Summary: Berkshire Hathaway stock has proven to be one of the best-performing investments of all time, with shares increasing more than 2,000 times in value since 1980. A $500 investment would now be worth $1 million. Most investors should consider the B shares over the A shares due to their more affordable and flexible nature.
Full articleSummary: The Supreme Court will hear arguments in a case involving Starbucks and fired baristas, where Starbucks is accused of illegally firing workers during unionizing efforts.
Full articleSummary: Tesla is set to report its first-quarter financial results, with analysts expecting lower revenue and earnings per share compared to last year. Analysts are cautious about the company's growth prospects and are looking for information on robotaxis and Model 2. Share price closed down at $142.05 on Monday, hitting new 52-week lows.
Full articleSummary: Archax has expanded its tokenization services to include the BlackRock ICS US Treasury money market fund in collaboration with The HBAR Foundation, marking a significant advancement in merging traditional financial assets with blockchain technology. The tokenization of MMFs like BlackRock funds offers increased liquidity and investment options for institutional and professional clients.
Full articleSummary: Coca-Cola has introduced a new musical instrument and app called Coke SoundZ, leveraging AI and neuroscience to simulate the experience of drinking one of its products. Users can create melodies based on the sounds of opening and sipping a bottle of Coke.
Full articleSummary: Intel and ExxonMobil are collaborating to develop advanced liquid cooling technologies for future Xeon CPUs with up to 2,000 watts TDPs, aiming for significant energy and water savings. ExxonMobil provides advanced fluids for liquid immersion cooling while Intel focuses on turnkey immersion cooling tanks and chassis.
Full articleSummary: Intel and ExxonMobil are collaborating to develop advanced liquid cooling technologies, aiming for significant improvements to cool future Xeon CPUs with up to 2,000 watts TDPs by 2030.
Full articleSummary: Chinese entities acquired advanced Nvidia chips through third-party resellers despite US restrictions, ten Chinese buyers obtained Nvidia chips embedded in server products from Super Micro Computer Inc., Dell Technologies Inc., and Gigabyte Technology Co Ltd. The acquisitions were made after the US expanded the embargo on chip sales to China, and each sale was limited to small quantities.
Full articleSummary: Nvidia is a leader in sophisticated accelerated computing, indispensable for data centers managing the computing demands of AI. The company's business includes two segments: compute and networking, and graphics, with the former dominating the revenue and operating income. Nvidia is at the forefront of the AI explosion.
Full articleSummary: Wall Street analysts predict Charter Communications (CHTR) to post a quarterly earnings increase of 15.3% and a year-over-year revenue increase of 0.5%. Earnings per share estimate has been revised downward by 2.6% in the past 30 days. Multiple metrics such as 'Revenues- Residential- Video' and 'Residential - Total Voice Customers' are forecasted to change year over year.
Full articleSummary: RTX Corporation reported first-quarter profit of $1.71 billion, beating Wall Street expectations with earnings of $1.34 per share. The company posted revenue of $19.31 billion, surpassing Street forecasts. RTX expects full-year earnings in the range of $5.25 to $5.40 per share and revenue in the range of $78 billion to $79 billion.
Full articleSummary: Tesla is slashing prices in the U.S., China, and Germany in response to slowing sales and increased competition in the electric vehicle market. The price cuts are seen as a strategy to match production with demand and stay competitive against rivals like BYD, Ford, and General Motors.
Full articleSummary: PepsiCo reported first-quarter results above expectations, with revenue and adjusted profit beating estimates. The company affirmed its full-year guidance of at least 4% revenue growth compared to 2023.
Full articleSummary: McDonald’s introduces a new Bacon Cajun Ranch McCrispy sandwich with a bold, creamy, and spicy Cajun ranch sauce, available for a limited time at participating locations. This is the second limited-time sandwich upgrade this year. Additionally, McDonald's will be offering Krispy Kreme doughnuts at their locations soon.
Full articleSummary: Main U.S. indexes climbed ahead of earnings reports, with some U.S. stocks rising and falling based on their quarterly performances and forecasts.
Full articleSummary: Starbucks is challenging the federal agency before the US Supreme Court regarding the firings of seven workers trying to unionize, which could impact the National Labor Relations Board's power in similar cases. Despite the animosity, Starbucks and Workers United are restarting talks for contract agreements. The case involves conflicting standards for NLRB injunctions across federal appeals courts.
Full articleSummary: IBM is scheduled to report first-quarter results in-line with expectations, with analysts expecting a rise of 1.7% in earnings per share and revenues. Investors will focus on the company's AI business and its recent sale of Weather Company assets. Despite concerns about weakness in consulting, recent data points show improvement in macro and IT spending, leading to optimism about IBM's growth revenue segments.
Full articleSummary: Taiwan Semiconductor (NYSE:TSM) beat Q1 earnings estimates, with revenues growing by 12.9% and EPS by $0.08. The company is expected to generate record free cash flow this year, driven by its state-of-the-art 3-nanometer process technology and robust margins. Despite concerns about margin compression due to rising electricity prices in Taiwan, TSM's profitability levels are still strong.
Full articleSummary: UPS expects its newly won U.S. Postal Service air cargo contract to be profitable in the first year and throughout the more than five-year deal, replacing FedEx which recently struggled with the business. CEO Carol Tome stated that the deal will be margin accretive and earnings per share accretive to UPS.
Full articleSummary: Various companies, including GE, GM, UPS, PulteGroup, Danaher, and JetBlue, made significant earnings moves today. PulteGroup reported strong earnings exceeding expectations, Danaher rallied after reporting better-than-expected numbers, and JetBlue saw a significant decline despite a less-than-expected loss in Q1.
Full articleSummary: Tesla has eliminated about 40 marketing and advertising staff in ongoing job cuts announced by CEO Elon Musk. Musk had criticized the laid-off staff for their generic ads. The decision to cut the marketing team comes after a vehicle-sales slump and lower-than-expected delivery numbers.
Full articleSummary: Meta's AI assistant, Meta AI, has been integrated into Facebook feeds, Instagram, and WhatsApp, leading to user complaints about its sudden appearance and interference with the search function.
Full articleSummary: Chevron's stock has shown a 35% gain over the past five years, fuelled by its steadily rising dividend. The oil giant aims to grow its dividend, which currently yields 4%, and expects to increase its free cash flow by 10% annually through 2027. Additionally, the potential acquisition of Hess could further enhance Chevron's growth outlook.
Full articleSummary: Shares of GE Aerospace (NYSE: GE) were up 6% after the company released strong first-quarter results, beating revenue and earnings estimates. The aerospace unit showed significant growth, with a positive outlook for the full year.
Full articleSummary: Coca-Cola (NYSE: KO) has raised its dividend for the past 62 years consecutively and is maintaining its high yield, high payout ratio, and high value despite inflation impact. Management continues to guide for increased sales and profits in 2024.
Full articleSummary: Equities researchers at Zacks Research raised their Q2 2024 earnings per share estimates for ConocoPhillips, and several analysts have recently provided ratings and target prices for the stock. ConocoPhillips also announced an increase in its quarterly dividend.
Full articleSummary: Chinese research institutions and universities have managed to obtain Nvidia AI chips through Chinese resellers despite US export ban, leading to concerns about potential export control violations. The US government expanded sanctions to prevent advanced AI chips from reaching China, but orders for Nvidia chips were fulfilled after the ban went into effect, raising questions about compliance.
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