Summary: BNY Mellon High Yield Strategies Fund shares crossed below its fifty day moving average during trading, announced an increase in dividend, and saw institutional trading activities. The fund primarily invests in fixed income securities of below investment grade quality.
Full articleSummary: Philip Morris International reported strong financial results in the first quarter of 2024, with net revenues up 9.7% driven by demand for heated-tobacco products and Zyn nicotine pouches. Operating income increased by 11.5% over the same period in 2023.
Full articleSummary: Coca-Cola's attempt to introduce a new and improved formula, known as New Coke, in 1985 resulted in a backlash from consumers, leading to the eventual reintroduction of the original formula as Coca-Cola Classic.
Full articleSummary: Microsoft and Coca-Cola have signed a five-year deal to modernize Coca-Cola's technology systems worldwide using Azure cloud platform and AI tools.
Full articleSummary: GE Aerospace, the standalone aerospace business of General Electric, reported better-than-expected first-quarter results, with revenue up 11% and earnings beating estimates. The company also raised its full-year earnings forecast and highlighted strong demand in the commercial aviation industry.
Full articleSummary: Disney adjusts the timelines of its seasonal offerings for 2024, making EPCOT festival-free for the bulk of the summer from May 28 through August 28, 2024.
Full articleSummary: Coca-Cola, a Dividend King stock, has increased its dividend for the past 62 years consecutively, demonstrating commitment to dividends even during economic pressure.
Full articleSummary: Major global businesses such as Conduent, Vodafone, and Voya Financial are adopting Oracle Database@Azure to accelerate their cloud migrations, bringing the total to three cloud regions available now and 12 more in the future.
Full articleSummary: Apple is expected to release new iPad Pro models with OLED screens, new Pencils, Magic Keyboard cases, and iPad Airs including a 12.9-inch model. The upcoming event is scheduled for May 7th, potentially hinting at these device launches.
Full articleSummary: Adobe is introducing new generative AI tools to its Photoshop software, including a Reference Image tool that uses user-uploaded images to guide the output generated by Adobe's AI. These tools aim to streamline the design process and enhance creative control for users. In addition, Adobe's latest Firefly Image 3 model offers higher-quality image generation capabilities and is now available for testing both in the Photoshop beta app and the Firefly web application.
Full articleSummary: Microsoft launched a new lightweight artificial intelligence model, Phi-3-mini, designed to attract a wider client base with cost-effective options, which is significantly cheaper than existing models. The company is focusing on small language models (SLMs) to cater to companies with limited resources. Microsoft's investment in AI firms and partnerships to enhance its Azure cloud computing platform.
Full articleSummary: Emerson is offering its 2024-2025 Discrete Automation Scholarship, providing $5,000 scholarships and research grants to two U.S. college students pursuing STEM degrees. The scholarship aims to nurture future leaders in engineering and technology fields.
Full articleSummary: Berkshire Hathaway has a $38.2 billion investment in Bank of America, making it one of the most successful investments in its portfolio. Warren Buffett initially invested in Bank of America preferred stock in 2011, which he later exchanged for common stock warrants, allowing him to acquire most of Berkshire's stake at a significantly lower price.
Full articleSummary: Philip Morris (PM) reported Q1 revenue of $8.79 billion, up 8.6% YoY, with EPS at $1.50 compared to $1.38 in the same quarter last year. Various key metrics show positive performance including shipment volumes, net revenues by geography, and revenue surprises compared to analyst estimates.
Full articleSummary: Arca Continental Coca-Cola Southwest Beverages (CCSWB) is deeply committed to sustainability practices, with initiatives such as recycling, reducing carbon emissions, and promoting sustainability in communities. The company has exceeded many of its 2030 goals and continues to challenge itself in environmental stewardship. CCSWB collaborates with various stakeholders and aims to keep all bottles out of the waste stream.
Full articleSummary: Passover dietary restrictions affect Coca-Cola as its high-fructose corn syrup makes it unfit for consumption during the holiday season. Bottles with yellow caps and 'O-U-P' stamp indicate Passover-friendly soda with sucrose instead of corn syrup.
Full articleSummary: Microsoft and The Coca-Cola Company have entered into a $1.1 billion, five-year strategic partnership to leverage Microsoft's cloud and AI capabilities for Coca-Cola's technology transformation. They will experiment with technologies like Azure OpenAI Service and Microsoft's Copilot for Microsoft 365 to enhance workplace productivity and drive innovation.
Full articleSummary: Microsoft and The Coca-Cola Company have announced a strategic partnership where Coca-Cola commits $1.1 billion to Microsoft Cloud and AI capabilities for a technology transformation. They will experiment with technologies like Azure OpenAI Service and Copilot for Microsoft 365 to drive innovation across various business functions.
Full articleSummary: JPMorgan Chase & Co appoints Lu Fang as the new chair of its China securities arm, replacing former chair Park Pu. Greg Yu has been promoted to general manager. The securities unit, approved to convert into a wholly owned subsidiary in 2021, employs 210 staff in China.
Full articleSummary: Costco is planning to open one of the country's largest locations in northwest Fresno, compromising on size due to community concerns about traffic and noise issues. The store is expected to produce significant tax revenue and create new full-time jobs.
Full articleSummary: Telkom shareholders will vote next month on whether to sell the group’s towers and masts to a consortium led by private equity firm Actis.
Full articleSummary: Automation Anywhere, a vendor of AI-powered process automation software, has appointed Intel veteran Tim McDonough as its new chief marketing officer to drive global awareness of the company's AI software.
Full articleSummary: Danaher Corp. shares surge over 7% after reporting first quarter earnings above analysts' expectations.
Full articleSummary: Exxon Mobil Corporation (XOM) is expected to report first-quarter 2024 earnings on Apr 26, showcasing strong performance with a year-to-date gain of 21.7%. Anticipated earnings beat is supported by positive factors such as favorable oil prices and key acquisitions. Investors advised to wait for a better entry point despite the positive outlook.
Full articleSummary: RTX Corporation reported first-quarter 2024 adjusted EPS of $1.34, beating estimates by 8.9% and improving from the year-ago quarter. Total costs and expenses increased by 14% year over year. RTX reiterated its financial guidance for 2024, projecting adjusted EPS of $5.25-$5.40 and sales in the band of $78-$79 billion.
Full articleSummary: Apple is hosting a special event on May 7th focusing on iPads, with rumored significant improvements including OLED display, updated M3 chipset, and redesigned accessories.
Full articleSummary: Chinese entities were able to evade US sanctions on Nvidia AI hardware by purchasing servers equipped with the GPUs from Chinese retailers, according to a new investigation by Reuters. Nvidia has been building 'workaround' GPUs for the Chinese market that comply with sanctions.
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