Summary: Lockheed Martin's Space segment experienced an increase in sales and operating profit in Q1 2024 compared to Q1 2023, with higher sales on multiple programs and increased operating profit driven by higher equity earnings at United Launch Alliance.
Full articleSummary: Nike Inc. announced layoffs for 740 employees at its world headquarters in Beaverton, Oregon as part of a plan to deliver up to $2 billion in cost savings over the next three years. The layoffs are connected to a plan the retailer announced in December 2023.
Full articleSummary: Texas Instruments (TXN) Q1 2024 earnings results beat EPS expectations and revenue was in line with expectations.
Full articleSummary: Microsoft is testing the placement of ads in Windows 11 Settings and Start Menu, sparking mixed reactions from users. The company is also experimenting with placing ads disguised as 'recommendations' for its products.
Full articleSummary: Comcast's Xfinity Mobile will now offer WiFi speeds up to 1 gigabit per second on its hotspots, enhancing the mobile experience with faster streaming, gaming, downloading, and web browsing. This upgrade is part of Comcast's larger investment in its network, including fiber-based technology and over $20 billion in network enhancements over the past five years.
Full articleSummary: Intel's slower growth in chip making and datacenter businesses is causing jitters among analysts on Wall Street, leading to price target cuts from HSBC and Raymond James.
Full articleSummary: MetLife (NYSE: MET) increases its quarterly dividend by 4.8% to $0.545 per share, or $2.18 annualized.
Full articleSummary: Texas Instruments Inc.'s stock jumped over 5% in extended trading after reporting better-than-expected quarterly results and guidance. Net income for fiscal first quarter was $1.11 billion or $1.20 per share, down from $1.7 billion or $1.85 per share a year ago. Revenue decreased 16% to $3.66 billion.
Full articleSummary: U.S. stocks rallied for a second straight day, boosted by upbeat earnings reports and a weaker-than-expected U.S. business activity report. The market remains cautiously optimistic about avoiding a severe recession and keeping inflation in check.
Full articleSummary: Texas Instruments (NASDAQ: TXN) reported better-than-expected earnings and revenue for fiscal Q1 2024, causing its shares to jump 5% in after-hours trading.
Full articleSummary: Tristar Acquisition I Corp. received a notice from the New York Stock Exchange stating that it is not in compliance with timely filing criteria for its Annual Report. The company has six months to file the Form 10-K and regain compliance with NYSE listing standards.
Full articleSummary: The Supreme Court seems ready to make it harder for workers to get help in unionizing disputes, particularly in the case involving Starbucks firing seven employees, leading to setbacks for the labor movement. The case questions the role of courts in forcing companies to rehire workers perceived to be improperly fired.
Full articleSummary: Analysts are neutral on Snap (SNAP), Verizon (VZ), and Interpublic Group of Companies (IPG). Snap has a Hold rating with a price target of $14.00, Verizon has a Hold rating with a $44.00 price target, and Interpublic Group of Companies has a Hold rating with a $32.00 price target.
Full articleSummary: Texas Instruments reported better than expected first quarter EPS and revenue. However, their guidance for Q2 2024 fell below analyst estimates.
Full articleSummary: Disney and ESPN Chief Technology Officer Aaron LaBerge is leaving the company to join Penn Entertainment as CTO, effective July 1. He has been instrumental in developing Disney's streaming services and integrating advertising into Disney+. LaBerge has also been a key figure behind ESPN's streaming services such as ESPN+.
Full articleSummary: Nike is set to sign a deal with Indiana Fever G Caitlin Clark in an effort to boost sales and improve public relations amidst struggles, especially with cooling demand for shoes and slipping digital sales. This move comes as Nike aims to associate itself with an emerging basketball star during uncertain times. On the other hand, Aces F A’ja Wilson's lack of a signature shoe is gaining attention as Clark is expected to receive one soon, highlighting the lack of representation for Black players in the WNBA.
Full articleSummary: IBM is reportedly in advanced negotiations to acquire HashiCorp, a cloud software provider specializing in managing cloud infrastructure.
Full articleSummary: Republican-led states target ESG principles in investments, Tennessee AG files consumer protection action against Blackrock focusing on ESG confusion, Other AGs investigating similar consumer deception claims against Blackrock in ESG space.
Full articleSummary: Coca-Cola makes a $1.1bn commitment to the Microsoft Cloud for AI capabilities, expanding their partnership from a $250m agreement announced in 2020. The collaboration aims to enhance technology transformation and utilize AI across various business functions.
Full articleSummary: Coca-Cola partners with Microsoft in a $1.1bn commitment to utilize Microsoft Cloud and generative AI capabilities, focusing on digital transformation and experimenting with new technologies like Azure OpenAI Service. The partnership aims to enhance customer experiences, streamline operations, and uncover growth opportunities.
Full articleSummary: MetLife, Inc. has announced a 4.8% increase in its common stock dividend for the second quarter of 2024, continuing a trend of growth in dividends since 2011.
Full articleSummary: Caitlin Clark is set to sign a lucrative sponsorship contract with Nike worth up to $28 million over eight years after being picked first in the 2024 WNBA draft.
Full articleSummary: Goldman Sachs analyst reiterates bullish stance on PM stock, citing robust Q1 performance and raised guidance for 2024, expecting strong future prospects. Buy rating maintained by Jefferies with $101.00 price target.
Full articleSummary: Google has fired more than 20 additional employees following protests against its cloud computing contract with the Israeli government, bringing the total to about 50 employees terminated for disruptive activity during sit-ins at Google offices.
Full articleSummary: Nelly Korda's historic streak in golf receives high praise from PGA Tour stars like Wyndham Clark and Scottie Scheffler, admiring her five consecutive wins including a Major victory, solidifying her as the best female golfer in the world.
Full articleSummary: Exxon Mobil (XOM) has seen sentiment shifting from negative to positive, with recent outperformance in the Oil & Gas sector. However, challenges like declining revenue and high capital expenditures may impact future free cash flow and share price returns in 2024. Analysts' upgrades could limit potential upside after upcoming earnings.
Full articleSummary: Texas Instruments reported a 16% decrease in revenue compared to the same quarter last year, with net income and earnings per share also dropping by 35%. The company invested in R&D, SG&A, and capital expenditures while returning $4.8 billion to owners. The second quarter outlook projects revenue between $3.65 billion to $3.95 billion and earnings per share of $1.05 to $1.25.
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