Summary: Google delays ending third-party cookies following competition concerns by UK regulator, Competition and Markets Authority (CMA), until issues are resolved. Google to engage closely with industry, regulators, and developers before proceeding with cookie deprecation.
Full articleSummary: Scale Computing CEO Jeff Ready criticized Broadcom for its pricing strategies for hospitals and charities, resulting in significantly higher costs for these organizations using VMware products under Broadcom's ownership.
Full articleSummary: MetLife will be issuing its quarterly earnings data after the market closes on May 1st. Analysts expect earnings of $2.00 per share for the quarter. The company also increased its dividend. Multiple Wall Street analysts have given the stock a 'buy' rating with an average price target of $79.23.
Full articleSummary: Home Depot was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating. Several other research reports have also increased their price targets and ratings for Home Depot. The company currently has an average rating of 'Moderate Buy' with a consensus price target of $375.96.
Full articleSummary: Capital One Financial lowered Q3 2024 earnings estimates for Antero Resources, while maintaining a consensus target price of $30.69 set by analysts. Antero Resources' stock is up by 2.1%. Various research firms have given mixed ratings to the stock.
Full articleSummary: Eli Lilly is acquiring Nexus Pharmaceuticals’ injectable production facility in Pleasant Prairie, Wisconsin to expand its manufacturing network and meet the increased demand for its medicines. Lilly is also building a new manufacturing plant in North Carolina and planning for another plant in Germany to support its efforts to meet demand for drugs in its diabetes and obesity portfolio.
Full articleSummary: Disitamab vedotin, a drug under clinical development by Pfizer, is in Phase II for Solid Tumor. It is based on antibody-drug conjugates technology and is indicated for the treatment of various cancers with HER2 expression. Pfizer is a biopharmaceutical company that offers a wide range of products for different conditions worldwide.
Full articleSummary: General Electric (GE) successfully spun off its power generation unit, GE Vernona, to focus solely on its aerospace division, reporting a significant increase in total orders and operating profit in its latest quarterly earnings.
Full articleSummary: The New York Stock Exchange (NYSE), owned by Intercontinental Exchange, Inc. (NYSE:ICE), is considering a shift towards a 24/7 trading model to meet the demands of the evolving global financial landscape. This initiative aims to enhance market liquidity, efficiency, and inclusivity by allowing investors worldwide to trade at their convenience.
Full articleSummary: Earnings season is heating up with tech giants set to deliver quarterly results. Chip stocks witnessed a correction, leaving investors cautious. Evercore analyst Mark Lipacis is bullish on chipmakers Nvidia and AMD, highlighting their AI market dominance and growth potential.
Full articleSummary: Coca-Cola and Microsoft have announced a five-year strategic partnership for technology transformation, with Coca-Cola migrating all applications to Microsoft Azure and committing $1.1 billion to Microsoft Cloud and generative AI capabilities.
Full articleSummary: Microsoft Corp. and The Coca-Cola Company announced a five-year strategic partnership to align Coca-Cola’s core technology strategy systemwide, with Coca-Cola investing $1.1 billion in the Microsoft Cloud and its generative AI capabilities.
Full articleSummary: Howard Marks, a veteran investor, believes that the Federal Reserve will not bring interest rates back down to their post-financial crisis lows, considering the strong U.S. economy to not require stimulus. Marks anticipates interest rates to settle in the threes eventually.
Full articleSummary: Microsoft and The Coca-Cola Company have entered a five-year strategic partnership to align Coca-Cola's core technology strategy systemwide and adopt new technology, with Coca-Cola making a US$1.1 billion commitment to Microsoft Cloud and generative AI capabilities. The companies will jointly experiment with technology to develop generative AI use cases across various business functions, such as improving workplace productivity.
Full articleSummary: Apple will be hosting an event on May 7, with anticipation for unveiling revamped versions of iPad Pro and iPad Air, as indicated by the inclusion of Apple Pencil in the event invitation's image. The event is expected to feature new iPads following a redesign of the lineup, amid declining sales of iPads and iPhones. Apple aims to introduce innovative products to counteract the decline in sales.
Full articleSummary: Wells Fargo upgraded their outlook for Datadog from Equal-Weight to Overweight, with the average one-year price target suggesting a 24.31% upside. Fintel reports an increase in funds and institutions reporting positions in Datadog, with a put/call ratio of 1.00 indicating a bullish outlook. Various shareholders such as Baillie Gifford, Price T Rowe Associates, Vanguard Total Stock Market Index Fund Investor Shares, Wcm Investment Management, and Vanguard Mid-Cap Index Fund Investor Shares have adjusted their portfolio allocations in DDOG.
Full articleSummary: Salesforce executive R. David Schmaier conducted significant stock transactions, selling 7,281 shares to meet tax obligations from vested restricted stock units and acquiring 7,605 shares through options exercise. These transactions are part of standard compensation practices. Analysts highlight Salesforce's strong financial position, high P/E ratio, revenue growth, and robust profit margins.
Full articleSummary: Salesforce President and COO Brian Millham engaged in significant trading activity, acquiring and disposing of company shares through automated transactions. His direct holdings in Salesforce now stand at 4,204 shares.
Full articleSummary: The Zacks Equity Research analysts discuss the impact of Q1 earnings on transportation stocks like United Parcel Service (UPS), Norfolk Southern (NSC), Union Pacific (UNP), Southwest Airlines (LUV), and American Airlines (AAL). While demand is improving, high fuel and labor costs are likely to have a negative impact on their performance.
Full articleSummary: The Zacks Transportation sector includes airlines, railroads, shipping, and trucking companies, which are expected to have mixed performances in Q1 2024. While demand is improving from pandemic lows, high fuel costs and labor crisis are likely to impact the earnings of transportation companies. Investors are eagerly awaiting the results of United Parcel Service (UPS), Norfolk Southern (NSC), Union Pacific (UNP), Southwest Airlines (LUV), and American Airlines (AAL) during this week.
Full articleSummary: Nvidia Shield TV continues to dominate the Android TV box market due to its powerful hardware, consistent software updates, and gaming capabilities. It stands out for its gaming element, long-term usability, AI upscaling technology, and customization options. Despite its age, it remains a strong contender against newer, budget-friendly alternatives.
Full articleSummary: Zacks Research analysts raised their Q2 2024 EPS estimates for ConocoPhillips, with a consensus estimate of $9.47 for the full year. Several research firms have increased their price targets for COP stock and provided ratings ranging from 'hold' to 'strong buy'. Insiders have been actively selling shares, while hedge funds hold a significant portion of the company's stock. ConocoPhillips has also increased its quarterly dividend.
Full articleSummary: Colgate-Palmolive (India) Ltd. stock gained 1.99% in Wednesday's trade amid mixed financial performance and a bearish signal from MACD.
Full articleSummary: Francis Ford Coppola struggles to find a distributor for his latest passion project, Megalopolis, in Hollywood due to its unconventional storyline and scenes. However, there is hope as Coppola is in talks with French distributor Le Pacte at Cannes for potential distribution.
Full articleSummary: Pakistan received $9.8bn in foreign loans and grants in July-March of the current fiscal year, falling short of the annual target of $17.4bn mainly due to adverse global conditions and poor credit rating. The government revised its target to around $11bn in foreign assistance, showing a decrease from the initial goal. Low inflows resulted in deferring plans to launch a $1.5bn Eurobond.
Full articleSummary: Olomorasib, under development by Eli Lilly and Co for the treatment of solid tumors including colorectal cancer, is currently in Phase II. GlobalData's report assesses its drug-specific Phase Transition Success Rate (PTSR) and Likelihood of Approval (LoA) scores compared to indication benchmarks.
Full articleSummary: South Dakota Investment Council decreased its holdings in PayPal by 3.0% during the 4th quarter. Other institutional investors have also made changes to their positions in PayPal. Wall Street analysts have recently issued various ratings on PYPL stock.
Full article