Summary: CISCO and the ICT Authority are launching the Country Digital Acceleration and Networking Academy Programme in Kenya to accelerate digitization and empower citizens, with CISCO's investment of over $180 million in Africa, pledge of $200 million for next decade, and partnership with organizations like Clean Start Kenya and The Klimanjaro Blind Trust Africa.
Full articleSummary: Residents of certain states in the U.S. may be entitled to compensation if they receive harassing debt collection calls from various financial institutions. Attorneys are interested in talking to consumers who received illegal creditor and debt collection calls in California, Connecticut, Florida, Georgia, Massachusetts, Michigan, Pennsylvania, South Carolina, and Texas. Consumers may be eligible to take legal action if they receive excessive debt collection calls.
Full articleSummary: Apple has slashed its shipping estimates for Vision Pro from 700,000-800,000 units to 400,000-450,000 units based on an analyst report by Ming-Chi Kuo. This reduction in demand has led Apple to reconsider its overall strategy for the headset market, potentially impacting future Vision Pro models.
Full articleSummary: Supreme Court to hear Starbucks's challenge regarding workers attempting to unionize in Memphis and the company's push to make it harder for NLRB to intervene in labor law violation cases.
Full articleSummary: Surface Transportation Board (STB) issued findings in its probe into Union Pacific (UP) over excessive use of embargoes, UP enacted more than 1,000 embargoes in 2022 due to crew shortages, reduced embargoes to 181 in 2023 but still more than all other freight railroads combined, STB expects UP to continue curbing its use of embargoes.
Full articleSummary: Tennessee Valley Asset Management Partners acquired a new position in Chevron Co. Shares; Insider sold shares; Chevron increased its dividend; Several analyst upgrades and downgrades reported
Full articleSummary: Oracle announced Oracle Climate Change Analytics Cloud Service to help financial institutions understand financed emissions, address regulatory compliance, and mitigate climate change-related risks.
Full articleSummary: Wells Fargo (WFC) currently holds a Momentum Style Score of B, indicating a promising momentum pick based on factors like price change and earnings estimate revisions. The stock has shown strong price performance compared to its industry, with shares up over the past week, month, quarter, and year. Earnings estimate revisions have also been positive, contributing to the stock's #1 (Strong Buy) rating and Momentum Score of B.
Full articleSummary: Apple is ranked as the 17th analyst pick out of 30 stocks in the Dow Jones Industrial Average and the 185th spot out of 500 stocks in the S&P 500 index. The stock price of Apple has decreased by approximately 13.6% year to date.
Full articleSummary: Honeywell's philanthropic arm, HHSIF, partners with FSID and IISc to provide funding and research support to Indian start-ups in agri-tech, clean-tech, health-tech, and green-tech sectors, with a focus on deep science research. Several startups have already benefitted from this collaboration.
Full articleSummary: Salesforce Inc CRM advocates for increased environmental regulation of artificial intelligence, pushing for legislation mandating AI emissions disclosure. Salesforce emphasizes transparency in energy efficiency and carbon footprints reporting for AI models. They see these disclosures as crucial for achieving a net-zero future and assessing risks of high-impact AI models. The company also ended acquisition talks with Informatica Inc INFA, impacting potential significant merger discussions.
Full articleSummary: Philip Morris International Inc. reported diluted EPS grew 7.8% to $1.38 and adjusted diluted EPS grew 8.7% to $1.50; it also raises 2024 currency-neutral guidance, emphasizing strong smoke-free momentum.
Full articleSummary: Walmart introduces One as another buy now, pay later option in select stores, offering installment loans for higher-priced items with interest rates ranging from 9.99% to 35.99%. One may potentially reduce Walmart's reliance on third parties for financial services and could handle its credit-card program.
Full articleSummary: Lockheed Martin beat Wall Street expectations for first-quarter sales and profit due to increased defense spending, particularly in missiles and fire control unit. The company's sales in aeronautics business also rose, reinforcing confidence in achieving full-year financial expectations. Lockheed also won a $17 billion contract from the U.S. Missile Defense Agency.
Full articleSummary: GE Aerospace raised its full year profit forecast despite lower production expectations for LEAP engines due to Boeing's delivery issues. The company expects increased operating profit and adjusted earnings per share for 2024.
Full articleSummary: FedEx Express celebrates 40th anniversary by organizing beach clean-up activity in partnership with local non-profit, donating P1 million to support sustainable programs, and donating recycling bins to encourage recycling and upcycling.
Full articleSummary: Apple is set to reveal a new iPad Pro and iPad Air, along with accessories, at a May 7 livestream event. The new iPad Pro is rumored to feature an OLED display, M3 chip, slimmer chassis, and thinner bezels. The iPad Air is expected to have a new miniLED display, come in two sizes, and contain the new M2 chip. Apple is also rumored to release a new Magic Keyboard and Apple Pencil with added features.
Full articleSummary: Salesforce, Inc. gapped up prior to trading on Monday after Jefferies Financial Group raised their price target on the stock from $350.00 to $360.00. The stock had previously closed at $270.37, but opened at $279.39. Several equities research analysts have given positive ratings on the stock, with consensus rating of 'Moderate Buy' and a consensus target price of $310.61. Insiders including the CFO and CEO have been selling company shares. Institutional investors have made significant changes to their positions in CRM. The firm has shown positive price performance with a steady increase.
Full articleSummary: Boeing's plan to buy back supplier Spirit AeroSystems has hit pricing hurdles related to Airbus components, potentially affecting the US planemaker's attempts to improve manufacturing quality. The talks are complex due to Spirit's ties to Airbus and other manufacturers. Spirit's stock fell 1.4% initially after the news.
Full articleSummary: Honeywell International Inc. experienced unusual options trading activity, Analysts have provided mixed ratings for HON stock, and the company announced a quarterly dividend. Institutional investors and hedge funds have made changes to their positions in the company.
Full articleSummary: Philip Morris International reported positive earnings and revenue for fiscal Q1 2024, exceeding analysts' estimates and providing an upbeat guidance for the full year.
Full articleSummary: Apple has sent out media invites for a special event on May 7, hinting at the launch of new iPad models including 11-inch and 13-inch iPad Pro with OLED displays. Rumours also suggest a refresh of the Air lineup and launch of new accessories like Magic Keyboard and Apple Pencil.
Full articleSummary: Danaher beat quarterly profit and sales expectations driven by strength in diagnostics and bioprocessing businesses. However, the company forecast a decline in 2024 revenue due to reduced demand and funding crunch in biotech industry.
Full articleSummary: Boeing Co. employees' union claims company retaliated against engineers who raised concerns about 777 and 787 jets in 2022, but engineers prevailed after Boeing re-did analysis.
Full articleSummary: RTX reported higher sales and earnings for the first quarter with a backlog of $202 billion, surpassing analyst expectations. The company is maintaining its guidance for adjusted earnings this year.
Full articleSummary: Google has fired over 50 employees involved in protests against its cloud computing contract with Israel. The company stated that the terminated employees were directly engaged in disruptive activities inside Google offices.
Full articleSummary: Pfizer and BioNTech have asked a London court to revoke rival Moderna's patents over technology key to COVID-19 vaccine development. The legal battle is part of ongoing global litigation around messenger RNA (mRNA) technology, with Moderna alleging that Pfizer and BioNTech copied its advances.
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