Summary: Retirement Systems of Alabama reduced its stake in Bank of New York Mellon by 3.7% in the 4th quarter, as per HoldingsChannel.com's report. Other funds like Hartford Financial Management, Addison Advisors, and Blue Trust also adjusted their holdings. Bank of New York Mellon's stock price was up 0.7% and the company announced a quarterly dividend. Wall Street analysts have provided various ratings and price targets for the stock. Insider selling by VP Catherine Keating and EVP J Kevin Mccarthy was reported recently.
Full articleSummary: Evolution Advisers Inc. increased its stake in Alphabet Inc. by 83.3% in the fourth quarter. Several hedge funds and institutional investors have also modified their holdings of the company. Insider selling activity has occurred at Alphabet. Wall Street analysts have given a positive rating and increased price targets on Alphabet stock.
Full articleSummary: Atria Wealth Solutions Inc. and other institutional investors have increased their holdings in BNY Mellon US Large Cap Core Equity ETF. The fund now owns over 8,500 shares of the company's stock, valued at $774,000, as of the latest SEC filing. BNY Mellon US Large Cap Core Equity ETF saw an increase in dividend payout recently.
Full articleSummary: Wells Fargo & Co mandates employees to register vaccination status and get regular COVID-19 tests if unvaccinated upon returning to work in January.
Full articleSummary: The US bond market is celebrating after a possible shift in Fed interest rate policy due to softening labor market data, leading to expectations of rate cuts by the end of the year. Yields remain lower for a third consecutive day, with an anticipated positive impact on risk assets and Treasuries.
Full articleSummary: Florida Governor Ron DeSantis announced a new Freedom Sales Tax Holiday Initiative that will run from July 1 to July 31, exempting purchases of outdoor supplies and various recreational activities from taxes. The aim is to promote outdoor recreation, support local businesses, and enhance the quality of life for residents and visitors in Florida.
Full articleSummary: NUPRC proposes divestment conditions for 26 oil blocks in Nigeria with significant reserves to be divested from major oil and gas companies. The divestment process aims to be concluded by June 2024, with a focus on compliance with regulations and successor entities' technical and financial capacity.
Full articleSummary: Truist Financial Corp lessened its stake in shares of Simon Property Group, Inc. by 16.2% during the 4th quarter. Several other institutional investors also bought and sold shares of the stock. Simon Property Group announced a stock repurchase plan to repurchase $2.00 billion in shares. The company also increased its dividend to $1.95.
Full articleSummary: Intel has announced the halt in production of Cougar Point chipset due to a manufacturing error affecting the SATA 3.0 Gbps controller, resulting in potentially degraded performance over time. The estimated cost to fix the error is up to $1 billion. Replacement parts are expected in February.
Full articleSummary: Boeing's Starliner spacecraft is set for a test flight to the International Space Station with two astronauts on board; mission aims to establish U.S.'s capability to launch astronauts to space independently. The success of the test flight would mark a significant milestone for Boeing and NASA.
Full articleSummary: Investors are left trying to figure out what the recent Federal Reserve meeting, surprise labor market data, and corporate earnings mean for the stock market. Major market indexes finished the week higher, with a rally driven by weaker-than-expected April jobs figures reigniting hopes for interest rate cuts. Bond yields pulled back after the jobs report, leading to a mixed market sentiment as uncertainty remains about inflation and interest rate changes.
Full articleSummary: The Web Experience Management (WEM) market analysis report provides insights into key players, market trends, opportunities, and challenges in the industry. It focuses on optimizing digital experiences through activities like content management, user interface design, and analytics tracking. The report covers market segmentation, drivers, trends, opportunities, and challenges in the industry.
Full articleSummary: Boeing's CST-100 Starliner is set to make its first flight to space with astronauts on May 6, 2024, as part of NASA's programme to transport astronauts to the International Space Station, providing the US with a second operational spacecraft for low-Earth orbit missions.
Full articleSummary: Capital One Financial Co. insider sold 8,656 shares of COF stock. Company reported Q1 earnings missing estimates. Quarterly dividend announced. Institutional investors bought shares. Wall Street analysts have mixed ratings on COF stock.
Full articleSummary: Chevron Corp plans to budget $20 billion for capital projects in 2019, at the high end of its range, focusing on oil and gas production in Permian Basin and other shale investments, as well as investments in the giant Tengiz field in Kazakhstan.
Full articleSummary: Microsoft has updated its terms of service for Azure OpenAI Service to ban US police departments from using integrations for facial recognition, allowing potential use by international law enforcement. This comes amidst increasing scrutiny of generative AI in law enforcement, particularly in terms of accuracy and biases.
Full articleSummary: The Fed decided to keep interest rates steady at the latest FOMC meeting due to stagnant economic signs. Mortgage rates continued to climb past 7% this week, with the 30-year fixed-rate mortgage averaging 7.22%. Mortgage applications fell for the second consecutive week, decreasing by 2.3%.
Full articleSummary: Pfizer is aiming to enter the obesity drug market and potentially challenge competitors like Lilly and Novo Nordisk. Challenges faced in the development of danuglipron, but Pfizer remains determined with multiple experimental obesity drugs in the pipeline. Acquisition of companies like Viking Therapeutics or Altimmune could be on the horizon.
Full articleSummary: Boeing has made significant advancements in the Manned-Unmanned Teaming (MUM-T) technology for naval aviation by showcasing software allowing an F/A-18 pilot to remotely command an MQ-25 Stingray UAS for aerial refueling operations, improving communication efficiency and flexibility. The MQ-25 Stingray is a crucial aerial refueling drone designed to support carrier strike groups and extend aircraft endurance, with plans for over 70 units to be procured by the U.S. Navy. This development represents a milestone in naval aviation, enhancing capabilities and mission profiles for carrier-based operations.
Full articleSummary: Bank of America upgraded shares of MSCI from an underperform rating to a neutral rating with a price target of $525.00. Multiple other analysts have issued varying ratings on MSCI stock. The company reported quarterly earnings that beat analyst estimates and announced a quarterly dividend. Insiders have made significant transactions with the stock recently. Institutional investors have also been actively trading MSCI shares.
Full articleSummary: The jobs data was unexpectedly soft, Fed Chairman Jerome Powell may catch a break, Apple announces record stock buyback
Full articleSummary: Meta Quest 3 is gaining popularity among Steam users, closing the gap with Valve Index in terms of user adoption and is predicted to soon overtake the Index. The Quest 3 has maintained a positive trajectory since its launch and is favored for its exclusives like Batman: Arkham Shadow and Assassin’s Creed Nexus.
Full articleSummary: Atria Wealth Solutions Inc. raised its holdings in BlackRock Multi-Sector Income Trust by 75.2% during the 4th quarter, with the institutional investor owning 49,007 shares of the stock worth $735,000. Multiple other large investors also made changes to their positions in the business including LPL Financial LLC, Cyndeo Wealth Partners LLC, Cambridge Investment Research Advisors Inc., Primoris Wealth Advisors LLC, and International Assets Investment Management LLC.
Full articleSummary: Allianz Technology Trust PLC's share price crossed above its fifty day moving average, with trading volume of 765,961 shares. Insider buying activity was noted with an average cost of GBX 356 per share.
Full articleSummary: Amgen (NASDAQ: AMGN) reported a strong first quarter with a 22% increase in revenue, although adjusted earnings slipped slightly. The stock rose by almost 12% on Friday due to positive quarterly results and exciting news about the progress of its obesity drug candidate, MariTide, shared by the CEO. The company provided guidance for 2024 that broadly met expectations.
Full articleSummary: Axxcess Wealth Management LLC significantly increased its position in FedEx Co. (NYSE:FDX) during the fourth quarter, while other institutional investors also added to their stakes. Chairman Frederick W. Smith and VP Guy M. Erwin II sold shares of FedEx. FedEx's stock price traded down 0.5% on Friday. FedEx reported quarterly earnings which beat expectations and announced a stock buyback plan. Additionally, the company announced a quarterly dividend. Wall Street analysts have issued various ratings on FedEx stock.
Full articleSummary: Caterpillar Inc. has received a consensus recommendation of 'Hold' from analysts covering the stock, with one sell rating, ten hold ratings, and seven buy ratings. The average 12-month target price is $323.35. The most recent quarterly earnings report showed EPS of $5.60, beating estimates, and the company also announced a quarterly dividend.
Full article