Summary: A Boeing 737 was forced to make an emergency landing in South Africa after one of its main wheels detached during takeoff. Fortunately, no one was injured. Boeing is currently facing Senate hearings over safety culture and manufacturing quality.
Full articleSummary: Oracle announced its Oracle Autonomous Shield initiative aimed at safeguarding Oracle Health Electronic Health Records (EHR) customers by helping them transition to the Oracle Cloud Infrastructure (OCI). Oracle also revealed plans to move its world headquarters to Nashville to be closer to the healthcare industry. Oracle Chairman and CTO Larry Ellison discussed the importance of automation in healthcare innovation and emphasized the need for digital transformation in various aspects of the healthcare industry.
Full articleSummary: United Parcel Service reported first-quarter profit above estimates due to cost cuts, despite subdued demand for small-package delivery. It is focusing on high-margin businesses and market share growth, while facing challenges related to lower volumes and new labor contract terms.
Full articleSummary: NextEra Energy Inc reported strong financial results for Q1 2024, exceeding expectations in net income, EPS, but missing on revenue. The company showcased growth in adjusted EPS and renewable energy projects. FPL net income also increased driven by investments in solar energy.
Full articleSummary: Keybanc analyst Justin Patterson raised his price target to $175 on Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) stock while reaffirming his overweight (buy) rating, suggesting potential upside of roughly 14% over the coming year. The analyst sees plenty of potential catalysts that could propel the stock higher in the future, including cost savings efforts, the possibility of Alphabet paying a dividend, uncertainty surrounding the CFO role, and the stock's comparable P/E ratio to the S&P 500 with greater upside potential.
Full articleSummary: Multiple earnings including Meta, IBM, ServiceNow, AT&T, Boeing, Chipotle, Ford, Hilton, and Hasbro are to be released on Wednesday. Economic data in the form of durable foods for March will be released with current estimates around 2.6%, double the number from February.
Full articleSummary: Multiple earnings including Meta, IBM, ServiceNow, AT&T, Boeing, Chipotle, Ford, Hilton, and Hasbro will be released on Wednesday. Economic data for durable goods in March is expected to increase by 2.6% compared to February.
Full articleSummary: Chevron will showcase its VARTECH Industrial System Cleaner (ISC) at the NPE2024 Plastics Show, aiming to address varnish buildup in industrial equipment and prevent costly downtime.
Full articleSummary: Texas Instruments Incorporated reported Q1 2024 earnings with revenue at $3.7 billion, a decrease of 10% sequentially and 16% year-over-year. Profitability declined due to lower revenue and higher manufacturing costs. The company expects Q2 revenue in the range of $3.65B to $3.95B and earnings per share in the range of $1.05 to $1.25. They remain focused on long-term value creation and disciplined capital allocation. In Q1, they paid dividends of $1.2 billion and returned $4.8 billion to owners over the past 12 months.
Full articleSummary: The Australian Government is investing $500 million in next-generation air missile defence through a contract with Lockheed Martin Australia. The project, known as AIR6500, will generate jobs and opportunities for Australian industry, while strengthening the country's air and missile defence capability.
Full articleSummary: Texas Instruments Inc.'s stock jumped nearly 8% in extended trading after reporting better-than-expected quarterly results and guidance. The company's net income for the fiscal first quarter was $1.11 billion, or $1.20 a share, with revenue declining to $3.66 billion. Texas Instruments provided second-quarter sales guidance of $3.65 billion to $3.95 billion, surpassing FactSet analysts' forecast.
Full articleSummary: FTC is sending 117,044 PayPal payments to Ring camera owners due to privacy violation settlement.
Full articleSummary: Thermo Fisher Scientific Inc.'s stock price surged by +4.78% to reach $574.59 with a trading volume of 2.54M, extending year-to-date gains to +8.25%. Analysts are bullish on TMO, with Smartkarma highlighting strong operational discipline and positive short-term performance.
Full articleSummary: Home Depot, Inc. (NYSE:HD) shares increased by 0.3% on Tuesday following changes in analyst ratings and an increase in dividend. Insiders at the company, including EVP Timothy A. Hourigan and CEO Edward P. Decker, have recently sold shares. Several institutional investors have also adjusted their stakes in the company.
Full articleSummary: Undergraduate students embarked on an immersive Boston trip visiting Unum, Salesforce, and Omni Parker House gaining insights into different industries and networking opportunities.
Full articleSummary: Oracle is planning a move to Nashville, Tennessee, closer to the healthcare sector.
Full articleSummary: United Parcel Service reported lower revenues and profit for Q1 2024, while reaffirming full-year guidance.
Full articleSummary: The Chief Accounting Officer of Salesforce, Inc. sold 2,425 shares of the company's stock, valuing at $662,388.75. The company's stock traded up to $276.63 per share. Salesforce also announced a quarterly dividend and has had recent institutional trading activities. Analysts have mostly given favorable ratings with an average target price of $310.61.
Full articleSummary: The NYSE considering operating overnight could potentially increase trading volumes for both stocks and crypto, as it may boost liquidity for all asset classes and generate interest in continuous trading across different markets.
Full articleSummary: Google is offering a discounted Nest Wifi Pro 4-pack at some Costco stores, making it $40 cheaper than buying 3 separate units. Additionally, the Chromecast with Google TV HD, previously out of stock due to a $10 discount, is now available for $19.99 again. The sale for Chromecast ends on April 28, 2024.
Full articleSummary: United Parcel Service (UPS) released first-quarter results exceeding analyst expectations for adjusted profit but falling short of revenue expectations. The company reaffirmed its full-year guidance and is making efforts to adjust to drops in demand by reducing costs.
Full articleSummary: Oracle partners with Singapore Government to train 10,000 students and professionals in digital technologies through internships, apprenticeships, and certifications.
Full articleSummary: PepsiCo reported first quarter results beating Wall Street estimates but faced challenges with recalls in its Quaker Foods North America unit. The company's net sales rose by 2% in the first quarter, with volume declines in North American division due to recall for potential salmonella contamination.
Full articleSummary: Ford introduces an extended range option for the E-Transit with a larger battery and improved WLTP range of 402 kilometers, enhancing its competition with other electric vans boasting higher ranges. The extended range version will offer different model variants with varying payloads and towing capacities. Ford also plans to launch an electric minibus and continues to offer plug-in hybrids in its commercial vehicle lineup.
Full articleSummary: NextEra Energy reported higher earnings but lower revenue in Q1 compared to the same quarter last year. Revenue declined at both its major electric utility and renewables business.
Full articleSummary: Lockheed Martin Australia signed a $500 million contract with the Department of Defence to build Australia’s Joint Air Battle Management System, providing an advanced integrated air and missile defence capability.
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