Summary: Thermo Fisher beat Wall Street profit estimates and raised its annual profit forecast due to improved demand for its products and services used in drug development. Revenue in its laboratory products segment also exceeded expectations.
Full articleSummary: Tesla shares surged after CEO Elon Musk announced plans for new, cheaper EV model. Boeing recorded a narrower loss than expected. Earnings reports also came in from AT&T, Humana, General Dynamics, and Hilton. Yahoo Finance trending tickers are Meta, Visa, and Shopify.
Full articleSummary: Tech giant Cisco Systems joins Microsoft and IBM in signing a Vatican-sponsored pledge to ensure ethical development and use of artificial intelligence.
Full articleSummary: Cisco Systems joins Microsoft and IBM in signing Vatican-sponsored pledge to ensure ethical development and use of artificial intelligence. The pledge emphasizes transparency, inclusion, responsibility, impartiality, and security in AI systems.
Full articleSummary: Texas Instruments stock jumped 7% in premarket trade after a strong second-quarter revenue forecast, leading to a rally in chip stocks including Nvidia, AMD, Arm Holdings, and Micron Technology. The company is considered a bellwether for semiconductor demand across various industries.
Full articleSummary: Danaher beat quarterly profit and sales expectations, but forecasts a decline in 2024 revenue due to reduced demand. Company's biotechnology segment performed well with sales of $1.52 billion, above forecast. CEO noted improving order trends in bioprocessing business and gaining market share in molecular diagnostics business.
Full articleSummary: John Barnett, a whistleblower against Boeing's production practices, passed away after being found dead in his truck. His detailed testimony revealed deep-seated issues at Boeing's North Charleston facility, indicating a conflict between speed of production and quality standards. The family may pursue his case further post his demise.
Full articleSummary: General Dynamics missed Wall Street estimates for first-quarter profit due to supply chain challenges and higher input costs. The company expects a surge in deliveries after FAA certification of the G700 business jet. The $95 billion Ukraine-Israel aid bills passed by the U.S. Congress are expected to boost order backlogs for defense companies like General Dynamics.
Full articleSummary: InflaRx N.V. announced their participation in the Capital One Securities 1st Annual Biotech/Biopharma Disrupters Event in New York City where they will be discussing potential dermatology treatments for various conditions. The company focuses on anti-inflammatory therapeutics by targeting the complement system.
Full articleSummary: Lockheed Martin reported its first quarter 2024 results with revenue up 14% from last year, while net income decreased by 8.5%. Despite the decline in profit margin driven by higher expenses, the company's revenue and earnings beat analyst expectations.
Full articleSummary: Eli Lilly approved a new facility by FDA to expand injectable drug production globally by 2025. The company is actively making business developments in response to increasing demand for their medicines.
Full articleSummary: Lockheed Martin has handed over the advanced Long Range Discrimination Radar (LRDR) system to the Missile Defense Agency, marking a significant milestone in protecting the homeland. The radar system is capable of simultaneous search and tracking of multiple small objects, including ballistic missiles, with the ability to discriminate between lethal and non-lethal objects. Lockheed Martin is enhancing the LRDR's capabilities, focusing on hypersonic defense and providing decision-makers with actionable information more quickly.
Full articleSummary: There has been an uptick in buying gold from retailers like Costco as people look to put their money into a safe haven due to economic unpredictability. Costco started selling gold in August 2023 and now makes around $100-$200 million a month from it. Gold buyers have been cautioned that it's different from trading stocks and selling it quickly may result in a loss.
Full articleSummary: Boeing is facing a leadership shakeup as the company searches for a new chief executive to address ongoing crisis and safety concerns following recent incidents with its planes.
Full articleSummary: Alphabet, known for its dominant tech presence and strong financial performance, is expected to report Q1 earnings with revenue expected to reach over $78 billion, net income at $18 billion, and EPS at $1.51. With a strong focus on AI advancements and cloud updates, analysts predict sustained growth of at least 25% for Google Cloud throughout 2024, thereby potentially boosting GOOG stock further.
Full articleSummary: Texas Instruments (TXN) stock is up 7% after reporting better-than-expected Q1 financial results including revenue of $3.66 billion U.S. and earnings per share of $1.20 U.S. Although Q2 guidance aligns with Wall Street forecasts, the company expects weak microchip and semiconductor demand to continue.
Full articleSummary: Texas Instruments jumped 7% in premarket trade on Wednesday after strong second-quarter revenue forecast, leading to a rally in chip stocks. The company is seen as a bellwether for semiconductor demand across various industries.
Full articleSummary: Lockheed Martin is confident that it will be able to resume deliveries of its F-35 stealth fighter in the third quarter of this year after facing delays due to Technical Refresh 3 (TR-3) modification. The company is adapting to an interim 'combat training-capable' standard until full software approval is achieved. Despite the delivery freeze from the US Department of Defense, Lockheed continues to produce F-35s at a steady rate and has a significant stored inventory.
Full articleSummary: JPMorgan Chase opens a new 270,000 square foot office in Glasgow, showcasing its long-term commitment to the city and wider investments in Scotland. The office will bring together employees in a new, sustainable building located in the International Finance District. JPMorgan also runs initiatives to foster tech talent through various programs.
Full articleSummary: Illinois Municipal Retirement Fund increased its holdings in Exxon Mobil Co. by 2.1% during the 4th quarter, with the fund owning 473,202 shares, making it the 9th biggest position in its portfolio. Other institutional investors like Keener Financial Planning LLC, Orion Capital Management LLC, and Authentikos Wealth Advisory LLC also bought new positions in Exxon Mobil. Exxon Mobil's stock was down 0.2% on Wednesday, reaching $120.83. The company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20. Exxon Mobil also announced a quarterly dividend of $0.95 per share.
Full articleSummary: Thermo Fisher beat Wall Street profit estimates, raised annual forecast due to improved demand for drug development products and services.
Full articleSummary: Fool.com contributor evaluates Salesforce stock and discusses whether AI investors should buy. The Motley Fool Stock Advisor did not identify Salesforce as one of the 10 best stocks for investors to buy, but it does have positions in and recommends Salesforce.
Full articleSummary: Vietnamese tech giant FPT plans to build a US$200-million-dollar artificial intelligence factory using Nvidia technology as Vietnam aims to become a semiconductor and AI hub. FPT has established a strategic partnership with Nvidia to accelerate the construction and development of AI platforms and applications, while also incorporating Nvidia's programs into education curricula to develop high-tech human resources. Nvidia has expressed interest in setting up a semiconductor base in Vietnam.
Full articleSummary: Costco's Kirkland Signature Synthetic Motor Oil is a well-received and economical option for a wide range of vehicles, providing effective engine protection and fuel efficiency.
Full articleSummary: General Dynamics Corporation is a diversified company specializing in aeronautical, space, naval, and defense systems and equipment, with net sales coming from various products and services categories. The company's sales are primarily generated in the United States and also in other regions like Europe, Africa, the Middle East, Asia/Pacific, and America Latin.
Full articleSummary: Salesforce released the new State of Service report, revealing insights on how service professionals are leveraging AI, data, and revenue generation strategies to improve customer satisfaction amid rising expectations.
Full articleSummary: Bank of New York Mellon Corp (NYSE:BK) recently announced a dividend of $0.42 per share, payable on 2024-05-09, with the ex-dividend date set for 2024-04-25. Investors are assessing the sustainability of BK's dividend payments by analyzing its dividend history, yield, growth rates, payout ratio, profitability, and growth metrics.
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