Summary: BlackRock Advisors, LLC announced a tender offer to repurchase 50% of BlackRock Municipal Income Fund, Inc.'s outstanding common shares at 98% of the Fund's net asset value per common share, subject to its conversion to an unlisted closed-end fund by December 31, 2024. The Conversion is expected to be completed in the second half of 2024, pending various approvals.
Full articleSummary: BlackRock Advisors, LLC announced a tender offer to repurchase 50% of the outstanding common shares of BlackRock Municipal Income Fund, Inc. The offer is contingent on obtaining approvals for the conversion of the Fund from an exchange-listed closed-end fund to an unlisted closed-end fund. The Conversion is expected to be completed in the second half of 2024.
Full articleSummary: Apple continues to work on its foldable iPhones, aiming for a potential launch in 2025 with two different sizes. The company is facing challenges in meeting its design expectations, including an ultra-thin body and visible displays when folded. Apple is also reportedly working on a folding tablet around the size of an iPad Mini.
Full articleSummary: Blackrock Silver Corp shares closed at $0.32 after a decrease of -3.03% from the previous day's close. TSX Composite closed at 21947.41 (-0.57%), S&P 500 at 5064.20 (-0.91%), Dow Jones at 38225.66 (-0.85%), and Nasdaq at 15840.96 (-1.51%). BRC.VN listed on TSX-V, and market capitalization is $73.60 million.
Full articleSummary: BlackRock MuniVest Fund, Inc. announced the adoption of a discount management program, where they intend to repurchase a portion of common shares if trading at an average daily discount to net asset value exceeds 7.50% during specified periods. The Program is expected to enhance long-term shareholder value but offers no guarantees on the effect on the market or share trading.
Full articleSummary: United Parcel Service developed Message Response Automation (MeRA) using generative AI to streamline customer service operations, which has shown positive results in handling customer issues and improving agent efficiency.
Full articleSummary: Cable Internet Service Provider WideOpenWest (WOW!) received a surprise offer from private equity firms DigitalBridge Investments and Crestview Partners to take the company private at $4.80 per share, representing a 32% premium over the closing price on May 1, 2024. The offer gives WOW! a valuation of about $400 million.
Full articleSummary: BlackRock closed-end funds announced adoption of a discount management program consisting of four Measurement Periods expiring in 2025 with the goal of repurchasing shares at a discount, promoting long-term shareholder value.
Full articleSummary: Microsoft announced plans to accelerate its Secure Future Initiative by expanding its security makeover, restructuring upper management, and implementing changes to governance and executive compensation. The company will review progress weekly with senior leadership and quarterly with the board of directors.
Full articleSummary: U.S. Bank has sold its downtown office building at 425 Walnut near Fountain Square to Atlanta-based Crescent Investment Group. The bank plans to lease a significant portion of its current space and might relocate some office jobs to a facility at Lunken Airport. The new owners have agreed to keep the bank's name on the building and make new investments in the property.
Full articleSummary: The Charles Schwab Corporation (SCHW) closed at $59.68, marking a -1.36% move. Analysts expect a decrease in EPS and revenue. Positive estimate revisions reflect analyst optimism. The company has a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 18.51 and a PEG ratio of 2.03.
Full articleSummary: Tesla has brought the color Quicksilver from 'world’s most advanced paint shop' at Gigafactory Berlin to the United States for the Model Y, along with a price decrease for Solid Black color.
Full articleSummary: Eli Lilly & Co's stock price experiences a decrease of -2.77% during this trading session but shows a positive YTD performance of +26.08%. The company raised its 2024 sales forecast by $2 billion due to surge in demand for weight-loss drugs, leading to a 67% increase in Q1 2024 net income. Despite competition heating up, analysts remain optimistic about the company's prospects.
Full articleSummary: Amgen Inc.'s stock price surged by +11.82% to $311.29 with a year-to-date increase of +8.08%. The company's strong performance is attributed to promising results from its obesity drug trial and solid Q1 2024 financial performance, drawing investor attention in the biotechnology sector.
Full articleSummary: Boeing whistleblower Joshua Dean passed away after raising concerns about manufacturing defects in Boeing's 737 MAX. His family described his last weeks as 'brutal'. Joshua Dean is the second whistleblower to die recently after coming forward about safety issues in the aviation manufacturing industry.
Full articleSummary: Staples announces second quarter earnings in-line with estimates but revenues slightly below expectations. Lowe's to launch home improvement stores in Australia in 2011.
Full articleSummary: BMO Equal Weight US Bank ETF experienced a slight gain in share prices, closing at $29.37, up by 0.75% from the previous day. The ETF is listed on the Toronto Stock Exchange (TSX) under the ticker ZBK. The overall market saw positive movements, with TSX Composite up by 0.57%, S&P 500 by 0.91%, Dow Jones by 0.85%, and Nasdaq by 1.51%.
Full articleSummary: U.S. Bank has sold its downtown office building at 425 Walnut near Fountain Square to Crescent Investment Group, potentially increasing vacancy rates in Cincinnati's central business district. The bank plans to lease a significant portion of its current space and might relocate office jobs to a facility at Lunken Airport, with no job reductions expected. The new owners have agreed to keep the bank's name on the building and make investments in the property.
Full articleSummary: The weight and payload capabilities of Tesla's Semi truck have been a closely guarded secret, but recent videos demonstrate its capacity to carry heavy loads like five Model 3 Tesla cars and up to 50,000 pounds in concrete dividers. Some skepticism remains as to the practicality and efficiency of the Semi compared to diesel trucks.
Full articleSummary: Oracle Database 23ai is now generally available, offering AI Vector Search capabilities enabling real-time AI operations in databases, and Graph relational unification, and mission-critical features like Oracle Globally Distributed Database and Oracle True Cache.
Full articleSummary: Aetna, a health insurance company, has agreed to settle a lawsuit by providing standard coverage for artificial insemination for all customers across the U.S. and ensuring equal access to in-vitro fertilization procedures. Aetna covers nearly 19 million people with commercial coverage. The deal includes setting aside a $2 million fund for reimbursement of denied artificial insemination coverage.
Full articleSummary: Boeing is threatening to lock out its private firefighters in the Seattle area and bring in replacements if workers don't accept the company's offer on wages. The labor dispute has escalated due to differences in pay raises and top pay scale waiting period. The company claims to have made arrangements with replacements and assures operational continuity at its plants.
Full articleSummary: Several Cisco IP phone models are vulnerable to security gaps that allow attackers to access sealed-off information and conduct DoS attacks. Cisco has issued a warning about three vulnerabilities and specified the affected phone models.
Full articleSummary: Booking Holdings Inc. reported strong financial results for the first quarter of 2024, including increases in gross travel bookings, room nights booked, total revenues, net income, and adjusted EBITDA. The company also declared a cash dividend of $8.75 per share for the second quarter of 2024.
Full articleSummary: Director Alan G. Spoon of Danaher Corp (NYSE:DHR) sold 708 shares and acquired 3,289 shares through options, resulting in a net decrease in his holdings. The transactions were disclosed in a regulatory filing, indicating a significant change in Spoon's investment position.
Full articleSummary: Wells Fargo analyst states that the weakness in Apple iPhone sales in China is exaggerated.
Full articleSummary: Microsoft introduces Passkeys for Microsoft consumer accounts as an alternative to passwords, allowing for more secure sign-on methods.
Full article