Summary: Rick Wurster has been appointed as the new president of The Charles Schwab Corporation. His client focus aligns with the firm's strategy that has been guiding it for almost 50 years. His organization will cover various services out of the Westlake, Texas Charles Schwab corporate office.
Full articleSummary: Google and the US Justice Department clashed in court over antitrust allegations regarding search advertising dominance. The court is set to make a decision in the coming months on whether Google's conduct violated antitrust laws.
Full articleSummary: Bank of New York Mellon Corp (BK) reported a significant increase in net income to $1,027 million in Q1 2024, up from $206 million in the previous quarter. The company also saw growth in total fee and other revenue, highlighting a strong financial performance. SWOT analysis emphasizes BK's market leadership, financial health, operational risks, competitive pressures, opportunities in technological advancements and strategic partnerships, and threats from market volatility and regulatory changes.
Full articleSummary: JPMorgan Chase will host an Investor Day in New York City featuring presentations by executive management. The event will take place on May 20, 2024, with live webcasts available for replay later.
Full articleSummary: JPMorgan Chase & Co. will host an Investor Day in New York City with presentations by executive management on May 20, 2024. The event will be accessible to the public through dial-in numbers and a live audio webcast, with presentation slides posted on their website on the event day.
Full articleSummary: JPMorgan Chase & Co. will host an Investor Day in New York City on May 20, 2024, with presentations by executive management. The event will be accessible to the public via dial-in numbers and live audio webcast, with presentation slides posted on the company's website.
Full articleSummary: 1. Yong Rong HK Asset Management emerges as top holder in BlackRock Bitcoin ETF with a $38M investment. 2. Ovata emerges as the biggest buyer in Bitcoin ETF market, investing $74M in various funds. 3. Bitcoin price surpasses $61,000 amidst market dynamics, signaling resilience and potential.
Full articleSummary: Tesla has filed a lawsuit against an Indian battery maker for infringing its trademark by using the brand name 'Tesla Power' to promote its products.
Full articleSummary: Salesforce CEO Marc Benioff sold a significant amount of shares of Salesforce stock in various transactions in April and May, with the most recent being on May 1st. The CEO now directly owns over 12 million shares in the company.
Full articleSummary: Envista (NYSE:NVST) had its target price dropped by JPMorgan Chase & Co. researchers, with an 'overweight' rating and a potential upside of 20.99%. Several other analysts have issued varying ratings on the stock. Despite earnings missing estimates, the stock is currently rated as 'Hold' with an average price target of $25.86.
Full articleSummary: Microsoft's new focus on security leads to a positive investor response, with shares rising over 2% on Friday. The company emphasizes security as a top priority, tying employee pay partly to security metrics and focusing on developing new features and adding cybersecurity leaders. Additionally, Microsoft has upcoming releases in gaming, including a potential handheld Xbox in development.
Full articleSummary: Caterpillar Inc. (CAT) received a consensus recommendation of 'Hold' from analysts and has a 1-year price target of $323.35. The company reported higher than expected quarterly earnings. A quarterly dividend of $1.30 per share was announced, with a dividend yield of 1.54%. Insider buying and selling activities were observed at Caterpillar.
Full articleSummary: Research analysts at Capital One Financial increased their FY2024 earnings per share (EPS) estimates for Viper Energy. Viper Energy reported quarterly earnings results, beating analysts' consensus estimates. Several analysts have issued buy ratings for VNOM stock, with an average price target of $41.29.
Full articleSummary: Several major food and beverage companies, including PepsiCo, Nestlé USA, and The Coca-Cola Company, have donated over $1 million each to defeat a ballot initiative that would require labeling of genetically modified foods in Washington. The Grocery Manufacturer's Association (GMA) disclosed that businesses affiliated with them have contributed a total of $7.2 million towards defeating Initiative 522. GMA decided to reveal the funding sources after being sued by Washington Attorney General for violating campaign disclosure laws.
Full articleSummary: Tesla has revoked summer internship offers from more than a dozen students just weeks before their start dates, leading to distress and uncertainty among the affected interns. The cancellations are seen as fallout from Tesla's recent job cuts and amidst challenges with declining sales and increasing competition.
Full articleSummary: Tech giants Amazon and Google have reportedly stopped PERM applications, making it tougher for foreign job seekers to secure US jobs, leading to potential challenges for existing foreign tech workers.
Full articleSummary: Exxon Mobil's $60 billion deal to buy Pioneer Natural Resources received clearance from the Federal Trade Commission. However, the former CEO of Pioneer, Scott Sheffield, was barred from joining the new company's board due to allegations of colluding with OPEC to potentially raise crude oil prices.
Full articleSummary: Tesla Inc files a trademark infringement case against Tesla Power India Ltd in India, prompting a legal battle. Tesla Power India Ltd refutes claims. Tesla Inc discovered Indian company using its brand name in 2022 and issued a cease-and-desist notice.
Full articleSummary: Cisco Systems (CSCO) closed slightly higher in the latest trading session. Analysts are optimistic about the company's upcoming earnings release, expecting an increase in EPS and revenue compared to the prior year. The Zacks Rank for Cisco Systems is currently at #3 (Hold), indicating moderate performance expectations.
Full articleSummary: Coca-Cola HBC AG's price-to-earnings ratio of 17.5x is comparable to the median P/E in the UK at about 16x, indicating a fairly valued stock. The company has shown strong earnings growth in the past year, with analysts predicting a continued 14% annual growth in the next three years. Shareholders seem optimistic about the company's future prospects and the stable P/E ratio reflects a market-matching earnings outlook.
Full articleSummary: Chevron Co. (NYSE:CVX) stock price dropped 2.1% during trading on Friday. Several equity analysts have reiterated a 'buy' rating on Chevron's stock. Chevron reported earnings per share of $2.93 for the quarter, beating the consensus estimate. The company also announced a quarterly dividend of $1.63 per share.
Full articleSummary: Merit Financial Group LLC reduced its holdings in Chevron Co. by 28.4% in the fourth quarter, as per its recent Form 13F filing. Other hedge funds also made adjustments to their holdings in Chevron. The company's price performance on NYSE showed a slight decrease on Friday, it last announced positive earnings results and a quarterly dividend. Analysts have set new price targets for Chevron, with several recent research reports showing positive sentiment towards the stock.
Full articleSummary: Caterpillar (CAT) is an Industrial Products stock with a focus on dividends, currently offering a dividend yield of 2.21% and an annualized dividend growth rate of 3.7%. The company's earnings are expected to increase by 13.88% for this fiscal year.
Full articleSummary: Analysts at Wells Fargo and Barclays hold rating on Stanley Black & Decker, Inc. (SWK) while company reported earnings showing a decrease in revenue and profit compared to last year.
Full articleSummary: BMO Capital analyst Evan Seigerman maintained a Buy rating on Amgen (AMGN) and set a price target of $355.00. Piper Sandler also maintained a Buy rating on the stock with a $344.00 price target. Amgen has an analyst consensus of Moderate Buy with a price target consensus of $319.38.
Full articleSummary: Analysts from Wells Fargo and Truist Financial issued Buy ratings on Conocophillips, with price targets of $151.00 from Wells Fargo and a Hold rating from Scotiabank. The company's shares closed at $122.23.
Full articleSummary: Analysts Neil Kalton and Sophie Karp both maintained Hold ratings on Exelon, while BMO Capital maintained a Buy rating. Exelon reported a quarterly revenue of $4.43 billion and a net profit of $343 million, with a decrease from the previous year's numbers.
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