Summary: Google has fired more than 50 employees who were involved in disruptive protests at their offices, related to cloud computing deals with Israel. The firings came after activists from No Tech for Apartheid protested against Google's cloud computing contracts with Israel.
Full articleSummary: Quaker Foods issues impact Pepsico's stock negatively despite a solid quarter with revenue rising 2.3% to $18.3 billion.
Full articleSummary: Trust Co of Kansas acquired a new position in Booking Holdings Inc. in the fourth quarter, institutional investor acquired 1,017 shares of BKNG. Other large investors also modified their holdings in the company. Insiders sold shares of the stock in recent transactions. Analysts have set new price targets for BKNG, with price objectives ranging from $3,580.00 to $4,250.00. Booking stock traded up on Tuesday, reaching $3,534.18.
Full articleSummary: MetLife, Inc. has announced an increase in its quarterly common stock dividend by 4.8%, continuing its trend of raising dividends with a compound annual growth rate of 8.7% since 2011. The dividend for the second quarter of 2024 is set at $0.545 per share, payable to shareholders of record as of May 7, 2024, on June 11, 2024.
Full articleSummary: Texas Instruments forecast second-quarter revenue above analysts' estimates, indicating an uptick in demand for its analog semiconductors, with its shares rising 6% in extended trading. The company expects revenue with a midpoint of $3.8 billion for Q2.
Full articleSummary: Gold futures regained stability following a sharp decline, influenced by easing geopolitical tensions in the Middle East. Focus now shifts to the upcoming U.S. inflation report on Friday, which could impact the Federal Reserve's policy decisions.
Full articleSummary: Caitlin Clark is set to sign an eight-figure shoe deal with Nike worth $28 million over eight years, making it the most ever for a women's basketball player. This deal includes a signature shoe and the opportunity to represent Nike for potentially three Olympic Games.
Full articleSummary: The company operating in the travel industry achieved record-setting financial results in 2023 with strong revenue growth, net income, adjusted EBITDA, and cash flow. They returned over $10 billion to shareholders through stock repurchases and paid their first cash dividend.
Full articleSummary: Wells Fargo & Company filed a Form 8-K report with the SEC stating the issuance of $1,250,000,000 5.083% Fixed-to-Floating Rate Notes due April 26, 2028, along with related documents including an underwriting agreement and an opinion from legal counsel.
Full articleSummary: Two engineers from Boeing faced alleged retaliation by the company's management after pushing for a re-evaluation of work on the 787 and 777 airliners, eventually resulting in negative performance reviews for them, with one engineer leaving the company and a complaint filed by the SPEEA union.
Full articleSummary: Microsoft's PlayReady content protection technology is found to have vulnerabilities that could allow illegal downloading of movies from popular streaming services. Researcher Adam Gowdiak discovered flaws in the technology that may expose content keys guarded by PlayReady, potentially allowing decryption of content from various streaming platforms.
Full articleSummary: GE Aerospace (GE) reported strong first-quarter earnings and raised its 2024 profit forecast, benefiting from high sales for jet engine parts and services. GE Aerospace shares surged in Tuesday's trading session after surpassing earnings and revenue estimates. Analysts are bullish on GE Aerospace's future growth prospects following its spin-off from General Electric and believe investors can now capture the previously missing value.
Full articleSummary: GE Aerospace (GE) reported strong first quarterly results since becoming an independent company, raising its 2024 profit forecast due to robust sales for jet engine parts and services. GE Aerospace shares surged in Tuesday's trading session after exceeding first-quarter earnings and revenue estimates. Analysts and experts like John Eade from Argus Research are bullish on GE Aerospace's future prospects and growth potential.
Full articleSummary: Multiple earnings releases scheduled with Meta, IBM, ServiceNow, AT&T, Boeing, Chipotle, Ford, Hilton, and Hasbro. Economic data on durable foods for March expected to double from February.
Full articleSummary: United States SEC delays decisions on BlackRock and Grayscale applications for spot Ether ETFs, Grayscale's decision extended to June 23, BlackRock and Franklin Templeton decisions expected in June, SEC has been unengaged with spot ETH ETF applications, leading to speculation of looming rejection
Full articleSummary: Transportation stocks, particularly the iShares Transportation Average ETF (IYT), were keeping pace with the strong S&P 500 through February but began losing steam toward the end of Q1. FedEx (NYSE:FDX), one of the largest components of the ETF, stood out with a strong Q3 2024 report and impressive growth forecasts, leading to a buy rating from experts.
Full articleSummary: Tristar Acquisition I Corp. received a notice from NYSE for not timely filing its Annual Report on Form 10-K, may face delisting if fails to regain compliance within six months.
Full articleSummary: China reportedly evaded Nvidia chip sanctions by purchasing servers from Super Micro Computer, Dell, and Gigabyte through resellers and distributing them to universities and research centers. Nvidia and other companies stress compliance with US export control rules.
Full articleSummary: Multiple analyst downgrades on VMware, Celanese, Upwork, and Farfetch affecting their stock prices negatively.
Full articleSummary: Google terminated over 50 employees who protested a contract with the Israeli government, citing the protests as 'unacceptable and disruptive.'
Full articleSummary: General Electric (GE) Aerospace reported strong first-quarter results with solid revenue and profit growth driven by pricing and volume. The company expressed confidence in raising their full-year operating profit guidance and emphasized a path to achieve a $10 billion operating profit target by 2028. GE also highlighted their commitment to R&D spending for future innovation such as the CFM RISE program and defense technologies.
Full articleSummary: NextEra Energy, Inc. (NEE) reported first-quarter adjusted earnings of 91 cents per share, beating estimates by 13.8% and increasing 8.3% year over year. However, operating revenues lagged estimates by 11.4% and plunged 14.7% year over year. The company reaffirmed its 2024 earnings guidance and expects to add significant renewable power projects to its portfolio by 2026.
Full articleSummary: Danaher Corporation's stock price has soared to 253.11 USD, accompanied by a significant trading session increase of +7.21%. Despite mixed Q1 2024 earnings results, the company surpassed earnings projections and maintained a strong market performance, driven by increased market share for GeneXpert medical tests.
Full articleSummary: NextEra Energy (NYSE:NEE) shares are up after reporting better-than-expected earnings for Q1 FY 2024. Adjusted EPS of $0.91 beat estimates, but sales decreased by 14.7% YoY. Management expects FY 2024 adjusted EPS between $3.23 to $3.43, lower than analyst's expectations of $3.40.
Full articleSummary: Federal Reserve is considering interest rate cuts in 2024, with Wall Street analysts adjusting their market forecasts accordingly. Citigroup strategists, on the other hand, remain confident in predicting rate cuts as early as June or July.
Full articleSummary: The stock market showed strength with the key indexes and many leaders rebounding for a second straight session. Tesla (TSLA) saw a jump despite bleak earnings as it hinted at an affordable EV in the near future. Various earnings reports are on the horizon, including from Visa (V), Boeing (BA), and Vertiv (VRT).
Full articleSummary: RTX shifts focus from being a space prime contractor to supplying components to other companies, following unsuccessful competition in satellite building projects.
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