Summary: General Dynamics had their FY2024 EPS estimate cut by Seaport Res Ptn analysts. The stock has a consensus rating of 'Moderate Buy' with a consensus price target of $283.80. The company also increased its quarterly dividend and had insider selling activities.
Full articleSummary: Vertex, Inc. has been selected to join the Oracle Independent Software Vendor Accelerator for SaaS Initiative, which aims to enhance customers' finance and sales processes by integrating essential tax solutions into Oracle Fusion Applications. The partnership with Oracle has resulted in performance boosts and faster time to 'Go Live' for customers.
Full articleSummary: The U.S. Supreme Court appeared to side with Starbucks in a case regarding a National Labor Relations Board injunction, stating that courts should consider various factors when the board suspects a company of interfering in unionization campaigns.
Full articleSummary: Chevron, ExxonMobil, Galp Energia, and other IOCs plan to double down on exploration in Namibia, ensuring local participation. Chevron to drill exploration well on PEL 90 in December after fast-tracking 3D seismic acquisition. ExxonMobil committed to expanding activities in Namibia similar to success in Guyana. Galp focused on local job creation and skill development.
Full articleSummary: LSBF partners with Salesforce for their Business Development Techniques Certificate, incorporating Salesforce's CRM system to enhance relationships with consumers and attract new ones.
Full articleSummary: Oracle is relocating its world headquarters from Texas to Tennessee.
Full articleSummary: Cloud trade body CISPE criticizes Broadcom over VMware licensing concessions, claiming they do not address key issues like price hikes and product bundling. CISPE argues that Broadcom's subscription models force cloud provider partners to commit and pay in advance for capacity they may never use, hindering flexibility and scalability for customers and providers. There are concerns that Broadcom's decisions will stifle innovation and cloud competition.
Full articleSummary: McDonald's in Amarillo and nearby areas will be giving back a portion of sales on April 30th to 100 Club of the Texas Panhandle, a non-profit assisting families of peace officers and firefighters, providing equipment and support to first responders.
Full articleSummary: Bristol Myers Squibb collaborates with Cellares to secure capacity for producing CAR T cell therapies and diversify supply chain, with strong geopolitical overtones due to U.S.-China tensions and the proposed BIOSECURE Act
Full articleSummary: Citigroup downgraded Molson Coors Beverage from a neutral rating to a sell rating with a decreased price target, while other analysts have recently issued mixed ratings for the stock.
Full articleSummary: U.S. stocks rose in early trading on Wednesday led by Tesla surging ahead of its earnings. Boeing shares were also up after better-than-expected first-quarter results. Tech stocks rallied for a second day with investors buying the dip.
Full articleSummary: JPMorgan Chase CEO expresses confidence in a robust U.S. economy backed by strong employment and healthy consumer finances, warning about rising national debt, inflation, and geopolitical conflicts. He advocates for more 'practitioners' in government roles.
Full articleSummary: The Home Depot has been recognized by the U.S. Environmental Protection Agency (EPA) as 2024 ENERGY STAR Partner of the Year for Sustained Excellence, highlighting their commitment to energy efficiency and environmental stewardship.
Full articleSummary: MetLife CEO's letter highlights the success of the Next Horizon strategy to achieve resilience and exceed commitments. The company performed well in 2023 across various business segments and geographies, showing strong fundamentals and strategic initiatives for long-term growth.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon praised Indian Prime Minister Narendra Modi for his efforts in poverty alleviation, infrastructure development, and bureaucratic reforms. Dimon highlighted the remarkable progress India has made under Modi's leadership.
Full articleSummary: British antitrust regulators seek views on partnerships between Microsoft and Amazon with smaller generative AI model makers, including Microsoft's investment in Mistral and Amazon's investment in Anthropic, CMA trying to determine if these qualify as mergers.
Full articleSummary: Lockheed Martin Australia signed a landmark AUD$500 million contract with the Department of Defence to build Australia’s future Joint Air Battle Management System under project AIR6500 Phase 1, aiming to advance the country’s integrated air and missile defence capability.
Full articleSummary: Apple announces an event scheduled for May 7 to unveil the latest iteration of iPads, with expectations of new M3 silicon chip, larger 12.9-inch iPad Air, OLED display upgrade for iPad Pro models, and new keyboard accessories like the Magic Keyboard. The focus is also on the promising potential of M3 silicon in handling AI tasks and the possibility of Apple delving into AI domain with a potential Gemini Nano licensing deal with Google.
Full articleSummary: Texas Instruments TXN stock jumped 6.5% on Wednesday following a strong second-quarter revenue forecast, leading to a rally in chip stocks. The company is seen as a bellwether for semiconductor demand and is expected to continue driving a recovery profile into the second half of the year and beyond.
Full articleSummary: Bank of America upgraded Tesla to buy from neutral based on first-quarter results showing a 52% upside from Tuesday's close, as CEO Elon Musk mentioned the possibility of starting production of new affordable vehicles sooner than expected. Multiple analysts are positive on the stock's outlook, while some remain skeptical and give neutral or underperform ratings.
Full articleSummary: Cerity Partners LLC increased its holdings in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund during the fourth quarter, with other large investors also modifying their holdings. The fund's dividend was cut and it declared a monthly dividend with a yield of 4.93%.
Full articleSummary: Salesforce expands its Salesblazer Community by adding new capabilities for real-time collaboration through Slack, providing networking, job postings, events, and live advice to sales professionals worldwide. The initiative aims to address the lack of advancement opportunities in the sales industry.
Full articleSummary: Salesforce has launched Salesforce Spiff, an incentive compensation management functionality integrated with their Sales Cloud CRM, to automate commissions and motivate sellers. The product aims to help organizations drive more revenue and improve sales performance by simplifying and automating the commission process.
Full articleSummary: Broadridge Financial Solutions Inc. has launched two solutions on the Salesforce AppExchange to empower customers in scaling their businesses, accelerating digital transformation, and increasing advisor productivity.
Full articleSummary: Boeing reported a narrower-than-expected loss and lower cash burn than anticipated in the first quarter amidst the latest 737 Max safety crisis. However, the commercial airplane unit revenue dropped by 31% and deliveries have slowed sharply this quarter. The company is focused on stabilizing its supply chain and production process.
Full articleSummary: Tech giant Cisco Systems signed a Vatican-sponsored pledge to ensure ethical development and use of artificial intelligence, joining Microsoft and IBM in the initiative.
Full articleSummary: SoFi Technologies, listed as NASDAQ: SOFI, has shown strong growth trends and profitability potential, outperforming Bank of America. Its revenue has been rapidly increasing, and it is expected to continue growing by 20% to 25% annually over the next three years. SoFi reported its first-ever quarterly profit and is forecasted to have increasing EPS in the future.
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