Summary: United Parcel Service (UPS) expects profitability from its new U.S. Postal Service (USPS) air cargo contract, following FedEx's struggles with the business. UPS believes it can profit from the deal due to its unified network that reduces costs by moving short-distance USPS shipments locally or regionally.
Full articleSummary: Apple has scheduled a virtual event for May 7, likely focusing on iPad updates including iPad Pro and iPad Air with new chips and features.
Full articleSummary: Broadcom's price hikes and partner snubs are fueling Scale Computing's record growth, attracting VMware customers seeking alternatives due to fears of diminished support, innovation, and significantly higher pricing.
Full articleSummary: Bank of America believes Tesla's headwinds are already priced in and positive stock reaction possible if growth plans are announced during the earnings call such as hints on Robotaxi event and low-cost Model 2 launch.
Full articleSummary: Salesforce offers robust e-commerce solutions that enhance customer interactions, improve operational efficiency, and provide data-driven insights. The platform plays a pivotal role in transforming e-commerce platforms to thrive in a dynamic business environment.
Full articleSummary: TVS Supply Chain Solutions announced that its wholly owned subsidiary, TVS SCS North America, has earned recognition as a Partner-level supplier for 2023 in the John Deere 'Achieving Excellence Program', further reinforcing its commitment to quality and continuous improvement.
Full articleSummary: Danaher Corporation reported first-quarter 2024 adjusted earnings of $1.92 per share, surpassing the Zacks Consensus Estimate of $1.72, with net sales of $5.8 billion exceeding estimates. However, the bottom line declined 27.1% year over year, and organic sales decreased by 4% in the quarter.
Full articleSummary: Ford Pro dominated the 19th annual Vincentric Best Fleet Value in America Awards, winning eight awards. The awards highlight the value, durability, and performance of Ford Pro commercial vehicles, including the Ford F-Series and Transit models.
Full articleSummary: RTX reported strong first quarter 2024 results with sales increasing by 12% over the prior year, a backlog of $202 billion, and adjusted EPS up by 10% compared to the prior year.
Full articleSummary: Oracle receives accreditation from the Department of Defense to handle classified, secret-level data, putting it on par with its competitors in the federal cloud space.
Full articleSummary: Google fires more than 20 employees after sit-in protests against its collaboration with the Israeli government on 'Project Nimbus'. Nine protesters were arrested, and the company's security head sent a memo condemning the demonstrations. Google CEO Sundar Pichai warned employees about boundaries to adhere to, despite fostering open discussion.
Full articleSummary: GE Aerospace reported better-than-expected first-quarter profit, raised guidance for operating profit in 2024 but projected earnings per share below consensus estimates.
Full articleSummary: Meta announces new updates for its Ray-Ban Meta Smart Glasses, including new frame styles, video calling feature, Apple Music compatibility, and the rollout of multimodal AI assistant for users in the US and Canada.
Full articleSummary: Rtx Corp reported strong first quarter results with EPS beating analyst estimates and revenue surpassing consensus expectations. The company also provided guidance for FY 2024 that is slightly below the analyst consensus.
Full articleSummary: Walt Disney World's Victoria and Albert’s restaurant, known for its upscale dining experience, has earned its first-ever Michelin star, a prestigious honor in the culinary world.
Full articleSummary: Institutional investors hold a significant stake in Walt Disney (DIS) with 67% ownership, making them a powerful group that can influence the stock price. Insiders have recently sold shares, indicating a potential lack of confidence. Analysts recommend looking beyond institutional ownership and considering other factors for a comprehensive investment decision.
Full articleSummary: Several US banks are closing branches, resulting in a total of 36 closures in just one week. TD Bank and Wells Fargo are responsible for most of the closures, with TD Bank shutting 20 branches along the East Coast and Wells Fargo closing branches in various states. This trend indicates a continuous decline in physical bank branches nationwide.
Full articleSummary: RTX reports strong 12% sales growth in Q1 2024 with a record backlog of $202B, reaffirms full-year outlook. The company's segments - Collins Aerospace, Pratt & Whitney, and Raytheon - all showed positive results in the first quarter.
Full articleSummary: Caitlin Clark is reportedly set to sign an $28 million, eight-year contract with Nike, the richest sponsorship contract for a women’s basketball player. This deal includes a signature shoe and would solidify her association with the sportswear giant.
Full articleSummary: Starbucks wants the Supreme Court to curb the government’s power and is challenging the National Labor Relations Board, regarding the rehiring of workers who were trying to unionize. The case has implications on the standards the NLRB must meet when requesting temporary injunctions against companies.
Full articleSummary: Starbucks is appealing to the United States Supreme Court to change the tests used for evaluating National Labor Relations Act Section 10(j) injunctions, which are temporary measures to stop alleged unfair labor practices. The company is advocating for a more stringent four-factor analysis over the current two-factor and hybrid tests, in hopes of influencing future court battles over unfair labor practices.
Full articleSummary: United Parcel Service (UPS) wins profitable U.S. Postal Service air cargo contract after FedEx struggles with the business. UPS expects the deal to be profitable in the first year and throughout its duration, highlighting a more cost-effective approach that leverages its unified network.
Full articleSummary: Meta is expanding the Ray-Ban Meta smart glasses collection with new styles designed to fit more face shapes and adding new features such as updates to Meta AI. They are also introducing the first limited-edition Ray-Ban Meta smart glasses in an exclusive Scuderia Ferrari colorway for Miami 2024. Additionally, the ability to share your view on a video call via WhatsApp and Messenger is being added to the glasses.
Full articleSummary: Walt Disney is expected to focus on execution after winning a proxy fight, with increased profit estimates for 2025 and 2026. The company is addressing direct-to-consumer margins, stabilizing its sports business, and preparing for subscriber growth through strategies like monetizing shared accounts.
Full articleSummary: Chevron Corporation is set to release its Q3 2021 results on Friday, Oct 29, showing positive outlook with cost-reduction efforts, expected increase in free cash flow growth, and improved earnings from both upstream and downstream segments. Zacks model predicts uncertain beat for Chevron this earnings season.
Full articleSummary: JPMorgan Chase CEO Jamie Dimon stated that the U.S. economy is booming and consumer spending remains resilient despite concerns about deficit spending, inflation, and geopolitical conflicts.
Full articleSummary: Wall Street's main indexes advanced on upbeat earnings updates ahead of quarterly reports from big technology companies, boosted by growth and chip shares. Megacap growth stocks such as Meta Platforms, Microsoft, and Alphabet gained, while chip stocks like Nvidia, Micron Technology, and Advanced Micro Devices also rose. General Motors and Spotify saw increases in their stock prices after posting strong quarterly results. U.S. business activity cooled in April to a four-month low, and U.S. equities rebounded as money markets adjusted interest-rate cut expectations.
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