Summary: Microsoft unveiled a new lightweight artificial intelligence model 'Phi-3-mini', which is significantly more affordable than its competitors, designed to cater to companies with limited resources. The company is strategically focusing on small language models to revolutionize various industries and democratize AI.
Full articleSummary: Alec Stranahan from Bank of America maintained a Sell rating on TG Therapeutics, with an average price target of $28.00, and negative insider sentiment shown by increased selling of shares.
Full articleSummary: NextEra reports strong growth in renewables projects with project backlog increasing to roughly 21.5 GW
Full articleSummary: Jim Cramer points to signs of economic slowdown in the U.S., including weak earnings reports and new manufacturing and services data. He refers to these factors as 'brown shoots' that are disrupting economic growth, indicating a potential justification for the Fed to cut rates.
Full articleSummary: Emerson Radio Corp.'s stock price crossed above its two hundred day moving average and traded at $0.55. Analysts set a 'sell' rating for the company. Emerson Radio last announced negative earnings with revenue of $2.62 million.
Full articleSummary: WNBA player Caitlin Clark is set to sign an 8-year endorsement deal worth up to $28 million with Nike, including a signature shoe. Other major sportswear brands like Under Armour and Adidas also made significant offers to her. The potential deal follows controversy over Clark's low starting salary with the WNBA.
Full articleSummary: Hedera's HBAR token rallied on the announcement of BlackRock's U.S. Treasury money market fund being tokenized on Hedera blockchain, but gave back gains when investors realized BlackRock was not directly involved. The announcement led to a surge of over 107% followed by a 25% drop as market corrected its understanding.
Full articleSummary: MetLife is set to post its quarterly earnings results after the market closes on Wednesday, May 1st, with analysts expecting earnings of $2.00 per share for the quarter. The company recently declared a boosted quarterly dividend of $0.545 per share, up from the previous $0.52, representing an annualized dividend of $2.18 and a dividend yield of 3.02%. Insider activity includes significant stock sales by company executives.
Full articleSummary: Quantum has introduced all-flash appliances T10-60 and T210-120 to its backup target product set, designed for faster ingest and recovery of data. The T-Series is geared towards edge deployments, small to medium businesses, and mission-critical data storage infrastructure.
Full articleSummary: The AI stocks, including Nvidia Corporation (NVDA), took a beating last week amidst a broader market decline. Super Micro Computer's lack of a guide up for the March quarter led to negative market interpretations despite positive trends in AI chip demand. Nvidia's revenue forecasts have been revised upward, but concerns about sustained high margins and potential margin compression loom, impacting the stock's valuation and long-term growth prospects.
Full articleSummary: The Federal Reserve has been reluctant to change interest rates from the peak levels reached in 2022 to combat overheating inflation rates. The most recent meeting held on March 20 reiterated the goal of reducing inflation back to 2% but also highlighted the uncertain economic outlook and concerns about inflation ticking back up.
Full articleSummary: Caitlin Clark signed an eight-year, $28 million contract with Nike, featuring a signature shoe, making it the most lucrative shoe deal in women's basketball history.
Full articleSummary: NextEra Energy Partners, LP reported first-quarter 2024 operating earnings of 75 cents per unit, surpassing the Zacks Consensus Estimate by 525%. Total operating expenses were down 0.7% year over year. The firm declared a quarterly distribution increase of 6% per common unit.
Full articleSummary: Giga-Byte Technology denies shipping servers containing Nvidia's advanced chips to China despite a Reuters report alleging otherwise. The company emphasized compliance with rules and regulations.
Full articleSummary: Apple (AAPL) has a strong history of beating earnings estimates and is expected to potentially have another beat in its upcoming report. Analysts have grown bullish on its near-term earnings potential.
Full articleSummary: Google allegedly prevented Yahoo Japan from accessing crucial technology for targeted ad revenue from mobile searches, FTC intervened, ensuring access to relevant advertising technology. The FTC's first administrative action against Alphabet without penalties imposed.
Full articleSummary: A new trend called 'look between on your keyboard' is gaining popularity on social media platforms, where users are challenged to find hidden words or phrases by locating them on the keyboard.
Full articleSummary: Families of Boeing 737 MAX crash victims urge U.S. Justice Department to criminally prosecute Boeing due to ongoing safety and quality concerns post-agreement, sparking concerns about potential breach of 2021 deal with prosecutors. Justice Department officials are assessing whether Boeing violated the deferred prosecution agreement in light of an in-flight blowout incident, which could lead to Boeing facing a criminal charge.
Full articleSummary: Eli Lilly and Company promotes a long-standing comms specialist to lead international communications team, focusing on building a new team across regions and markets globally.
Full articleSummary: RTX Corporation reported strong financial results for the quarter. Organic sales growth increased by 12%, segment operating profit growth increased by 10%, and adjusted earnings per share was up by 10% year-over-year. The company also provided positive outlooks for full year sales, adjusted EPS, and free cash flow.
Full articleSummary: Salesforce Inc's EVP & Chief Accounting Officer, Sundeep Reddy, sold 2,425 shares of the company, continuing the trend of insider selling. The stock is trading at $273.15 with a market cap of $268.38 billion and a price-earnings ratio of 65.88, above the industry median. The GF Value of the stock is $247.53, indicating it is modestly overvalued.
Full articleSummary: Salesforce shares traded down after an insider sold shares in the company, while analysts set new price targets for the stock. The company also announced its recent quarterly dividend payment and hedge funds have shown interest in Salesforce stock.
Full articleSummary: Amy Weaver, President and CFO of Salesforce Inc (NYSE:CRM), sold 4,096 shares of the company at an average price of $273.15 per share, totaling $1,118,784.40. This insider sell adds to a larger trend of insider selling within the company over the past year.
Full articleSummary: The American Camp Association (ACA) received a significant grant of $45,535,623 from the Lilly Endowment to launch the 'Character at Camp' Initiative aimed at enhancing character development efforts and intentional programs at camps to help children grow in various aspects such as independence, resilience, social skills, and empathy.
Full articleSummary: Intel's latest AI chip Gaudi 3 is expected to benefit global semiconductor companies like TSMC, Alchip, and Wistron as major OEMs announce adoption, resulting in potential high shipment volume and revenue for Intel. Morgan Stanley forecasts long-term growth potential for TSMC, Alchip, and Wistron in the AI semiconductor market.
Full articleSummary: The overall market sentiment improved as shown by the CNN Money Fear and Greed index. U.S. stocks closed higher for the second consecutive session. General Motors and PepsiCo reported better-than-expected earnings, but JetBlue Airways saw its shares decline sharply due to weak FY24 revenue outlook.
Full articleSummary: D.C. United's schedule for the upcoming season has been announced, with key games including matchups against New York and Philadelphia, and a game at Seattle on ESPN2. Some early games won't have local TV coverage but will be available through MLS's online and TV packages.
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