Summary: Fool.com contributor Parkev Tatevosian discusses The Motley Fool's view on Salesforce stock, which was not selected as one of the 10 best stocks by the Stock Advisor analyst team.
Full articleSummary: FedEx Express and Zonos form a strategic alliance to enhance cross-border e-commerce delivery processes by leveraging Zonos's technology and FedEx's logistics network and services, including automated solutions to eliminate unexpected costs and expedite customs clearance.
Full articleSummary: Lockheed Martin reports a near 14% rise in first-quarter sales driven by increased demand for weapons. Aeronautics unit sales, including F-35 fighter jets, rose 9.2%. Quarterly net sales rose to $17.2 billion from $15.13 billion reported last year.
Full articleSummary: FPT, Vietnam's top tech firm, plans to build a $200 million AI factory using Nvidia's graphics chips and software. The two firms aim to boost AI research in Vietnam with a focus on generative AI and autonomous driving.
Full articleSummary: Lockheed Martin reveals updates on GPS III and GPS IIIF satellite project including advancements in anti-jamming technologies, additional capabilities for military and first responder search and rescue, and encrypted M-Code capabilities.
Full articleSummary: Pfizer Canada and McMaster University announce a project to address health equity in vaccine science through a significant investment from Pfizer Canada to McMaster's Global Nexus.
Full articleSummary: Philip Morris International Inc. reported strong first quarter 2024 earnings results with a 9.7% increase in net revenues and growth in both reported and adjusted EPS compared to last year. The company also provided optimistic full-year EPS guidance.
Full articleSummary: U.S. stocks rose as markets awaited Tesla's first-quarter results, Nasdaq traded 1.5% higher, S&P 500 rose 1.1%, Dow Jones Industrial Average was up 0.6%. Tesla expected to report revenue and profit decline. Treasury yields tumbled after S&P Global flash composite PMI showed sluggish business activity growth. Oil and dollar slipped while gold remained lower.
Full articleSummary: Citigroup Inc. strategists believe global equities are more attractive after recent market pullback, viewing it as a buying opportunity.
Full articleSummary: Chinese nationals charged with money laundering for operating a drug trafficking money-laundering operation in Charlotte area banks, involving depositing significant amounts of money. Several individuals deposited large sums into Bank of America and JP Morgan Chase branches.
Full articleSummary: Citigroup initiated coverage of agilon health with a Neutral recommendation and an analyst price forecast suggests 58.70% upside. There has been an increase in the number of funds investing in agilon health, with a bullish outlook indicated by a put/call ratio of 0.71. Several major shareholders have reported their holdings in the company as well.
Full articleSummary: Goldman Sachs analyst reiterated a Buy rating and $118.00 price target on Philip Morris.
Full articleSummary: Lockheed Martin beats Q1 profit estimates on strong demand, shares rose nearly 2% in premarket trading.
Full articleSummary: Nelly Korda wins the Chevron Championship, marking her fifth straight tournament victory and second major win, making her a dominant force in the LPGA Tour.
Full articleSummary: Apple's iPhone sales in China dropped sharply in the first quarter of this year due to strong competition from Huawei, which saw a surge in sales by 69.7%, attributed to the launch of its Mate 60 smartphone with a high-end 5G chip.
Full articleSummary: Apple has acquired Paris-based AI startup Datakalab, known for algorithm compression and embedded AI systems, to enhance its on-device AI tools strategy.
Full articleSummary: Apple has acquired the Paris-based artificial intelligence startup Datakalab specializing in algorithm compression and embedded AI systems that function without relying on cloud-based systems, aligning with Apple's privacy and security commitment.
Full articleSummary: Lockheed Martin Corp.'s first-quarter operating income beat expectations as it delivered more fighter jets and missile systems. The defense company's consolidated operating profit was little changed at $2 billion from a year earlier, exceeding the average analyst estimate. All four business units increased sales in the quarter, boosting overall revenue 14%.
Full articleSummary: Critics of Broadcom Inc dismissed the company's revisions to its cloud licensing practices, despite significant price reductions for VMware’s cloud platform. Critics argue that alleged unfair software licensing terms, product bundling, and price increases remain unresolved. Trade bodies urge EU antitrust regulators to investigate the matter.
Full articleSummary: Lockheed Martin reported a nearly 14% rise in first-quarter sales driven by increased demand for weapons due to geopolitical tensions. Sales in missiles and fire control unit jumped 25.3% and aeronautics business sales rose 9.2%. The missile maker reaffirmed its full-year outlook, projecting net sales of US$68.5 billion to US$70 billion.
Full articleSummary: Intel has been awarded Phase Three of the Rapid Assured Microelectronics Prototypes - Commercial (RAMP-C) program by the U.S. Department of Defense (DoD. This signifies a critical milestone and enables manufacturing on Intel 18A process technology for both commercial and defense industrial base (DIB) product prototypes. Intel's role in RAMP-C involves collaborating with industry leaders and establishing an ecosystem to deliver security and operational requirements for U.S. Military, Aerospace and Government (USMAG) applications.
Full articleSummary: GE Aerospace raised annual targets after significant improvement in financial performance. Order intake climbed by 34%, sales rose by 15%, and operating income increased by 24% in the first quarter. Full-year operating income expectations also revised upwards.
Full articleSummary: JPMorgan Chase opens a new state-of-the-art technology home in Glasgow signaling a long-term commitment to the city and reflecting wider investments in Scotland. The building is designed with sustainability and employee well-being in mind, featuring modern amenities and wellness experiences. The firm has also shown significant support for communities in Scotland through philanthropic initiatives, focusing on technology, renewable energy, and youth development.
Full articleSummary: Lockheed Martin reports nearly 14% rise in first-quarter sales driven by increased demand for weapons, reaffirms full-year outlook, but quarterly net income falls due to higher costs.
Full articleSummary: WTI crude oil prices drop to nearly monthly low as concerns about wider Middle East war fade. Iranian Foreign Minister stated Iran does not plan to respond to Israel's retaliatory strike, while Israeli authorities remained mostly silent. Any escalating tensions between Israel and Iran could limit WTI's downside from its lower price levels.
Full articleSummary: Xaira Therapeutics, a well-funded biotech company, is set to revolutionize drug R&D using artificial intelligence with backing of over a billion dollars and prominent industry experts.
Full articleSummary: JPMorgan Chase & Co. increases its influence in Kin and Carta Plc by altering holdings and crossing notifiable threshold.
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