Summary: Bank of America Europe Designated Activity Company (BofA Europe) presents its Annual Report for the year ended 31 December 2023, operating as a registered bank in the Republic of Ireland and supervised by the European Central Bank. It is a wholly owned subsidiary of Bank of America, National Association, ultimately owned by Bank of America Corporation.
Full articleSummary: The Los Angeles Clippers' new arena, Intuit Dome, is set to open for the 2024 NBA regular season, causing concerns among Inglewood residents regarding gentrification in the area. Various residents and organizations have expressed disapproval over the construction of the arena due to potential negative impacts on the community.
Full articleSummary: NextEra Energy forecasts a significant increase in the US renewables and storage market opportunity through 2030, driven by factors such as power-hungry data centers.
Full articleSummary: Starbucks fired seven workers trying to unionize their Tennessee store, but a court order forced the company to rehire them. Starbucks is now seeking Supreme Court intervention to limit the government's power in similar cases. Despite ongoing disputes, Starbucks and Workers United plan to restart talks for contract agreements following workers' unionization efforts at 420 U.S. company-owned stores.
Full articleSummary: Federated Hermes Inc. reduced its holdings in Lowe’s Companies, Inc. by 9.9% during the fourth quarter. Numerous other institutional investors also made changes to their positions in LOW. Analysts have set various price targets and ratings for Lowe's Companies stock.
Full articleSummary: RBC Capital raised the price target on RTX to $96 from $88 but maintained a 'sector perform' rating, suggesting a 5.3% potential decrease. Concerns include delivery delays at Boeing affecting the OEM market and specific issues at RTX such as Pratt's powdered metal situation and margin pressures in defense businesses.
Full articleSummary: Blackrock Silver Corp shares lost -3.03% during trading, with a market capitalization of $73.60 million. The company's consensus rating is 'Moderate Buy'.
Full articleSummary: Wall Street's main indexes advanced on Tuesday as growth and chip shares gained. Top gainers included Danaher Corp, Super Micro Computer, and Globe Life Inc. Top losers were LKQ Corp, MSCI Inc, and Nucor Corp. Notable stock movements include Roblox Corp rising on an upgrade to 'overweight' and General Motors rising on a full-year profit forecast raise. Notably, NextEra Energy rose on a Q1 profit beat.
Full articleSummary: Spirit AeroSystems and Boeing entered into a memorandum of agreement to address issues including higher levels of inventory, contract assets, and lower operational cash flows. Spirit to maintain a production rate supporting Boeing's production demand, receive $425 million advance payment, and provide financial information weekly. The MoA aims to navigate lower expected deliveries to Boeing and higher factory costs.
Full articleSummary: Lockheed Martin Corporation reported strong first quarter 2024 financial results with increased net sales and robust free cash flow. The company's backlog remains strong with several large National Security Space awards, and it is focused on executing the F-35 program.
Full articleSummary: House Judiciary Committee Chairman Jim Jordan sent letters to Coca-Cola and Ørsted CEOs, inquiring about their actions within the Global Alliance for Responsible Media (GARM) and potential violations of U.S. antitrust laws.
Full articleSummary: Research firm CB Insights has identified 85 early-stage U.S. startups as potential acquisition targets for finance automation platform Ramp. Ramp is looking to broaden its reach to 'finance automation' by exploring these acquisitions.
Full articleSummary: A legal battle between Starbucks and the National Labor Relations Board over the firing of seven workers in Memphis is being heard by the U.S. Supreme Court, as the number of unionized Starbucks locations in the U.S. has been rapidly increasing. The unionization efforts have been fueled by workers advocating for higher wages, better working conditions, and the implementation of a credit card tipping option.
Full articleSummary: Apple has acquired Datakalab, a Paris-based AI tech startup, as part of its push into artificial intelligence. The company specializes in efficient AI algorithms for mobile devices. Apple is also developing a new AI system called ReALM and is in discussions with Google to integrate its AI engine into the iPhone.
Full articleSummary: BMO Equal Weight US Bank ETF gained 0.80% in share price, closed at $29.06 with a trading range of $28.80 to $29.19. The ETF traded under ZBK on the Toronto Stock Exchange with a market capitalization of $0.00 and an average volume of 40,066 shares in the last five days.
Full articleSummary: Lockheed Martin Rotary and Mission Systems has been awarded a $102,064,704 modification contract for AEGIS combat system support, including development, fielding, system integration, and sustainment.
Full articleSummary: Boeing is expected to report bleak first-quarter results but analysts are optimistic about a brighter outlook by Q3. Recent controversies regarding production methods and safety culture along with ongoing reimbursements to airlines are impacting the company's performance. GE Aerospace CEO Larry Culp is seen as a potential candidate for Boeing's new chief executive role.
Full articleSummary: Texas Instruments (TXN) reported quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.06 per share, with revenues of $3.66 billion. The stock has underperformed so far this year and has a Zacks Rank #4 (Sell) due to unfavorable estimate revisions.
Full articleSummary: PayPal proposes a new initiative to incentivize Bitcoin miners to use sustainable energy sources with cryptoeconomic rewards, collaborating with Energy Web and DMG Blockchain Solutions. The green miners will receive lower fees and extra BTC rewards, directing Bitcoin transactions exclusively to them, to reduce the environmental impact of mining.
Full articleSummary: Coca-Cola signed a $1.1 billion five-year deal with Microsoft to use its cloud computing and artificial intelligence services, expanding its use of various Microsoft software including Dynamics 365. They will 'jointly experiment' with Azure OpenAI for chatbots and AI services on Azure cloud.
Full articleSummary: Oracle is moving its world headquarters to Nashville, Tennessee, to be closer to the health-care industry hub.
Full articleSummary: Microsoft announced a new lightweight AI language model named Phi-3-mini with 3.8 billion parameters that can run on consumer GPU or AI-acceleration hardware found in smartphones and laptops. It rivals the performance of larger models like Mixtral 8x7B and GPT-3.5.
Full articleSummary: Microsoft unveiled a new lightweight AI language model named Phi-3-mini with 3.8 billion parameters, which is simpler and less expensive to operate than traditional large language models. The model is designed to run on consumer GPU or AI-acceleration hardware found in smartphones and laptops.
Full articleSummary: FedEx Express collaborates with Zonos to enhance global online shopping experience by improving customs transparency, reducing unexpected charges, and minimizing shipping delays. The alliance aims to address the increasing demand for cross-border ecommerce and improve customer satisfaction by providing upfront information on fees and streamlined customs clearance processes.
Full articleSummary: Google has once again postponed the deadline for third-party cookie deprecation due to industry and regulatory pressures, specifically from the UK Competition and Markets Authority. The delay is also attributed to divergent feedback from the industry and developers. The implications on identity in the advertising industry are significant as the transition to cookieless solutions faces further delays.
Full articleSummary: Union Pacific collaborated with Vestas to transport V163-4.5 MW wind turbine blades, marking the longest blades ever transported by rail in the United States.
Full articleSummary: SEC delays decisions on BlackRock and Grayscale applications for spot Ether exchange-traded funds (ETFs), extending review periods and amending applications.
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