Summary: Mama's Creations, Inc. has been selected by Costco to participate in a 'Costco Roadshow' in the Northeast Region, providing an opportunity for national placements with Costco.
Full articleSummary: ExxonMobil and Intel are partnering to develop energy-efficient liquid cooling solutions for data centers, aiming to reduce emissions and improve efficiency.
Full articleSummary: ExxonMobil and Intel have partnered to develop energy-efficient liquid cooling solutions for data centers, aiming to reduce emissions and improve energy efficiency.
Full articleSummary: Apple will be holding a special event announcing new iPad Pro and iPad Air models, along with updated Apple Pencil and Magic Keyboard accessories. The event will be livestreamed and focuses on iPads.
Full articleSummary: Costco Wholesale Corp, PNM Resources Inc, and Unum Group will all trade ex-dividend for their upcoming dividends. Costco will pay $1.16 on 5/10/24, PNM will pay $0.3875 on 5/10/24, and Unum will pay $0.365 on 5/17/24. Investors should expect COST to open 0.16% lower, PNM to open 1.06% lower, and UNM to open 0.70% lower on 4/25/24.
Full articleSummary: Market averages rose on Tuesday following a heavy selling week, boosted by a rise in tech stocks. 10-year Treasury yield fell. Investors were optimistic about near-term outlook.
Full articleSummary: Raymond James & Associates reduced its stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 4.5% in the 4th quarter. Other institutional investors also adjusted their positions in the company. BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund recently announced a monthly dividend of $0.035 per share.
Full articleSummary: Charles Schwab Corporation (NYSE:SCHW) is about to trade ex-dividend, with investors needing to purchase shares before February 13 to be eligible for the US$0.18 dividend, to be paid on February 28. The company has a trailing yield of approximately 1.5% on its current stock price of $47.31. Charles Schwab has shown strong earnings growth over the past five years and has been increasing its dividend by approximately 12% annually over the past ten years.
Full articleSummary: Coca-Cola and Microsoft signed a $1.1 billion deal over five years to leverage Microsoft's cloud computing and AI services, focusing on Azure OpenAI and Copilot. The collaboration aims to drive innovation in the beverage industry.
Full articleSummary: ExxonMobil plans to close its chemical production facilities in Gravenchon, France, impacting 677 jobs due to high operating costs and poor competitiveness. Ethylene producers are struggling with oversupply and competition, leading to downscaled operations by other companies. Potential worker strikes are expected in response to the shutdown.
Full articleSummary: General Electric raises full-year profit guidance for aerospace business, with operating profit expected to reach US$6.2 billion to US$6.6 billion and adjusted earnings per share forecast at US$3.80 to US$4.05. First quarter performance in GE Aerospace shows operating profit up 24% to US$1.5 billion and sales up 15% to US$8.1 billion. GE reiterated its goals for free cash flow and revenue growth, and announced plans for a significant dividend payment.
Full articleSummary: Comcast Business launches Managed Detection and Response (MDR) solution to help medium and large enterprises identify and limit cyber threats without additional resources.
Full articleSummary: IHG Hotels & Resorts partners with Salesforce to standardise on Salesforce Loyalty Management, leveraging CRM, AI, data, and trust on a unified platform to enhance guest loyalty and personalized experiences.
Full articleSummary: Microsoft introduced Phi-3 Mini, a small language model running on smartphones, competing in a crowded market, and launched an expansive PR campaign to showcase its AI leadership.
Full articleSummary: Apple has announced a special event for May 7 focusing on new iPad hardware and accessories like iPad Pro, iPad Air, Apple Pencil, and Magic Keyboard. Rumors suggest new features for Apple Pencil and design updates for iPad Pro and Magic Keyboard.
Full articleSummary: Jefferies adjusted its outlook on International Business Machines Corp. (IBM), reducing the price target from $215.00 to $210.00, while keeping a Hold rating. The firm highlighted IBM's ongoing efforts to focus more on software, acknowledged initiatives to enhance software growth and profitability, and emphasized the need for improved go-to-market execution and organic growth capabilities. Jefferies' new price target of $210.00 reflects a conservative approach, awaiting further signs of progress in IBM's transformation efforts before making any rating changes.
Full articleSummary: Costco is selling gold bars, generating $2.4 billion annually. Customers are buying gold for various reasons including investment, apocalypse scenarios, and cash back rewards. Some are reselling gold bars for a profit through Costco returns or finding buyers at a slight discount.
Full articleSummary: RTX Corp reported higher than expected quarterly adjusted earnings of $1.34 per share, beating analysts' mean expectation of $1.23 per share.
Full articleSummary: Lockheed Martin Corp reported lower quarterly earnings compared to the same quarter last year, missing analysts' expectations.
Full articleSummary: Bank of New York Mellon Corp (BK), Concentrix Corp (CNXC), and nVent Electric PLC (NVT) will all trade ex-dividend on 4/25/24. BK will pay $0.42, CNXC $0.3025, and NVT $0.19 as quarterly dividends. BK is expected to trade 0.73% lower, CNXC 0.55% lower, and NVT 0.27% lower when shares open on 4/25/24.
Full articleSummary: SoftBank plans to invest $960 million in developing a Japanese-language-specific generative artificial intelligence model over the next two years, with a focus on purchasing advanced graphics processing units from Nvidia.
Full articleSummary: Oracle Corp. is experiencing strong demand for its cloud-based services, leading to higher growth forecasts, increasing free cash flow margins, and potential stock price appreciation. Analysts predict a 33% to 38% upside potential over the next year.
Full articleSummary: Boeing is facing a contract dispute with fire fighters in Washington state due to concerns about short staffing, low pay, and long time to reach maximum pay scale. Unions representing Boeing employees and nearby fire fighters are expressing support for IAFF I-66 in their demands for a fair contract.
Full articleSummary: Oracle Financial Services introduced Oracle Financial Services Compliance Agent, an AI-powered cloud service to help banks address the challenge of money laundering and improve compliance efficiency, risk assessment, and decision-making. The solution is designed to assess risk profiles of new products, proactively mitigate risks from high-risk typologies, and make evidence-supported decisions for risk modeling.
Full articleSummary: GE Aerospace raised its full-year profit forecast despite supply-chain challenges, benefiting from strong demand for jet engines. The company slashed estimates for LEAP engine production due to Boeing's production issues. Shares of the aerospace giant were up more than 4% in pre-market trading.
Full articleSummary: American Financial Group, Inc. announced that their Co-Chief Executive Officers and CFO will participate in the 2024 Wells Fargo Financial Services Investor Conference on May 14, 2024.
Full articleSummary: The US Department of Defense selects Intel Foundry for phase three of its RAMP-C program, to advance tape-out and testing of Defense Industrial Base (DIB) product prototypes using Intel 18A process technology. The program aims to reestablish US leadership in advanced semiconductors.
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