Summary: The April jobs report showed the addition of 175,000 jobs to the US economy, falling short of forecasts. Federated Hermes Chief Equity Strategist Phil Orlando emphasizes the importance of looking at trends over multiple months, and mentions that the Federal Reserve is monitoring various economic data points to assess the labor market's growth.
Full articleSummary: NextEra Energy Partners announced a 6% increase in quarterly distribution per common unit compared to the prior quarter.
Full articleSummary: ExxonMobil doubles its Permian footprint by finalizing the acquisition of Pioneer Natural Resources Company, significantly expanding its upstream portfolio with increased acreage and resources.
Full articleSummary: Google and U.S. Justice Department lawyers presented closing arguments in the ongoing antitrust trial that questions Google's monopoly on search and its impact on competition and innovation. The trial also discussed Google's dominance in the search market and its advertising market practices.
Full articleSummary: PayPal and Block reported growth in transactions, with PayPal focusing on working capital and lending arms, and Block highlighting facilitation of Square Loans. There is a potential for online players like Block and PayPal to gain consideration among more traditional lenders.
Full articleSummary: Cisco Systems, Inc. (NASDAQ:CSCO) is about to trade ex-dividend in the next 3 days. Investors need to purchase Cisco Systems' shares before the 5th of April to receive the dividend of US$0.38 per share on the 27th of April. Cisco Systems has been paying a dividend of US$1.52 per share over the last 12 months, with a trailing yield of around 2.7% on the current share price.
Full articleSummary: Google expanded Performance Max to help merchants drive sales directly through online marketplaces, such as Amazon. Performance Max for Marketplaces allows sellers to create Google ad campaigns that send traffic to their product listings on third-party ecommerce platforms without needing a website or Merchant Center account.
Full articleSummary: A major antitrust trial against Google is coming to a close, with the government accusing Google of creating an illegal monopoly by engaging in exclusive agreements with device-makers and web browser companies. Google argues that its search engine is superior and that users have the option to use other search engines.
Full articleSummary: Honeywell anunciou uma nova tecnologia de produção de combustível sustentável para aviação, a Unicrackin Fischer-Tropsch, que reduz os custos e os resíduos de produção, além de diminuir em 90% a intensidade de carbono em comparação com os combustíveis fósseis convencionais. A DG Fuels adotará a tecnologia em sua nova planta de biocombustíveis nos EUA, com previsão de produção de 13.000 barris de SAF por dia a partir de 2028. Honeywell tem como objetivo alcançar emissões líquidas zero de carbono da aviação internacional até 2050, expandindo seu portfólio de tecnologias de combustíveis renováveis.
Full articleSummary: Charles Schwab (NYSE:SCHW) has outperformed the market over the past 20 years by 2.61% on an annualized basis with an average annual return of 10.6%. If an investor had bought $100 of SCHW stock 20 years ago, it would be worth $775.38 today. The key takeaway is the impact of compounded returns on cash growth over time.
Full articleSummary: Apple, Inc. announced a massive $110 billion buyback program along with a dividend increase, propelling its stock sharply higher. The buyback is the largest in U.S. corporate history and exceeds the market caps of many S&P 500 companies. This move highlights the focus on bolstering shareholder returns in the current market environment.
Full articleSummary: Honeywell released its 2024 USB Threat Report, highlighting 'silent residency' as a growing cyber threat for industrial facilities using USB devices. The report emphasizes the risk of 'living off the land' attacks and the severe consequences of malware on industrial control systems.
Full articleSummary: BlackRock's IBIT and Grayscale's GBTC spot bitcoin ETFs experience outflows amid decline in crypto prices and waning investor interest, contrasting with successful launches earlier; some signs of positivity with new ETFs in Hong Kong seeing strong inflows.
Full articleSummary: Deere & Company reported a 47% jump in net income and a 16% increase in sales for the fiscal third quarter, beating analysts' estimates. Despite weakness in certain sectors, the company's performance was attributed to disciplined execution of business plans.
Full articleSummary: Friday's market rally is pushing the major U.S. stock benchmarks into positive territory for the week with Club holding Apple leading the gains, while Alphabet faces a slight decline. Coterra Energy reported better-than-expected Q1 earnings and is focusing on disciplined natural gas production. Diamondback Energy is being considered for Jim Cramer's Bullpen list as oil prices stabilize. Constellation Brands is expected to benefit from Cinco de Mayo, and Disney's upcoming earnings report will shed light on the company's performance.
Full articleSummary: Starbucks Corp. (SBUX) faces challenges with plunging shares and declining sales, leading to a lowered full-year revenue growth forecast. CEO Laxman Narasimhan's approach is under scrutiny amidst industry experts' questions on his leadership. The company aims to enhance service efficiency, offer more discounts, introduce new products, and expand food offerings beyond peak hours to counter the slump.
Full articleSummary: Attackers are evading detection by using Microsoft Graph API to access resources on Microsoft cloud services. The technique was brought to light by Symantec researchers in October 2021 with the Harvester group, and was recently used in an attack in Ukraine. Sophisticated actors like APT28 and APT29 have adopted the use of this API for malicious operations.
Full articleSummary: Scotiabank analyst Paul Cheng maintained a Hold rating on Conocophillips (COP) with a price target of $135.00, while the analyst consensus is Strong Buy with a price target of $143.24. Corporate insider sentiment is negative with recent selling activity by the Chairman & CEO.
Full articleSummary: Microsoft has updated its terms of service for Azure OpenAI Service to prohibit U.S. police departments from using generative AI for facial recognition, with additional restrictions globally for real-time facial recognition on mobile cameras. The new policy still allows facial recognition with stationary cameras in controlled environments and does not apply internationally.
Full articleSummary: Boaz Weinstein is pushing to remove BlackRock as a manager of a number of closed end funds, leading to a bitter dispute between the two parties involving accusations of mismanagement and conflicts of interest.
Full articleSummary: Coca-Cola and Microsoft have announced a five-year strategic partnership aiming to drive artificial intelligence (AI) innovation across Coca-Cola's operations. The deal expands on an earlier partnership, with Microsoft being named as Coca-Cola's preferred and strategic cloud and AI platform.
Full articleSummary: Consumer Financial Protection Bureau closed its probe into PayPal and Venmo after a three-year investigation involving unauthorized funds transfers and collections processes. Analysts view the outcome as beneficial for both parties, creating clarity for regulatory hurdles in the P2P payment sector. Despite past federal investigations and warnings by CFPB, a more congenial path forward is expected.
Full articleSummary: Vanguard Group Inc. recommends investors to increase allocation to bonds over stocks due to the Federal Reserve's slowed path toward cutting interest rates and potential for better risk-adjusted returns for bonds over the next five years.
Full articleSummary: NVIDIA is launching the next-gen Blackwell platform with B-series GPUs integrated with their own Grace Arm CPU, with high expectations for GB200 shipments potentially making up nearly 40 to 50% of NVIDIA’s high-end GPU market by 2025. The production volumes for GB200 and B100 are not expected until 4Q24 or 1Q25. TSMC is set to increase CoWoS capacity needs for 2024, with NVIDIA's demand expected to make up more than half of this capacity by 2025. NVIDIA and AMD's AI development is pushing HBM3e into mainstream market dominance by the second half of the year, with plans for transitioning to HBM3e, expanding HBM capacity, and evolving GPUs equipped with HBM3e.
Full articleSummary: Analyst recommendations for Nvidia (NVDA) average around 1.20, suggesting a Buy. However, relying solely on these recommendations may not always be beneficial as analysts tend to be overly optimistic due to their firms' interests. Using Zacks Rank, which focuses on earnings estimate revisions, could be a more effective way to predict stock price movements.
Full articleSummary: Oracle Academy staff attended an AI-focused event in Denver, highlighting free resources for higher education. The event featured demonstrations of AI tools by Oracle experts, sparking engaging conversations among attendees.
Full articleSummary: Magnolia Capital Advisors LLC increased its stake in Alphabet Inc. by 12.1% in the 4th quarter, owning 17,864 shares worth $2.7 million. Other institutional investors also made changes to their positions. Analysts have given GOOGL stock various ratings, with a consensus rating of 'Moderate Buy' and target price of $190.60. Alphabet reported earnings surpassing estimates in the last quarter.
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