report, and Bitcoin rebounds to $64,000 with Grayscale's Bitcoin ETF seeing inflows.
Full articleSummary: Costco introduces a new Chipotle Chicken Bowl priced at $4.99 per pound, receiving positive reviews from Instagram users. The meal includes grilled seasoned chicken, cilantro lime rice, shredded cheese, salsa, guacamole, and lime wedges.
Full articleSummary: CVS Health Corp plans to hire 15,000 employees in the fourth quarter, primarily licensed pharmacy technicians to help administer COVID-19 vaccines and tests, in response to potential winter resurgence in COVID-19 and flu cases. This hiring initiative is incremental to the 50,000 employees already hired in March to combat the outbreak.
Full articleSummary: Amgen (NASDAQ:AMGN) Stock fell by 3.74% to trade at $191.20 on the NASDAQ exchange.
Full articleSummary: NIKE ISPA introduces the Metamorph Poncho, a new fashion design that transforms into a sunshade or camping tent. It is made of water-repellent material, light enough to be carried around, and made with at least 75 percent recycled fibers. The company also focuses on recycling nylon and other materials to align with its sustainability mission.
Full articleSummary: Medtronic (MDT) has been one of the most searched-for stocks on Zacks.com lately. The company is currently facing a Zacks Rank #4 (Sell) due to recent changes in earnings estimates, indicating a potential underperformance in the near term. Valuation metrics suggest Medtronic is trading at par with its peers.
Full articleSummary: Intel mandates a new Default/Baseline profile, locking PL2 to 188W across all LGA-1700 motherboards, affecting K-series desktop CPUs, potentially causing performance drop for users previously on Extreme settings.
Full articleSummary: Oracle has successfully deployed the MHS Genesis electronic health record system at all Department of Defense garrison facilities worldwide, benefiting over 9.5 million DOD beneficiaries. The EHR system has also been implemented by other agencies like the U.S. Coast Guard and the National Oceanic and Atmospheric Administration.
Full articleSummary: The Department of Justice argued in the U.S. vs. Google antitrust trial that Google manipulated ad auctions and inflated costs to increase revenue, harming advertisers. They presented evidence showing how Google's actions impacted search advertising, leading to increased prices and revenue for Google.
Full articleSummary: Google faced an antitrust case from the U.S. Department of Justice for allegedly holding a 90% share of the search engine market, compared to Bing, Yahoo, and DuckDuckGo. The case is similar to past lawsuits against Microsoft and Apple for their market dominance.
Full articleSummary: LSV Asset Management decreased its stake in shares of Chevron Co. during the 4th quarter, according to its most recent Form 13F filing with the SEC. Several other large investors have also modified their holdings of the stock. Insider VP Alana K. Knowles sold 2,800 shares of the stock. Chevron recently reported quarterly earnings data, beating the consensus estimate. The oil and gas company also announced a quarterly dividend.
Full articleSummary: Intel Corporation reported mixed first quarter financial results but is confident about catching up to its competitors by 2026, despite a lackluster outlook for the second quarter. The company is investing heavily in AI to challenge Nvidia in the GPU market.
Full articleSummary: Starbucks former chairman and CEO, Howard Schultz, criticized the company's recent performance and urged for revamping U.S. store operations to enhance customer experience.
Full articleSummary: The pace of innovation in AI is accelerating, leading to a paradigm shift in delivering digital experiences. Businesses are focusing on modernizing existing applications to incorporate AI, strengthen security, and drive innovation. Companies like Coles are leveraging Azure to modernize their customer shopping experiences.
Full articleSummary: U.S. stocks rose on Monday due to signs of the Federal Reserve's monetary tightening campaign working, a 'benign week' is projected with no key economic prints or Fed speak, Starbucks faced challenges with a terrible quarter but no immediate action will be taken by the Club, Walt Disney gained after analysts raised their price targets anticipating positive updates on earnings especially in their direct-to-consumer business.
Full articleSummary: Coca-Cola's decision to discontinue Honest Tea due to supply chain disruptions turned out to be a gift as it led to the launch of a new rapidly growing brand emphasizing organic and Fair Trade values.
Full article