Summary: Emfo LLC reduced its stake in JPMorgan Chase & Co. by 15.8% during the 4th quarter, with institutional investors making a significant impact on the stock. Also, JPMorgan Chase & Co. increased its dividend and received positive outlooks from Wall Street analysts.
Full articleSummary: Microsoft is launching a new method of installing Microsoft Store apps through apps.microsoft.com, reducing the number of clicks required and creating standalone installers for each app. The change has resulted in a 12% increase in installations and a 54% increase in the number of applications launched after installation. However, some developers have expressed concerns about the new experience.
Full articleSummary: Starbucks fired workers trying to unionize, but a court order forced rehiring. Starbucks wants Supreme Court to limit government's power in such cases. Starbucks and Workers United restarting talks for contract agreements.
Full articleSummary: Cyngn Inc. has been selected to supply its DriveMod Tuggers for industrial automation to John Deere's operation in Dubuque, Iowa.
Full articleSummary: Cisco has launched Hypershield, a cloud-native, AI-powered security service for highly distributed AI-scale data centers, available to IT teams of all sizes, set to be generally available in August. The solution leverages AI, eBPF technology, and hardware accelerators to provide advanced security controls and protect against application exploits and vulnerabilities.
Full articleSummary: Bank of England's message about UK's inflation outlook being different from the US is finally being noticed by investors, who now expect two rate cuts in the UK this year.
Full articleSummary: Univar Solutions and Dow are expanding their partnership to distribute construction silicone products in Central and Eastern Europe, offering enhanced protection to building materials and substrates in harsh weather conditions. The collaboration aims to meet the rising demand for durable and weather-resistant construction materials in the region.
Full articleSummary: Univar Solutions, LLC is expanding its partnership with Dow to distribute construction silicone products in Central and Eastern Europe, to meet the rising demand for silicone additives and resins used in construction projects.
Full articleSummary: Microsoft has introduced its smallest AI model, Phi-3-mini, optimized for businesses with limited resources, offering capabilities like content creation and data efficiency. The launch aims to address the AI divide between large corporations and small businesses.
Full articleSummary: Palantir and Oracle have announced a partnership to collaborate on AI initiatives, which could potentially disrupt the AI landscape and benefit both enterprises by leveraging each other's strengths. The partnership aims to move Palantir workloads to Oracle's Cloud Infrastructure, opening up new growth opportunities for both companies.
Full articleSummary: Danaher beat quarterly profit and sales expectations, driven by strength in diagnostics and bioprocessing businesses, sending shares up by more than 7% before the bell. However, it forecast a low single-digit percentage decline in its 2024 adjusted core revenue.
Full articleSummary: PepsiCo reported first-quarter earnings and revenue exceeding analyst expectations, driven by strong international business performance. Despite challenges like product recalls and tough revenue growth comparisons, the company achieved YoY growth in net revenue, operating profit margin, and EPS. However, the stock price experienced a modest decline premarket, possibly due to investor caution.
Full articleSummary: The Loan Services market is booming worldwide with increasing R&D spending and demand for online lending platforms and 'buy now pay later' loans services. The market is being driven by the growing need for money in personal and business needs, with opportunities created by increasing fintech companies in developed and developing nations.
Full articleSummary: Cloud providers and business users express concerns over Broadcom's cloud licensing practices changes, as European Commission investigates.
Full articleSummary: Cyngn Inc. has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere's operation in Iowa.
Full articleSummary: FedEx reaffirms commitment to sustainability by participating in tree planting campaign in UAE, aiming for carbon-neutral operations globally by 2040.
Full articleSummary: Microsoft's Redmond Technology Station Bridge, an 1,100-foot span, officially opens in Redmond, Wash., facilitating a greener, safer commute for employees and commuters. The bridge features amenities like a wide walking path, bicycle lanes, and native plantings.
Full articleSummary: Danaher Corporation anticipates mid-single digits year-over-year decline in non-GAAP core revenue for the second quarter and low-single digits decline for full year 2024. The first quarter bottom line saw adjusted earnings per share down 6.5% year-over-year but still beat analysts' expectations. Company's revenue for the quarter fell 2.5% year-over-year.
Full articleSummary: Broadcom Inc. (AVGO) closed slightly higher in the latest trading session, lagging behind gains in the broader market. The company is expected to report growth in EPS and revenue compared to the prior year. Analysts have a sell rating on the stock with recent estimate revisions moving lower.
Full articleSummary: Danaher expects underlying sales to fall this year but had a good start with improving order trends. Q1 earnings declined but beat Wall Street estimates. Sales in Q1 surpassed analyst expectations.
Full articleSummary: Huawei is on the verge of overtaking Apple in the world's largest smartphone market by recording significant sales growth in China, while Apple's sales declined. Apple's market share in China has fallen to the third spot.
Full articleSummary: BlackRock Inc.'s Rick Rieder predicts relief for bond investors with potential interest rate cuts by the Federal Reserve due to ebbing inflation.
Full articleSummary: BNY Mellon High Yield Strategies Fund's share price passed below its fifty day moving average and traded as low as $2.30 before closing at $2.32. The fund also announced an increase in its monthly dividend to $0.018 per share, compared to the previous $0.02 per share.
Full articleSummary: Emerson Electric Co. (NYSE:EMR) has received a consensus recommendation of "Moderate Buy" from analysts, with a 1-year target price of $116.25. Multiple analysts have issued positive ratings and increased target prices for EMR stock.
Full articleSummary: Illinois Municipal Retirement Fund increased its position in FedEx Co. by 11.2% in the 4th quarter according to recent filings. Moreover, several other funds also added to their positions in FedEx. Insiders have been selling FedEx shares, and Wall Street analysts have been offering varying ratings, with an average of 'Moderate Buy'. FedEx reported earnings that beat estimates and announced a $5 billion share buyback plan along with a quarterly dividend.
Full articleSummary: Wall Street analysts forecast an increase in earnings and revenues for Caterpillar in the upcoming release. Analysts expect positive year-over-year changes in various segments of sales and revenues, with slight adjustments made to earnings estimates in the past 30 days.
Full articleSummary: Apple's $3,500 VR headset, Vision Pro, is losing interest among consumers due to impracticality despite initial sales surge, according to Bloomberg report.
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