Summary: Robyn Denholm, the chair of Tesla's board of directors, called upon the company's shareholders to reapprove CEO Elon Musk's 2018 performance award that was overturned by a Delaware judge. Denholm emphasized Musk's achievements in meeting ambitious targets and increasing Tesla's value significantly.
Full articleSummary: NavPoint Financial Inc. bought a new position in Exxon Mobil Co. in the fourth quarter, adding 7,740 shares valued at approximately $774,000. Insider VP Darrin L. Talley recently sold 2,400 shares at $105.00 and 2,426 shares at $119.01. Exxon Mobil's quarterly earnings results showed a miss in EPS and a 4.0% decrease in revenue compared to the same period last year. The company declared a quarterly dividend of $0.95 per share.
Full articleSummary: JPMorgan Chase, Bank of America, and Citibank are holding trillions of dollars in unknown and potentially risky off-balance sheet assets, as reported by the US government and Wall Street on Parade. Off-balance sheet activities include loan commitments, letters of credit, and derivative products. CEOs of major banks oppose higher capital requirements proposed by the Federal Reserve.
Full articleSummary: Apple's stock went up by 7% after announcing a big plan to buy back $110 billion worth of shares, expecting to sell more products in the future and updating products soon.
Full articleSummary: Gold prices fluctuated as it failed to surpass previous highs following US Nonfarm Payrolls missing expectations. Federal Reserve officials gave mixed signals on interest rate hikes.
Full articleSummary: Google is facing scrutiny over advertising practices amid an antitrust trial presided by Judge Amit Mehta concerning Alphabet Inc., parent company of Google. The trial focuses on allegations of Google unlawfully maintaining a monopoly in online search and advertising, as well as concerns about its dominance in the advertising sector.
Full articleSummary: River Global Investors LLP and other institutional investors made new positions in shares of Philip Morris International Inc., NYSE:PM trading up 0.1%. The company reported positive quarterly earnings results and announced a quarterly dividend. Insider activity includes stock sales. Analyst ratings have mostly been neutral with average target price of $105.50.
Full articleSummary: McDonald's has a history of trying various menu items that ended up failing and being discontinued. Some items like the McSpaghetti and Pizza did not resonate well with customers, leading to their discontinuation in most locations. On the other hand, items like the Grilled Chicken Flatbread Sandwich and Beef Wennington were popular but still got removed from the menu.
Full articleSummary: The Dollar concluded last week with significant losses due to a dovish stance by the Fed Chair Jerome Powell and disappointing US employment figures. US stocks rallied, Treasury yields dropped, and the Dollar faced additional pressure, while the Australian Dollar strengthened amidst delayed RBA rate cut expectations and a risk-on sentiment in Hong Kong and China. Swiss Franc rallied against major European currencies following high inflation readings. Canadian Dollar weakened due to market predictions of a near-term BoC rate cut and declining oil prices.
Full articleSummary: Berkshire Hathaway reported first-quarter results showing a 5% revenue growth and 39% increase in operating earnings, fueled by strong performances in subsidiary businesses, except for BNSF Railroad. The company bought back $2.6 billion worth of Class A and Class B shares, accelerating its buyback activity compared to previous quarters. Berkshire's cash hoard surged to a record $189 billion, with $189 billion on its balance sheet, attributed to a significant reduction in its Apple stock holdings.
Full articleSummary: Boeing locks out union firefighters at its Puget Sound area sites following failed negotiations for competitive pay and better staffing.
Full articleSummary: RTX is hosting a discussion on their company culture and support for the military community on May 9th at 12:30pm ET.
Full articleSummary: Berkshire Hathaway reported strong earnings and cash growth, Berkshire's cash swelled to a record $188.99 billion with expectations of hitting $200 billion in Q2, Nvidia regained a key level and flashed an early buy signal Friday.
Full articleSummary: Closing arguments in the case between Google and the U.S. Justice Department over alleged unlawful domination of web search and advertising were heard by U.S. District Judge Amit Mehta in Washington. The case could shape the future of the internet.
Full articleSummary: M&T Bank Corp reduced its stake in General Electric by 2.4% in the fourth quarter, other institutional investors made changes to their positions in the stock, and analysts have issued various ratings on GE including 'buy' ratings with increased target prices.
Full articleSummary: Nike will be releasing a new colorway of the Kobe 6 Protro called 'Sail' in 2025 as per rumors from zSneakerHeadz and Sneaker Files.
Full articleSummary: Tesla has launched a new Long-Range Rear-Wheel-Drive configuration for the Model Y in the U.S., offering more range and a slightly higher price. The new variant has replaced the old RWD option, making it the most affordable Model Y trim option in the U.S. The configuration also qualifies for the federal tax credit and other incentives.
Full articleSummary: Apple is preparing to launch new iPad Pro and iPad Air models, along with a redesigned Magic Keyboard and updated Apple Pencil at its 'Let Loose' event on May 7th.
Full articleSummary: Boeing has locked out its private force of firefighters in Seattle after failed wage negotiations with the union. Both sides are far apart in their demands, with Boeing's latest offer including general wage increases but falling short of the union's request for raises of 40%-50%.
Full articleSummary: Berkshire Hathaway sold about 13% of its Apple shares in the first quarter for tax reasons, even though Buffett believes deeply in Apple. Apple remains Berkshire's biggest holding, representing about 40% of its stock portfolio.
Full articleSummary: Circle K and PepsiCo have partnered to offer an exclusive limited-edition Gatorade Lightning Blast drink at Circle K locations for the summer months. They are also providing discounted pricing on their Froster and Polar Pop refreshments to attract more consumers. This collaboration aims to enhance customer experience and increase brand visibility.
Full articleSummary: Evercore ISI lowered the price target for Starbucks (SBUX) from $120.00 to $92.00 but maintained an outperform rating. Several other analysts also adjusted price targets and ratings for the stock. Starbucks missed earnings estimates but announced a dividend payment. Insider selling occurred, and institutional investors have been buying and selling shares of SBUX.
Full articleSummary: Axxcess Wealth Management LLC increased its holdings in Danaher Co. by 25.8% in the fourth quarter, with various other hedge funds and institutional investors also making changes to their positions. Insider transactions involving stock sales by company directors and the CEO were disclosed. Danaher has been the subject of several analyst reports, with target price upgrades from multiple analysts. The company's stock is up by 0.6% on the NYSE.
Full articleSummary: NVIDIA is expected to launch the GeForce GTS 400 series based on the GF104 architecture with 256 CUDA cores and decreased ROPs, aiming to compete with Radeon HD5830 and HD5770. The GeForce GTS 450 will be the fastest model in the series.
Full articleSummary: Boeing has locked-out its private firefighters in Seattle area after failed negotiations with the union, leading to concerns over safety and work valuation.
Full articleSummary: Microsoft releases Responsible AI Transparency Report highlighting steps taken for responsible AI platforms including Counterfit, an open-source security testing tool for AI systems. Plans include AI red teaming and adoption of Azure OpenAI service for risk management.
Full articleSummary: Home Depot stock has shown significant growth over the past decade, with an average annual return of 31.8% and a current trading price of $331.97 per share. The company has also maintained a steady dividend yield in the 2-2.5% range for most of the last decade. Analysts project a 13.4% increase in the stock's price in the next 12 months.
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