Summary: Nvidia RTX 4060 laptops are selling well and offer satisfactory gaming experience with high FPS on various modern games at 1080p. RTX 5060 is expected to have 8GB VRAM and is based on Blackwell architecture, set to launch between April and July 2025. Nvidia RTX 4060 laptops outperform RTX 3060 laptops in games, running almost all modern games at 60+ FPS at Very High/Ultra settings.
Full articleSummary: Salesforce announces a $2.2 billion investment in its French business over the next five years, as part of the broader trend of American companies showing interest in France following Macron's election.
Full articleSummary: Comcast has been selected by the Commonwealth of Pennsylvania to expand its high-speed internet network across 13 counties, with over $61 million in funding from the Pennsylvania Broadband Development Authority. The expansion will bring gigabit plus speeds to previously unserved or underserved homes and businesses, with expected completion by late 2026.
Full articleSummary: Chevron Corporation's shares fell by 3.4% to US$160 after missing revenue estimates by 3.9% in the latest first-quarter results. Analysts have lowered their earnings per share estimates for next year, but expect a revenue growth of 3.3% in 2024. The consensus price target remains unchanged at US$183, with a bullish target of US$206 and a bearish target of US$155 per share.
Full articleSummary: Wells Fargo and JP Morgan are being investigated by US authorities regarding handling of complaints about P2P payments service Zelle, which has facilitated $629 billion in transactions in 2022.
Full articleSummary: Former Reserve Bank of Australia governors warn about the possibility of increasing interest rates due to inflation concerns, current governor expected to upgrade inflation forecasts and consider further monetary policy tightening
Full articleSummary: Intuit launches the completely new QuickBooks Online, offering a powerfully simple and engaging experience, accessible anywhere, featuring a redesigned interface, enhanced features, an open platform for integration with third-party apps, and availability in more than 100 countries.
Full articleSummary: Connecticut Wealth Management LLC raised its stake in Caterpillar by 282.1% in the 4th quarter. Several other hedge funds also modified their holdings of CAT. Caterpillar's stock performance has been positive, with a one year low of $205.60 and a one year high of $382.01. Wall Street analysts have mixed reviews on Caterpillar, with both neutral and positive ratings.
Full articleSummary: Union Pacific Corp is imposing charges for delayed pickup of freight to clear port backlogs caused by clogged West Coast ports, labor shortages, and inflationary pressures.
Full articleSummary: A U.S. judge threw out a $112 million lawsuit by a former senior London-based trader for Citigroup who accused the bank of falsely implicating him in a criminal probe into foreign exchange price-fixing after firing him.
Full articleSummary: ConocoPhillips (COP) closed the latest trading day higher than the S&P 500 and Dow, will be releasing earnings on February 4, 2020, while Zacks Consensus Estimates projecting a decrease in EPS and revenue compared to the prior year. Recent analyst estimate revisions may provide insights into the near-term share price momentum.
Full articleSummary: ConocoPhillips made a -1.71% move compared to the prior day's S&P 500 loss of 1.94%. Analysts project a significant increase in EPS and revenue for the upcoming earnings release on February 3, 2022. The company currently holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 9.21.
Full articleSummary: The U.S. Supreme Court ruled in favor of Medtronic Inc in a patent dispute with Mirowski Family Ventures LLC over pacemaker technology, stating that the burden of proving infringement remains with the patent holder. The case will now return to lower courts for further proceedings.
Full articleSummary: Broadcom has chosen Arrow Electronics as the only worldwide provider of its CloudHealth from VMware offering, aiming to simplify purchasing, managing, and supporting services for businesses handling financial operations across multi-cloud environments.
Full articleSummary: Medtronic, Inc. announced preliminary results from the first human implants of the Micra Transcatheter Pacing System at CARDIOSTIM 2014. The results showed successful implantation with no major complications, and the device performed as expected.
Full articleSummary: Recent discussions revolved around Costco's unique return policy allowing customers to make returns without a receipt by accessing their purchases through the Costco App, online account, or in-store customer service.
Full articleSummary: Senator Al Franken criticizes the proposed merger of Comcast with Time Warner Cable, citing concerns of increased costs for consumers, reduced competition, innovation, and service quality. He believes there is a too-cozy relationship between Comcast and regulators, based on his previous experience with the Comcast-NBCUniversal merger.
Full articleSummary: The U.S. FTC files lawsuit to stop Amgen Inc's acquisition of Horizon Therapeutics, citing concerns of leveraging their selling drugs to pressure insurance and benefit managers. The suit resulted in a 14% drop in Horizon's stock price and a 2.4% drop in Amgen's shares.
Full articleSummary: United Parcel Service (UPS) and the International Brotherhood of Teamsters reached a tentative new five-year collective bargaining agreement covering more than 300,000 delivery and warehouse workers, averting a potential strike that could have had significant economic implications. The agreement, if finalized by a vote of union members, includes pay raises and benefits improvements for both part-time and full-time employees. Talks had stalled earlier but resumed and culminated in this deal.
Full articleSummary: Charter Communications and The Walt Disney Company have reached an agreement to end a 10-day dispute, restoring Disney networks to Spectrum cable subscribers and providing additional perks like Disney+ Basic and ESPN+. Some Disney-owned channels will no longer be included in Spectrum TV packages.
Full articleSummary: Deere & Company (NYSE: DE) stock has risen impressively by 211% over the last five years. The company achieved compound annual earnings per share (EPS) growth rate of 27%, closely aligned with the annualized share price gain of 25% per year, indicating stable sentiment towards the shares. Deere's total shareholder return (TSR) for the last 5 years was 237%, boosted by dividends.
Full articleSummary: Philip Morris International (NYSE: PM) reported strong earnings results driven by the success of Zyn, a nicotine pouch product, in the U.S. Zyn has shown significant growth and popularity among Gen-Z adult males, positioning it as a key driver of future growth for the company.
Full articleSummary: Seagen stock rose 14% on talks of potential acquisition by Pfizer, Tesla rises after exceeding production goals, Union Pacific stock rose as CEO announced stepping down.
Full articleSummary: Lowe's (LOW) reported quarterly earnings and revenue surpassing estimates. The stock has outperformed the market this year, but future performance will depend on earnings outlook and estimate revisions. Zacks Rank currently holds at #3 (Hold).
Full articleSummary: Caterpillar stock dropped 9% due to macroeconomic challenges but continues to show strength with a high operating profit margin and expects similar sales to 2023's record level. The company has a solid capital allocation strategy, maintaining dividends and actively repurchasing shares, resulting in record-high adjusted EPS. Caterpillar's stock has a lower-than-average P/E ratio, indicating it may be undervalued.
Full articleSummary: ConocoPhillips (COP) plans to acquire an additional stake in Australia Pacific LNG ('APLNG'), becoming the upstream operator of the project. The deal is valued at $500 million and aims to meet rising demand for cleaner energy sources.
Full articleSummary: Comcast has blacked out 15 regional sports networks offered by Bally Sports due to a contract dispute with Diamond Sports Group, affecting games played by a dozen Major League Baseball teams. The blackout is a result of Diamond declining Comcast's offers and the ongoing bankruptcy proceedings of Diamond.
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