Summary: Comcast (CMCSA) closed lower in the latest trading session, but its stock had gained over the past month, with upcoming positive earnings projections. Analysts expect yearly growth in earnings and revenue, with overall positive estimate revisions indicating good business outlook.
Full articleSummary: IBM is in talks to acquire cloud software provider HashiCorp, driving a surge of 24 percent in HashiCorp's stock price. IBM has been focusing on acquisitions to enhance its cloud offerings, with CEO Arvind Krishna leading the strategy.
Full articleSummary: BofA Securities adjusted its outlook on Mattel (NASDAQ: MAT), raised price target to $26 from $25, and reaffirmed Buy rating based on improved gross margin and growth in Hot Wheels billings.
Full articleSummary: Union Pacific Corporation (UNP) is experiencing a significant decrease in its stock price, down 2.81% to $229.65. It is on pace for its largest percent decrease since February 21, 2023, and has broken a four-day winning streak. The stock is also down 6.62% month-to-date, its worst month since September 2023.
Full articleSummary: A federal appeals panel ruled that a mail-in election at Starbucks' Seattle Roastery was correctly ordered by a National Labor Relations Board official, affirming the 2022 NLRB ruling. The court ordered Starbucks to begin bargaining with Starbucks Workers United at the Seattle roastery.
Full articleSummary: BlackRock predicts that the green energy transition will demand $4 trillion in annual investment by the mid-2030s, necessitating enhanced public-private partnerships especially in the Asia-Pacific region. Current investment trends show a significant growth, yet an $18 trillion gap remains to meet the required investments by 2030. Blended finance is highlighted as a crucial mechanism to attract investment, particularly in emerging markets.
Full articleSummary: United Parcel Service, Inc. (NYSE:UPS) conducted their Q1 2024 Earnings Call where they discussed their financial performance, strategic updates, and outlook for the year. Carol Tome highlighted the company's focus on growth, productivity, and efficiency. Brian Newman discussed first quarter results, financial outlook, and the new business with USPS. The company reaffirmed their 2024 financial targets and three-year revenue and operating margin targets outlined at their Investor Day.
Full articleSummary: Microsoft has launched its smallest open AI models to date, Phi-3, which includes Phi-3-mini, a 3.8 billion language model that outperforms models twice its size. The models are designed to be cost-effective, fit on a smartphone, and offer extensive context window of up to 128K tokens.
Full articleSummary: Oracle is moving its world headquarters from Austin to Nashville to focus on the city's health care sector, which was announced by co-founder Larry Ellison at the company's health care summit.
Full articleSummary: Apple has acquired AI tech startup Datakalab, known for efficient AI algorithms ideal for mobile devices. Apple is developing new AI system ReALM to improve voice assistants and is in talks with Google to integrate AI engine into iPhone.
Full articleSummary: Alphabet (NASDAQ:GOOG) is expected to report its first quarter results with a focus on advertising sales and impact of integrating Gemini AI. Analysts expect Q1 EPS of $1.50 and revenue growth of 12.8% to $78.7 billion amid competition from Meta, TikTok, and Amazon in the advertising space.
Full articleSummary: A St. Petersburg court froze the Russian assets of JPMorgan Chase & Co. pending consideration of a lawsuit from VTB Bank PJSC seeking to recover about US$440 million.
Full articleSummary: Texas Instruments reported a decline in revenue for the first quarter of 2024, but provided a positive outlook for the second quarter and expressed optimism about the gradual return to pre-pandemic business patterns across market segments. The company's stock value saw a boost following the earnings report.
Full articleSummary: Boeing continues to face challenges due to shrinking orders and a growing backlog, along with a PR setback following the 737 Max incidents. Analysts discuss a potential deal with Spirit Aerosystems to improve the situation.
Full articleSummary: Caterpillar is expected to report an increase in Q1 revenue and EPS, with Wall Street predicting an adj EPS of $5.14 on revenue of $16.04 billion. The company has consistently beaten EPS estimates since Q1 2020.
Full articleSummary: Texas Instruments and Mattel stocks rose, while General Dynamics and Teledyne stocks fell due to first-quarter financial results and profit forecasts.
Full articleSummary: Texas Instruments and Mattel stocks rise, while General Dynamics and Teledyne stocks fall due to their quarterly financial performance.
Full articleSummary: Rogers Communications signed a 10-year agreement with Comcast to utilize more of its tech including Xumo Stream Box, 10G wireline internet gateway, Storm-Ready WiFi product, and Xfinity-branded home security tech.
Full articleSummary: Microsoft rolled back a fix for an Outlook issue causing incorrect security alerts when opening ICS calendar files due to December security updates triggering alerts patching an information disclosure vulnerability.
Full articleSummary: Costco is selling signed sports memorabilia on its website at much cheaper prices compared to the Fanatics website, offering discounts up to $2,000 on items such as autographed basketballs, jerseys, football helmets, and more.
Full articleSummary: Rogers has announced a 10-year partnership with Comcast to bring Xfinity products and technology to Rogers customers, including Entertainment OS and new gateways with wired and Wi-Fi support. Storm-Ready WiFi backup solution and new home security hardware will also be made available.
Full articleSummary: RTX reported Q4 earnings of $1.34 per share, beating the consensus estimate of $1.23. The company also provided updated guidance for FY24. Insider selling activity was noted, and analysts have mixed ratings on the stock.
Full articleSummary: FedEx and nonprofit Accion Opportunity Fund have partnered to launch the FedEx E-Commerce Learning Lab, a program aimed at helping underserved small business owners, especially women and people of color, enhance their e-commerce abilities. The Learning Lab is made possible through an alliance with 37 Oaks, a social enterprise focusing on commerce development and learning.
Full articleSummary: Leaks from American security and diplomatic sources regarding Israel and Iran are causing anxiety, pressure, and chaos. The disclosure of Israeli involvement in attacks by the Pentagon contradicts Israel's strategic restraint, potentially leading to unnecessary tension and diplomatic complications. The leaks have triggered international reactions, impacting global security and diplomacy.
Full articleSummary: California Public Employees Retirement System reduced its position in PayPal Holdings, Inc. by 4.8% during the 4th quarter, along with other institutional investors making changes in their stakes. Insider selling activity was reported by the SVP. Multiple brokerages adjusted their price targets and ratings on PYPL. The stock price of PYPL was up 0.2%.
Full articleSummary: Investors are advised to consider Vanguard Total Stock Market ETF (VTI) and Vanguard S&P 500 ETF (VOO) for index investing due to their low expense ratios and strong track records. While both ETFs have significant overlap in holdings, VTI offers diversification with 14% invested in stocks outside the S&P 500.
Full articleSummary: Intel stock price has collapsed as focus shifts to the upcoming financial results, with the stock entering a deep bear market after dropping over 32% to $34.28. Despite some positive revenue growth figures, the company's data center and AI divisions have seen a decline in revenue, contrasting with other semiconductor companies' performance in those sectors.
Full article