Summary: Toronto-Dominion Bank's US expansion has negatively impacted profitability and reputation, with failed acquisitions and a money-laundering probe contributing to underperformance compared to peers.
Full articleSummary: Jefferies confirms 'hold' rating on PayPal with unchanged price target of $65 due to extended partnership with Adyen enabling launch of Fastlane offering in the US.
Full articleSummary: Chevron is investing US$1 billion to set up a new research and development hub in Bengaluru, emphasizing on advancing technology solutions for global operations and lower carbon energy future.
Full articleSummary: FDA accepted Bristol Myers Squibb's sBLA for Opdivo plus Yervoy as a potential first-line treatment for liver cancer based on positive phase 3 trial results.
Full articleSummary: Ford Motor Co. is recalibrating its electrification strategy, canceling plans for a fully electric SUV to focus on delivering EVs priced competitively with traditional vehicles. This shift may cost the carmaker around $1.9 billion.
Full articleSummary: Ford is adjusting its North American vehicle roadmap to include hybrids and affordability, dropping plans for all-electric SUVs and shifting focus to batteries and manufacturing efficiency.
Full articleSummary: Chevron (NYSE: CVX) is a diversified integrated energy company involved in the upstream, midstream, and downstream segments of the energy sector. Its strong balance sheet with a low debt-to-equity ratio and a history of consistent dividend increases make it an attractive investment option for conservative investors. However, the potential volatility in oil prices could lead to significant fluctuations in Chevron's stock price and dividend yield.
Full articleSummary: Meta Platforms (NASDAQ:META) saw a double-digit share price rise of over 10% in the past couple of months, trading at yearly high levels. Valuation model suggests it is fairly priced but trading below intrinsic value. Future outlook indicates earnings expected to increase by 44% in the next few years.
Full articleSummary: Organon expanded its agreement with Eli Lilly and Company to become the sole distributor and promoter of Emgality in new markets. The deal includes an upfront payment of $22.5 million and sales-based milestone payments.
Full articleSummary: Eoflow announced a rights offering capital raise of 9.1 million new shares, representing share dilution of 23%.
Full articleSummary: Boeing paused testing of its troubled 777-X aircraft due to structural problems with a component between the engine and the wings. Engineers are working on replacing the part.
Full articleSummary: PayPal stock price has surged, reaching its highest point since August 2023, after rising for six consecutive days and jumping by over 43% from its December low, following an extended partnership with Adyen.
Full articleSummary: Americans now think it takes an average of $2.5 million to be considered wealthy in 2024, up from $2.2 million in previous years. Millennials and Gen Z have lower thresholds for wealth compared to Boomers. Survey shows varying perceptions across different geographic regions.
Full articleSummary: CVS Pharmacy unveiled a collection of journals featuring cover designs inspired by mental health and wellness journeys of colleagues, showcasing art as an outlet and promoting self-expression and well-being.
Full articleSummary: Blue Trust Inc. significantly increased its position in Colgate-Palmolive during the second quarter, other institutional investors also adding to their stakes. Colgate-Palmolive announced a dividend and exceeded earnings estimates in the recent quarter. Analysts have been upgrading the stock with an average price target of $101.11.
Full articleSummary: Chevron announces plans to invest $1 billion in a new technology hub in India, focusing on developing cutting-edge solutions for the energy sector and collaborating with local startups and research institutions.
Full articleSummary: Bristol Myers Squibb's supplemental Biologics License Application for Opdivo plus Yervoy as a first-line treatment for hepatocellular carcinoma is accepted by the FDA based on positive trial results, with a PDUFA goal date set for April 21, 2025.
Full articleSummary: Target reported better-than-expected profit due to renewed traffic to stores from price cuts on daily essentials, leading to a more than 13% jump in shares in premarket trading.
Full articleSummary: CVS Pharmacy unveiled a new collection of journals featuring cover designs inspired by mental health and wellness journeys of four CVS Health colleagues.
Full articleSummary: Foot Locker is reopening its iconic store on 34th Street in New York City, introducing a new concept 'Home Court' featuring multiple brands and a fresh Kids Foot Locker experience. The store emphasizes a commitment to sneaker and basketball culture, offering immersive experiences and enhanced technology for customers.
Full articleSummary: Medtronic slightly lifted its annual profit forecast, expecting steady growth from new products and investments. The company also announced partnerships and remains focused on high growth areas.
Full articleSummary: Meta's AI research team is developing Self-Taught Evaluator for large language models (LLMs) to reduce time and resource requirements for enterprises. They published a paper on the technology that claims these evaluators could help LLMs create their training data.
Full articleSummary: Zimmer Biomet Holdings, Inc. announced its participation in two healthcare conferences in September where its management team will present.
Full articleSummary: Uber hires former Tesla executive to oversee shift to electric vehicles.
Full articleSummary: Edwards Lifesciences Corporation will participate in the Wells Fargo Healthcare Conference on Sept. 5, 2024, with the CEO and CFO presenting at 10:15 a.m. ET.
Full articleSummary: Warren Buffett's Berkshire Hathaway filed Form 13F revealing a 45-stock portfolio, with 79% of invested assets in 8 core holdings, including a surprising emphasis on energy stocks. Buffett sold over 500 million Apple shares and over $3.8 billion of Bank of America stock. Beside core holdings, there are 20 billion-dollar wagers and 17 smaller holdings in the portfolio.
Full articleSummary: Boeing's shares fell over 4% following the suspension of flight tests for the 777X airplane due to quality issues with a key mounting component for one of its engines.
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