Summary: Warren Buffett's Berkshire Hathaway sold its entire holding in Paramount Global at a loss, Buffett took sole responsibility for the decision due to Paramount's struggles with strikes, advertising market softness, and declining TV profits. Paramount is considering rival bids after exclusive talks with Skydance Media ended without a deal.
Full articleSummary: Alphabet Inc is combining Google Brain and DeepMind to intensify its focus on artificial intelligence research, aiming to compete with systems like OpenAI's ChatGPT chatbot. The new division will be led by DeepMind CEO Demis Hassabis to ensure responsible development of general AI.
Full articleSummary: Warren Buffet shares insights about Berkshire Hathaway reducing stake in Apple, resulting in $11.2 billion after-tax gain. Despite the sale, he expects Apple to remain the company's largest stock investment. Berkshire considers Apple and other companies as 'wonderful' businesses.
Full articleSummary: RTX Corporation reported strong earnings in Q1 2024 with sales up 12% from Q1 2023 and profit margins expanding. The company highlighted success in defense contracts, but its civilian divisions Collins Aerospace and Pratt & Whitney also showed growth potential, though facing margin challenges. The stock is considered overvalued but promising due to projected sales and earnings growth.
Full articleSummary: ExxonMobil reaches an agreement with the government of Chad to avoid a fine of $74 billion for alleged tax evasion, allowing the company to retain its exploration permit in Chad through 2050. The fine demanded is much greater than the one paid by BP in 2010 due to the Deepwater Horizon disaster.
Full articleSummary: IBM has expanded its software portfolio to be accessible in 92 countries through the AWS Marketplace, aiming to simplify procurement processes and create new efficiencies for clients. This move aligns with the increasing trend towards cloud marketplaces for software-as-a-service products. IBM's offerings in the AWS Marketplace cover a spectrum of technologies including AI and data, database solutions, automation software, and security and sustainability software portfolios.
Full articleSummary: Intuit Inc. has been analyzed for its use of debt, with liabilities of US$2.71b due within 12 months and liabilities of US$3.09b due beyond that, but offset with US$4.12b cash and US$651.0m receivables due within a year. The company has net cash of US$2.08b and converted 117% of its EBIT to free cash flow.
Full articleSummary: Nike has debuted a new retail concept, Nike Style, in Seoul catering to a sports lifestyle audience with gender-neutral zones and locally curated collections. The store combines digital and physical shopping experiences, offering creators and clients the opportunity to create social media channels with customizable backgrounds using augmented reality experiences.
Full articleSummary: Ford is set to introduce a mid-cycle refresh for the 2025 Ford Maverick pickup truck, with updates to exterior styling and tech features including SYNC 4 infotainment system. New derivatives of Maverick nameplates are expected, such as the Maverick Lobo.
Full articleSummary: Alphabet (GOOG, GOOGL) announced its first-ever dividend payout of $0.20 per share, joining other tech giants in rewarding shareholders with quarterly dividends. The company plans to sustain this payout into the future, with a forward yield of 0.5%, matching its peers in the 'Magnificent Seven'.
Full articleSummary: Bill Gates, co-founder and former CEO of Microsoft (MSFT), has a substantial portion of his wealth tied up in Microsoft stock. The company has expanded its portfolio to include Azure cloud, Teams workplace platform, Surface laptops, and Xbox gaming consoles. Microsoft is at the forefront of AI development with Copilot and AI boosting growth in Azure.
Full articleSummary: Stock market displays optimism as Federal Reserve shows no intention of raising rates. Apple's stocks surge 4% amid positive FOMC statement and anticipation for upcoming jobs report.
Full articleSummary: Alphabet has announced its first-ever dividend payout, starting at $0.20 per share with intentions to sustain it, among other ways to reward shareholders. Big-tech companies like Microsoft, Apple, Meta, and Alphabet are paying out a combined annual total of $50 billion to shareholders.
Full articleSummary: BMO Capital Markets lowered the target price for American Tower from $228.00 to $220.00, issuing an outperform rating. Several other analysts also provided ratings and price targets for the stock.
Full articleSummary: ConocoPhillips (COP) is well-positioned to capitalize on favorable crude prices with a strong production outlook for 2023. The company focuses on returning capital to shareholders through dividends and share repurchases. However, its operations are exposed to volatility in oil and gas prices, impacting its bottom line.
Full articleSummary: Bill Gates still heavily invested in Microsoft stock as part of his vast fortune, totaling more than $15 billion in shares. Microsoft has expanded its portfolio to include Azure cloud, Teams workplace platform, Surface laptops, and Xbox gaming consoles. Gates' focus on philanthropic endeavors, he has set up the Bill & Melinda Gates Foundation Trust.
Full articleSummary: Dow Jones & Co has obtained a court order to prevent Ransquawk from broadcasting news content without permission, citing 'hot news' misappropriation doctrine.
Full articleSummary: American Tower (AMT) closed at $218.47 in the latest trading session, marking a -0.46% move from the prior day. Analysts expect EPS of $2.24 and revenue of $2.67 billion in the next earnings report. The Zacks Rank for American Tower is currently #3 (Hold).
Full articleSummary: A study by Consumer Reports shows Teslas have the lowest maintenance and repair costs over 10 years compared to other vehicles. Tesla vehicles are estimated to have fuel savings up to $6,000 over the first five years of ownership. Tesla is working on integrating a voice assistant to replace voice commands.
Full articleSummary: Warren Buffett announced that Berkshire Hathaway sold its entire holding in Paramount at a loss due to struggles faced by the studio, including last year's strikes and declining profits in the TV business.
Full articleSummary: Bank of America (BAC) is labeled as the Bear of the Day by Zacks due to its poor performance and Zacks Rank #5 (Strong Sell). Analysts have lowered earnings estimates for the current and next year, dragging down the Zacks Consensus Estimate. Although BAC shares have bounced off February lows, they remain under pressure.
Full articleSummary: Charles Schwab Corporation has announced a Business Update for institutional investors on February 7, 2013, to provide insight into recent developments and strategic focus. The webcast will be accessible to the public.
Full articleSummary: TCG Advisory Services LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, with a significant number of institutional investors also buying shares of UPS. UPS trading down 0.5% on Friday. The company last reported $1.43 EPS for the quarter, beating analysts' estimates.
Full articleSummary: The Motley Fool contributor updated his buy recommendation for Starbucks stock. Starbucks was not included in the list of the 10 best stocks for investors by Stock Advisor, which could potentially offer significant returns. Parkev Tatevosian has no position in the mentioned stocks but The Motley Fool recommends Starbucks.
Full articleSummary: Microsoft's Start weather development team has announced a new AI model for predicting weather up to 30 days in advance, beating the ECMWF's accuracy and utilizing GPU for faster computations.
Full articleSummary: Star Wars Day is being celebrated with various Star Wars VR titles, with Star Wars Pinball VR offering significant discounts. Other games like Vader Immortal and Tales from the Galaxy’s Edge provide immersive experiences for Star Wars fans.
Full articleSummary: Bill Gates still holds a significant stake in Microsoft (MSFT) worth more than $15 billion, demonstrating his confidence in the company's growth potential and the role of AI in boosting productivity and revenue.
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