Summary: Broadcom plans to appeal against the decision of the South Korean Fair Trade Commission imposing a $16 million fine for unfair business practices against Samsung Electronics. The FTC rejected Broadcom's proposal to correct its practices and Broadcom expressed regret and announced plans to appeal to the Seoul High Court.
Full articleSummary: Home Depot has agreed to pay $72.5 million to settle a class-action lawsuit in California alleging underpayment of workers. The settlement covers more than 272,000 employees in California since March 2012.
Full articleSummary: Danaher Corporation (NYSE:DHR) share price has soared 219% in the last half decade and is up 16% in about a quarter. The company achieved compound earnings per share growth of 22% per year, indicating stable investor sentiment.
Full articleSummary: Union Pacific Railroad announced a new domestic intermodal service that will reduce transit time from Southern California to Chicago to three days, aiming to meet customers' needs and reduce greenhouse gas emissions.
Full articleSummary: NASDAQ 100 After Hours Indicator is up. Most active stocks include Pfizer, Apple, Comcast, RTX, Dynatrace, Exxon Mobil, IAC Inc., Cisco Systems, Vestis Corporation, Ford Motor Company, Cognizant Technology Solutions Corporation, and Alphabet Inc.
Full articleSummary: Coinbase's first-quarter earnings report showed strong performance driven by Base platform's surge in volume and revenue, positioning Coinbase as a potential leader in DeFi. The outlook for Q2 remains optimistic, but dependent on crypto prices. Coinbase's custodian fee revenue is expected to rise with the increase in assets under management by new Bitcoin ETFs.
Full articleSummary: Apple stock (AAPL) rose by as much as 6% after reporting Q2 earnings that beat forecasts, less-than-feared sales, and a new $110 billion share repurchase plan. It also announced growth in Greater China, strong Services revenue, and a positive outlook for the next quarter.
Full articleSummary: IBM announced the availability expansion of its software portfolio to 92 countries in AWS Marketplace, making procurement easier for clients and allowing them to use their AWS committed spend for IBM software purchases. This includes AI and data technologies among other offerings.
Full articleSummary: Apple and Amgen rose after positive updates, while Expedia and Fortinet fell due to disappointing forecasts.
Full articleSummary: Google employees gathered for an all-hands meeting named T.G.I.F, executives shared highlights from recent earnings report and cloud-computing conference, but no one broached the topic of the landmark antitrust trial with the Justice Department.
Full articleSummary: Microsoft's security chief pledges significant reforms and strategic shift to prioritize security above all other product features following scathing US government report on weak cybersecurity practices. Plans include adding Deputy CISOs to product teams, linking senior leaders' pay to security goals, and implementing engineering waves for security enhancements.
Full articleSummary: BlackRock MuniVest Fund, Inc. announced the adoption of a discount management program allowing for repurchase of common shares if certain conditions are met, aiming to enhance long-term shareholder value. The Program includes six Measurement Periods and is in effect until September 30, 2025.
Full articleSummary: BlackRock closed-end funds have announced the adoption of discount management programs, offering to repurchase a portion of common shares at a discount on NAV if certain conditions are met. The programs will be executed in four Measurement Periods until March 31, 2025.
Full articleSummary: BCE Inc. reports Q1 2024 earnings in line with expectations, sees revenue decrease but adjusted EBITDA and margin increase, demonstrates strong performance in wireless and fiber services, and continues investments in tech services and digital media.
Full articleSummary: Honeywell International Inc. has entered into a definitive agreement to acquire heads-up-display (HUD) assets of Saab Technology, aiming to strengthen its avionics and safety offerings. Honeywell has also recently agreed to acquire Compressor Controls Corporation to enhance its expertise in industrial control and automation.
Full articleSummary: General Dynamics (GD) closed the trading day with a slight increase from the previous session, despite lagging behind the S&P 500's gain. Analysts expect a year-over-year decline in earnings for General Dynamics, but positive revenue growth. Zacks Rank currently rates GD as Hold with a slight decrease in EPS estimate over the past month.
Full articleSummary: Apple and Meta CEOs Mark Zuckerberg and Tim Cook are still optimistic about virtual reality despite consumer disinterest in headsets. The premier mixed-reality headsets by Apple have seen declining sales while Meta's Reality Labs is still facing significant losses in its metaverse division.
Full articleSummary: Oracle reported quarterly earnings of $1.03 per share, beating expectations, driven by both earnings and revenue surprises. The stock has outperformed the S&P 500 this year with an increase of 38.6%. The current Zacks Rank for Oracle is #3 (Hold), indicating expected performance in line with the market.
Full articleSummary: Jim Cramer guided investors through an upcoming earnings-packed schedule on Wall Street, focusing on companies like Uber, Disney, and Warner Bros. Discovery. He mentioned that weak April labor report may indicate a slowdown in the economy, reducing worries about the Federal Reserve's next move. Cramer highlighted certain stocks to watch based on upcoming earnings reports, including Berkshire Hathaway, American Express, Apple, Coca-Cola, and others.
Full articleSummary: TD Cowen Managing Director of TMT — Media & Entertainment Doug Creutz discusses the challenges of replacing Disney's CEO Bob Iger and the lack of potential successors within the company.
Full articleSummary: Tesla has launched a free trial of its Full Self-Driving (FSD) feature for millions of U.S. drivers, resulting in increased data collection for the development of autonomous driving technology.
Full articleSummary: Apple shares surged 6% on Friday after beating second-quarter earnings expectations and announcing a $110 billion stock buyback program, despite a decrease in overall sales and iPhone sales.
Full articleSummary: AMD celebrates its 55th birthday with a blog post focused on the last five years, highlighting achievements in AI technology and market presence.
Full articleSummary: A Florida resident was sentenced to 78 months for running a counterfeit scam that generated $100 million in revenue from fake networking gear and put the US military's security at risk. The scheme involved fake Cisco products being sold through various platforms like Amazon and eBay.
Full articleSummary: Amgen delivered solid quarterly results and provided positive updates on its investigational drug MariTide, leading to a significant rise in its stock price.
Full articleSummary: Forsyth County commissioners approved nearly a million dollars to entice John Deere to build a new manufacturing facility in Kernersville, creating over 150 jobs by 2030.
Full articleSummary: Paypal stock is moving downwards by 2.29%, with a trend in line with the market index. The stock is classified as a low alpha asset that does not generate additional value compared to the reference index. Technically, the stock is in a strengthening phase with resistance at 67.32 USD and immediate support at 64.15. The outlook indicates a bullish continuation with resistance at 70.49.
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