Summary: Chevron's dividend is a crucial part of its return and the company is focused on growing it. It currently yields 4% and expects to increase its free cash flow by 10% annually through 2027. The potential acquisition of Hess could significantly improve Chevron's growth outlook.
Full articleSummary: Intel believes high-NA EUV lithography is the most cost-effective option for challenging chip layers, while ASML and Intel dismiss doubts on its competitiveness despite conflicting views from Semianalysis and TSMC.
Full articleSummary: John Malone resigns from the board of Charter Communications due to concerns that his presence could violate the US Clayton Antitrust Act, which may apply to Warner Bros. Discovery board members as well.
Full articleSummary: Liverpool FC is set to announce a new kit supplier deal with Adidas starting from the 2025-26 season, reuniting after a 13-year hiatus. The deal, higher than the existing Nike contract but below Manchester United's deal, follows a recent tender process involving Nike and Puma. Adidas, focusing on aggressive expansion after losing the German Football Association contract, also has partnerships with Arsenal and other Premier League clubs.
Full articleSummary: Lockheed Martin Corporation announced an earnings beat for Q1 2024, with EPS of $6.33, exceeding analyst estimates. The company's revenue also surpassed expectations, reaching $17.2 billion. Lockheed Martin's shares rose by 2.5% following the announcement.
Full articleSummary: Nike SB x Air Jordan 4 'Navy' collaboration set to release in Spring 2025, featuring a skate-ready twist with off-white leather upper, navy accents, and red Jumpman logo. Expected retail price is $225 USD.
Full articleSummary: McDonald's is facing challenges in fast-food consumption due to low-income consumers cutting back on fast food, concerns over receiving less from budget-conscious consumers, and potential inflation issues. The company is also aiming to expand to 50,000 restaurants and evaluating its spinoff CosMc's.
Full articleSummary: Oracle announces updates to its Oracle Fusion Cloud Human Capital Management to help healthcare organizations address workforce challenges and enhance patient care, offering solutions for talent acquisition, talent development, and resource optimization.
Full articleSummary: Apple has experienced a significant decline in iPhone sales in China, leading to the company falling to third place in the Chinese smartphone market.
Full articleSummary: Lockheed Martin Corp. reported weak first-quarter profit despite higher revenues but reaffirmed its fiscal 2024 forecast for earnings and sales. The company's profit decreased from last year but beat Street estimates.
Full articleSummary: Factors to consider when deciding whether to renew your Costco membership: frequency of use, overspending tendencies, and convenience/accessibility of store locations.
Full articleSummary: PepsiCo reported better-than-expected revenue in the first quarter driven by strong international demand for snacks and beverages. Despite a revenue increase of 2% and reaffirming financial guidance for 2024, PepsiCo's shares fell over 2.5% in morning trading due to lower growth rates compared to the previous year.
Full articleSummary: Rivian is offering discounts up to $5,000 along with a year of free charging to customers trading in gas-powered trucks and SUVs, targeting popular models like Ford F-150, Toyota Tacoma, and Jeep Wrangler. The promotion aims to boost sales amid softening demand for luxury EVs.
Full articleSummary: Broadcom rejected the American chipmaker’s modifications to its cloud licensing policy, citing concerns about alleged price hikes and unjust software licensing terms.
Full articleSummary: Nike is utilizing artificial intelligence to design futuristic basketball shoes in collaboration with elite athletes like A’ja Wilson, receiving mixed reviews from fans and sneakerheads. Despite early mockups, the 'A.I.R.' lineup showcases a new co-creation process between Nike designers, innovators, and athletes.
Full articleSummary: Danaher Corp (NYSE:DHR) reported mixed results for Q1 2024 with revenue slightly below estimates, but surpassed earnings estimates. The company anticipates a decline in revenue for Q2 2024 and full year 2024.
Full articleSummary: MetLife Investment Management (MIM) announced a restructuring, consolidating public fixed income and private capital offerings under Jude Driscoll. Brian Funk will lead the Private Capital team with a focus on enhancing credit capabilities and creating diverse investment solutions. The Private Capital team at MIM originated $10.4 billion in private placements in 2023, with total assets under management of $136.2 billion.
Full articleSummary: Cisco has partnered with Morgan Solar to set up a pilot project using solar energy to power collaboration and meeting spaces, combining Morgan Solar's Energy Blinds technology with Cisco’s Power-over-Ethernet switch and Webex integrations to maximize energy savings and reduce wastage. The initiative aims to drive sustainable solutions and increase productivity while meeting national sustainability goals.
Full articleSummary: Broadcom completed the $61bn acquisition of VMware in November 2023. Broadcom's changes to VMware's cloud licensing practices have not addressed concerns about alleged price hikes and unfair licensing terms. The EU antitrust watchdog has called for an investigation following complaints about pricing changes.
Full articleSummary: Lockheed Martin Corp (LMT) announced impressive first-quarter financial results for 2024 with net sales of $17.2 billion, surpassing estimates, and net earnings of $1.5 billion, exceeding analyst expectations. The company highlighted strong cash flow and strategic initiatives including significant shareholder returns and investments in R&D and capital projects.
Full articleSummary: Pfizer Canada and McMaster University announce a partnership to address gaps in health equity in the development and delivery of vaccines. Pfizer is investing $500,000 in McMaster's Global Nexus to support inclusive excellence in vaccine research and training.
Full articleSummary: Walmart's fintech startup One is offering buy now, pay later loans at its U.S. stores, putting it in direct competition with Affirm. One aims to become a financial superapp by expanding its services beyond its initial products, threatening partnerships with Affirm, Capital One, and others in the American retail landscape.
Full articleSummary: Global businesses like Conduent, Vodafone, and Voya Financial are adopting Oracle Database@Azure for cloud migrations, now available in U.K. with plans for 12 more regions. Voya Financial and Conduent are leveraging Oracle Exadata Database Service which has improved performance and application processing.
Full articleSummary: Oracle introduces new capabilities in its Fusion Cloud Applications Suite to help healthcare organizations drive operational efficiency, empower employees, and improve patient outcomes.
Full articleSummary: Reviva Pharmaceuticals and Bristol-Myers Squibb are compared based on risk, profitability, earnings, analyst recommendations, institutional ownership, dividends, and valuation. Bristol-Myers Squibb beats Reviva Pharmaceuticals on 9 out of 13 factors. Reviva Pharmaceuticals is favored by equities analysts over Bristol-Myers Squibb due to a stronger consensus rating and higher potential upside.
Full articleSummary: Lockheed Martin Corp. announced a decrease in profit for the first quarter compared to last year but beat Street estimates. The company's earnings were $1.55 billion, or $6.39 per share, exceeding analyst expectations of $5.81 per share. Revenue for the quarter rose 13.7% to $17.20 billion.
Full articleSummary: Lockheed Martin Corporation reported net sales of $17.2 billion, net earnings of $1.5 billion, cash from operations of $1.6 billion, and free cash flow of $1.3 billion for the first quarter of 2024. The company reaffirmed its 2024 financial outlook, including expectations for net sales, business segment operating profit, diluted earnings per share, cash from operations, and free cash flow.
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