Summary: Boeing engineers' union accuses Boeing of alleged retaliation against workers who raised concerns about FAA engineering oversight, leading to negative performance reviews. Boeing denies allegations, stating no evidence of retaliation found after investigation.
Full articleSummary: Boeing is facing scrutiny over its safety and corporate culture, with concerns about manufacturing defects and internal company changes being required as a result of serious safety incidents. However, experts emphasize that despite these issues, Boeing airplanes are safe overall and aviation remains one of the safest modes of transportation.
Full articleSummary: Wedge Capital Management L L P NC reduced its stake in Union Pacific Co. by 41.3% in the fourth quarter. Other institutional investors and hedge funds have also adjusted their holdings of the company. Union Pacific reported a quarterly dividend and analysts set new price targets for the stock. Additionally, insider selling activity by President Elizabeth F. Whited was disclosed.
Full articleSummary: Costco has outperformed its rivals, Ulta Beauty and Lululemon Athletica are considered attractive alternatives for investors. Ulta Beauty is experiencing slower revenue growth but steady profitability, while Lululemon is expanding in international markets and new product categories despite some short-term challenges.
Full articleSummary: Pfizer is set to announce its earnings results with analysts expecting $0.57 per share for the quarter and FY24 guidance of $2.05-2.25 EPS. The company previously reported $0.10 EPS for the previous quarter. Pfizer's stock performance has been affected by various analyst ratings, with a consensus target price of $36.33.
Full articleSummary: Chevron Corp. will report its first-quarter earnings on Friday, aiming to recover from a challenging prior year.
Full articleSummary: Critics of Broadcom have raised concerns about alleged price increases, unfair software licensing terms, and product bundling in its cloud licensing practices. In response, Broadcom stated it is creating more choices for users and partners. This has led to an investigation by the European Commission following complaints from various business user associations. Additionally, Broadcom and VMware have simplified their offerings to facilitate customer digital transformation and provide more flexible options.
Full articleSummary: FedEx was the top supplier for the USPS in FY 2023 with $1.6bn in revenue, but it is expected to lose this position to UPS in FY 2025. USPS increased its transportation spending by $3bn in FY 2023, with highway transportation spending up and air transportation spending down.
Full articleSummary: Google has delayed the phase-out of third-party cookies in Chrome to early 2025 due to regulatory considerations and ongoing collaboration with the UK's Competition and Markets Authority. Future updates on the schedule for discontinuing third-party cookies are expected in the next quarterly report on April 26.
Full articleSummary: Sigma Planning Corp decreased its position in Medtronic plc by 66.1% in the fourth quarter, selling 22,416 shares, and holdings were worth $947,000. Several hedge funds increased their positions in Medtronic during the last quarter. Analysts have provided mostly positive ratings for Medtronic, with a consensus target price of $94.91. Insider activity includes notable stock sales by the company's EVPs.
Full articleSummary: Cisco Systems CEO Chuck Robbins signed the Rome Call document at the Vatican, emphasizing ethical and responsible AI use.
Full articleSummary: Cisco Systems CEO Chuck Robbins signed the Rome Call pledge at a Vatican conference on ethical and responsible use of AI, joining other tech leaders in emphasizing principles like transparency, inclusion, responsibility, and security.
Full articleSummary: Sigma Planning Corp reduced its position in United Parcel Service by 58.8% in the fourth quarter, with various other hedge funds also making changes. United Parcel Service trading down 1.4%. The company reported an increase in dividend payment and analysts have provided mixed ratings.
Full articleSummary: Nvidia is set to acquire Israeli AI infrastructure orchestration and management platform Run:ai for around $700 million, marking its biggest acquisition in Israel since purchasing Mellanox for $6.9 billion in 2019. Run:ai raised a total of $118 million to date.
Full articleSummary: Alaska Airlines signed a $162 million compensation agreement with Boeing following the accident and grounding of a 737 Max 9 aircraft, transferring custody back to the manufacturer.
Full articleSummary: Comcast Business has launched its Managed Detection and Response (MDR) solution aimed at helping enterprise customers detect, analyze, and mitigate cyber threats. The service combines technology and human expertise to provide 24/7 cybersecurity monitoring and response capabilities.
Full articleSummary: Apple is reportedly planning to launch new products in a May 7 online event, including new iPad models and possible changes to iPad Pro and iPad Air. The event is the first spring launch event since 2022, and new iPad models could give the tablet market a boost.
Full articleSummary: Boeing reported a smaller loss in the first quarter compared to a year ago but warned of the need to further cut back production due to quality and safety issues, leading to reduced deliveries of jets and impacting revenue. CEO Dave Calhoun announced plans to leave by the end of the year.
Full articleSummary: Thermo Fisher Scientific Inc reported a decrease in revenue for Q1 2024 but exceeded earnings estimates, raised dividend by 11%, repurchased $3.0 billion of stock, and raised full-year guidance for revenue and adjusted EPS.
Full articleSummary: Multiple insiders at The Kraft Heinz Company (NASDAQ:KHC) have sold a significant stake in the company over the past year, potentially raising concerns for investors. Insider selling, especially when done by multiple insiders, could be seen as a red flag for shareholders.
Full articleSummary: Thermo Fisher Scientific (TMO) will be hosting a conference call to discuss Q1 2024 earnings results on April 24, 2024.
Full articleSummary: General Dynamics Corp. announced Q1 earnings that increased from last year but missed Street estimates. Earnings were $799 million, or $2.88 per share, compared to $730 million, or $2.64 per share, last year. Revenue rose 8.6% to $10.73 billion.
Full articleSummary: InflaRx N.V. will participate in the Capital One Securities 1st Annual Biotech/Biopharma Disrupters Event in New York City where they will discuss potential dermatology treatments. The company is focused on developing anti-inflammatory therapeutics targeting the complement system.
Full articleSummary: Intel (NASDAQ:INTC) will be announcing earnings results, analysts expect revenue to grow 9.1% year on year to $12.78 billion with adjusted earnings of $0.14 per share. Company is down 18% in the last month and analysts have a price target of $45.2.
Full articleSummary: Tech giant Cisco Systems signed a Vatican-sponsored pledge to ensure ethical development and use of artificial intelligence, joining Microsoft and IBM. The pledge emphasizes principles of transparency, inclusion, responsibility, impartiality, and security in AI development.
Full articleSummary: Boeing reported financial results for the first quarter of 2024, reflecting revenue of $16.6 billion, a GAAP loss per share of ($0.56), and core loss per share of ($1.13). The company attributed these results to lower 737 deliveries and considerations related to grounding 737-9 customers. Boeing's total company backlog grew to $529 billion, with the commercial airplanes segment showing a decline in deliveries and revenue.
Full articleSummary: NextEra Energy's price target was raised by Mizuho to $71 from $67, reflecting strong performance in renewable energy development and growth prospects in AI and datacenters. The company's premium valuation compared to peers indicates market confidence in its strategic positioning.
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