Summary: Comparison between Pfizer and Viking Therapeutics in terms of investment options within the pharmaceutical industry, highlighting Pfizer's stable income potential and Viking's growth potential.
Full articleSummary: Nvidia has been a lucrative investment for retail investors due to its significant growth since 2019, with some early investors experiencing life-changing gains.
Full articleSummary: Morgan Stanley analysts highlighted 10 stocks with near-term catalysts from strong earnings, new product releases, and events that could spark a bull run; Nvidia and Abbott stand out with significant potential. Amazon, Corning, Lazard, LifeStance Health Group, PACCAR, S&P Global, SBA Communications, and Seagate Technology are also potential winners with upcoming positive catalysts.
Full articleSummary: Microsoft Corp. unveiled a new family of AI models, targeting consumer-end devices for offline use. The smallest model, Phi-3 Mini, has 3.8 billion data parameters and aims to make generative AI services more accessible and cost-efficient for enterprises and consumers. The launch of small AI models follows the trend of making AI more feasible for common use cases, such as photo editing and note-taking.
Full articleSummary: Alphabet (GOOGL) and Microsoft (MSFT) are set to report their quarterly earnings this week. Alphabet is expected to see a 27% increase in earnings to $1.49 per share while Microsoft is expected to post earnings of $2.81 per share for its current fiscal third quarter, reflecting a 14% increase from a year ago.
Full articleSummary: Comcast launches WiFi Boost capabilities allowing Xfinity Mobile and Comcast Business Mobile devices to reach speeds of up to 1 Gbps on Xfinity Mobile hotspots, with over 90% of mobile data traffic on Xfinity Mobile devices already traveling over WiFi.
Full articleSummary: North Pacific Green Corridor Consortium aims to decarbonise transportation corridor between Canada, Japan and South Korea. Numerous companies, including Canadian Railways (CN), have joined the consortium to work together for decarbonisation efforts in the transportation of commodities.
Full articleSummary: Major banks like TD Bank and Wells Fargo are closing multiple branches across the US, with 28 locations being shuttered this week, mostly concentrated in the northeast. Other banks like Bank of America, Citibank, Liberty Bank, and Capital One are also closing branches in various states.
Full articleSummary: IBM in advanced talks to acquire software company HashiCorp Inc. Final agreement not reached yet. IBM set to release first quarter earnings for 2024 on Wednesday.
Full articleSummary: Lockheed Martin incurred a $100 million loss on a classified program in its missiles and fire control unit, with potential additional losses of up to $225 million by year-end. Despite the short-term losses, executives believe the program will yield strong returns in the future. The company's net sales increased to $17.1 billion this year, driven by sales growth in missiles and fire control. Lockheed also won the Next Generation Interceptor program, attributing their success to ongoing digital transformation initiatives.
Full articleSummary: GE Aerospace had a strong start to 2024, with double-digit growth in orders, revenue, and operating profit. The company raised its full-year forecast and reported significant profit and cash growth. However, growth estimates for LEAP engine production were lowered.
Full articleSummary: Bank of America (BAC) has been listed as one of the most searched stocks on Zacks.com, showing a +2.4% return over the past month. Key factors such as earnings estimate revisions, revenue growth forecast, last reported results, and valuation indicate a Hold rank (#3) for the stock.
Full articleSummary: Bank of America is facing pressure from state financial officials due to alleged de-banking of Christian organizations and sharing private financial data with FBI. Bank responded by denying the claims and stating that religious and political beliefs are not factors in account decisions.
Full articleSummary: Philippines SEC has called on Apple and Google to remove Binance's app from their app stores due to unregistered securities sale and operating as an unregistered broker. Similar moves by regulators in India have occurred in the past.
Full articleSummary: Comcast announced that Xfinity Mobile and Comcast Business Mobile devices can now connect to millions of new 'Xfinity Mobile' hotspots and receive Internet speeds over WiFi up to 1 Gigabit per second (Gbps), delivering a faster connection over Xfinity's WiFi network.
Full articleSummary: NextEra Energy Inc. secured a deal to transfer around $1 billion in tax credits this year, a significant increase compared to last year.
Full articleSummary: Amazon launches a low-cost subscription service for grocery delivery to Prime members and customers with EBT cards to compete with Walmart and Target. The subscription offers unlimited delivery from Amazon Fresh, Whole Foods Market, and other local retailers for $9.99/month for Prime members and $4.99/month for EBT cardholders.
Full articleSummary: Amazon Prime members now have the option for unlimited grocery deliveries for $9.99/month, which includes Amazon Fresh, Whole Foods, and more. The cost is higher compared to Walmart and Target offerings.
Full articleSummary: Federated Hermes Inc. lowered its position in shares of The Charles Schwab Co. by 19.0% in the 4th quarter. Several other institutional investors have also modified their holdings of the company. Wall Street analysts issued varied ratings on Charles Schwab. Insider transactions involving stock sales were reported. The company also announced a quarterly dividend.
Full articleSummary: USCGC Calhoun, powered by GE Aerospace LM2500 marine gas turbine, was commissioned by US Coast Guard in Charleston. Calhoun is the newest National Security Cutter with various mission capabilities. The LM2500 gas turbine will power all 11 National Security Cutters.
Full articleSummary: Xfinity Mobile and Comcast Business Mobile devices can now connect to millions of new 'Xfinity Mobile' hotspots and receive Internet speeds over WiFi up to 1 Gigabit per second. Comcast continues to invest in their network to provide a superior experience for customers, with over 23 million WiFi hotspots available.
Full articleSummary: Comcast announces that Xfinity Mobile and Comcast Business Mobile devices can now connect to millions of new Xfinity Mobile hotspots, providing Internet speeds up to 1 Gigabit per second over WiFi. The company has invested over $20B in upgrading and expanding its network to support the increasing number of connected devices.
Full articleSummary: Apple has announced a special event on May 7, expected to unveil new iPad Pro with OLED display, updated chipset, new Apple Pencil, and Magic Keyboard. This ends the longest wait for new iPad models since 2010.
Full articleSummary: IBM is nearing a deal to buy cloud software provider HashiCorp, with HashiCorp's shares rising more than 7% following the news.
Full articleSummary: Nike is bringing back the Nike Cortez colorway from “Forrest Gump” in a premium leather version with additional comfort features. The colorway has been popular since the '70s and gained significant attention through appearances in movies like “Forrest Gump” and “Charlie’s Angels.” A pair of Cortezes used in the filming of “Forrest Gump” was sold at auction for $57,000 in March.
Full articleSummary: PepsiCo beats Wall Street expectations for first-quarter revenue and profit driven by international markets, while experiencing a slowdown in the United States. The company's average prices jumped 5% in the first quarter while organic volume slipped 2%.
Full articleSummary: IBM is in advanced talks to acquire software company HashiCorp Inc. A final agreement hasn't been reached yet.
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