Summary: NextEra Energy Inc reported an 8.3% increase in adjusted earnings per share for Q1 that exceeded analyst expectations, driven by additions to its regulated utilities business and renewables capacity. The company owns FPL, America's largest electric utility, and NextEra Energy Resources, the world's largest generator of renewable energy.
Full articleSummary: MetLife, Inc. announced an increase in its second quarter 2024 common stock dividend to $0.545 per share, representing a 4.8% growth from the previous quarter. The dividend is payable on June 11, 2024.
Full articleSummary: Medtronic plc is a global leader in designing, manufacturing, and marketing medical equipment, with net sales distributed across various sectors and geographies.
Full articleSummary: NextEra Energy's subsidiaries, FPL and NextEra Energy Resources, reported their financial results for Q1 2024. FPL's net income increased to US$1.17 billion, driven by investments in the business and addition of new solar projects. NextEra Energy Resources reported a net income of US$966 million, with significant additions to its renewable and storage capacities.
Full articleSummary: FOXO Technologies Inc. received a notice of noncompliance from NYSE regarding the late filing of their Annual Report, but the company is committed to regaining compliance with NYSE American continued listing standards. The company stated that despite challenges, they have made operational and financial progress and are implementing measures to improve financial systems and corporate governance.
Full articleSummary: Texas Instruments Inc (TXN) reported Q1 2024 revenue of $3.66 billion, beating estimates but showing a 16% YoY decline. Net income at $1.11 billion, earnings per share at $1.20, and operating profit at $1.29 billion, reflecting decreases from the previous year.
Full articleSummary: IBM is in talks to acquire HashiCorp, causing HashiCorp's shares to surge almost 20%.
Full articleSummary: Apple's iPhone sales in China fell by over 19% year-over-year, marking its worst performance since 2020, due to Huawei's resurgence in the region. This drop in sales adds to the challenges Apple is facing, including legal battles and increasing competition in the smartphone market.
Full articleSummary: FOXO Technologies Inc. received a notice of noncompliance from NYSE American due to the delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023. The company is dedicated to regaining compliance with the NYSE American continued listing standards.
Full articleSummary: Texas Instruments reported better-than-expected Q1 CY2024 results with a revenue of $3.66 billion, beating analyst estimates by 1.4%. Despite the positive earnings beat, revenue was down 16.4% year on year. The company also provided guidance for Q2 CY2024 revenue at $3.8 billion, above analysts' estimates.
Full articleSummary: Texas Instruments (TXN) reported first-quarter revenue that topped estimates and provided an upbeat outlook for the upcoming quarter, exceeding expectations with revenue of $3.66 billion and forecasting revenue of up to $3.9 billion for the next quarter.
Full articleSummary: JPMorgan Chase commits philanthropic capital to support communities in Scotland, actively recruits locally, and runs initiatives to encourage young people in tech and STEM pathways. It focuses on developing strong links with schools, universities, and community organizations in Glasgow and Edinburgh.
Full articleSummary: The Philippines' Securities and Exchange Commission orders Google and Apple to remove Binance cryptocurrency exchange from their app stores due to violations of securities laws and operating as an unregistered broker.
Full articleSummary: Chinese entities bypassed the U.S. ban on AI chips by acquiring Nvidia chips indirectly through resellers to use them for advanced research. SoftBank plans to invest $960 million to develop a Japanese-language-specific generative AI model, purchasing advanced graphics processing units from Nvidia. Analysts are bullish on NVDA stock, with a Strong Buy consensus rating and an average price target of $1,004.92, representing a 26.4% upside potential.
Full articleSummary: Google is delaying the end of third-party cookies in its Chrome browser to give more time for industry feedback and regulatory review. This marks the third postponement of the original deadline set in January 2020.
Full articleSummary: Bank of Montreal announced the redemption of all its outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 27 for a total of $500 million on May 25, 2024.
Full articleSummary: Chinese universities and research institutes obtained high-end Nvidia artificial intelligence chips through resellers, despite the U.S. ban. The chips were embedded in server products made by Super Micro Computer Inc., Dell Technologies Inc., and Gigabyte Technology Co Ltd. The purchases were limited but could benefit AI research.
Full articleSummary: Short interest in CVS Health has increased by 21.62% since the last report, with 22.72 million shares sold short, representing 1.8% of all regular shares. Traders would take 2.62 days to cover their short positions on average. Peer comparison indicates CVS Health has less short interest compared to its peers.
Full articleSummary: Salesforce Chair and CEO, Marc Benioff, sold 15,000 shares of common stock for $4,110,502.
Full articleSummary: Hisense partners with Honeywell to incorporate lower-GWP refrigerant into its residential air-conditioning units in line with global efforts to phase out higher-GWP refrigerants. Honeywell's Solstice R-454B offers outstanding performance in cooling and heating, aligning with sustainability goals amidst increasing legislative mandates to reduce high-GWP HFCs.
Full articleSummary: Traders in the US interest-rates market are betting that the Federal Reserve will not cut borrowing costs this year, leading to more hawkish positioning. Some traders are preparing for a potential slump in Treasuries while others are anticipating a rise in 10-year yields. Asset managers have shifted to record net longs in 2- and 5-year note futures.
Full articleSummary: General Electric Co. (GE) raised its full-year profit guidance for its aerospace business after reporting a 24 percent rise in operating profit and a 15 percent increase in sales in the first quarter. GE also announced an outlook for adjusted earnings per share, in the range of $3.80 to $4.05. The creation of a standalone GE Aerospace followed the company's April 2 spin-off of GE Vernova Inc., its energy businesses.
Full articleSummary: Caitlin Clark has signed a lucrative 8-year, $28 million endorsement deal with Nike, including a signature shoe, making it the richest sponsorship contract for a women’s basketball player. The deal surpasses offers from Under Armour, Adidas, and Puma.
Full articleSummary: RBC Capital raised price target on RTX to $96 from $88 with a 'sector perform' rating suggesting a price drop, citing concerns over delivery delays at Boeing and margin pressures in defense business.
Full articleSummary: Pharmaceutical giant Pfizer Inc. (NYSE: PFE) will shut down its research and development facility in Boulder, resulting in job cuts. The facility focused on oncology drug research and employs about 300 workers.
Full articleSummary: Coca-Cola Consolidated, Inc. share price has soared 173% in the last three years, with earnings per share (EPS) growing at 33% per year over the same period. The total shareholder return (TSR) over the last 3 years was 182%, largely driven by dividend payments. Shareholders have received a total shareholder return of 51% over one year, reflecting an improvement in business performance.
Full articleSummary: Caitlin Clark is set to sign a historic eight-year, $28 million contract with Nike, making it the richest sponsorship deal for a women's basketball player. This deal comes after her selection as the first overall pick in the WNBA Draft with the Indiana Fever.
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