Summary: Bank of America has agreed to settle class action claims for charging hidden 'junk fees' on incoming wire transfers. The settlement aims to resolve the complaint filed by plaintiff Aaron Aseltine in North Carolina federal court.
Full articleSummary: Philip Morris International Inc. (PMI) announced strong first-quarter results with diluted EPS growing by 7.8% to $1.38 and adjusted diluted EPS growing by 8.7% to $1.50. The smoke-free business accounted for 39% of total net revenues, leading to top-line growth and significant margin expansion. Products like IQOS and ZYN contributed to the revenue and gross profit growth.
Full articleSummary: MetLife, Inc. announced a first quarter 2024 financial update video by their executive vice president and chief financial officer. The video can be viewed on the company's website.
Full articleSummary: Comcast RISE program offers small businesses in Houston a comprehensive grant package including monetary, marketing, and technology grants to help them grow and thrive.
Full articleSummary: MetLife reported a rise in first-quarter profit due to higher premiums and strong investment returns, with adjusted profit per share at $1.83 compared to $1.52 in the previous year. The higher interest rate environment set by the U.S. Federal Reserve has also benefited insurers.
Full articleSummary: NVIDIA Corp displayed strong performance in early 2024 with a 96% bull rally but faced resistance at $974 leading to a 13% dip. Stock price currently consolidating between $756 and $974. Anticipation for first-quarter earnings report on May 22 with forecasted earnings of $5.18 per share.
Full articleSummary: Nike collaborates with fashion designer Bode for a new collection inspired by American sports from the 1750s and 1970s, featuring the reissue of a 50-year-old Astro Grabber shoe model in two colorways, along with various apparel pieces. The collection launched on May 1 on multiple platforms including Nike SNKRS app, End, Slam Jam, Dover Street Market, and StockX, with prices ranging from approximately SGD170 to SGD597.
Full articleSummary: Saudi Arabia’s Public Investment Fund (PIF) and BlackRock partner to launch a $5 billion multi-asset investment management platform in Riyadh.
Full articleSummary: CVS stock plummeted 16% after reporting first-quarter revenue and adjusted earnings that missed expectations, prompting the company to slash its full-year profit outlook, citing higher medical costs.
Full articleSummary: Indus Towers reported a significant jump in consolidated net profit and revenue from operations for the fourth quarter ended March 2024. The company posted close to a three-fold increase in profit for the year ended March 31, 2024. Brokerage JP Morgan has downgraded Indus Towers stock to neutral from overweight but raised the target price to Rs 340 from Rs 260.
Full articleSummary: The Federal Reserve is unlikely to cut interest rates soon as high interest rates have helped cool the economy, inflation remains above the target rate of 2 percent, and analysts are now projecting fewer rate cuts in 2024.
Full articleSummary: Fortive Corporation announced that its executives will be presenting at a conference. Fortive is a provider of essential technologies for connected workflow solutions across various markets.
Full articleSummary: Dow Jones futures rose modestly early Thursday following mixed trading on Wednesday, influenced by the Fed's decision to slow balance sheet reductions. Carvana (CVNA) and Qualcomm (QCOM) led earnings reports, while Novo Nordisk (NVO) and Apple (AAPL) are scheduled to report soon.
Full articleSummary: CVS missed revenue estimates and revised down its 2024 guidance, expects to raise insurance plan prices due to Medicare reimbursement cuts. CVS's stock traded down more than 13% to reach lowest level since 2009.
Full articleSummary: Starbucks CEO cuts annual guidance for a third straight quarter after the company's worst performance since the pandemic, with all geographic segments, including China, posting a decline. The chain also reduced its full-year revenue growth forecast and adjusted earnings per share, causing shares to drop by as much as 16%.
Full articleSummary: Amazon's AWS reported first-quarter revenue of $25 billion, up 17% year-over-year, beating estimates. CEO Andy Jassy expressed bullish sentiment on AWS and analysts revised outlooks for Amazon's stock price targets.
Full articleSummary: EnerCom Denver - The Energy Investment Conference announces Mike Wirth, Chairman and CEO of Chevron, as the lunch keynote speaker. The conference, to be held from August 18-21, 2024, offers a unique networking opportunity for energy industry professionals to listen to senior management teams from leading companies in the energy sector.
Full articleSummary: United Parcel Service (UPS) received $473,222 in grant funding from the New Mexico Environment Department to replace 16 delivery vehicles with low pollution compressed natural gas (CNG) delivery vehicles, aiming to reduce oxides of nitrogen (NOX) and fine particulate matter (PM2.5). The total project cost of replacing the trucks is $1,440,000.
Full articleSummary: Meta has announced that Batman is coming to its Quest VR experience, potentially enhancing the appeal and popularity of its VR platform. The next installment of the Arkham video game series in Meta's VR environment may be a key move to mainstream success for Meta's Quest units.
Full articleSummary: Charter Communications, Inc. (NASDAQ:CHTR) share price has soared 213% in the last half decade, gaining 91% in three years and up 5.5% in the last seven days. The company became profitable in the last half decade, with strong EPS growth outperforming share price increase in the past three years.
Full articleSummary: Apple is about to release its latest quarterly statement amid pressure in the Chinese market due to weaker iPhone sales compared to a year ago. Analysts are focusing on CEO Tim Cook's commentary about China numbers and anticipate a brighter future with the upcoming AI-driven iPhone 16 model.
Full articleSummary: The European Union is investigating Meta's Facebook and Instagram platforms for suspected breaches of the Digital Services Act, leading to discussions on regulating tech companies to combat disinformation and online manipulation. The investigation may impact how major tech companies operate in Europe and possibly influence regulatory actions in the U.S.
Full articleSummary: Significant bullish options trading activity detected for Nike (NKE) with mixed sentiment among large-scale traders. Investors eyeing a price window from $80.0 to $105.0 for Nike in the near term. Current market status of NKE shows a slight decline in price with neutral RSI values.
Full articleSummary: CVS Health Corp shares are plummeting 18% after the company announced lower-than-expected first-quarter earnings and revenue, and revised its 2024 forecast due to increased medical costs. The stock is on track for its worst daily drop since 2009, hitting four-year lows.
Full articleSummary: Rumors suggest that Apple is planning to release Apple Watch Ultra 3, but with 'almost no' new features compared to the current generation. Analyst Ming-Chi Kuo mentioned this upcoming update.
Full articleSummary: New York City Comptroller Brad Lander urges BlackRock Inc. shareholders to vote against the election of Saudi Aramco CEO Amin Nasser to the board due to potential conflicts of interest related to decarbonization strategy.
Full articleSummary: Kroger and Walt Disney Co. are reportedly exploring a partnership to offer Disney+ to Kroger's grocery delivery subscribers, following a trend of retailers adding subscriptions to enhance revenue and customer loyalty. Kroger saw a 24% increase in delivery sales driven by initiatives like Kroger Boost.
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