Summary: Texas Instruments Inc. (TXN) reported earnings for the first quarter, with a decrease from last year but beating Street estimates. The company's revenue for the quarter fell by 16.4% to $3.66 billion.
Full articleSummary: Oracle is actively involved in standards-setting organizations in Europe, including the development of artificial intelligence, cloud, and products with digital elements. European standardization is viewed as a driver of competitiveness and resilience by the European Commission.
Full articleSummary: 10X Capital Venture Acquisition Corp. III notified by NYSE American for not timely filing Annual Report, but has a six-month Cure Period to regain compliance by filing the report.
Full articleSummary: Seagate Technology Holdings to sell intellectual property and equipment assets to Broadcom subsidiary for $600 million in cash.
Full articleSummary: US equities climbed as Dow Jones tests 38,500.00 amidst weaker PMIs, with focus on upcoming US GDP and PCE inflation data.
Full articleSummary: Bank of America Securities analyst maintained a Hold rating on Zillow Group Class A (ZG), with an average price target of $59.23. The company reported a quarterly revenue of $474 million with a GAAP net loss of $73 million.
Full articleSummary: Raytheon, an RTX business, broke ground on a $115 million, 26,000 square-foot expansion of its Redstone Raytheon Missile Integration Facility in Huntsville, bringing 185 new jobs and demonstrating a commitment to continued GPI development.
Full articleSummary: Raytheon broke ground on a $115 million, 26,000 square-foot expansion of its Redstone Raytheon Missile Integration Facility, which will support key missile programs including the Glide Phase Interceptor and bring 185 new jobs to the area.
Full articleSummary: MetLife increases its common stock dividend by 4.8% to 54.5 cents per share for the second quarter, which represents a dividend yield of about 3% based on the company's closing share price of $72.22.
Full articleSummary: Seagate Technology Holdings is selling intellectual property and equipment assets to a Broadcom subsidiary for $600 million in cash, related to system-on-chip products. The deal includes job offers to certain employees and a restructured purchasing agreement.
Full articleSummary: MetLife's board declared a second quarter common stock dividend of 54.5 cents per share, a 4.8% increase from the prior dividend of 52 cents, payable on June 11 to shareholders of record on May 7.
Full articleSummary: Texas Instruments Inc reported first quarter financial results for 2024, with revenue exceeding analyst expectations but showing a significant year-over-year decline. The company's net income also surpassed estimates but reflected a decrease from the previous year. Despite challenges in the market, Texas Instruments demonstrated strong financial management and strategic investments in research and development and capital expenditures.
Full articleSummary: Philip Morris International (PM) reported strong first-quarter earnings driven by growth in its IQOS heated tobacco sticks, leading to a 3.8% increase in its stock price. The company's revenue increased by 9.7%, with a significant market share gain for IQOS in Europe and Japan. Philip Morris expects continued growth in the heated tobacco category and higher EPS for the year.
Full articleSummary: Starbucks is seeking Supreme Court intervention to limit National Labor Relations Board's power after rehiring 7 workers in Tennessee who were fired for unionizing efforts. The company argues that NLRB's injunction process can be burdensome and varies across federal appeals courts.
Full articleSummary: Broadcom acquired VMware in November 2023, causing significant changes in the cloud market and raising concerns about price uncertainty, attrition of key components, and potential staffing issues for businesses relying on VMware.
Full articleSummary: 10X Capital Venture Acquisition Corp. III received a Notice from NYSE American for not timely filing its Annual Report and is given a Cure Period of six months to comply with NYSE American's continued listing standards.
Full articleSummary: Texas Instruments Inc. (TXN) reported first-quarter net income of $1.11 billion, with earnings per share of $1.20, surpassing Wall Street expectations. The chipmaker posted revenue of $3.66 billion, exceeding Street forecasts. Texas Instruments expects revenue in the range of $3.65 billion to $3.95 billion for the current quarter ending in June.
Full articleSummary: The U.S. SEC is seeking feedback on BlackRock's Ethereum spot ETF proposal and other similar proposals from Fidelity, Grayscale, and Bitwise. Analysts are skeptical about the approval of these ETFs in May.
Full articleSummary: Bank of America Securities analyst maintained a Buy rating on Penn National Gaming (PENN) with a price target upgrade; Truist Financial also upgraded the stock to Buy. Analyst consensus is Moderate Buy with a 45.44% upside potential. The company operates gaming and racing facilities and video gaming terminal operations.
Full articleSummary: Oracle launches Autonomous Shield initiative to help customers migrate to a comprehensive EHR and Cloud Infrastructure solution, providing advanced automation and security to more than 1,000 Oracle Health EHR customers. The initiative aims to simplify and accelerate migrations to Oracle Cloud Infrastructure, offering improved performance gains and enhanced cybersecurity measures.
Full articleSummary: Texas Instruments Inc. reported better-than-expected first-quarter earnings and revenue, with net income of $1.11 billion and revenue of $3.66 billion, surpassing Wall Street estimates.
Full articleSummary: Seaport Global analyst maintained a Buy rating on General Dynamics and set a price target of $321.00. The company received Buy rating from Barclays's David E. Strauss but Hold rating from Bernstein. General Dynamics reported quarterly revenue of $11.67 billion and net profit of $1.01 billion.
Full articleSummary: Ecrio and Intel collaborate to deliver private 5G solutions for mission critical communications, targeting industrial verticals and federal agencies. They aim to revolutionize mission critical connectivity and communication for private 5G networks.
Full articleSummary: Texas Instruments reported lower profit in the first quarter due to declining revenue across all end markets. Revenue fell 16% to $3.66 billion, beating analyst expectations. The company expects revenue of $3.65 billion to $3.95 billion in the second quarter, down from $4.53 billion a year earlier.
Full articleSummary: Wells Fargo and Raymond James analysts maintained Buy ratings on Chipotle, setting price targets of $3,285.00 and $2,884.25 respectively. However, Jefferies maintained a Hold rating on the stock. Chipotle reported a quarterly revenue of $2.52 billion and a net profit of $282.09 million, showing growth compared to the previous year.
Full articleSummary: Former Iowa women's basketball star Caitlin Clark is close to sealing a record-breaking deal with Nike worth more than $20 million across eight years which includes a signature shoe line.
Full articleSummary: Caitlin Clark signed a $28 million deal with Nike after outrage over her WNBA rookie salary, making it the largest sponsorship contract for a female basketball player. She had also explored deals with Under Armour and Adidas.
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