Summary: Apple has announced a special event 'Let Loose' on May 7, potentially focusing on iPads. Additionally, the annual Worldwide Developers Conference (WWDC) dates were announced for June 10 to 14, where updates for operating systems are expected.
Full articleSummary: Oracle launches Autonomous Shield initiative to help healthcare customers migrate to a comprehensive EHR and Cloud Infrastructure solution to increase system performance and reduce risk. More than 1,000 Oracle Health EHR customers are already benefiting from Oracle Cloud Infrastructure's advanced automation and security. Oracle is expanding its commitment to create a safer and more secure healthcare ecosystem by providing real-time threat detection, monitoring, and migration support to OCI.
Full articleSummary: Coca-Cola collaborates with Microsoft to test Azure OpenAI Service and Copilot for Microsoft 365 use cases across business functions, improving customer experiences, operations, and identifying growth opportunities.
Full articleSummary: Texas Instruments Inc. (TXN) reported a decrease in earnings for the first quarter compared to the previous year but surpassed Street estimates. The company's revenue for the quarter also declined by 16.4%.
Full articleSummary: Texas Instruments Inc reported first-quarter revenue of $3.66 billion, beating analyst estimates. The company's earnings per share also exceeded expectations. Cash flow from operations was strong at $6.3 billion for the trailing 12 months.
Full articleSummary: Wells Fargo analyst maintained Buy rating on Starbucks with a price target of $105.00. Company received Buy rating from Bank of America Securities as well. Oppenheimer maintained a Hold rating on Starbucks. Starbucks reported quarterly revenue of $9.43 billion and a net profit of $1.02 billion.
Full articleSummary: PepsiCo, Inc. has a net debt of about US$34.1b with a strong interest cover of 15.8 times, suggesting moderate use of debt. The company's free cash flow worth 55% of its EBIT puts it in a good position to pay down debt. Overall, it appears that PepsiCo can comfortably handle its current debt levels.
Full articleSummary: Texas Instruments Inc. gave a bullish revenue forecast for the current quarter, suggesting easing demand slump for industrial and automotive components. The company stated that sales could reach $3.95 billion, higher than analysts' estimates, and profit is expected to be between $1.05 to $1.25 a share.
Full articleSummary: Texas Instruments Inc. gave a bullish revenue forecast for the current quarter, exceeding analysts' estimates.
Full articleSummary: MetLife, Inc. announced a 4.8% increase in its common stock dividend for the second quarter of 2024 compared to the first quarter, continuing its growth trend since 2011.
Full articleSummary: Starbucks is set to hold talks with labor representatives from unionized stores to reach contracts by 2024 on key issues like wages and health care. The company aims to achieve collective bargaining agreements and resolve related litigations.
Full articleSummary: Dow and Nasdaq gained triple digits, S&P 500 also rose as investors focused on corporate earnings and Tesla's upcoming report. U.S. Treasury yields fell after positive manufacturing data. Gold and crude oil prices fluctuated.
Full articleSummary: NextEra Energy, Inc. reaffirmed its adjusted earnings guidance for the full years 2024, 2025, and 2026. It expects adjusted earnings for fiscal 2024 in the range of $3.23 to $3.43 per share and anticipates growth in earnings for 2025 and 2026.
Full articleSummary: MetLife announces a 4.8% increase in its second quarter 2024 common stock dividend compared to the first quarter. The dividend will be payable on June 11, 2024.
Full articleSummary: Salesforce had its price target raised by Jefferies Financial Group and received multiple outperform/buy ratings from several research analysts. The company's stock had a buy rating and a consensus target price of $310.61.
Full articleSummary: NextEra Energy Partners (NEP) stock jumped 8.8% after reporting strong Q1 2024 financial results beating analysts' expectations. The company reported revenue of $257 million and funds from continuing operations of $0.75 per share, significantly higher than expected $0.12 per share. NextEra Energy Partners also increased funds available for distribution and reiterated positive guidance for 2024.
Full articleSummary: More banned Nvidia GPUs have made their way into Chinese universities, local governments, and private companies, despite US export regulations; Dell, Supermicro, and Gigabyte servers involved. The companies denied wrongdoing, speculations on smuggling.
Full articleSummary: Comcast Corporation's stock is currently trading below the industry PE ratio, indicating it might be undervalued. However, with a relatively muted profit growth expected over the next couple of years, high growth potential might not be a key driver for a buy decision in the short term. Investors are advised to consider factors like capital structure and management team track record before making investment decisions.
Full articleSummary: Apple is reducing the expected shipments of its Vision Pro units for 2024 and anticipates a decline in shipments for 2025, leading to a review and adjustment of its headset product roadmap.
Full articleSummary: GE Aerospace reported Q1 2024 results with earnings beating the Zacks Consensus Estimate but revenues missing. GE Aerospace emerged as a separate public company following the spin-off of GE Vernova Inc. GEV from General Electric. GE expects adjusted revenues to grow in the low-double-digit range in 2024.
Full articleSummary: Integro Bank in Arizona has received delegated authority from the U.S. Small Business Administration, becoming an SBA Preferred Lender with an additional designation as an SBA Express Lender. This will allow the bank to provide enhanced services and opportunities for small businesses, with a focus on expedited loan processing for smaller-sized loans.
Full articleSummary: IBM is reporting earnings from the last quarter, with analysts expecting earnings per share of $1.60, an increase from the previous year. Sales for the quarter are predicted to be $14.53 billion, up 1.93% from the prior year quarter. Analysts also expect a higher profit per share for the current fiscal year compared to the previous year.
Full articleSummary: Apple announced a special event on May 7 with the tagline 'Let loose' expected to focus on new iPad hardware and accessories including an expanded iPad Air lineup, new iPad Pro models with OLED displays, a new Apple Pencil with Find My integration, and an updated Magic Keyboard.
Full articleSummary: Commodity Futures Trading Commission is investigating JPMorgan, Citigroup, and Bank of America for details on nondisclosure agreements to protect potential whistleblowers.
Full articleSummary: Commodity Futures Trading Association is seeking information from JPMorgan, Citigroup, and Bank of America regarding nondisclosure agreements for employees to protect whistleblowers. CFTC is investigating if the contracts hamper whistleblowers or facilitate reporting of wrongdoing.
Full articleSummary: Intel (NASDAQ:INTC) experienced performance decline in some major processors. Reports indicate issues with Core i9-14900K chips and limitations of Battlemage Xe2 GPU. Additionally, Intel is facing a lawsuit over exposure to chemicals. Wall Street analysts have a Hold consensus rating on INTC stock.
Full articleSummary: Boeing (BA) is expected to report a decline in top-line revenue and per share loss for Q1 due to various issues including production problems, 787 Dreamliner whistleblower, and CEO resignation. Despite facing troubles, Boeing still secured gross orders and maintains a strong order backlog.
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