Summary: Nike has been blamed for the rising price of Liverpool's new home shirt for the 2024/25 season, with the cost of adult shirts increasing to £80 and match jerseys priced at £125 due to an 8.5 percent hike in Nike's manufacturer suggested retail price. Liverpool has offset some of these increases by retailing the shirts at prices 5.5 percent lower than Nike's RRP.
Full articleSummary: JPMorgan Chase faces legal challenges over its Russian dealings with potential asset seizures in Russia following lawsuits, while it is also expected to pay a civil penalty of $100 million for reporting incomplete trading data, as regulators crackdown on the bank's financial practices.
Full articleSummary: Oracle Corporation unveiled new capabilities in Oracle Clinical One Randomization and Trial Supply Management, emphasizing enhancements for addressing dynamic regional regulations and requirements, and promoting speed, reliability, and transparency in trials from start to finish.
Full articleSummary: Microsoft announces plans to provide education and training to 200,000 people and invest $2.2bn in artificial intelligence and cloud infrastructure in Malaysia. This continues Microsoft's trend of similar investments in Indonesia and Thailand as part of its efforts to boost support for AI development globally.
Full articleSummary: Bristol-Myers Squibb Company is set to report Q1 2023 results on Apr 27. The company has beaten earnings estimates in the last four quarters, with factors like growth in key drugs contributing to its performance. However, declines in certain revenues and increased operating expenses are expected to impact results.
Full articleSummary: Securitize, a Miami-based company specializing in tokenizing real-world assets, raised $47M in funding led by BlackRock with participation from other notable investors. The company aims to enhance innovation and expansion in the digital asset securities ecosystem. BlackRock's new tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), issued on Ethereum, is now available to investors through Securitize, offering stable value and daily accrued dividends.
Full articleSummary: Ford Motor Co. collaborates with Jimmy Fallon to offer attendees at the Kentucky Derby the chance to win a new car, with various vehicles like Bronco SUV, F-150 PowerBoost Hybrid Truck, or Mustang Mach-E SUV up for grabs. The sweepstakes will be accompanied by Fallon searching for the best-dressed derby attendees with winners receiving an electrifying surprise vehicle giveaway.
Full articleSummary: Top fund managers running high-conviction portfolios focused on US large-cap stocks that have outperformed across market cycles are identified. These managers follow detailed fundamental research, target quality durable companies, and exhibit patience in holding stocks for the long term.
Full articleSummary: RTX Corporation, formerly Raytheon Technologies, reported impressive Q1 2024 earnings with sales up by 12% and adjusted earnings climbing by 10%. The company showcased resilience and growth despite challenges, affirming its position in the aerospace and defense sector.
Full articleSummary: Pfizer beat revenue forecast and raised profit guidance, CVS Health missed estimates and cut profit outlook, Marriott International had weak earnings and lower guidance
Full articleSummary: Honeywell hosted a methane reduction workshop to help customers in hard to abate industries reduce greenhouse gases. They offer Emissions Management Solution featuring innovative technology to quickly identify methane leaks. Honeywell is also committed to achieving carbon neutrality by 2035 and advancing sustainability goals.
Full articleSummary: Honeywell International Inc. CFO sold shares, raised dividend, and announced earnings results. Institutional trading and analyst upgrades also reported.
Full articleSummary: CVS Health misses Street estimates for its top- and bottom-lines, lowers full-year outlook due to higher medical costs in the insurance industry. Adjusted earnings per share for Q1 fall below analysts' estimates.
Full articleSummary: Informatica Inc. beat expectations with a 13% increase in annual recurring revenue, but its stock barely moved in after-hours trading. The company posted first-quarter net income of $9.3 million and adjusted earnings of 22 cents a share, surpassing analysts' expectations.
Full articleSummary: Nvidia Corp.-backed AI startup CoreWeave has nearly tripled in value to $19 billion following its latest round of funding.
Full articleSummary: Colgate-Palmolive (India) Ltd. shares traded 0.89% higher on Thursday. The company reported a decrease in consolidated sales for the quarter ended 31-Dec-2023 but a significant increase in net profit compared to the same quarter a year ago. Foreign institutional investors held a stake of 24.51% as of 31-Mar-2024.
Full articleSummary: American Tower Corporation (AMT) CEO adopts 10b5-1 trading plan, potentially affecting stock price and investor perception.
Full articleSummary: Recent advances in artificial intelligence driving the market higher. Nvidia, Arm Holdings, and Micron Technology slumped despite strong AI-related advances. Micron announced positive news in AI memory chip shipment.
Full articleSummary: Apple is generating hype for its upcoming Let Loose event on May 7 with enigmatic promotional messages and speculation about the event being 'different'.
Full articleSummary: Boeing whistleblower Joshua Dean, who had alleged serious manufacturing quality defects on the Boeing 737 Max, has passed away due to a bacterial infection. This follows another recent death of Boeing whistleblower John Barnett, but the lawyer representing both emphasized that the timing of these deaths was not suspicious.
Full articleSummary: Alphabet paid $20 billion to Apple in 2022 to maintain its default search engine status on Safari, while Google paid around $15 billion in 2021. The increase in payment reflects the significance of the default search engine position in driving advertising revenue, creating an antitrust concern.
Full articleSummary: AI cloud computing startup CoreWeave raised $1.1 billion at a $19 billion valuation, having already raised $3.5 billion, to support the demand for GPU accelerated cloud infrastructure for AI workloads. It has rapidly expanded its data center presence and employee headcount.
Full articleSummary: Nvidia is updating its ChatRTX chatbot with additional AI models like Google's Gemma and OpenAI's CLIP to enhance user experience for RTX GPU owners.
Full articleSummary: ExxonMobil is negotiating a significant LNG deal with Turkey to diversify its energy sources, potentially marking a strategic shift in Turkey's energy procurement strategy and enhancing its energy security. Additionally, the deal is expected to bolster ExxonMobil's position as a leading global LNG supplier. Financially, the deal would represent approximately 7% of Turkey's total natural gas consumption with an estimated market value of $1.1 billion.
Full articleSummary: IBM Thailand's new managing director stresses the importance of strategic planning, positivity, and informed investments in emerging technologies, particularly artificial intelligence (AI), hybrid cloud, and quantum computing. Schneider Electric in Thailand focuses on aiding organizations in digital transformation for sustainability.
Full articleSummary: Alphabet paid $20 billion to Apple to be Safari's default search engine, under antitrust scrutiny for market dominance. Google payments made up 17.5% of Apple's operating income in 2020.
Full articleSummary: BlackRock closed-end funds announced distributions for various municipal, taxable fixed income, equity, and multi-asset funds. The funds have adopted managed distribution plans to support a level monthly distribution of income, capital gains, and/or return of capital. The distributions are subject to change based on the discretion of each fund's Board of Directors/Trustees.
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